2027 Barrel Exploration and Production 
Rigzone
JUNE 9, 2025
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. Smart Oil Investment Ltd.
Oil Gas Leads
APRIL 29, 2025
Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion in reserve equivalent to $10 per barrel of oil price sensitivity.
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Oil & Gas 360º
APRIL 23, 2025
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
Rigzone
JUNE 6, 2025
“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.
Rextag
MAY 8, 2025
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability.
Rextag
MARCH 3, 2025
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million barrels per day by 2030.
Oil & Gas 360º
MARCH 27, 2025
oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. million barrels per day (bpd), a record level and nearly half the all-time high 13.5 We think that between 2027 and 2030 its likely that the U.S.
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