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Barents Sea

  • Jun 18

    Orlen buys 20% stake in Norway's Goliat field, adding 58 million barrels of oil equivalent to its reserves

    Poland's Orlen has finalised the acquisition of a 20% share in the producing Goliat oil and gas field in the Norwegian Barents Sea, the company announced on 18 June 2026. The deal with Vår Energi increases Orlen's Norwegian reserves by 15% and sets the stage for a threefold rise in its share of output by 2030.

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Today’s Brief

Ceuta drowns, yen gets help

Europe quarrels over Ceuta as Trump pauses Iran strikes and drought hits reactors

Borders, rivers and currencies did most of the moving overnight. Europe argued over Ceuta, Washington and Tehran traded incompatible claims, and drought pushed old energy assumptions into the open.

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World · Updated 39m ago

The war in Ukraine and its limits

Ukraine conducted one of its largest long-range drone operations, striking multiple targets deep inside Russia, while Russia sharply intensified its missile attacks on Ukrainian urban centers, doubling missile numbers in July.

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