Production
News
April 29, 2025
The Republic of Congo's Minister of Hydrocarbons Bruno Jean-Richard Itoua will speak at African Energy Week (AEW) 2025. Congo is preparing to launch its 2025 licensing round 鈥 central to its strategy of increasing oil output from 274,000 to 500,000 bpd by 2027.
News
April 29, 2025
Petro-Victory聽has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Esp铆rito聽Santo聽Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory's strategic financial聽partner.
News
April 28, 2025
U.S. President Donald Trump's desire for lower crude prices and his disruption of the global economy with trade tariffs during the first quarter of 2025 is stressing the oil industry鈥檚 finances, calling into question both shareholder returns and drilling plans.
News
April 25, 2025
LUFKIN Industries has launched its LWM 2.0 with NOVAWAVE鈩 solution to address the unique pressure, friction, and gravitational effects encountered in deviated horizontal wells, allowing operators to maximize production in real-time with validated data.
News
April 24, 2025
The African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia鈥檚 recent oil and gas discoveries into production 鈥 emphasizing the importance of speed, investor confidence and strategic collaboration.
News
April 23, 2025
OPEC+鈥檚 audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+'s quota.
News
April 23, 2025
Last Mile Production, LLC, an independent oil and gas operator in West Texas, has reported transformative results following the deployment of Enovate AI鈥檚 3-Clicks Digital Strategy in collaboration with B4ECarbon鈩.
News
April 21, 2025
(Bloomberg) 鈥 Turkey is planning new oil and gas exploration in Bulgaria, Libya, and Iraq as part of a broader upstream expansion strategy. State-run TPAO is leading efforts to boost regional output and secure international energy deals.
News
April 17, 2025
U.S. crude oil production grew by 270,000 barrels per day (bpd) in 2024 to average 13.2 million bpd, according to a new report from the U.S. Energy Information Administration (EIA). Almost all the production growth came from the Permian region.
News
April 14, 2025
ROGII, a global expert in advanced geosteering and subsurface analytics, has secured a partnership with Petrobras to apply real-time inversion technology to enhance operational efficiency and optimize reservoir performance.聽
News
April 09, 2025
SBM Offshore has signed a sale and leaseback financing agreement for FPSO Cidade de Paraty for $400 million (USD) with a tenor of 8 years. Under the agreement, the special purpose company will transfer ownership to four Chinese leasing companies.
News
April 07, 2025
Striving to increase production and reverse natural declines in mature oilfields, Ghana is promoting new investment across its upstream oil and gas sector through national upstream regulator the Petroleum Commission of Ghana.
News
April 04, 2025
The Railroad Commission of Texas this week released preliminary data on statewide oil and gas production for the month of January 2025. The figures for this month reflect output from 158,555 oil wells and 83,176 gas wells.
News
April 02, 2025
Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipeline is seen as integral to starting production from several fields.
News
April 02, 2025
Colombia鈥檚 state-owned Ecopetrol SA is considering buying Carlyle Group鈥檚 oil driller in the nation as it looks to boost reserves and output. "We were invited to the process and are analyzing the option,鈥 said Rafael Guzman, Ecopetrol鈥檚 VP of hydrocarbons in an interview.
News
April 01, 2025
In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from APPO.
News
April 01, 2025
Cairn Oil & Gas has entered into an agreement with Parker Wellbore to expand operations in India using a high-performance 2000HP drilling rig. Cairn will deploy the rig in Barmer, Rajasthan鈥攖he company's largest onshore producing asset in India, this month.
News
March 31, 2025
PetroChina Co.鈥檚 profit hit record levels last year, as increased production offset lower energy prices. Net income at China鈥檚 biggest oil and gas producer climbed 2% to 164.7 billion yuan ($22.7 billion), according to a filing on Sunday.
News
March 28, 2025
African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets.
News
March 27, 2025
The Railroad Commission of Texas (Texas RRC) reported record-setting volumes in 2024 for both oil and natural gas in the state. "These latest records further demonstrate Texas鈥檚 position as a global leader in oil and gas production,鈥 said RRC Chairman Christi Craddick.
News
March 26, 2025
The addition of the Nguya floating liquefied natural gas (FLNG) vessel is part of the second phase of the Eni-operated Congo LNG project and is expected to increase the project鈥檚 production capacity by 2.4 million tons per annum (MMtpa).