Key Takeaways APA announced a major gas discovery in Egypt's Western Desert at the SKAL-1X well.APA reported initial output near 26 MMcf/d gas and 2,700 barrels/day condensate from tests.APA benefits from proximity to infrastructure, lowering costs and speeding development timelines.APA Corporation (APA) has announced a significant natural gas discovery in Egypt’s Western Desert, marking another step forward in the country’s efforts to enhance domestic energy production and reduce reliance on imports. The f ...

Equinor has begun drilling operations at the Raia gas project in the pre-salt region of Brazil’s Campos Basin, with production targeted for 2028. Drilling operations began this week, with the Valaris DS 17 drill-ship carrying out this phase of the campaign. The development lies approximately 200km offshore in water depths of around 2,900m and will involve six wells. Raia is among Brazil’s largest ongoing natural gas projects, with recoverable reserves surpassing one billion barrels of oil equivalent (b ...

USA | Chemicals Equity Research March 19, 2026 The Bullwhip: Two Scenarios For The Iran War Oil Shock Two of the most common investor scenarios--the short war with quick normalization and the extended conflict with a structural surge in energy costs-- imply very different bullwhip effects both in the near-term and into 2027-2028. Q1 earnings calls should give a sense for the degree to which companies are favoring one scenario, with implications for both volume and FCF conversion dynamics. An Extended Shock ...

Calgary, Alberta--(Newsfile Corp. - March 17, 2026) - Cobra Venture Corporation (TSXV: CBV) ("Cobra") and Robinson Energy Limited (the "Corporation" or "Robinson") are pleased to announce that they have entered into a definitive agreement dated March 17, 2026 (the "Agreement"), with respect to the previously announced reverse takeover transaction (the "Transaction"). Pursuant to the Agreement, Robinson and a wholly-owned subsidiary of Cobra ("Cobra Subco") will amalgamate to become a wholly-owned subsidiar ...

Core Insights - Eni has announced two significant gas discoveries in Libyan waters, estimated to contain over one trillion cubic feet (tcf) of gas [1][2] - The discoveries were made at Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), located approximately 85km offshore [1] - The gas is intended for domestic use in Libya and export to Italy, with integration into existing production systems expected to be swift due to proximity to current infrastructure [2] Company Overview - Eni has been operating in Libya since 1959 and is a major international player in the region, with projected equity production of around 162,000 barrels of oil equivalent per day by 2025 [4] - The company is currently executing three developmental projects, with two expected to commence this year [4] - Eni operates the Bahr Essalam gas and condensate field through a joint venture with the Libyan state-owned National Oil Corporation (NOC) [3] Exploration and Production Details - The gas was discovered within the Metlaoui Formation, which is recognized as a key reservoir in the region [2] - Drilling operations were conducted at depths of approximately 650ft, validating the productive capacity of the reservoir through well tests [2] - The Bahr Essalam field is Libya's largest offshore production site, with production having started in 2005 [3]

Core Insights - TotalEnergies anticipates the first gas from the expansion of the Absheron gas and condensate field in Azerbaijan to commence in September 2029 [1][4] Group 1: Project Overview - The Absheron Full Field Development Project aims to enhance production by adding three subsea wells and a 143-km-long multiphase production pipeline to transport raw well fluids to an onshore Central Processing Facility (CPF) [2] - The CPF will separate gas and liquid phases, conditioning the gas to meet the South Caucasus Pipeline (SCP) entry specifications, with an export capacity of 450 million standard cubic feet per day (MMscfd) of gas and 38,000 barrels per day of unstabilized condensate [3] Group 2: Market Context - Azerbaijan's natural gas is becoming increasingly valuable in global markets, especially in light of Qatar's production shutdown at the world's largest LNG complex and geopolitical tensions affecting the Strait of Hormuz [5] - In 2025, Azerbaijan's natural gas production is projected to increase by 2.4% compared to the previous year, highlighting its role as a key supplier to Europe [5] Group 3: Production Statistics - In the previous year, the Shah Deniz field produced 27.9 billion cubic meters (bcm), the Azeri-Chirag-Gunashli (ACG) fields contributed 14.1 bcm, and the Absheron field yielded 1.6 bcm, with SOCAR accounting for a total of 7.9 bcm of gas production [6]

