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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.

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EIA expects decline in U.S. production this year from previous forecast

Permian Basin Oil and Gas Magazine

Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. crude oil production will decline from an all-time high of just over 13.4 million b/d in both 2025 and 2026.”

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Chevron to cut nearly 800 jobs in Texas Permian basin

Oil & Gas 360º

(World Oil) –Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevron is undergoing one of the biggest restructurings in its modern history and announced plans to reduce its global workforce by as much as 20%, or 9,000 people, by the end of 2026.

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Permian Basin growth fuels ExxonMobil’s quarterly success

Oil & Gas 360º

billion of share repurchases, consistent with its annual $20 billion share-repurchase program through 2026. Exxons shareholder distributions came in at $9.1 billion in the first quarter, including $4.3 billion of dividends and $4.8

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Talos Energy announces enhanced corporate strategy

Oil & Gas 360º

We anticipate a shift in the global exploration and production market, with offshore basins expected to play an increasing role in global oil production. Talos will invest in high-margin organic projects, complemented by disciplined, accretive bolt-on acquisitions in deepwater basins, which will enhance production and profitability.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5 Oil production has jumped this year after hitting a record 13.2 Almost all of the production growth has come from the Permian Basin region. Due to market conditions and fluctuations in oil prices, U.S.

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S&P Global forecasts declining U.S. crude oil production next year

Permian Basin Oil and Gas Magazine

crude oil production next year. A combination of slowing global oil demand fueled by uncertainty over U.S. oil production later this year and could lead to an annual decline next year. million b/d in 2026 for a decline of 130,000 b/d. million b/d in 2026 for a decline of 130,000 b/d.