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Equinor Makes Oil Discovery At Massive Arctic Field

OilPrice

Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea. Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday.

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Iraq Lifts Oil Output by 80,000 bpd Across Three Key Fields

OilPrice

Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking one of the country’s most significant boosts this year as OPEC+ opens the door to higher member output.

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Big Oil Is Back to Business in Libya

OilPrice

Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya. Separately, the Libyan oil

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Supermajors to Significantly Boost Oil and Gas Output in Nigeria

OilPrice

Supermajors Shell and TotalEnergies expect to raise oil and gas production over the next two years from projects they operate in Africa’s top oil producer, Nigeria.

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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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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply

OilPrice

China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year.

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Iran Targets Dramatic Output Increase From Oil Fields Bordering Iraq

OilPrice

Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the

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