Production
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.
News
December 15, 2025
Buccaneer Energy is moving ahead with a new waterflood program at its Fouke area assets in Texas, aiming to double or triple recoverable volumes. The plan includes converting two wells for injection, reinstating production at Turner #1, and advancing development work over the next six months.
News
December 11, 2025
DNO has restarted drilling in the Kurdistan region after surpassing 500 MMbbl of cumulative production at the Tawke license. Two rigs will drill eight wells through 2026 as the operator targets increasing gross output to 100,000 bopd across the Tawke and Peshkabir fields.
News
December 11, 2025
bp has started up the Atlantis Drill Center 1 expansion in the Gulf of America two months ahead of schedule, adding 15,000 boed and marking its seventh major project startup of 2025.`
Article
November 2025
How field trials provide new insights into fluid movement, recovery and EOR performance.
Article
November 2025
NOV discusses how real-time, digital ESP management solutions help unlock new levels of efficiency across a well’s production life cycle.
Article
November 2025
The replacement of a problematic pneumatic level controller and valve resulted in significant uptime and throughput savings for a Canadian upstream producer.
News
December 03, 2025
Aramco has started gas production from the first phase of its Jafurah shale project, delivering 450 MMcfd as the company targets 2 Bcfd and major unconventional growth.
News
December 02, 2025
Africa’s upstream sector is gaining investor momentum, with regulatory reforms, new licensing rounds, and gas-focused policies improving above-ground attractiveness across key markets from Angola to Namibia and Nigeria.
News
November 28, 2025
OPEC+ confirmed it will pause planned output hikes in early 2026, citing weakening demand and a looming global surplus. The alliance also advanced a sensitive review of member production capacities—an issue that could reshape quotas heading into 2027.
News
November 28, 2025
Komo Ressources Group has achieved first oil at the Autour field, becoming the first privately held Gabonese operator to bring a new field onstream. The project, located onshore Gabon, reached initial production on Nov. 27, 2025.
News
November 27, 2025
OPEC+ is expected to confirm its plan to pause production hikes in early 2026 amid mounting signs of a supply surplus and softer oil prices. Ministers meet Sunday to finalize the already-agreed policy while also reviewing long-term capacity levels across the alliance.
Article
November 2025
Operators are under mounting pressure to keep subsea equipment reliable in HPHT environments. Pumps, valves and control systems depend on seals, insulators and connectors designed to endure extremes where traditional materials fail. Advances in thermoplastics and harness assemblies are proving that the smallest parts can redefine offshore reliability.
