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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

percent stake during the exploration and appraisal phases. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report. TotalEnergies’ other producing fields in Algeria are the Timimoun gas fields (37.75

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TotalEnergies Farms Into 40 Chevron Exploration Leases offshore US

Rigzone

Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40 percent TotalEnergies) which achieved first production this year, Anchor (37.14

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EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

Oil & Gas 360º

Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska the Nuna and Pikka projects are expected to boost crude oil production in the state after decades of decline.

Crude Oil 130
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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas explorer and producer said in an online statement Monday. The field produces medium crude.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
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Stability Through Strategy: China's Liquids Supply Outlook Through 2026

Energy Central

China’s Oil Production Outlook: Stability Through Strategic Offshore Growth By Alexander Fernandez China remains a key player in global oil markets, maintaining a stable liquids supply through a strategic mix of mature onshore fields and expanding offshore developments.

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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy 67