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Oil and gas production
Oil Price
Record US Oil and Gas Production Keeps Prices Under Pressure
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…
Oil & Gas Trade
Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit
Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas productio…
Oil & Gas Trade
China's 2023 Oil and Gas Output Hits Record High 390 Mil MT Oil Equivalent
China's combined oil and gas production hit a record high of more than 390 million mt of oil equivalent in 2023, representing an average annual growth rate …
Oil&Gas Drilling
ONGC Initiates Oil Production From Its Deep-Water Asset
ONGC announces the successful commencement of First Oil from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.This 98/2 project is like…
Oil&Gas Drilling
US Oil Output Hits Record as Producers Boost Drilling Efficiency
A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, …
Oil & Gas Trade
North Sea Oil and Gas Giants in £260M Deal
TWO of the North Sea’s biggest operators have agreed a £260m tie-up to boost oil and gas production.Harbour Energy and engineering giant Wood Group …
Oil&Gas Drilling
Eni Begins Oil and Gas Production at Ivory Coast Baleine Field
The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi Acquire Licensing RightsItaly'…
Oil & Gas Trade
IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future
The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says
Energy Giants Pen $4BN Algeria Oil and Gas Contract
The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields.
Crude Oil
CNOOC Adds Oilfields in Brazil
China National Offshore Oil Corp (CNOOC)'s ultra-deepwater pre-salt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top…
Carbon Emissions
Rich Countries Must End Fossil Fuel Production by 2034 to Keep 1.5°C Target Alive
Rich countries must end oil and gas production by 2034 to keep the world on track for 1.5°C temperature limit and give poorer nations a fair chance to replace …
United Kingdom
UK Prime Minister Johnson to Visit Saudi Arabia for Oil and Gas Talks
Boris Johnson will meet Crown Prince Mohammed bin Salman on Tuesday in a bid to have oil and gas production boosted.
Oil & Gas Supply
Elon Musk Calls for Immediate Boost in Oil and Gas Production Amid Russia-Ukraine War
In a tweet, Tesla CEO Elon Musk called for an immediate increase in oil and gas production in the US and globally to compensate for the reduced Russian output. …
Oil & Gas Supply
ADX Energy Increases Austrian Oil and Gas Production
Europe-focused ADX Energy has increased oil and gas output from its Gaiselberg and Zistersdorf fields by 25 per cent in the Vienna Basin, Austria.
Energy Transition
CCC: New Oil and Gas Is Not the Best Protection Against High Prices
The CCC advocates a “tighter limit” on oil and gas production.
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