Production
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.
News
July 16, 2025
SLB has completed its previously announced $7.8 billion acquisition of ChampionX, enhancing its oil production and recovery portfolio. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday by UK's Competition and Markets Authority.
News
July 11, 2025
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency.
News
July 11, 2025
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.
News
July 11, 2025
Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin.
News
July 11, 2025
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country.
News
July 10, 2025
Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland.
News
July 10, 2025
With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices.
Article
June 2025
Petralis Energy Resources deploys low-cost, advanced nanoparticle tracer technology to optimize decision-making for its mature assets in Anderson County, Texas. The simple, non-intrusive solution enabled precise, targeted remediation strategies, enhancing production efficiency and extending asset lifespan.
News
July 08, 2025
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
July 07, 2025
Algeria’s state-owned oil company Sonatrach and Italy’s Eni have signed a 30-year production sharing contract to explore and develop the Zemoul El Kbar region of Algeria. The contract is estimated at a value of $1.35 billion, Sonatrach said in a statement Monday.
News
July 04, 2025
Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. (ATE) have signed a binding memorandum of understanding on July 2, 2025 (MOU) under which Petro-Victory will become a subsidiary of ATE. ATE has agreed to acquire all shares of Petro-Victory.
News
July 03, 2025
Perenco Vietnam and its partners in Block 15-1 have signed a new Production Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the beginning of a new 25-year chapter for the group in the country.
