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Repsol, Venezuela Agree Terms for Production Increase
Under the new agreement with the government and state-owned PdVSA, Repsol would grow its Venezuelan gross production by 50 percent within 12 months and triple it over the next three years.
7:00 AM EST | April 19, 2026
Buru Gets New Funding Commitment for Rafael Gas Project
Buru received commitment for a two-tranche institutional share offering that would raise around $3.8 million for the Rafael Gas Project in Western Australia.
6:29 AM EST | April 17, 2026
Gazprom Starts Up New Oil Project at Urengoy in West Siberia
The Russian state-owned company achieved commercial oil production from the sixth block of the Achimov deposits of the Urengoyskoye field in the West Siberian basin.
5:03 AM EST | April 17, 2026
Exxon Lost 6 Pct of Its Global Output
Exxon lost six percent of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf.
10:55 AM EST | April 08, 2026
Aker BP Starts Production at Symra in Norwegian North Sea
Symra represents 'a step into a new part of the Eiga area and a new reservoir type on the Norwegian shelf'.
6:34 AM EST | April 07, 2026
Tamboran Touts Stimulation Results for Another Beetaloo Well
The latest well to be stimulated in the Shenandoah South Pilot Project in the Beetaloo sub-basin onshore Australia's Northern Territory yielded a record average 20-day initial production flow rate of 10.3 million cubic feet a day, Tamboran said.
10:32 AM EST | April 06, 2026
Chevron Resumes Leviathan Gas Production offshore Israel
Chevron and its local partners resumed regular production at the gas and condensate field, weeks after declaring force majeure because of the ongoing war with Iran.
5:01 AM EST | April 06, 2026
BP, ADNOC Approve Harmattan Gas Project offshore Egypt
'The investment, estimated at approximately half a billion USD, will help support and increase natural gas production to meet domestic market needs'.
7:00 AM EST | April 05, 2026
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Focus On: Political & Social Unrest
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DOI Says USA Energy Production Hit Record Levels in 2025
'American energy leadership is a cornerstone of our economic strength and national security', Secretary of the Interior Doug Burgum said.
10:16 AM EST | April 03, 2026
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
11:38 AM EST | March 25, 2026
Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.
11:01 AM EST | March 25, 2026
AEP, SoftBank Ink Deal with US DOE for 10 GW Data Center Power
The mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former gaseous diffusion plant in Pike County, Ohio.
9:00 AM EST | March 23, 2026
Fire Hits Oil Production at Major Libyan Field
The National Oil Corp said a leak-induced blaze that hit the Sharara crude pipeline had cut about half of production at the field, one of Libya's biggest with a declared capacity of 330,000 bpd.
4:43 AM EST | March 23, 2026
Norway Gas Production Down in February
Norway produced nearly 13 billion cubic feet a day of natural gas in February, down month-on-month and year-on-year.
10:09 AM EST | March 20, 2026
Israel Says It Will Spare Iran Energy Sites
Netanyahu also said Israeli forces would help the U.S. attempt to reopen the Strait of Hormuz and that the war would be over faster than people think, in comments that helped calm markets.
3:57 AM EST | March 20, 2026
Higher Oil Prices Lead to More USA Production in EIA Forecast
The EIA noted in its latest STEO that 'higher crude oil prices lead to more U.S. crude oil production' in its forecast.
11:21 AM EST | March 19, 2026
Trump Wants Energy Sites Spared from Attacks
The U.S. president sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fueling concern that a prolonged war will cause lasting damage to oil and gas infrastructure.
5:00 AM EST | March 19, 2026
Eni Approves Indonesia Projects Set to Deliver 2 Bcfd of Gas
Expected to go online 2028, the projects are designed to add up to 2 billion cubic feet a day of natural gas and 90,000 barrels per day of condensate to the Italian state-backed company's production capacity.
7:19 AM EST | March 18, 2026
New Zealand's Waihapa H1 Restarts Production
This is the second announced startup under Monumental's agreement with New Zealand Energy to fund the latter's share of costs for the Waihapa-Ngaere campaign.
10:48 AM EST | March 17, 2026
BP, Eni Start Gas Production at Angola's Quiluma
Quiluma, the Central African country's first non-associated gas project, is expected to ramp up production to up to 330 MMcfd by yearend.
6:04 AM EST | March 17, 2026
US DOE Orders Restart of Santa Ynez Oil Flows
DOE expects the restart, for which it invoked emergency powers, to replace nearly 1.5 million barrels of foreign crude each month.
10:55 AM EST | March 16, 2026
TotalEnergies Raises Production in Lapa offshore Brazil
The field, in the Santos basin, now has a production capacity of about 60,000 barrels per day of oil.
5:12 AM EST | March 13, 2026
Gulf Oil Giants Deepen Cuts
Oil supply cuts in the Middle East are deepening.
11:00 AM EST | March 10, 2026
Woodside, Pemex Start Drilling for Trion Development Project
Targeted to be put into production 2028, the $7.2-billion 'ultra-deepwater' project includes a floating production unit with an output capacity of 100,000 barrels a day.
9:40 AM EST | March 10, 2026
Saudi Arabia Starts Oil Cuts
Saudi Arabia has started reducing oil production as the crucial Strait of Hormuz chokepoint remains at a near-standstill.
