Production
News
January 23, 2026
The U.S. is working with Chevron and major oilfield service companies to pursue rapid well repairs and equipment upgrades aimed at lifting Venezuela oil output in the near term.
News
January 23, 2026
SLB closed 2025 with signs of stabilizing upstream activity across global markets. The company is leaning into production optimization, digital growth and offshore developments as it looks toward 2026.
News
January 22, 2026
U.S. crude oil production is expected to stay near its 2025 record through 2026 before declining in 2027, as lower prices slow drilling, EIA forecasts.
News
January 21, 2026
Enverus’ 2025 ranking of the top U.S. public E&Ps shows production becoming increasingly concentrated at the top, with ExxonMobil holding No. 1 and Permian-focused operators widening the gap through scale and consolidation.
Article
December 2025
Following the resumption of federal lease sales, the Gulf of America is re-emerging as a cornerstone of U.S. offshore energy. Predictable leasing, permitting reform, and continued investment position the region to support long-term oil and gas production, workforce stability, and energy security.
News
January 20, 2026
Equatorial Guinea is seeking about $300 million in oil and LNG prepayment deals with commodity traders to help finance upstream operations as production continues to decline.
News
January 15, 2026
U.S. oil producers will need firm guarantees against asset seizures before returning to Venezuela, according to shale executive and Trump ally Harold Hamm, underscoring the geopolitical risks still shaping investment decisions.
News
January 13, 2026
Kolibri Global Energy reported improving early production from new Barnes and Velin wells in Oklahoma’s Tishomingo field, with oil cuts near 83% and Barnes wells outperforming earlier Lovina results on a lateral-adjusted basis.
News
January 12, 2026
Akrake Petroleum is preparing to restart oil production at the Sèmè field offshore Benin in the Gulf of Guinea, targeting first oil in late January 2026. With upgraded offshore facilities in place, the project marks a renewed push to revive legacy offshore production in West Africa.
News
January 09, 2026
Chevron could add up to $700 million a year in cash flow from higher oil production in Venezuela, according to TD Cowen, though analysts expect the company to limit new capital spending until political and fiscal conditions stabilize.
News
January 09, 2026
Independent Petroleum Association of America said U.S. independent oil and natural gas producers remain critical to energy security and local economies, while facing a challenging price environment that complicates capital allocation and long-term investment decisions.
News
December 31, 2025
Venezuela’s oil output in the Orinoco Belt has fallen 25% as U.S. enforcement efforts block exports, forcing PDVSA to shut wells amid limited storage capacity.
News
December 31, 2025
Oil prices finished 2025 with their sharpest annual decline since 2020, as WTI fell 20% amid surging global supply, OPEC+ output increases and record U.S. production. Market watchers expect oversupply to persist into 2026, despite geopolitical risks and upcoming OPEC+ policy decisions.
News
December 31, 2025
Nigeria’s NNPC is preparing to develop new oil fields beginning next year as part of a plan to boost national output and raise up to $30 billion by 2030. The state-owned producer is also weighing divestments of non-performing assets and expects to launch bid rounds early in 2026.
News
December 30, 2025
Venezuela has begun shutting oil wells in the Orinoco Belt as U.S. blockade measures halt crude flows, forcing PDVSA to cut production by an estimated 25% due to storage constraints.
News
December 22, 2025
Invictus Energy has completed the PSA process for its Cabora Bassa project in Zimbabwe, clearing the path for appraisal of the Mukuyu gas field and new exploration drilling.
News
December 19, 2025
Aminex said pipeline construction and upstream work at Tanzania’s Ntorya gas project are advancing, keeping the development on track for first gas in 2026.
News
December 16, 2025
Bonterra Energy delivered its strongest Charlie Lake well results to date, announced a $15.7-million bolt-on acquisition in northwest Alberta, and outlined preliminary 2026 guidance targeting up to 16,400 boed as it continues to scale its core Charlie Lake position.
News
December 16, 2025
ReconAfrica advanced key upstream milestones in 2025, preparing for a multi-zone production test at its Kavango West discovery in Namibia while progressing early-stage exploration in onshore Angola and seismic reprocessing offshore Gabon ahead of a busy 2026 program.
