12 Jan Energy news, commentary and analysis | Four oil, gas discoveries in Egypt
(Oilandgaspress) 12/01/26 Egypt unveils four oil, gas discoveries in Western Desert. The Ministry of Petroleum and Mineral Resources announced the successful drilling of four exploratory wells in the Western Desert, in line with its efforts to maximize domestic production and reduce the import bill. The exploratory wells are expected to have a daily production capacity of nearly 4,500 barrels of crude oil and 2.6 million cubic feet of natural gas. The discoveries were achieved by Khalda Petroleum Company, Tharwa Petroleum Company, and Borg El Arab Petroleum Company.
Tharwa Petroleum unveiled a discovery at the EAS Z-3 well in the East Abu Sennan area, with an initial production rate of nearly 1,500 barrels of oil a day.Read More
Norway is preparing to extract billions of pounds worth of fossil fuels from the North Sea as it reopens “dead” oil and gas fields close to British waters. A report by a Norwegian government agency said improvements in technology meant closed fields that were once considered too expensive to extract from could now be reopened. It marks a stark contrast with Britain’s attitude. Ed Miliband, the Energy Secretary, banned new oil and gas drilling in 2024.
Experts said Norway’s success in oil and gas exploration made Britain look like a “daft neighbour” and added that it will increase the UK’s reliance on overseas imports.. About 180 of the UK’s 280 fields are set to close by 2030 and the offshore sector is losing 1,000 jobs a month. In the last 12 months, Britain spent £20.6bn buying oil and gas from Norway. Related News
In 2026, the the North Sea accounts for about one-third of overall gas production, and this situation will continue over the next few years. Total production on the NCS (oil, gas, NGL and condensate) amounted to 238 million standard cubic metres of oil equivalent (MSm3 o.e.). Production is expected to remain at a stable, high level over the next few years, and will then gradually decline towards the end of the 2020s. At year-end 2025, there were 97 fields in operation on the Norwegian shelf. The Halten Øst and Verdande fields in the Norwegian Sea, as well as Johan Castberg in the Barents Sea, came on stream, and no fields were shut down over the past year. The Norwegian Offshore Directorate expects a number of new fields to come on stream over the years to come. Related Report
A U.S. judge on Monday will consider a request from Orsted for an injunction against the Trump administration’s decision to halt its $5 billion Revolution Wind project off the coast of Rhode Island according to news reports. On January 2, 2026:Ørsted formally filed a challenge under the Administrative Procedure Act (APA) and the Outer Continental Shelf Lands Act (OCSLA), claiming the government’s suspension of permits is arbitrary and capricious. Ørsted Claims executive orders cannot retroactively cancel federal permits and argues irreparable harm due to seasonal construction windows, mechanical exposure, and potential asset stranding. Implications:
A ruling in favor of Ørsted would reinforce protections for pre-approved infrastructure projects, potentially serving as a roadmap for other offshore wind developers. A ruling favoring the government could expand executive discretion under the “Major Questions Doctrine,” affecting future renewable energy investments and regulatory certainty. The case involves complex intersections of federal administrative law, executive power, contractual finality, and environmental and national security considerations. Related News
KBR has been awarded the front-end engineering design (FEED) contract for Coastal Bend’s planned natural gas liquefaction and export facility on the Texas Gulf Coast.
The Coastal Bend LNG project will feature multiple liquefaction trains, cogeneration, LNG storage tanks, and export facilities. The project will utilize ConocoPhillips’ Optimized Cascade® Process (COP OCP) technology to help achieve Coastal Bend LNG’s goal of reducing greenhouse gas emissions. KBR will lead the FEED effort, including the entire inside battery limits (ISBL) scope–covering LNG liquefaction and nitrogen rejection (COP OCP technology), gas treatment, and heavy hydrocarbon removal (Honeywell UOP technologies). KBR will also provide overall coordination between the parties and support Coastal Bend in FERC filings and permitting. Related News
Uniper has entered into a tolling agreement with Neoen, one of the world’s leading renewable energy companies, securing for its portfolio the installed capacity (30 MW / 78 MWh) of the Arneburg Battery in Saxony-Anhalt, Germany. The contract will commence in 2027 and run for seven years. Under the agreement, Uniper will have full control over the optimization of the battery, while Neoen will manage the asset’s operation and maintenance. This partnership gives Uniper access to an important new battery asset in Germany and enables the company to optimize the asset across all relevant market channels – from providing ancillary grid services to participating in wholesale markets. Related News
Uniper SE intends to sell its helium business in accordance with the European Commission’s state aid approval decision of 20 December 2022 (SA.103791; EU Commission grants approval under state aid law). The sale will be conducted via an open, fair and transparent bidding process. The transaction perimeter will comprise a portfolio of international helium purchase, sale and storage agreements, and a fleet of 11,000-gallon helium ISO containers. No personnel will transfer as part of the transaction. Interested parties are invited to submit their statement of interest (the “Expression of Interest”) containing the name, address and contact details of the interested party and the responsible persons in relation to the Expression of Interest, as well as the name and address of mandated financial advisers (if any) to Clearwater, the sole financial adviser mandated by Uniper SE, in German or English by e-mail to: ProjectMadrid@clearwatercf.com.. Related News
