The upcoming report from EOG Resources (EOG) is expected to reveal quarterly earnings of $2.20 per share, indicating a decline of 19.7% compared to the year-ago period. Analysts forecast revenues of $5.8 billion, representing an increase of 3.9% year over year.Over the last 30 days, there has been a downward revision of 3.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

Core Insights - Eni has announced a significant gas and condensate discovery in Ivory Coast, named Calao South, which confirms the potential of the Calao channel complex and is the second-largest discovery in the country after Baleine [1] Company Summary - Eni operates in Ivory Coast with a 90% stake in Block CI-501, in partnership with state-owned Petroci Holding [1] - The Calao South discovery is estimated to contain up to 5.0 trillion cubic feet of gas and 450 million barrels of condensate, equivalent to approximately 1.4 billion barrels of oil [1] Industry Summary - The output from Baleine, the largest hydrocarbon development in Ivory Coast, is projected to increase to 150,000 barrels of oil and 200 million cubic feet of gas per day with the launch of Phase 3, highlighting its importance for the country's domestic energy needs [1]

NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, announced Zion Oil & Gas, Inc. (OTCQX: ZNOG), an oil & gas exploration company, has qualified to trade on the OTCQX® Best Market. Zion Oil & Gas, Inc. upgraded to OTCQX from the OTCQB® Venture Market. Zion Oil & Gas, Inc. begins trading on OTCQX under the symbol “ZNOG.” U.S. investors can find current financial disclosure and Real-Time Level 2 ...

Core Viewpoint - Cavendish Securities has reiterated a 'buy' rating and a target price of 21.8p for 88 Energy Ltd, emphasizing the enhanced potential of the company's Namibian acreage following positive drilling results in the region [1] Group 1: Exploration Success - The recent Kavango West-1X well, drilled by a separate operator, confirmed significant net pay and hydrocarbon shows, and is now moving towards production testing [2] - The structural trends and carbonate reservoir targets identified are believed to extend into 88 Energy's PEL 93 licence area, indicating a promising exploration landscape [2] Group 2: Confidence in Petroleum System - The results from the Kavango West-1X well significantly boost confidence in the regional petroleum system and support the prospectivity of 88 Energy's eleven mapped leads [3] - The well effectively reduces the risk associated with a comparable play type that 88 Energy is targeting, enhancing the company's exploration strategy [3] Group 3: Future Plans and Market Position - 88 Energy plans to commence an airborne geophysical survey over PEL 93 in the first quarter of 2026, which is expected to improve subsurface mapping and prepare drill-ready prospects [3] - With a market capitalization of £12.2 million and an enterprise value of £7.8 million, 88 Energy remains highly leveraged to exploration success, with the Namibian potential viewed as a key value driver [4]

Core Viewpoint - ATHA Energy Corp. has successfully closed approximately C$63 million in new financing to support the exploration and development of its Angilak Project in Nunavut [1] Financing Details - The financing includes a private placement of USD$25 million (approximately C$34,130,000) in unsecured convertible debentures with Queen's Road Capital Investment Ltd. [1] - Additionally, the company completed a brokered private placement of charity "flow-through" common shares, issuing 28,186,500 FT Shares at a price of C$1.02, resulting in aggregate gross proceeds of C$28,750,230 [1]

Core Insights - Turkey's state-owned energy company, Turkish Petroleum Corp. (TPAO), is in discussions with Chevron Corporation to explore oil and gas resources, aiming to enhance Turkey's domestic energy production [1][10] - The potential partnership would add Chevron to a list of U.S. energy companies collaborating with Turkey, following a previous agreement with Exxon Mobil for exploration in the Black Sea and Mediterranean [2][10] - TPAO's strategy focuses on reducing reliance on imported oil and gas while expanding its role in international exploration [5][16] Collaboration Scope - TPAO and Chevron are evaluating joint work on seismic surveys and drilling, although specific projects remain undisclosed [3] - Chevron's experience in the Mediterranean, particularly in Israeli and Cypriot waters, could be beneficial for projects in geologically complex areas [7][10] Infrastructure and Connectivity - Successful exploration could leverage existing energy infrastructure in the eastern Mediterranean, potentially lowering development costs and timelines [9] - Cross-border pipeline integration would require regulatory coordination among multiple countries, with Turkey's geographic position offering potential links to European gas markets [10][11] Resource Potential - The Black Sea and eastern Mediterranean present distinct geological prospects, each with unique technical and economic challenges [12] - The eastern Mediterranean hosts proven hydrocarbon reserves, and proximity to Chevron's operations could enhance cost efficiency if joint projects proceed [13] Geopolitical Context - The discussions occur amid improving U.S.-Turkey relations, fostering a favorable environment for American energy investments in Turkey [14] - A partnership between TPAO and Chevron would reflect a broader trend of economic and strategic cooperation between the two nations [14] Future Steps - Any partnership would unfold in phases, requiring technical evaluations, regulatory approvals, and effective coordination among stakeholders [15] - The potential deal signifies Turkey's ongoing pursuit of greater energy independence and a more prominent role in regional hydrocarbon development [16]

