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Latest news about Oil and gas Industries-05.12.25
On December 03 , 2025 Reconnaissance Energy Africa confirmed the discovery of hydrocarbon pay at its Kavango West 1X exploration well on PEL 73 in northern Namibia, advancing appraisal of the Damara Fold Belt play. Drilled to a depth of 4,200 metres, the well encountered approximately 400 metres of gross hydrocarbon-bearing interval within the Otavi carbonates, including 64 metres of net pay verified by wireline logs. An additional 61 metres of hydrocarbon show... Read More
Latest news about Oil and gas Industries-28.11.25
On November 26, 2025 Based on a warning from Carlyle Group's Jeff Currie, the massive spending by Big Tech on artificial intelligence is being compared to the excessive investment during the shale boom, which ended in a price crash that wiped out trillions in equity. Currie notes that both energy and technology are fundamental pillars of the economy, and the current tech spending, which has reached levels similar to the energy industry at its peak, should raise... Read More
Latest news about Oil and gas Industries-21.11.25
On November 19, 2025 BW Energy successfully completed the Kharas-1 appraisal well in the Kudu license offshore Namibia. Drilled to a depth of 5,100 meters, the well encountered multiple shallow turbidite reservoirs with dry-gas shows. Crucially, in a deeper section, it identified a fractured volcaniclastic reservoir containing condensate and/or light oil. This marks the first-ever confirmation of liquid hydrocarbons in the block, providing key evidence of a wor... Read More
Latest news about Oil and gas Industries-14.11.25
On November 12, 2025 In a strategic move to capitalize on the artificial intelligence boom, Chevron has chosen West Texas as the site for its first natural gas-fired power project for a data center. The oil giant, one of the largest producers in the Permian Basin, is in exclusive talks with an unnamed end user and expects the facility to be operational by 2027, with a future capacity of up to 5,000 megawatts. This venture, developed in partnership with activist... Read More
Latest news about Oil and gas Industries-31.10.25
On October 29, 2025 The Trump administration decided against including East Coast offshore oil and gas leases in its initial proposal, reversing an earlier draft plan. This shift followed strong opposition from Republican stakeholders in the Southeast, who expressed concerns about potential impacts on tourism, and from environmentalists. The administration's forthcoming draft plan, a first step in developing a new five-year leasing schedule, is now expected to... Read More