Production
News
August 26, 2025
Zephyr Energy has completed its $7.3 million acquisition of working interests in accretive, mature proved developed producing (PDP) assets in core Rocky Mountain basins. In addition to the PDP assets, the acquisition includes additional acreage with potential for future development.
News
August 26, 2025
EnQuest along with its joint venture partners and the Government of Indonesia have signed Production Sharing Contracts (PSCs) for the Gaea and Gaea II exploration blocks, located in Papua Barat, Indonesia.
Article
August 2025
I asked AI to tell me about sand control in oil wells. While I don’t trust AI with certain questions, especially for seeking an opinion, I had no argument about its accuracy with this straightforward “what is” question:
News
August 22, 2025
Angolan oil producer Etu Energias is pursuing accelerated oil production in Angola, with advancements in onshore exploration and offshore development positioning it to achieve its 80,000 bpd goal.
News
August 15, 2025
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion barrels over the past year, even though 30 billion barrels were produced globally in 2024.
News
August 14, 2025
Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits resulting from lower oil prices.
News
August 13, 2025
Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.
News
August 08, 2025
Ammat Global Resources has announced an ambitious growth strategy for exploration and production in the Republic of Congo, aiming to increase the company’s oil and gas output by 70% over the next five years.
News
August 08, 2025
Brazil’s state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures.
News
August 06, 2025
The Mexican Association of Hydrocarbons Companies (AMEXHI) has released a statement celebrating the effort of the Federal Government and its energy and finance institutions to develop the Strategic Plan for the Strengthening of Petróleos Mexicanos (Pemex).
Article
July 2025
A year ago, the Suriname-Guyana basin’s outlook for hydrocarbons seemed straightforward: "deploy one FPSO annually, exceed nameplate capacity, and repeat." However, there are non-hydrocarbon factors that today could significantly influence the region, even before Suriname’s first oil.
News
August 05, 2025
Oil supply growth from non-OPEC producers will stall in early 2026, while demand remains robust, according to bp Plc CEO Murray Auchincloss. Non-OPEC supply has been driven in recent years by nations including Guyana and the U.S., Auchincloss said.
News
August 05, 2025
The replacement of a problematic pneumatic level controller and valve resulted in significant uptime and throughput savings for a Canadian upstream producer.
News
August 01, 2025
Chevron will hand over a percentage of its Venezuelan production to the local government under new terms negotiated after receiving a license to restart operations in the South American nation, according to people with knowledge of the matter.
News
July 31, 2025
The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited.
News
July 30, 2025
Woodside will assume operatorship of ExxonMobil's Bass Strait assets in a historic deal that will unlock additional gas resources in Australia. As operator, Woodside will oversee asset planning, execution and production-boosting strategies.
News
July 30, 2025
Petrobras posted a 5% rise in oil and gas production in Q2 2025 compared to Q1, a performance the company attributes to the ramp-up of several FPSOs. This quarter, Petrobras also reported the start-up of 14 new producing in the Campos and Santos basins.
News
July 29, 2025
Enverus Intelligence® Research (EIR) has released a report accessing how the One Big Beautiful Bill Act (OBBA) impacts the equalization of 45Q tax credits, especially as it enhances the economics of carbon dioxide enhanced oil recovery (CO₂-EOR.)
News
July 18, 2025
Ghana’s oil and gas sector is showing signs of resurgence, underscored by Eni’s recent declaration of commerciality for the Eban-Akoma offshore development, and the recent license extension secured by Tullow Oil and partners for the Jubilee and TEN fields.
News
July 17, 2025
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation," said Bruce Niemeyer, who heads up Chevron's shale business.
News
July 16, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) has spoken out condemning attacks on oil production sites operated by APIKUR member companies in Iraq’s Kurdistan Region that occurred on July 15 and July 16, 2025.
