Equinor drills dry well in the Barents Sea (7018/5-2)
Equinor and its partners have drilled a dry well on the ‘Vikingskipet’ prospect. Wildcat well 7018/5-2 was drilled in production…
Vår Energi and its partner Kistos Energy have drilled a dry well in the Balder area in the North Sea
Vår Energi and its partner Kistos Energy have drilled a dry well in the Balder area in the…
Wood Mackenzie Sees Sharp Pullback in UK North Sea Capex
Recently, U.S. President Donald Trump claimed that the UK has 500 years of oil reserves left in the…
U.S. Oil Drillers Add One Rig as Winter Weather Sets In
By Julianne Geiger – Jan 23, 2026, 12:17 PM CST The total number of active drilling rigs for…
USGS Uncovers Massive New Oil and Gas Potential in the Permian Basin
A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the…
A new chapter for Namibia – Building an energy future with purpose
Namibia is about to enter a transformative phase in its national development, driven by potentially material hydrocarbon discoveries in the Orange Basin.…
Where The Middle East’s Next 20 Billion Barrels Are Coming From
Previously, we reported that global upstream operators will cut investment for a second consecutive year in 2026, with…
Global Upstream Capex Set To Fall Again In 2026 Amid Low Oil Prices
Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil…
UK North Sea Oil Enters Survival Mode as Investment Dries Up
The once-thriving UK North Sea oil and gas province survived 2025, the most difficult year since the 1960s…
The Libya Oil Story No One Is Pricing In Yet
With more than 40 companies having now registered their interest in Libya’s first oil field licensing round since…
TGS and Ocean Winds launch first proprietary offshore wind and metocean campaign in Australia
TGS, a global provider of energy data and intelligence, has deployed its first proprietary offshore wind and metocean…
Equinor provides status update for the Snøhvit Future project
Estimates for progress and costs for the Snøhvit Future project have been updated. The project has been postponed…