Stavanger, centre of the Norwegian oil industry, is still attracting investment cash
Okea IPO hit by market turbulence
Private equity-backed North Sea producer cuts price and reduces share volumes as it makes Oslo Bors debut
Okea, the first of the latest generation of North Sea producers that have attracted significant private equity (PE) cash to go public, had a low-key start in June to its life as a public-traded firm. The company cited "severe volatility and a strong downward spike in the oil price" during the book-building period and "substantial indications of interest below the indicative price range" for a delay in its initial timeframe, revised pricing and a lower volume of shares sold than previously planned. Okea finally debuted on 18 June, having sold around 30pc of its shares in its initial public offering (IPO) at a price of NOK21 ($2.44). The initial plan had been to sell just over 50pc of the firm
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5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
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The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