Core Insights - TotalEnergies plans to commence production from the second phase of the Absheron gas field in Azerbaijan on September 1, 2029 [1][2] Group 1: Project Details - The Absheron gas field is located approximately 100 kilometers (62 miles) southeast of Baku [2] - The first phase of development began production in July 2023, targeting an output of around 4.2 million cubic meters of gas per day and approximately 12,800 barrels of condensate [2] - The second phase is expected to achieve peak daily gas production of about 12.7 million cubic meters and condensate production of around 35,000 barrels per day [3] Group 2: Field Characteristics - The Absheron field, discovered in 1960, is estimated to contain around 350 billion cubic meters of gas, making it the second-largest gas field in the Caspian Sea after the Shah Deniz gas field [3] - The development agreement for the Absheron field was signed in 2009, with TotalEnergies and SOCAR each holding a 35% stake, while the remaining 30% is owned by Abu Dhabi National Oil Company, which joined the consortium in August 2025 [4]

Core Insights - Equinor ASA is recognized as one of the 12 Best Large Cap Energy Stocks to Buy Now [1] Company Overview - Equinor ASA is an international energy company based in Norway, employing over 25,000 people across approximately 20 countries [2] Recent Discoveries - On March 10, Equinor announced the discovery of oil in the Troll area and gas and condensate in the Sleipner area in the North Sea. The Troll's Byrding C prospect is estimated to contain between 4 million and 8 million barrels of oil equivalent (boe), while the Sleipner discovery is estimated to hold 5 million to 9 million boe [2][3] - Both discoveries are deemed commercial and are located in regions with established infrastructure for export to Europe [3] Ownership and Operations - Equinor holds a 75% stake in the Byrding C prospect and a 58.3% stake in the Sleipner field, and it operates both sites [3] Production and Capital Expenditure Plans - The company aims to increase its production by 3% by 2026, following a record high production level. The capital expenditure (CapEx) guidance is set at $13 billion for 2026 and $9 billion for 2027 [4]

Core Insights - Equinor has made two significant hydrocarbon discoveries in the North Sea, emphasizing the importance of near-field exploration for sustaining production in mature areas of the Norwegian continental shelf [1] Group 1: Discovery Details - The first discovery, Byrding C, is located in the extended Troll area and is estimated to contain 4–8 million barrels of recoverable oil, with development likely utilizing existing infrastructure [2] - The second discovery, Frida Kahlo, is estimated to contain 5–9 million barrels of oil equivalent of gas and condensate, with plans to bring it into production as early as April [3] Group 2: Exploration Strategy - Equinor's strategy focuses on near-field exploration around existing production hubs, with a success rate exceeding 70% in the extended Troll area since 2018, having drilled 26 exploration wells resulting in 19 discoveries [4] - The Sleipner area has seen a recent cluster of discoveries, with the last four exploration wells encountering gas and condensate, estimated to have combined resources of 55–140 million barrels of oil equivalent [5] Group 3: Infrastructure and Market Context - Sleipner serves as a major hub for gas exports from Norway to Europe, processing hydrocarbons from several fields and transporting gas through pipelines to key European terminals [6] - Extending the life of infrastructure in mature basins is increasingly important as Europe relies on Norwegian gas supplies amid reduced Russian pipeline deliveries [7]

Core Insights - Equinor ASA has made two new hydrocarbon discoveries in the North Sea, specifically in the Troll area and the Sleipner hub, both of which are commercially viable [2][8] Discovery Details - The Byrding C oil discovery in the Troll area is estimated to hold approximately 4-8 million barrels of recoverable oil reserves, located nearly five kilometers northwest of the Fram field, with Equinor holding a 75% stake in the production license [3][8] - The Frida Kahlo discovery in the Sleipner license is estimated to contain about 5-9 million barrels of oil equivalent (boe) of gas and condensate, with production planned to start in April [4][8] Strategic Importance - Near-field discoveries are essential for maintaining steady energy deliveries from the Norwegian Continental Shelf, allowing Equinor to leverage existing infrastructure and reduce production timelines [5][6] - The Sleipner area is crucial for Equinor's gas exports to Europe, and the company plans to drill three more exploration wells and two production wells in the area this year due to encouraging results from its exploration program [6]