Oil and gas news | Inspenet

Venezuela oil production could enter a new phase of growth through the development of 17 strategic fields and new investments aimed at restoring infrastructure…

Oil and Gas

Offshore Exploration in Sri Lanka Opens a New Energy Frontier

Antonio Zavarce · August 28, 2026

Sri Lanka is opening nearly 34,000 km² of the Mannar Basin to international energy companies through four offshore blocks extending from shallow waters to…

Oil and Gas

Artificial Intelligence in Upstream Redefines the Value of Oil and Gas

Antonio Zavarce · August 28, 2026

Artificial intelligence could transform upstream oil and gas economics, unlocking up to $230 billion in annual value through production, drilling, reservoir management, and automation.

Oil and Gas

ONGC in Venezuela Revives Its Commitment to the San Cristóbal Oilfield

Antonio Zavarce · August 27, 2026

ONGC Videsh is preparing a nearly $200 million investment in Venezuela’s San Cristóbal oilfield, targeting a gradual recovery from current output of 4,000–5,000 bpd…

Oil and Gas

SLB and PDVSA Take Oil Data Into a New Digital Era

Antonio Zavarce · August 26, 2026

SLB and PDVSA are advancing Venezuela’s oil digital transformation by modernizing critical reservoir and production data, creating a stronger foundation for AI, field optimization…

Oil and Gas

Japan halts further crude oil releases despite falling imports

Marcos Medina · August 26, 2026

Japan rules out releasing more oil reserves as shipping diversions temporarily reduce its crude imports.

Oil and Gas

JPMorgan and Santander lead US$15 million investment for Argentina LNG

Marcos Medina · August 26, 2026

JPMorgan and Santander structure up to US$15 million to finance Argentina LNG and its future LNG production.

Oil and Gas

Offshore Exploration in Norway Targets 25 Major Opportunities

Antonio Zavarce · August 25, 2026

Equinor, Aker BP and Vår Energi are joining forces to evaluate 20–25 high-impact prospects and pursue major new discoveries on the Norwegian Continental Shelf.

Oil and Gas

Denise West Gas in Egypt: Eni and BP Target FID Within Months

Antonio Zavarce · August 25, 2026

Denise West is moving toward a decisive stage in Egypt, where Eni is working alongside BP and the Egyptian General Petroleum Corporation (EGPC) to…

Oil and Gas

Rovuma LNG Accelerates Development With 250 Km of Offshore Pipelines

Antonio Zavarce · August 25, 2026

Rovuma LNG moves forward with 250 km of offshore pipelines for its subsea infrastructure in Mozambique as partners secure critical equipment ahead of FID.