Venture Global Inc. VG, a U.S.-based producer and exporter of natural gas, has signed a long-term sales and purchase agreement (SPA) with PETRONAS LNG, a subsidiary of the Malaysian state-owned energy ...

Sable Offshore Corp. has restarted offshore oil production 10 years after the operation was shuttered following a major oil spill along Santa Barbara's coast.

GEORGETOWN, April 15 (Reuters) - A consortium led by U.S. oil major Exxon Mobil (XOM.N), opens new tab is about to begin installing its fourth floating oil production facility in Guyana, the South ...

Discover why US shale oil production faces challenges ahead, with plateauing growth, weather impacts, and potential production drops at $50/bbl WTI. Click for more.

The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a ...

Shell expects the site to produce the equivalent of 100,000 barrels of oil a day at peak output. In total, officials estimate the Whale development has access to about 480 million barrels of oil ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone ...

In 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the country’s position as the world’s top oil producer.

The vessel, which boasts initial production capacity of 17, 000 barrels per day before increasing its capacity to 30,000 bpd, will complement OERL’s existing production facilities at the field.

That figure marked an 8.5 percent year on year increase and 15.6 percent of global crude oil and condensate production in 2023, according to the review, which outlined that, from 2013 to 2023, U.S ...

World oil production decreased by 765 kb/d in April to 81,764 kb/d. April Non-OPEC oil production decreased by 639 kb/d to 52,833 kb/d. Click to read.

Azerbaijan will get a welcome earnings boost from BP’s announcement that it has launched production at a new $6-billion facility in Azerbaijan’s giant Azeri-Chirag-Gunashli oil field. The upgrade can ...