Oil & Gas
Africa
Egypt Confirms New Natural Gas Discovery in Western Desert
Key Takeaways:
Badr-15 discovery boosts Egypt’s Western Desert gas output.
Discovery supports Egypt’s plan to lift national gas production.
2026 drilling push signals stronger exploration ahead.
Egypt has confirmed a fresh natural gas discovery in the Badr-15 zone of the...
Asia
China Encourages More Private Investment in Energy Projects
China is changing how it handles major energy and infrastructure projects, opening the door to more private investment in energy projects. In some cases, private investors could hold more than a 10% stake. The government says this move is...
News & Press Releases
IEA Says that Global Oil and Gas Demand May Grow Until 2050
The International Energy Agency (IEA) said that global oil and gas demand could continue rising until 2050, signalling a shift from its earlier projections of a rapid move toward cleaner energy and acknowledging that the world is unlikely to...
Oil & Gas
AI integration in Oilfield Drilling Enhances Efficiency
The digital transformation of the oilfield sector, particularly in drilling operations, has shifted from a theoretical promise to a daily reality. Artificial intelligence (AI) now plays a persistent role in optimizing work that once depended largely on human experience...
America
Greenland’s Jameson Land Basin Reveals Massive Oil Potential
80 Mile Plc and its U.S. partners March GL and Pelican have confirmed a substantial oil resource discovery in Greenland’s Jameson Land Basin, following an independent assessment by Sproule ERCE. The report estimates 13.03 billion barrels of gross un-risked...
Companies
Aramco, Baker Hughes Enter Deal for UBCTD Expansion in Saudi
Baker Hughes, an energy technology company, announced that it has received an award from Aramco to broaden its integrated underbalanced coiled tubing drilling (UBCTD) operations throughout Saudi Arabia’s natural gas fields.
Under the multi-year arrangement, Baker Hughes plans to grow...
Companies
Chevron, Helleniq Win Greece Offshore Gas Exploration Blocks
Greece has confirmed that it will award four offshore oil and gas exploration blocks to a consortium led by Chevron, marking a key development in the nation’s ongoing efforts to expand its domestic energy exploration. Following a period of...
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