The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...

A new US Department of Energy survey provides updated data on oil & natural gas production in the CaspianBasin. It shows that ...

Shell has restored oil and gas production from the Penguins field in the UK North Sea with a new floating, production, storage and offloading (FPSO) facility, the UK-based supermajor said on ...

Jan 31 (Reuters) - U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October, the U.S. Energy ...

PE Energy Limited, a leading energy services company has unveiled a new technology, Multi-phase Pump and Systems to end gas flaring and boost oil production in Nigeria. The new technology was ...

Meanwhile, Novak said that Russian oil and condensate production declined by almost 3% to 10.36 million barrels per day last year, while oil exports rose less than one percentage point to 4.82 ...

Brent, the global benchmark, fell by more than 3% in 2024 due to economic challenges in China, and a surge in oil production by the U.S. and non-OPEC nations. U.S. crude is projected to average $ ...

OMV has been granted a permit by the Norwegian Offshore Directorate to drill an oil and gas exploration ... program of $275-310 million to support production of 35,000 boe/d across Colombia ...

The US investment bank Goldman Sachs estimates the proportion of crude oil used for primary materials production to be 45 per cent. Because the crude oil industry has developed hardly at all in ...

Structural changes in the US shale industry, including a focus on efficiency gains and consolidation, are making it difficult to rapidly increase production even with deregulation efforts.

The U.S. Energy Information Administration revealed its latest U.S. crude oil production forecasts in its January short term energy outlook. The U.S. Energy Information Administration (EIA ...

How responsive can we expect the United States’ tight oil production to be to imbalances in world markets? Over what sorts of timescales and at what magnitudes can we expect U.S. production to ...