15 Jan Energy news, commentary and analysis | Oil markets in confused state, pulled in all direction
(Oilandgaspress) According to the updated forecast, in 15 minutes, crude oil’s (WTI) price will increase by 0.07% to $59.41. Then will reverse, and 15 minutes later, the price will rise to $59.39. After one hour, Crude oil (WTI) price is expected to be $59.39, which is 0.03% higher than the current price. In two hours, the price will drop by $0.16, which implies a decrease to $59.21, with a cumulative loss of 0.27%.
The price forecast for tomorrow is $58.79 . Related News
Russia has threatened to bring about the “end of the world” if Donald Trump follows through on his promise to take Greenland. The “eccentric” US president wants to position his atomic strike forces on the world’s largest island to secure nuclear superiority over Russia and China, according to Dmitry, Rogozin. a Putin-backing senator for part of occupied Ukraine, a former deputy prime minister, ex-head of the Russian Space Agency, and once the Kremlin’s representative at NATO headquarters in Brussels. Related News
Eco (Atlantic) Oil & Gas Ltd. announced that, together with Navitas Petroleum LP, it is engaged in ongoing, constructive discussions with the Ministry of Natural Resources (“MNR”), Government of Guyana, regarding the continuation of Eco’s appraisal and exploration programme on the Orinduik Block area. While the Orinduik Licence reached the end of its second renewal term on 14 January 2026, the provisions under the Petroleum Act allow the Company to maintain rights to the Jethro-1 and Joe-1 discoveries pending approval of the submitted appraisal programme. To this effect, the MNR and Guyana Geology and Mines Commission are in receipt of the relevant joint submissions from Eco Atlantic and Navitas. Eco Atlantic and Navitas continue to pursue the most efficient and value-accretive path forward that will be acceptable to the Ministry. Related News
Eco (Atlantic) Oil & Gas Ltd. announced that Navitas Petroleum LP (“Navitas”), with whom Eco signed a Framework Agreement related to several assets, has signed a non-binding Memorandum of Agreement with JHI Associates Inc (“JHI”), in which Eco currently has a 6.6% interest, for a farm-in to acquire a 65% Working Interest in the PL001 North Falklands Basin Licence (“PL001”). PL001 is adjacent to the Navitas operated Sea Lion Development.
PL001 covers 1,126km2 in circa 500m water depth and contains significant exploration potential, with JHI’s Best Estimate of 3.1 billion barrels across multiple prospects and leads, including multiple Lower Cretaceous prospects analogous to the neighbouring Sea Lion field. . Related News
Reference is made to the stock exchange announcements made by Dolphin Drilling AS on 1 December 2025 regarding the resolution by an extraordinary general meeting in the Company to, among other things, conduct a reverse share split in the ratio of 300:1, and on 12 January 2026 regarding the resolution to increase the share capital to facilitate the reverse share split.
The share capital increase and the reverse share split have today been registered with the Norwegian Register of Business Enterprises:
Share capital: NOK 477,724,077.00
Total number of shares: 159,241,359
Par value of each share: NOK 3.00
The last day including the reverse share split will be tomorrow, Thursday 15 January 2026. Related News
Escalating economic confrontation between major powers is now seen as biggest threat to global stability for the year, the World Economic Forum (WEF) said on Wednesday in its Global Risks Report 2026.,
The Report finds geoeconomic confrontation emerges as the top risk for the year, followed by interstate conflict, extreme weather, societal polarization and misinformation and disinformation.
The outlook from leaders and experts shows deep concern. Half of those surveyed anticipate a turbulent or stormy world over the next two years, up 14 percentage points from last year. Related Report
EnerMech has been awarded a subsea pre-commissioning services contract by Saipem for the Whiptail development offshore Guyana, expanding its footprint in one of the world’s most active deepwater provinces.
The Whiptail project is located about 200 miles offshore Guyana in the Stabroek Block, which is operated by ExxonMobil Guyana. The contract marks EnerMech’s first involvement on the Whiptail field and its fifth subsea pre-commissioning scope offshore Guyana…. Related News
ADNOC has now surpassed the halfway mark towards advancing its drive to protect biodiversity through scalable, nature-based solutions that support the UAE’s aim to plant 100 million mangroves by 2030 and deliver long-term value and positive impact for the nation. His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, has planted ADNOC’s five millionth mangrove seedling during a visit to the Al Nouf mangrove forest in Abu Dhabi, marking a milestone in ADNOC’s ambition to plant 10 million mangroves by 2030. ADNOC’s mangrove planting program, which began in 2023, uses advanced artificial intelligence (AI)-enabled drone technology developed in the UAE to plant mangroves efficiently and at scale. The program also integrates advanced monitoring tools, such as machine learning, to track mangrove health, growth and restoration success over time. Related News
Following the announcement on 24 December 2025 of the agreed sale of Petrofac’s Asset Solutions business to CB&I, Petrofac today announces that a meeting of Petrofac Facilities Management Limited’s creditors will be held at 10:00 on 30 January 2026 to vote on a proposed Company Voluntary Arrangement (“CVA”) related to the sale.
The CVA is intended to compromise certain creditor claims to enable the completion of the sale. Trade creditors, employees and certain other parties are not affected by the CVA. Operations will continue as normal during the CVA process and Asset Solutions will continue to serve its customers and work with suppliers as usual.
The acquisition by CB&I will secure the future of the Asset Solutions business. Approval of the CVA is a requirement for completion of the sale of Asset Solutions to CB&I. All eligible creditors are strongly encouraged to vote in favour of the proposal.. Related News
United States has sold the first cargo of Venezuelan cargo it received from the country after the ousting of President Nicolas Maduro. The sale fetched $500 million, an unnamed Washington official told media.
CNN quoted the source as saying there would be more sales in the coming days. Earlier this month, President Donald Trump said Venezuela would “turn over” between 30 and 50 million barrels of its crude to the U.S. . Related News
Due to the U.S. sanctions on Russia, India is estimated to have imported 1.1-1.3 million barrels per day (bpd) of Russian crude in December—volumes that were sharply down from November and the lowest level in just over three years. The December imports would be down from an estimated 1.84 million bpd in November.
Vessel-tracking firm Kpler puts the January imports at 1.2-1.4 million bpd. But India’s actual imports could be lower than this estimate, sources with knowledge of the flows told Bloomberg on Thursday. . Related News
Nigeria’s crude oil production fell to 1.422 million barrels per day (bpd) in December, down from 1.436 million bpd in November, according to figures reported by the country’s authorities to OPEC and included in OPEC’s latest Monthly Oil Market Report (MOMR).
By Nigeria’s own admission, it failed to produce to its 1.5 million bpd quota under the OPEC+ agreements, for the fifth consecutive month. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $59.37 | Down |
| Crude Oil (Brent) | USD/bbl | $63.75 | Down |
| Bonny Light 15/01/26 CBN | USD/bbl | $68.23 | Up |
| Dubai | USD/bbl | $62.58 | Up |
| Natural Gas | USD/MMBtu | $3.13 | — |
| Murban | USD/bbl | $65.00 | Down |
| OPEC basket 14/01/26 OPEC | USD/bbl | $63.30 | Up |
| At press time January 15, 2026 . |
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
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