News

Exxon Cancels Mozambique LNG Update

Exxon has canceled a public appearance by several executives scheduled for today, at which they were supposed to reaffirm the company’s commitment to the Rovuma LNG project, currently frozen, in the company of Mozambique’s president, Daniel Chapo.

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Greenland’s Jameson Land basin holds 13 Bbbl oil potential, new report finds

80 Mile PLC, which holds a 30% interest through its subsidiary White Flame Energy A/S, is partnered with March GL, which will fund and operate the upcoming drilling campaign. Preparations are underway for two exploration wells scheduled to begin in second-half 2026, each targeting depths of at least 3,500 m. Halliburton has been contracted to provide drilling services and logistics, with IPT Well Solutions serving as project manager.

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Equinor approved to drill Barents Sea exploration well

The Norwegian Offshore Directorate (NOD) has granted Equinor Energy AS a drilling permit for wellbore 7018/5-2 in production license 1236, located in the Barents Sea on the Norwegian Continental Shelf. The authorization was issued under Section 13 of the Resource Management Regulations, NOD confirmed on October 29, 2025.

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Senegal accelerates industrialization amid oil, gas production surge

Senegal is actively reducing its historical dependence on imported fossil fuels through both domestic hydrocarbons and renewable energy initiatives. The government’s strategy prioritizes using natural gas for domestic power generation, aiming to reduce costly heavy fuel oil consumption while directing hydrocarbon revenues toward broader development objectives.

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