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Pakistan Strikes Critical Win With Oil, Gas Wildcat Discovery

OilPrice

Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. Drilled to a depth of 4,185 meters, the well tested at 6.4

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UK Reconsiders North Sea Oil and Gas to Lower Energy Bills

OilPrice

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. The government has given extra funds for the Department for Energy Security and Net Zero to invest between 2026…

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Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale

OilPrice

Argentina's Vaca Muerta shale play posted significant first-quarter gains in 2025, building on last year's strong performance, with oil output surging 26% and gas production rising 16% year-on-year, according to Rystad Energy estimates.

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Iran’s Oil and Gas Assets Rocked in Latest Round of Israeli Attacks

OilPrice

Israel launched a series of airstrikes on Tehran’s critical energy infrastructure early Sunday, setting ablaze the city’s main gas depot and a major oil refinery, as the conflict with Iran intensified into its most destructive phase yet.

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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.

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Natural Gas Boom to Heat Up in Texas

OilPrice

Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1

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Rystad: Oil Prices To Remain Below $80 Despite Escalating Middle East Tensions

OilPrice

The conflict appears likely to be contained and…

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