Dana Gas has confirmed a significant 15–25 Bcf gas discovery at the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta. The find supports the company’s $100 million drilling program, with production expected to exceed 8 MMscf/d once tied into the national gas network. SourceContinue Reading

Chevron has tapped TechnipFMC to supply next-generation Subsea 2.0® production systems—including the first 7-inch subsea tree series—for the Gorgon Stage 3 expansion offshore Australia, reinforcing a two-decade partnership. SourceContinue Reading

Gulf of Mexico Lease Sale Marks Strongest Bid Activity Since 2017 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 11, 2025, 5:00 PM CST Trump’s first Gulf of Mexico lease sale drew nearly $300 million in bids, with the highest price per acre in...Continue Reading

U.S. Strategy Exposes Europe’s Fragile Future | OilPrice.com Alastair Paynter Dr Alastair Paynter is a strategist, analyst and historian. He is the London Correspondent for the “Defense & Foreign Affairs” group of publications, published by… More Info Premium Content By Alastair Paynter – Dec 11, 2025, 4:00 PM CST U.S. strategic documents highlight deep European...Continue Reading

House Vote Reignites Fight Over Who Controls America’s Pipeline Buildout | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 11, 2025, 3:30 PM CST The House on Thursday narrowly approved the...Continue Reading

Seizing Venezuelan Oil May Cost Washington More Than Caracas | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Dec 11, 2025, 3:00 PM CST U.S. tanker seizure...Continue Reading

Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook. SourceContinue Reading

Trump Zeros In on Venezuela’s Oil Networks | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 11, 2025, 2:30 PM CST Washington moved aggressively back into Venezuela’s oil sector on Thursday,...Continue Reading

SLB and Shell have signed a new collaboration agreement to co-develop AI-driven digital solutions aimed at boosting upstream efficiency. The partnership will use SLB’s Lumi™ platform to unify data and accelerate automation across subsurface, drilling and production workflows. SourceContinue Reading

Green Hydrogen Set for Industrial Commoditization by 2032 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 11, 2025, 2:00 PM CST The global green hydrogen market is projected to grow at a 60% compound annual growth rate (CAGR), swelling from an estimated $2.79 billion...Continue Reading