Oil product

Oil Field

Nigeria Says Exxon Commits $1.5b to Deepwater Development

Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, p…

Crude Oil

Kazakhstan Says It Has No Plans to Cut Oil Production This Month

Kazakhstan’s Energy Ministry, based in Astana, has announced that the country will maintain its oil production at an average of 277,000 metric tons of cru…

Oil Field

Mexico’s Pemex Aims to Reopen Wells to Boost Falling Oil Output, Documents and Sources Say

Mexico’s state energy company, Pemex, is planning to reactivate closed wells to increase oil production, according to internal documents and four sources famil…

Crude Oil

US Eases Downhole Commingling Policy to Boost Oil Production

The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro…

Crude Oil

Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd

Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq…

Crude Oil

U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds

In 2024, U.S. crude oil production increased by 270,000 barrels per day (bpd), reaching an average of 13.2 million bpd, according to the U.S. Energy Information…

Oil & Gas Trade

Russia Ramps up Oil Products Supplies to Indonesia

Russia has increased its oil product shipments to Indonesia as it seeks new markets for its exports, according to market sources and LSEG data reported on April…

Oil Field

BW Energy Sets Aside $107M to Boost Production From Brazilian Deepwater Field

BW Energy, listed in Oslo, has approved the final investment decision for the Golfinho Boost project, targeting an additional 3,000 barrels per day of oil produ…

Oil Field

Oil Uplift Coming up Next on Brazilian Field’s Horizon

BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offsh…

Crude Oil

Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target

Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this chan…

Oil&Gas Drilling

Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea

Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone i…

Crude Oil

EIA Raises USA Crude Oil Production Forecast

The U.S. Energy Information Administration (EIA) raised its U.S. crude oil production forecast for 2025 and 2026 in its latest short term energy outlook (STEO),…

Crude Oil

Turkiye’s Daily Oil Production Reaches 132,000 Barrels

Turkiye significantly increased its domestic oil production, reaching a daily output of 132,000 barrels as of March, Turkish Energy and Natural Resources Minist…

Oil&Gas Drilling

CNOOC Starts Production in Luda 5-2 North Phase 2 in Bohai Sea

'CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil'…

Oil&Gas Drilling

CNOOC Limited Brings On-Stream Luda 5-2 North Oilfield Phase II Development Project

CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development …