General – Cooperation
Turkish Petroleum (TPAO) and BP have signed a Memorandum of Understanding (MoU) on strategic cooperation in oil and natural gas.
[Read more…] about TPAO and BP sign MoU for IraqEni confirms oil discovery in Algaita-01, offshore Angola
Fossil Energy – Oil Discovery
Eni confirms an oil discovery in the Algaita-01 exploration well in Block 15/06, offshore Angola, approximately 18 km from Olombendo FPSO.
[Read more…] about Eni confirms oil discovery in Algaita-01, offshore AngolaAker BP releases first long‑term oil demand outlook
Fossil Energy – Demand Outlook
Aker BP’s Markets & Strategic Insights team, led by Jostein Magerøy and Chief Economist Torbjorn Kjus, projects that global oil demand will continue to grow, reaching 112 million barrels per day by 2035.
[Read more…] about Aker BP releases first long‑term oil demand outlookHighest net output in over 40 years for ExxonMobil
Fossil Energy – Production
ExxonMobil yesterday announced that its net production reached the highest level in more than 40 years in 2025, with Guyana a central contributor as the company reported full-year earnings of US$28.8 billion.
[Read more…] about Highest net output in over 40 years for ExxonMobilBulgaria takes 10% stake in Black Sea oil and gas exploration consortium
Fossil Energy – Bulgaria
“The cheapest gas is our gas,” energy minister Stankov says as Bulgaria acquires a 10% stake in the Black Sea consortium exploring for oil and natural gas in the Han Asparuh offshore block.
[Read more…] about Bulgaria takes 10% stake in Black Sea oil and gas exploration consortiumEquinor discovers oil in the Norwegian Sea
Fossil Energy – Oil Discovery
Equinor and its partners have proven oil in wildcat well 6507/8-12 S in production licence 124 B.
[Read more…] about Equinor discovers oil in the Norwegian SeaBenin expects first oil production in January 2026
Fossil Energy – Benin
West African nation Benin Republic is expected to produce its first commercial oil from the Seme offshore oilfield by the end of January 2026, after drilling challenges forced the country to miss its initial 2025 target.
[Read more…] about Benin expects first oil production in January 2026Norway braces for Oil and Gas slowdown as investment falls
Fossil Energy – Norway
Norway’s offshore oil and gas production is expected to remain broadly stable in 2026, but a sharp decline in investment is signalling a slowdown in activity and a gradual fall in output later this decade, the country’s energy regulator said on Thursday.
[Read more…] about Norway braces for Oil and Gas slowdown as investment fallsChevron brings on stream 20,000 bpd Angola project
Fossil Energy – On Stream
Chevron has brought on stream its N’dola Sul project offshore Angola.
[Read more…] about Chevron brings on stream 20,000 bpd Angola projectPetrobras announced first oil from P-78 FPSO
Fossil Energy – Production
On December 31, 2025, Petrobras marked a significant milestone with the start of oil production from the P-78 floating production unit (FPSO) in the Búzios field, located in the pre-salt layer of the Santos Basin.
[Read more…] about Petrobras announced first oil from P-78 FPSO