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.
Aker BP ASA started oil production from the Solveig Phase 2 development in production license (PL) 359 in the North Sea.
OPEC and its allies (OPEC+) agreed on Sunday, Feb. 1, to keep oil production levels unchanged for March, reaffirming earlier decisions amid heightened geopolitical uncertainty and firmer crude prices.
Essar Oil and Gas Exploration & Production (EOGEPL) is planning to invest $100m (Rs9.15bn) in a new drilling initiative at its Raniganj East coal bed methane (CBM) block in the Indian state of West Bengal, reported the Economic Times.
Equinor has reached an agreement to sell its onshore assets in Argentina’s Vaca Muerta basin to Vista Energy for approximately $1.1bn (Nkr10.61bn).