Production
News
February 03, 2025
(Bloomberg) – OPEC+ declined to alter its existing oil-production plans at a review meeting on Monday, even as President Trump called for lower crude prices. A panel of key members maintained plans to keep a lid on crude supplies for Q1 2025, according to statements.
News
January 31, 2025
(Bloomberg) – Chevron Corp. plans to increase oil production by as much as 10% in the Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.Â
News
January 29, 2025
DEEP Earth Energy Production Corp. (DEEP) has announced a strategic collaboration with SLB to drive the development of Canada's first next-generation geothermal project, located in southeast Saskatchewan.
News
January 24, 2025
The Republic of Congo has set ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd in 2025, with a panel discussion planned for CEIF 2025 to outline the country's production targets.
News
January 24, 2025
The African Energy Chamber is calling for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa’s oil and gas industry.
News
January 24, 2025
Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. The FGP expansion aims to increase crude oil production by 260,000 bpd at full capacity.
News
January 24, 2025
(Bloomberg) – Chevron has completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million bpd by mid-2025. The expansion comes as U.S. President Donald Trump this week said he’ll push OPEC and its allies to lower oil prices.
News
January 23, 2025
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada.
News
January 22, 2025
(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement.
News
January 22, 2025
In an exclusive interview with Energy Capital & Power, Pedro Ribeiro shared TotalEnergies strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin.Â
News
January 21, 2025
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit.
News
January 21, 2025
The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump's swift and decisive action on Day 1 to unleash American energy.
Webcast
Oil & Gas Forecast 2025
February 12, 2025
SLB, NOV
Now in its 99th year, the R8¹ú¼ÊÓéÀÖ Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
Webcast
Electric Shock Mitigation Tool for PMM-Driven ESP Systems
February 19, 2025
Forum Energy Technologies
Permanent Magnet Motor (PMM) ESP systems offer operators attractive advantages over traditional induction motor ESPs. PMMs do, however, pose a significant risk of electric shock to field personnel during installation and retrieval, as well as at various stages of operations.
Introducing FET Multilift Solutions’ ABS MagneGuard, the new, simple, bolt-on downhole tool that addresses all PMM back -EMF (electric shock) risk situations, providing essential, comprehensive protection of field personnel.
News
January 19, 2025
In an exclusive interview with Energy Capital & Power, Josu Jon Imaz, CEO of Repsol, shares insights on the company’s production growth strategy, a nine-well exploration drilling campaign and its involvement in Libya’s upcoming bid round.
News
January 15, 2025
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year.
News
January 14, 2025
(Bloomberg) – Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of forecasts for next year.
News
January 09, 2025
(Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade.
News
January 09, 2025
Energy NL has made a submission to the Government of Canada Gazette 1 consultation process, requesting that the federal government abandon its proposed 'Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations.'
News
January 08, 2025
Enverus has released its list of the most prolific 50 public oil and gas operators in the U.S. based on gross operated production last year. "Oilpatch mergers reshape rankings, but the Permian remains king," Enverus reported.
News
January 07, 2025
(Bloomberg) – South Sudan’s government called for the Dar Petroleum Operating Co. to begin resuming oil output on Wednesday, days after neighboring Sudan — through which crude flows to the coast — reopened the route for exports.