Turkey signed a deal with Chevron Corp. on Thursday to jointly explore for oil and gas around the world, the country’s energy ministry said.
Vitol Group and TotalEnergies SE are hoovering up key North Sea crude supplies, part of the biggest spate of activity in almost two decades for barrels that help set global oil prices.
Oil fell for the first time in three days after Iran confirmed it would hold negotiations with the US, easing the immediate risk of military conflict and supply disruptions from the OPEC producer.
The U.S. is projected to produce almost a quarter of the world’s petroleum and other liquid fuels output in 2026 in the U.S. Energy Information Administration’s (EIA) latest short term energy outlook.
2026 production is expected to exceed 70,000 boe/day, with lower OpEx and GTA ramping up, supporting improved profitability.
The newly established African Energy Bank has launched with an initial USD 10-billion commitment to fund priority oil and gas projects in Nigeria, Angola and Libya, the African Petroleum Producers’ Organization (APPO) said on Thursday, in comments cited y local media.
Ghana’s petroleum revenues credited to the Petroleum Holding Fund (PHF) totaled $399.65 million in the second half of 2025. The figures were published on Monday, Feb. 2, in a semi-annual report covering the period from July 1 to Dec. 31, 2025, by the Bank of Ghana, the fund’s administrator.
The Government of Ghana has pledged its commitment to importing petroleum products from the Dangote Petroleum Refinery in Lagos, Nigeria.
In a market comment sent to Rigzone on Thursday, Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices “remain elevated and volatile … as the market prices supply risk and demand uncertainty at the same time”.
OKEA ASA and its partners have discovered more hydrocarbon deposits in the producing Brage field on Norway’s side of the North Sea.