Oil output

Crude Oil

BP Projects 44 per Cent Jump in Oil Output From India’s Largest Field

Global energy major BP (BP.L) has pledged to lift oil production by 44 per cent and gas output by 89 per cent from India’s largest field off its west coas…

Crude Oil

BP Partnership to Boost ONGC Revenue by $10.3 Billion Over 10 Years

ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields.State-owned Oil and Natural …

Nigeria

Seplat to Revive 400 Idle Oil Wells, Set to Hit Over 120,000 BPD After Buying Mobil Assets

Nigeria’s Seplat Energy plans to revive 400 idle oil wells to meet its over 120,000 barrels per day crude production in the coming months, the company’s top m…

Oil Refinery

New Refineries: NNPCL May Cut Crude Supply to Dangote Plant

The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, excep…

Oil & Gas Supply

OPEC+ Wary of Rise in US Oil Output Under Trump

Opec+ members are contemplating a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said.More US oil would fu…

Crude Oil

Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai

Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited&r…

Crude Oil

Venezuelan Oil Output Recedes as Washington Threatens New Sanctions

The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage.Venezuela’s crude pro…

Natural Gas

Suncor Energy to Increase Oil and Gas Output by up to 5 Per Cent in 2025

Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs fro…

Crude Oil

OPEC Says Russia Made Small Cut to Oil Output in November

Russia's crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Count…

Oil Price

UAE to Gain From OPEC+ Decision on Oil Output

The UAE is expected to gain significantly from last week’s Opec+ decision, as the country’s 2025 target level is about 8% higher than its target lev…

Iran

Iran Increasing Oil Output Regardless of US Political Future

Mohsan Paknejad made the remarks on Sunday on the sidelines of the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Tehran, where he told…

Oil Price

SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention

In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surroundi…

Oil & Gas Trade

Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …

Oil & Gas Trade

Exclusive: BP Abandons Goal to Cut Oil Output, Resets Strategy

Vehicles drive past a BP petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing RightsBP (BP.L), opens new tab…

Oil & Gas Supply

Over 40% of US Gulf of Mexico Oil Output Shut-in by Francine

About 42% of crude oil production and 53% of natural gas output in the U.S. Gulf of Mexico were shut-in on Thursday in the wake of Hurricane Francine, the U.S. …