Oil product

Oil Price

OPEC+ Delays Revival of Its Oil Production by 3 Months

OPEC+ 将恢复石油生产的计划推迟了三个月，这是该组织在原油价格因供应过剩而苦苦挣扎之际第三次推迟这一举措。以沙特阿拉伯和俄罗斯为首的欧佩克推迟了一系列增产计划，原定于…

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

OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online

OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as …

Crude Oil

Oil & Gas Decarbonization Charter Publishes Baseline Report To Track Progress On Emissions Reductions

The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductio…

Oil&Gas Drilling

Nostra Terra Gives Update On Its Texas Oil And Gas Production, Operations

Company oil production is currently averaging 120 bopd net, up significantly due to the contribution from the first phase of the planned workover program at Pin…

Oil & Gas Trade

Devon Raises 2024 Projected Production

United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supp…

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 Drilling

Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week

Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX…

Natural Gas

Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output

A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, a…

Oil & Gas Trade

TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins

French oil major TotalEnergies (TTEF.PA), opens new tab expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins i…

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. …

Crude Oil

Bohai Oilfield Posts Record-High Crude Oil Daily Output

A full moon is seen over an oil production platform in Bohai Oilfield, Sept. 29, 2023. [Photo/Xinhua]The daily output of crude oil in Bohai Oilfield, China'…

Oil&Gas Drilling

Gulf of Thailand Development Starts Producing Oil

Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result …

Oil & Gas Trade

Development plan for Exxon's seventh project in Guyana expected in Q1 2025

A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and …

Oil & Gas Trade

Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production

A $120 million agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.Egypt's Ministry of Petroleum and Mineral Resour…