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Subsea7 Secures Buzios Field Job
Subsea7 has secured a 'super-major' contract for the development of the Bizios 11 field offshore Brazil.
8:00 PM EST | May 05, 2025
GeoPark Exceeds Q1 Production Guidance
The Latin American energy company's pro-forma average daily production in the first quarter reached 36,279 boe, surpassing its initial guidance for the year of 35,000 boe.
8:00 PM EST | April 26, 2025
US Eases Downhole Commingling Policy to Boost Oil Production
The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters.
8:00 PM EST | April 24, 2025
Norway Monthly Gas Output Falls: Preliminary Data
Preliminary official figures showed Norway produced 351.3 million standard cubic meters a day of natural gas in March.
8:00 PM EST | April 23, 2025
MODEC Scores Hammerhead FPSO Job from ExxonMobil
MODEC secured a contract from ExxonMobil Guyana to develop an FPSO vessel for the Hammerhead project.
8:00 PM EST | April 22, 2025
ADNOC Drilling Secures $1.63B Contract from ADNOC Offshore
The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services.
8:00 PM EST | April 19, 2025
Malaysia, Vietnam to Extend Agreements on Border Fields
Petronas and Petrovietnam agreed to extend their production sharing contract and gas sales agreement for the PM3 Commercial Arrangement Area for another 20 years.
8:00 PM EST | April 10, 2025
Aker BP, SLB, Stimwell Extend Alliance for Five More Years
The alliance will work on further accelerating and boosting oil production.
8:00 PM EST | April 03, 2025
Buru Brings on CEFA to Co-Develop Rafael Gas Project in Australia
Buru executed a Strategic Development Agreement with Clean Energy Fuels Australia to co-develop the Rafael gas project.
8:00 PM EST | April 02, 2025
Tamboran, Arafura Sign LOI for Future Beetaloo Basin Gas Supply
Tamboran signed a letter of intent with an Arafura to advance discussions for potential gas supply from the Beetaloo Basin to the latter's Nolans Rare Earth project.
8:00 PM EST | April 01, 2025
BP, Iraq Finalize Deal on Oil Development in Kurds-Claimed Province
Baghdad fully ratified a contract with BP for oil and gas redevelopments and potential exploration in Kirkuk.
8:00 PM EST | March 27, 2025
OMV Petrom, Romgaz Spud First Well in Neptun Deep Gas Project
The state-backed companies launched development drilling in the Neptun Deep gas block on Romania's side of the Black Sea, expecting to start production 2027.
8:00 PM EST | March 26, 2025
Shell Approves Gato do Mato Project Offshore Brazil
The project will produce up to 120,000 barrels of oil a day.
8:00 PM EST | March 24, 2025
Norway Gas Production Up Month on Month
Norway produced 355.1 million standard cubic meters a day of natural gas in February.
8:00 PM EST | March 23, 2025
Naftogaz Eyes British Partnerships to Boost Gas Production
The company is strengthening efforts to help ensure energy security despite continued Russian attacks on critical infrastructure.
8:00 PM EST | March 23, 2025
Raymond James Sees Biggest Crop of New Oil Projects in a Decade
A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade.
8:00 PM EST | March 20, 2025
Eni Raises Gas Supply for Ivorian Power
Eni has increased its natural gas supply for Cote d'Ivoire's electricity generation with new capacity unlocked in the offshore Baleine field.
8:00 PM EST | March 19, 2025
Valeura Boosts Manora Field Production Capacity
The company said its working-interest oil production before royalties in the Manora field in the Gulf of Thailand has increased from 2,144 bpd in December 2024 to 2,866 bpd.
7:00 PM EST | March 05, 2025
BP, Iraq Strike Deal on Oil Development in Kurds-Claimed Province
The agreement targets a production of over three billion barrels of oil equivalent in the initial phase.
7:00 PM EST | February 25, 2025
Kipper Partners to Invest $200MM to Raise Capacity of Aussie Field
The Kipper 1B project 'will bring online much-needed additional gas supply' for the domestic market ahead of winter 2026.
7:00 PM EST | February 24, 2025
Leviathan Partners Seek Israel Approval for Planned Output Capacity Raise
The new plan for the Phase 1B project would grow Leviathan's production capacity to about 812.24 billion cubic feet a year.
7:00 PM EST | February 24, 2025
Norway Raises Estimates for Oil and Gas Resources
Estimated resource volumes on the Norwegian continental shelf rose to 15.61 standard cubic meters of oil equivalent, before accounting for production, as of year-end 2024.
7:00 PM EST | February 23, 2025
Woodside Posts 2P Reserves of 3.09 Billion Boe
The figure is up 46.2 million barrels of oil equivalent from year-end 2023 when excluding divestments and production.
7:00 PM EST | February 19, 2025
Obsidian Energy Boosts Reserves After Peace River Acquisition
'Volume and value increases across all our reserves categories reflect the high level of development activity and success of our 2024 capital program'.
7:00 PM EST | February 06, 2025
Petrobras Ups Proved Reserves in 2024
Petrobras attributed the increase mainly to the progress in the development of Atapu and Sépia fields, and the good performance of its assets.
