Vår Energi and Equinor have discovered gas and condensate at the Lakris prospect in the Norwegian Sea, with preliminary estimates indicating recoverable resources of 1.3 MMboe to 5.5 MMboe.
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has called for increased development of domestic natural gas resources and stronger regional cooperation to shield African economies from global energy disruptions.
China has stockpiled enough natural gas to meet winter demand, according to analysts, as importers acted early to build supplies in anticipation of price spikes from the Iran war.
U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), dropped by 8.6 million barrels from the week ending October 2 to the week ending October 9.
Equinor Energy AS has exercised options for two additional wells for Odfjell Drilling’s Deepsea Atlantic semisubmersible rig, extending its firm contract into late fourth-quarter 2027.
Two Greenpeace activists were arrested in Australia after they caused a halt in operations at Woodside Energy’s Scarborough LNG platform, off the coast of Western Australia. The two were charged with “interfering with offshore petroleum installations or operations”, the local authorities said in a statement as cited by ABC. The maximum penalty for that charge is 10 years in prison.
Venezuela expects almost $76 billion of investment in its oil and gas sector over the next five years, Acting President Delcy Rodríguez said Saturday, as the country seeks to draw private capital into a push to boost energy production.
Crude oil prices began the week with a dip on traders’ expectations of a boost in diesel fuel supply under the deal agreed by the presidents of Russia and the United States. However, the dip in oil benchmarks came from a much higher point than a week ago, leaving prices palpably elevated.
African Energy Week 2026 brought governments, oil majors, investors and financiers to Cape Town with ambitious plans for the continent’s petroleum resources.
Ghana’s refined petroleum product imports fell 12.67% in the first half of 2026 as domestic production increased