Core Viewpoint - Angkor Resources Corp. announces that its energy subsidiary, Enercam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells in Block VIII based on seismic data interpretation [1][2]. Group 1: Drill Targets and Geological Insights - EnerCam's technical team has interpreted seismic data covering 350-line kilometers across four subbasins in Block VIII, including the Kirirom subbasin, within a 4095 square kilometer license area [2]. - Dr. David Johnson highlighted the rarity of finding an undrilled fold-belt with multiple large anticlines, indicating significant potential for oil and gas reserves [3]. - The primary traps in the Bokor structures are expected to be located in gently folded seals and reservoirs adjacent to angular unconformities, with potential for multiple gas or oil accumulations in each well [4]. Group 2: Project Advancement and Environmental Assessment - The next step for the project involves conducting an Environmental Impact Assessment on the targeted drilling areas in the Bokor structures [5]. - The structures in the Bokor basin show similarities to the productive Nam Phong and Sinphuhorn fields in Thailand, which have yielded significant gas production over the past 20 years [5]. Group 3: Drilling Plans and Technical Details - Drilling is planned to test two primary objectives in each well, with depths potentially exceeding 3000 meters to evaluate prospective zones [6]. - The identified drill targets include South Bokor (mean area of 57 square kilometers), Central Bokor (mean area of 54 square kilometers), and North Bokor (mean area of 100 square kilometers) [8]. Group 4: Company Overview and Stock Options - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company has granted 250,000 stock options to consultants at a price of $0.35 per share, with a term of 12 months, as part of its Stock Option Plan [9].

Group 1 - Blackstone Inc. is considering a sale of Beacon Offshore Energy, which could be valued at over $5 billion, and is in discussions with investment banks to bring the company to market as early as Q1 [1][2] - Beacon Offshore Energy is expected to attract interest from major producers in the Gulf of Mexico, including Chevron, BP, and Shell [2] - The recent consolidation in the US oil exploration sector has focused on shale operators, while a drilling renaissance is occurring in the Gulf, with Beacon holding some of the most productive wells in the US [3] Group 2 - Beacon Offshore Energy is one of Blackstone's legacy fossil fuel assets, having been formed in 2016 to focus on deepwater drilling in the Gulf, and currently holds interests in 68 deepwater leases across nearly 400,000 gross acres [4] - The company's significant wells are part of the Shenandoah prospect, which was discovered by Anadarko in 2009 but was initially abandoned for easier onshore production [5] - The Shenandoah discovery is located in a challenging drilling area, prompting the development of new oilfield technology by major companies like BP, Chevron, and Shell [6]

Group 1 - BMO Capital raised the price target on Headwater Exploration (CDDRF) to C$11 from C$9.50 [1] - The firm maintains an Outperform rating on Headwater Exploration shares [1] - The Clearwater formation is identified as one of the most economic plays in Canada [1] Group 2 - Headwater Exploration is among the few publicly traded companies with exposure to the Clearwater formation [1]

Core Viewpoint - Eco (Atlantic) Oil & Gas Ltd. is providing an update on its offshore position in Guyana, indicating ongoing developments in its exploration activities in the region [1]. Company Update - The company is focused on oil and gas exploration specifically in the offshore Atlantic Margins, highlighting its strategic positioning in a resource-rich area [1].