10:00 AM EST | March 09, 2026
Santos Greenlights Cooper Basin Infrastructure Upgrade
The project will replace seven aging gas-run compressor stations with one electric compressor station to 'debottleneck upstream infrastructure and unlock future production growth' from the Central Fields.
9:22 AM EST | March 09, 2026
Resource Estimates for Chevron's Aphrodite Raised
The best estimate of contingent gas resources on Cyprus' side of the field, located on the maritime border with Israel, has increased about 4 percent to 3.67 Tcf, according to a commissioned assessment.
8:14 AM EST | March 09, 2026
Monumental Starts Up First Project under New Partnership with NZEC
The Ngaere-1 well in the Waihapa-Ngaere area of the Taranaki basin onshore New Zealand reached initial production, Monumental said, taking the results as encouragement to proceed with entry into additional wells in the area.
7:00 PM EST | March 07, 2026
Chevron Inks 5-Year Deal to Supply Aussie Gas to Horizon Power
Chevron signed an agreement to supply about 14 petajoules of locally produced natural gas over five years to Horizon Power, a power utility serving Western Australia.
7:21 AM EST | March 06, 2026
Equinor Reaches Deal with Canadian Province to Advance Bay du Nord
'Project sanction is targeted for 2027, with first oil expected in 2031'.
4:57 AM EST | March 04, 2026
Chevron Completes Third Gathering Pipeline for Israel's Leviathan
The project has raised Leviathan's gas production capacity to about 494 billion cubic feet a year.
4:21 AM EST | March 03, 2026
Seplat Expects 10 Percent Increase in Annual Output
'We benefitted from successful execution of several key offshore activities that kick-started life for Seplat as an offshore operator, while at the same time delivering onshore production performance that was the strongest in recent memory'.
10:18 AM EST | March 02, 2026
OPEC+ Decides to Boost Production
'There is ... a risk that the OPEC+ decision is moot', Alan Gelder, SVP of Refining, Chemicals and Oil Markets at Wood Mackenzie, said.
7:15 AM EST | March 02, 2026
Israel Pauses Leviathan Gas Production
Chevron declared force majeure at the Leviathan natural gas and condensate field offshore Israel following a suspension order from the government.
6:19 AM EST | March 02, 2026
Aramco Starts Gas Production at Jafurah
The Middle East's biggest unconventional gas field is expected to reach two billion cubic feet per day of gas sales capacity by 2030.
3:03 AM EST | February 27, 2026
BP Goes Big on Shale Oil Drilling
BP Plc is aggressively expanding shale drilling.
3:00 PM EST | February 26, 2026
Slowing USA Shale Growth Has Fracking Companies Finding New Markets
U.S. fracking companies are increasingly sending their idle equipment overseas.
10:47 AM EST | February 25, 2026
BP, Eni Fire Up New Field offshore Angola
Ndungu, part of the Agogo Integrated West Hub Project in the Lower Congo Basin, has a capacity of 60,000 bpd.
6:36 AM EST | February 23, 2026
Norway Gas Output Dips Month on Month
Norway's average gas production of about 13 billion cubic feet a day last month was down 0.9 percent from December 2025 but up 4.8 percent from January 2025.
4:36 AM EST | February 23, 2026
Saudi Oil Catches Up as India Buyers Navigate Russia Sanctions
India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained U.S. pressure to reduce purchases of Russian barrels.
2:24 AM EST | February 20, 2026
Brazos Starts Up New Gas Processing Plant in Midland Basin
Brazos commissioned its biggest cryogenic plant, designed to process up to 300 million cubic feet a day of natural gas in the Midland sector of the Permian Basin.
10:04 AM EST | February 19, 2026
USA Says VEN Oil Output Can Climb 30-40 Pct This Year
The Trump administration recently issued licenses allowing a handful of Western oil firms to operate in Venezuela.
9:47 AM EST | February 19, 2026
Russia Slows Oil Drilling as Funds under Pressure
Russia's oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.
2:44 AM EST | February 19, 2026
Which USA Oil Major Produced the Most in 2025?
Which U.S. oil major produced the most in 2025 - ExxonMobil, Chevron, or ConocoPhillips?
10:30 AM EST | February 18, 2026
Woodside Reports Increase in Reserves
The Australian LNG-focused said its proven and probable reserves grew last year, with three billion barrels of oil equivalent remaining at yearend.
2:25 AM EST | February 18, 2026
EIA Still Sees USA Oil Output Falling Next Year
The EIA is forecasting that total U.S. crude oil production will drop from 2026 to 2027.
6:51 AM EST | February 17, 2026
Some OPEC+ Members See Scope to Resume Hikes in April
Some OPEC+ members see scope for the alliance to resume supply increases in April.
8:56 AM EST | February 13, 2026
OPEC Says Oil Production Declined Last Month
OPEC+ oil production declined sharply last month amid losses in Kazakhstan, Venezuela and Iran, the group said.
9:43 AM EST | February 11, 2026
Russia Crude Output Shrinks
Russia's crude output declined for a second straight month in January.
8:35 AM EST | February 09, 2026
USA Expected to Produce Almost 1/4 of Global Oil Output
The EIA sees U.S. petroleum and other liquid fuels production averaging 23.88 million barrels per day in 2026.
5:40 AM EST | February 05, 2026
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