Upstream oil and gas news | Inspenet

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

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.

Upstream

Strait of Hormuz Naval Blockade Sends Oil Traffic to Record Lows

Antonio Zavarce · August 25, 2026

Strait of Hormuz naval blockade is disrupting global energy flows as tanker traffic falls to a three-month low amid mounting pressure on Iranian oil…

Upstream

Equinor and Aker BP discover gas and condensate in the North Sea

Marcos Medina · August 25, 2026

Equinor and Aker BP found gas and condensate in Linga, with up to 2.1 million m³ of recoverable oil equivalent.

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.

Upstream

ExxonMobil anticipates a sharp decline in production at Tengiz by 2035

Moises Carrasquero · August 25, 2026

ExxonMobil projects a drop of nearly 40% in Tengiz as it evaluates a major investment to expand Kashagan in Kazakhstan.

Oil and Gas

Supreme Court to Review Permits for Three Norwegian Oil Fields

Antonio Zavarce · August 24, 2026

The Norwegian oil fields Breidablikk, Tyrving, and Yggdrasil are entering a new legal stage as Norway’s Supreme Court examines the validity of the process…