An expected increase in US natural gas production will be driven by mainly by Appalachia, Haynesville, and Permian regions.
Italy’s Eni and the United Kingdom’s BP have confirmed a fresh 500 million-barrel oil discovery offshore Angola, reinforcing the Southern African nation’s efforts to strengthen crude production amid sustained output pressure and shifting global energy flows.
Nigeria’s Dangote Refinery processed a record 40.1 million litres of crude per day in January, representing 57% of tthe otal supply and marking a 25% increase from 32 million litres in December 2025. The refinery now supplies 62% of the country’s Premium Motor Spirit, overtaking fuel importers for the first time ever. The giant plant–the world’s largest single-train refinery–finally reached full operational capacity at 650,000 bpd, marking an important milestone in Nigeria’s efforts to cut reliance on imported fuel.
In early January 2026, U.S. forces captured Nicolás Maduro and brought him into U.S. custody on drug charges. In subsequent public statements, the Trump administration announced an intent to encourage private-sector participation and investment in Venezuela’s energy sector, despite broad U.S. sanctions on the Venezuelan government.
Aker BP has awarded Aker Solutions a long-term maintenance, modification and operations (MMO) contract covering all Aker BP-operated assets on the Norwegian Continental Shelf.
Chevron, through its subsidiaries and in partnership with HELLENiQ ENERGY, has signed lease agreements with the Hellenic Republic for exploration rights to four offshore blocks in Greece, expanding its presence in the Eastern Mediterranean.
The exploration involved multiple wells drilled from the Askeladden rig, with detailed geological data indicating moderate to good reservoir properties. The license partners are considering a tieback to existing infrastructure.
ConocoPhillips and its partners have submitted two plans for development and operation (PDOs) to Norway’s Ministry of Energy for the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea.
India’s consumption of refined petroleum fuels and products is expected to hit another fresh high in the upcoming financial year 2026-27 (FY27) on the back of steady growth in energy use across various sectors of the economy, as per latest government estimates. According to projections by the Petroleum Planning & Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas (MoPNG), the country’s consumption of petroleum products seen a proxy for crude oil demand in FY27 is seen rising 2.8% over the revised estimate for FY26 to 250.8 million tonnes.
World oil demand will rise more slowly than expected this year, the International Energy Agency said on Thursday, while warning the global market still faces a sizeable surplus despite outages that cut supply in January.