ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia, with multi-zone downhole testing expected to begin before the end of May. SourceContinue Reading
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential. SourceContinue Reading
Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking China’s first ultra-deep shale gas field with reserves exceeding 100 Bcm. SourceContinue Reading
IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Related News By Alex Kimani – May 13, 2026, 8:30 AM CDT Global oil demand is set to exceed supply in the current year...Continue Reading
bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside SOCAR and Uzbekneftegaz as the company expands its upstream exploration portfolio in Central Asia. SourceContinue Reading
BP Buys 40% Stake in Uzbek Oil and Gas Blocks | 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 – May 13, 2026, 7:30 AM CDT BP has bought 40% in the...Continue Reading
Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel | 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 – May 13, 2026, 6:30 AM CDT Summer travel could be disrupted...Continue Reading
Japan’s Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In | 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 – May 13, 2026, 5:30 AM CDT Japan’s refinery utilization rates are...Continue Reading
Citi Sees India’s Power Demand Rising 5%-6% Annually Amid Energy Buildout | 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 – May 13, 2026, 4:30 AM CDT India’s power sector is set...Continue Reading
Europe’s Gas Industry Seeks Relief From Storage Mandates | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 13, 2026, 3:30 AM CDT European Union gas industry lobby groups are urging Brussels to...Continue Reading
