News

OPEC to increase oil production from July, International Monetary Fund predicts

April 23, 2024
The fund projects Saudi oil production will reach 10 MMbpd in early 2025, from what’s now a near three-year low of 9 MMbbl. Saudi Arabia says its production capacity is around 12 MMbpd and it’s rarely pumped as low as today’s levels in the past decade.

Vår Energi eyes 2024 production startup of key Johan Castberg, Balder X projects offshore Norway

April 23, 2024

Petrobras carries out oil spill simulations offshore Brazil to obtain Equatorial Margin drilling licenses

April 23, 2024

Eni, Ithaca Energy to combine upstream UK assets to increase UKCS presence

April 23, 2024

Upstream M&A activity hits record $51 billion on backs of Permian shale megadeals, Enverus reports

April 23, 2024

Baker Hughes to supply gas technology equipment for Aramco’s Master Gas System project

April 23, 2024

Oil and gas trade groups call for methane emissions, hydrogen regulation following National Petroleum Council report

April 23, 2024

Shell, TotalEnergies in talks for stakes in ADNOC’s Ruwais LNG plant

April 23, 2024

Halliburton sees best profit in 12 years as U.S. shale drilling activity slows

April 23, 2024

Techouse delivers new sulphate removal unit for FPSO Voyageur Spirit destined for Ivory Coast

April 22, 2024

Petrofac secures $350 million contract to support asset development offshore Equatorial Guinea

April 22, 2024

Petrobras to address domestic offshore demands with $73 billion production, exploration investment

April 22, 2024

SLB enhances performance, operating range with new “breakthrough” artificial lift systems

April 22, 2024

Hanz subsea tie-back begins production in NCS' first re-use of infrastructure, Aker BP reports

April 22, 2024

TotalEnergies to purchase Sapura Energy upstream natural gas assets for $530 million

April 22, 2024

Galp Energia confirms importance of 10 Bbbl Mopane oil discovery offshore Namibia

April 22, 2024

Wildfire near Canadian oil sands in Alberta prompts evacuation alert

April 22, 2024

TotalEnergies launches 100% electrified Marsa LNG project in Oman

April 22, 2024

Petrobras, bp to expand exploration, production ventures with new E&P contract

April 19, 2024

TechnipFMC, Beacon Energy executives to champion offshore energy with new NOIA appointments

April 19, 2024

ExxonMobil’s market value tops Tesla’s on Guyana, Permian production success

April 19, 2024
Previous Next
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.
Subscribe Newsletter Sign Up