Markets

CNOOC Ltd. executed an intensive development campaign in 2025, announcing 15 total upstream startups by late Dec.

By late Dec. 2025, the global oil market is bracing for a historic supply-demand imbalance.

The global energy market is entering a pivotal transition in 2026, characterized by a structural shift toward oversupply.

OPEC+'s recent decision for a

The US oil market is currently facing a tension between immediate weak market signals and aggressive long-term supply policy.

The US Gulf of Mexico (GoM) is undergoing a policy-driven

The US state of California's aggressive environmental policies are driving a structural contraction of its energy sector, leading to record-high fuel prices and increasing import reliance.

Equinor Energy AS, a public limited company that is majority-owned by the Norwegian state (with a 67% stake), is maintaining an aggressive focus on maximizing resource recovery and extending the production life of its assets across the Norwegian Continental Shelf (NCS).

The African energy sector is undergoing a strategic realignment as major International Oil Companies (IOCs) implement dual strategies of divestment from mature, complex onshore operations (like the Bonga field in Nigeria) and increased investment in high-potential offshore gas and new exploration frontiers (such as Namibia).

The OPEC+ alliance is heading into a crucial meeting grappling with two simultaneous pressures: the near-term threat of a swelling global supply surplus and the thorny internal challenge of setting realistic long-term capacity quotas.