Oil Production

Crude Oil
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, foll…
Indonesia
POSCO International to Invest $862 Mln in Indonesian Palm Oil Business
POSCO International has completed a $862 million investment program to establish a fully integrated palm oil value chain in Indonesia, covering plantations, cru…
Oil Shale
Total Production of China’s Largest Shale Oil Base Hits 20 Million Tons
China’s largest shale oil production base, the Changqing Oilfield in Northwest China’s Gansu Province, has achieved a cumulative output exceeding 20…
Crude Oil
First Oil Flows From Offshore Project in Southeast Asia Ahead of Schedule
Vietsovpetro, the Vietnam–Russia joint venture between PetroVietnam and Zarubezhneft, has achieved first oil production from the BK-24 wellhead platform a…
Oil&Gas Drilling
Equatorial Guinea to Open Its 2026 Oil and Gas Licensing Round in April
Equatorial Guinea will open a new oil and gas licensing round in April 2026 to encourage exploration and offset declining oil production, Minister of Hydrocarbo…
Crude Oil
Russian Oil Output Rises in August, OPEC Data Shows
Russian oil production rose in August to 9.173 million barrels per day, an increase of 50,000 barrels per day compared with July, according to OPEC’s mont…
Oil Shale
Chevron to Boost Vaca Muerta Output to 30,000 Bpd by Year-End
Chevron (CVX.N) announced plans to raise oil production in Argentina’s Vaca Muerta shale formation to 30,000 barrels per day by the end of this year, acco…
Oil Field
New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037
OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, l…
Kazakhstan
Record Sunflower Oil Production in Kazakhstan
Kazakhstan’s oil mills produced 526,000 tons of unrefined sunflower oil during the first eleven months of the 2024/2025 marketing year (September to July)…
Crude Oil
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 mill…
Oil Field
Changqing Oilfield’s Daily Shale Oil Output Surpasses 10,000 Tonnes
On Wednesday, Changqing Oilfield, China’s largest oil-and-gas field, reported a daily shale oil production of 10,006 tonnes, marking a significant milesto…
Biofuel
Biofuel Demand to Soak up More Than Half of US Soyoil Production Next Year, USDA Says
The U.S. Department of Agriculture (USDA) announced on July 11, 2025, that U.S. biofuel producers are projected to use over half of the nation’s soybean o…
Oil Shale
With Output Hikes, OPEC+ Again Targets US Shale Oil
OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S…
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…

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Oil Production

Turkmenistan Expands Oil Production at Uzynada Field

POSCO International to Invest $862 Mln in Indonesian Palm Oil Business

Total Production of China’s Largest Shale Oil Base Hits 20 Million Tons

First Oil Flows From Offshore Project in Southeast Asia Ahead of Schedule

Equatorial Guinea to Open Its 2026 Oil and Gas Licensing Round in April

Russian Oil Output Rises in August, OPEC Data Shows

Chevron to Boost Vaca Muerta Output to 30,000 Bpd by Year-End

New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037

Record Sunflower Oil Production in Kazakhstan

US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says

Changqing Oilfield’s Daily Shale Oil Output Surpasses 10,000 Tonnes

Biofuel Demand to Soak up More Than Half of US Soyoil Production Next Year, USDA Says

With Output Hikes, OPEC+ Again Targets US Shale Oil

Nigeria Says Exxon Commits $1.5b to Deepwater Development

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