Latest Headlines

1. Oil India Reports Presence Of Natural Gas In Andaman Shallow Offshore Block 6/5/2026

   Oil India Limited (OIL), a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, is pleased to announce the presence of natural gas in its 3rd exploratory well Vijayapuram-3 (Loc. OAEB), drilled 15 km off the east coast of the Andaman Islands at a water depth of 355 meters in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP).

2. Eni Awarded Exploration Block A1 In The Gambia 6/5/2026

   Eni and the Government of The Gambia, represented by the Minister of Energy and Petroleum Honourable Nani Juwara, signed today a Petroleum Exploration Development and Production License Agreement for the Block A1 offshore the Republic of The Gambia.

3. Velesto Secures Drilling Contract For NAGA 6 In Thailand 6/4/2026

   Velesto Energy Berhad (‘Velesto’ or the ‘Group’) today announced that its wholly-owned subsidiary, Velesto Sumber Sdn. Bhd., has secured a contract award from Northern Gulf Petroleum Pte Ltd (‘NGP’) for the provision of jack-up drilling rig services and associated services offshore Thailand.

4. Sky Quarry Pushes To Expand Drilling In Nevada, Home To An Estimated 1.4 Billion Barrels Of Oil 6/3/2026

   Sky Quarry Inc. ("Sky Quarry" or the "Company"), an energy infrastructure company focused on domestic refining and resource development, today announced that it is launching a crude oil drilling and production initiative in Nevada's Railroad Valley - the state's primary oil-producing region - and that it intends to refine that crude at its Foreland Refinery, the only operating refinery in Nevada.

5. MOL Group And Partners Start Gas Production At The ACG Field In Azerbaijan 6/3/2026

   MOL Group and its Joint Venture (JV) partners have achieved the first gas in the ACG field in Azerbaijan, where non-associated gas (NAG) reservoirs had previously been identified beneath and above the producing oil reservoirs.

6. Karachaganak: KEP-1B Sour Gas Introduction 6/2/2026

   Karachaganak Petroleum Operating B.V. (KPO) is pleased to announce that the KEP-1B Project has safely achieved First Gas Reinjection.

7. Oman And Libya Sign Agreement On Cooperation In Oil And Gas Sectors 6/2/2026

   OQ Exploration and Production signed a Memorandum of Understanding (MoU) with the Libyan Investment Authority in Tripoli, marking a significant step that reflects the depth of cooperation between the Sultanate of Oman and the State of Libya.

8. Algerian-Nigerien Cooperation Signing Of Three (03) MoUs Between SONATRACH's Subsidiaries And The Nigerien Petroleum Company SONIDEP 6/2/2026

   As part of the implementation of the instructions of the President of the Republic, Mr. Abdelmadjid TEBBOUNE, so as to strengthen African economic integration and develop sustainable development projects on the African continent, three Memoranda of Understanding were signed between subsidiaries of SONATRACH Group and the Nigerien Petroleum Company SONIDEP, during a ceremony held today.

9. Provincial Government Advances Offshore Natural Gas Development 6/1/2026

   The Provincial Government is moving forward with plans to advance offshore natural gas development, releasing new findings that highlight significant potential in the Jeanne d’Arc Basin.

10. Record Announces That A Single Loba Well Could Produce 5,000 bbl/d In Gabon; Paving The Way For 20,000 bbl/d Development 6/1/2026

    Record Resources Inc. (TSXV: REC) reports that further geological and geophysical study of the Loba oil discovery and nearby analogue fields in Gabon is suggesting that a first oil well there could produce 5,000 barrels of oil per day (bbl/d).