In 2025, the Middle East solidified its role as the primary stabilizing force in a fragmented global energy system. Looking ahead to 2026, overall investment is set to grow by 10% to about $110 billion as several megaprojects move from final investment decision (FID) to execution. Competition will grow for EPC capacity, liquefied natural gas modules, subsea kit, and skilled labor, driving up cost and schedule risk. Domestic pricing reform and subsidy rationalization will be crucial to unlocking gas‑for‑power switching at scale and to free crude for export while meeting emerging climate constraints. Lastly, OPEC+ production policy decisions will define crude market dynamics and regional revenue stability ‒ and by extension, upstream capital outlay or tightening. Related News
2025 marked a pivotal moment for the bioenergy industry, driven by landmark policy changes and aggressive sustainability targets. The enforcement of SAF blending mandates in Europe, the expansion of advanced biofuel goals in major markets and tightening feedstock availability are reshaping demand, pricing and investment decisions across the sector. Recent EU and international mandates have sharply increased demand and prices for sustainable aviation fuel (SAF). Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $58.68 | Down |
| Crude Oil (Brent) | USD/bbl | $62.99 | Down |
| Bonny Light 31/12/25 CBN | USD/bbl | $63.42 | — |
| Dubai | USD/bbl | $61.02 | Up |
| Natural Gas | USD/MMBtu | $3.24 | Up |
| Murban | USD/bbl | $63.08 | Down |
| OPEC basket 09/01/26 OPEC | USD/bbl | $61.20 | — |
| At press time January 12, 2026 . |
Reference is made to the stock exchange announcement made by Dolphin Drilling AS on 1 December 2025 regarding the Company’s extraordinary general meeting resolving, among other things, to approve a reverse share split in the ratio of 300:1, and to authorise the board of directors to increase the share capital to facilitate the reverse share split.
The Company’s board of directors has resolved to increase the share capital by issue of 208 new shares to facilitate the reverse share split, as authorised by the extraordinary general meeting on 1 December 2025. Following registration of both the share capital increase and the reverse share split, the Company’s registered share capital will be NOK 477,724,077.00, divided into 159,241,359 shares, each with a nominal value of NOK 3.00. Read More
Reference is made to the stock exchange announcement made by Dolphin Drilling AS on 1 December 2025 regarding the Company’s extraordinary general meeting resolving, among other things, to approve a reverse share split in the ratio of 300:1, and earlier today regarding the resolution by the board of directors to issue 208 new shares to facilitate the reverse share split.
As further set out below, the board of directors has determined the key dates for implementation of the reverse share split. The reverse share split will include the 208 new shares which the board of directors resolved to issue earlier today. In connection with the reverse share split, the Company’s shares will also be transferred to a new ISIN.
Key information relating to the reverse share split and change of ISIN:
• Date on which the corporate action was made public: 17 November 2025
• Reverse share split ratio: 300:1, 300 old shares give one (1) new share
• Last day including the right: 15 January 2026
• Ex. date: 16 January 2026
• Record date: 19 January 2026
• New ISIN: NO 0013711739
• Date of ISIN change: 16 January 2026
• Rounding rules: Rounded downwards*
• Date of approval: 1 December 2025 Read More
President Donald J. Trump signed a Presidential Memorandum directing the withdrawal of the United States from 66 international organizations that no longer serve American interests.
The Memorandum orders all Executive Departments and Agencies to cease participating in and funding 35 non-United Nations (UN) organizations and 31 UN entities that operate contrary to U.S. national interests, security, economic prosperity, or sovereignty.Read More
In a recently published presidential memorandum, the US president said the US “shall withdraw” from the UN Framework Convention on Climate Change (UNFCCC), along with 65 other organizations, agencies and commissions that it deemed “contrary to the interests of the United States”. It marks the first time any country has ever moved to exit the agreement.
Trump’s memo did not specify whether or not his administration will submit a formal notice of termination to the UN. Read More
The US assault on Venezuela is not an isolated act of aggression but part of a wider geopolitical strategy to control energy, discipline the Global South, and reassert imperial authority. It must be opposed.. This so-called ‘Donroe Doctrine’ is explicitly neo-colonial in its desire to restore US dominance by seizing Latin America’s strategic natural resources and establishing a US-centred supply chain that insulates the US military-industrial complex from China’s growing technological superiority and control of rare-earth minerals.
It has also unleashed US intelligence services throughout Latin America, with human rights organisations and political analysts identifying an increase in US involvement in regional political crises. Read More
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
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Follow us: on Twitter | Instagram
Your Daily Source for Oil, Gas, Renewables & EV Market Insights :
latest oil and gas updates
Sorry, the comment form is closed at this time.