Navitas Petroleum has signed a non-binding agreement to acquire a 65% working interest in the PL001 licence in the North Falklands basin, adjacent to the Sea Lion development, advancing offshore South Atlantic exploration with multi-billion-barrel potential. SourceContinue Reading

Akrake Petroleum is preparing to restart oil production at the Sèmè field offshore Benin in the Gulf of Guinea, targeting first oil in late January 2026. With upgraded offshore facilities in place, the project marks a renewed push to revive legacy offshore production in West Africa. SourceContinue Reading

Vitol and Trafigura Secure U.S. Licenses to Trade Venezuelan Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 12, 2026, 10:30 AM CST Vitol and Trafigura are offering Venezuelan crude to refiners in China and India for March delivery, trade sources told Reuters on...Continue Reading

Is Iraq About to Make Its Biggest Geopolitical Pivot in Years? | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jan 12, 2026, 10:00 AM CST Chevron...Continue Reading

Azerbaijan Ramps Up Natural Gas Production | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Jan 12, 2026, 9:30 AM CST Azerbaijan, a key natural gas supplier to Europe, raised its production by 2.4% in 2025 from the previous year, the...Continue Reading

Trump Claims Iran Wants Negotiations Amid Deadly Protest Suppression | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 12, 2026, 9:00 AM CST Trump claims Iranian...Continue Reading

Forum Energy Technologies has appointed Leslie A. Beyer, former assistant secretary at the U.S. Department of the Interior and ex-Energy Workforce & Technology Council CEO, to its board of directors, strengthening regulatory and industry expertise. SourceContinue Reading

Malaysia’s national oil company Petronas has taken its dispute with Petroleum Sarawak Bhd. to the country’s top court, seeking clarity over gas ownership and potential impacts to LNG operations in resource-rich Sarawak. SourceContinue Reading

Benin Offshore Oil Production Resumes After Three Decades | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 12, 2026, 8:00 AM CST Oil production offshore Benin, Nigeria’s neighbor to the...Continue Reading

China Welcomes EU Guidance on Minimum EV Prices After Tariff Dispute | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 12, 2026, 7:00 AM CST The European Union issued on...Continue Reading