7:00 PM EST | February 02, 2025
Var Energi Boosts Resources on Exploration Wins
The company attributed the increase to early-phase development projects, lifetime extensions of existing fields and the inclusion of the Neptune assets.
7:00 PM EST | February 01, 2025
Hess Doubles Guyana Oil Output
Hess grew its net oil production in Guyana by 52 percent year-on-year to 195,000 bpd in the fourth quarter of 2024.
7:00 PM EST | January 29, 2025
EOG Wins Two New PSCs in Trinidad
Trinidad and Tobago signed two new production sharing contracts with EOG, which is already producing in the Caribbean country.
7:00 PM EST | January 29, 2025
Petrobras Extends FPSO Cidade de Angra dos Reis Charter
Petrobras extended the charter period for the FPSO Cidade de Angra dos Reis by an additional five years, until 2030.
7:00 PM EST | January 27, 2025
Harbour Expects to Produce Up To 475,000 Boed This Year
Harbour put its 2025 output guidance at 450,000–475,000 boed, reflecting a full-year contribution from Wintershall Dea assets acquired near the end of 2024 and 'broadly stable production in the UK'.
7:00 PM EST | January 23, 2025
Argentina Logs Biggest Energy Trade Surplus since 2006
Argentina is forecast to do even better this year.
7:00 PM EST | January 23, 2025
Santos, Tamboran Eye Project to Supply Darwin LNG Extension
Tamboran and Santos Ltd. signed an agreement to explore the potential of supplying a planned second train at Darwin LNG in Australia's Northern Territory using gas from their EP 161 acreage.
7:00 PM EST | January 22, 2025
Oando Enters Angola with Onshore Award
'Block KON 13 is strategically located in the prolific Kwanza Onshore Basin which represents significant exploration potential in both pre-salt and post-salt plays, with estimated prospective resources of 770 to 1,100 million barrels of oil'.
7:00 PM EST | January 22, 2025
CNOOC Aims to Exceed 2 MMboed in Production This Year
CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping capital expenditure at last year's level.
7:00 PM EST | January 22, 2025
Woodside Sets Annual Production Record despite Q4 Drop
Woodside produced 194 MMboe last year largely thanks to Sangomar.
7:00 PM EST | January 22, 2025
Norway Gas Output in December Slightly Up Month on Month
Norway produced 361.2 million standard cubic meters a day of natural gas last month, 0.11 percent higher than November.
7:00 PM EST | January 21, 2025
OGDCL Ups Pasakhi-7 Well Production, Starts Up Chak 212-1 Well
Production at Pasakhi-7 jumped from 375 bpd to 520 bpd.
7:00 PM EST | January 21, 2025
Naftogaz Posts Higher Annual Gas Production
The Ukrainian state-owned company produced 490.87 billion cubic feet of natural gas last year.
7:00 PM EST | January 20, 2025
KBR Inks New Global EPCM Deal with BP
BP has contracted KBR to deliver engineering, procurement, and construction management services for three years with an option for an additional two years.
7:00 PM EST | January 19, 2025
BP Restarts Gas Platform Hit by Fault in Azerbaijan
Alpha will take a few days to reach normal production and export levels after halting earlier this month.
7:00 PM EST | January 19, 2025
Gas, Coal Production in China at Record High Last Year
Gas surged 6.2 percent to 246 billion cubic meters.
7:00 PM EST | January 16, 2025
Nigeria Plans 2.1 MMbd of Oil Production This Year
Nigeria's upstream regulator is aiming for an oil production of at least 2.1 million barrels a day for 2025.
7:00 PM EST | January 14, 2025
Norway Awards 53 Offshore Hydrocarbon Production Licenses
Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's licensing round.
7:00 PM EST | January 14, 2025
Norway Hits New Annual Gas Production Record
Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.
7:00 PM EST | January 12, 2025
TotalEnergies Starts Construction of $250MM Gas Facility in Iraq
The four-in-one project includes the recovery of gas that is flared at three oil fields in southern Iraq to supply electric power plants.
7:00 PM EST | January 11, 2025
Petronas Approves Hidayah Field Project offshore Indonesia
Malaysia's national oil and gas company made a positive final investment decision on the Hidayah field, part of the North Madura II PSC in the waters of East Java province.
7:00 PM EST | January 09, 2025
Troll Field Offshore Norway Sets New Gas Production Record
The Troll field on the Norwegian side of the North Sea produced 42.5 billion standard cubic meters of natural gas in 2024.
7:00 PM EST | January 07, 2025
Seatrium Scores Kaskida FPU EPC Work from BP
Seatrium has been contracted by BP to deliver EPC work for the Kaskida FPU project in the U.S. Gulf of Mexico.
7:00 PM EST | December 25, 2024
Permian Methane Emissions Fall as Drillers Plug Leaks
Methane emissions plunged 26 percent last year as companies tightened operations and deployed new technology to stop leaks of the potent GHG, according to a study.
7:00 PM EST | December 23, 2024
EnQuest, Partners Win Rights to Develop 155 Bscf of Seligi Gas
As part of the concession, the partners plan to supply around 70 (MMscf) of sales gas.
7:00 PM EST | December 22, 2024