Production
News
November 04, 2025
Comstock Resources reported higher third-quarter earnings on stronger gas prices and record Haynesville well performance. The company plans to sell its Shelby Trough assets for $430 million, using proceeds to reduce debt and reinforce its Haynesville growth focus.
News
November 04, 2025
bp delivered $7.8 billion in operating cash flow and $2.2 billion in underlying profit for Q3 2025, supported by higher production, improved refining margins and strong upstream reliability. The company advanced six major projects—including new capacity in the U.S. Gulf—and sanctioned its Tiber-Guadalupe development.
News
November 03, 2025
ExxonMobil CEO Darren Woods said Abu Dhabi’s Upper Zakum offshore field may reach its 1.5 MMbpd expansion target ahead of 2030, boosting UAE output.
News
October 31, 2025
ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition.
News
October 31, 2025
Chevron’s third-quarter earnings topped analyst forecasts as the company’s $53 billion Hess acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in Guyana’s Stabroek Block.
News
October 29, 2025
Senegal is ramping up industrialization amid rising oil and gas production from the offshore Sangomar field and GTA LNG project, backed by energy, mining and transport investments to reposition the country as a West African industrial hub.
News
October 29, 2025
ExxonMobil, Chevron, Shell, bp and TotalEnergies are pushing ahead with production growth in 2025–2026 despite falling crude prices and rising OPEC supply. Analysts say the oil majors are taking the long view, investing now to secure future resilience.
News
October 28, 2025
Canadian oil sands emissions increased by less than 1% in 2024 even as production rose 150,000 bpd, S&P Global Commodity Insights reports. Efficiency gains cut greenhouse gas intensity by 3% to 57 kgCO₂e per barrel.
News
October 20, 2025
Kent has been awarded the FEED contract by Al-Khafji Joint Operations (KJO) for the Khafji Desalter and Water Treatment Plant upgrade. The project will sustain 300,000 bpd of crude production and expand treatment capacity to over 500,000 bpd.
News
October 21, 2025
The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands.
News
October 16, 2025
The 2025 Gulf Energy Information Excellence Awards in Houston honored this year's upstream innovators, including SLB, Saudi Aramco, Halliburton, ExxonMobil, Baker Hughes, Oil States, NOV and Reliance Industries. Winners were recognized for advancements in deepwater and drilling technologies, digital transformation, completions and more.
News
October 16, 2025
Perenco CEO Armel Simondin says the independent producer plans to expand into new countries to secure resources and sustain 500,000 bpd of production. The company will maintain $2 billion in annual investment, focus on mature oil fields in Africa, and grow natural gas output through projects like Gabon’s barge-mounted LNG plant.
News
October 15, 2025
TotalEnergies expects third-quarter profit and cash flow to rise up to 5% year-on-year, supported by higher oil and gas production and stronger European refining margins. Hydrocarbon output grew 4% to 2.5 MMboed, offsetting lower crude prices.
News
October 14, 2025
bp said weaker oil trading offset profit gains in the third quarter, though production rose for a second consecutive quarter led by U.S. shale output from BPX Energy. The company is advancing six new upstream projects expected to add 150,000 boed at peak.
News
October 14, 2025
The International Energy Agency forecasts global oil supply will exceed demand by nearly 4 million barrels per day in 2026—its largest annual surplus on record. The build-up, driven by revived OPEC+ output and rising non-OPEC production from the U.S., Brazil, and Guyana, is already visible in tanker storage volumes.
Article
October 2025
Kuwait Oil Company (KOC) is delivering operational excellence and production achievements while building a skilled, motivated and capable workforce that underpins the company’s operational success and Kuwait’s energy future.
News
October 07, 2025
U.S. crude oil output hit a record 13.6 million bpd in July, prompting the U.S. Energy Information Administration to revise its 2025-26 outlook. The EIA now forecasts production will average 13.5 million bpd in both 2025 and 2026, modestly higher than its September forecast.
News
October 07, 2025
Oil prices steadied after OPEC+ announced a modest 137,000-bpd increase for November, signaling continued supply restraint from Saudi Arabia and its allies.
News
October 06, 2025
Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets in Utah, revealing a major upgrade in reserves and resource estimates for the company’s flagship Paradox project.
News
October 03, 2025
OPEC+ has agreed to raise oil production by 137,000 barrels per day in November, signaling a cautious approach as Saudi Arabia and Russia reached consensus after differing on supply strategy.
News
October 03, 2025
OPEC+ members are debating the size of their next oil supply increase, with options ranging from a modest 137,000 bpd to a larger boost. The decision, expected at the November meeting, comes as crude prices trade near four-month lows.
