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  • Volume 124, Issue 1

    • Volume 124, Issue 1

    Jan/Feb 2026 | New and recent projects will contribute 500,000 boe/d of hydrocarbon supply to Europe, with Equinor ASA’s Johan Castberg and Var Energi’s ASA’s Balder redevelopment accounting for more than 50% of the new volume. Norway’s oil production is projected to have increased by about 3% in 2025, with Johan Castberg adding 220,000 b/d (Photo by Soren Q. Terkildsen / © Equinor)

    More content from Volume 124, Issue 1

    MOL Group has signed a binding Heads of Agreement with Gazprom Neft to acquire its 56.15% stake in the Serbian Naftna Industrija Srbije (NIS) corporation. MOL Group has signed...
    Feb. 10, 2026
    Strong demand for natural gas is driving a surge in pipeline construction across the US, leading to the most significant increase in capacity since 2008. Meantime, according to...
    Feb. 10, 2026
    Beacon Offshore started oil and natural gas production from Zephyrus field in the Gulf of Mexico.  Beacon Offshore Energy LLC, Houston, has started oil and natural gas production...
    Feb. 10, 2026
    Global oil demand growth is projected to average 930,000 b/d in 2026, up from 850,000 b/d in 2025, the International Energy Agency (IEA) said in its January 2026 Oil Market Montly...
    Feb. 10, 2026
    The price of oil is set to rise significantly and producers’ marginal cost of supply will climb, too, the chief executive officer of Northern Oil and Gas Inc. told an industry...
    Feb. 10, 2026
    ExxonMobil Corp. has formally broken ground on construction works for the operator’s planned reconfiguration of its 584,000-b/d integrated refining and petrochemical complex...
    Feb. 10, 2026
    Chevron Mediterranean has reached final investment decision to expand production capacity of the Leviathan production platform offshore Israel. Chevron Mediterranean Ltd. (CML...
    Feb. 10, 2026
    Shell Offshore will invest in a waterflood project for secondary oil recovery at Kaikias field in the US Gulf of Mexico. Oil in the reservoir supplies production to Shell's Ursa...
    Feb. 10, 2026
    TotalEnergies SE (TTE) and BluEnergies Ltd. (BLU) have signed a joint study and application agreement to assess the hydrocarbon potential of BluEnergies’ deepwater fan play...
    Feb. 10, 2026
    Maps from US Bureau of Ocean Energy Management
    Maps of potential oil and gas leasing offshore Central, Southern California
    California leaders oppose the federal government's plans to expand offshore drilling, citing risks to coastal economies and ecosystems. While the industry highlights potential...
    Feb. 10, 2026
    Venezuela's oil industry faces significant hurdles despite recent moves to reopen markets and attract private investment.
    Feb. 10, 2026
    After a striking shift toward a pro-fossil fuel national agenda in 2025, US oil and natural gas industry leaders are eager to see regulatory agencies and Congress move forward...
    Feb. 10, 2026
    Assuming no major unforeseen disruptions, the 2026 global supply-demand balance is expected to remain in surplus, with most market forecasts projecting an even larger excess than...
    Feb. 10, 2026