Estimates of the recoverable oil in the Vaca Muerta have been nearly doubled.

Vaca Muerta recoverable oil estimate is doubled

LatAmOil - Latin America Oil & Gas
By Newsbase 19 August 2026
Argentina has nearly doubled its estimated recoverable oil in the Vaca Muerta shale formation to 30.17bn barrels, up from 16.22bn barrels in 2013

Arabian Drilling signs Oman contract with Masirah Oil for up to four offshore wells

MEOG - Middle East Oil & Gas
By IntelliNews Gulf bureau 19 August 2026
Arabian Drilling Company has signed a contract with Masirah Oil Limited and Northern Offshore Ltd to drill two firm wells and two optional wells offshore Oman, the Saudi-listed drilling contractor announced on August 19.
Output grew 860% between 2020 and 2025 and income per head is now more than three times the global average, according to Our World in Data.

Guyana's oil boom has lifted it past the US on GDP per capita

LatAmOil - Latin America Oil & Gas
By Ben Aris in Berlin 19 August 2026
Six years after its first barrel, Guyana has the fastest-growing income per head in the world - and has overtaken the United States on the measure.

Albania beats EU on renewable electricity but hydropower reliance brings risks

REM - Renewable Energy
By IntelliNews 19 August 2026
Renewable sources accounted for 105.2% of Albania's gross electricity consumption in 2025, Eurostat data shows, with only Norway and Iceland performing better across Europe.
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