Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel.

Offshore

Oil & Gas 360º

JULY 18, 2025

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4 energy sector.

Oil

Rigzone

JULY 9, 2025

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.

Exploration and Production

Oil & Gas Journal

AUGUST 1, 2025

1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. Total global capex decreased by $500 million in first-half 2025, net production increased slightly to 3.4 US production increased to nearly 1.7 billion but its net production totaled nearly 3.4 Geert De Lombaerde Aug. Chevron Corp.

Exploration and Production

Egypt Oil & Gas

JULY 22, 2025

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.

Natural Gas

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million barrels of oil equivalent) in Triassic reservoir rocks.

Oil

Rigzone

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

Oil

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. feet) deep.

Upstream

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.

Exploration and Production

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. In some mature fields, 10 barrels of water are generated for every barrel of oil produced.

Midstream

Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production

Oil & Gas 360º

JULY 31, 2025

In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.

Energy

Rigzone

JULY 30, 2025

IIN holds numerous licenses in the northern North Sea, the northern Norwegian Sea, and the Barents Sea, and has participated in steady production operations from fields in the North Sea, according to the release. miles (250 kilometers) offshore Darwin in the Northern Territory of Australia, Inpex said.

Exploration and Appraisal

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Shale’s ability to add 4.2

Energy

Oil & Gas Journal

JULY 28, 2025

July 28, 2025 2 min read 95931355 © Alena Redchanka | Dreamstime.com Woodside Energy has let a contract to Weatherford International plc to deliver managed pressure drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico. The FPU and FSO installation contract with SBM Offshore ( OGJ Online, Aug.

Exploration and Production

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.

Exploration and Production

Rigzone

JUNE 16, 2025

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

Rigzone

JUNE 9, 2025

“The Murlach Field Development Project is a really significant North Sea project and to have our slab gate valves playing such a vital part in its operational safety is a great reflection of the trust the industry has in our products,” David Gallagher, Project Director of BEL Valves, said in the release. in [a] GBP 5 million ($6.7

Oil

Rigzone

JULY 29, 2025

Crude and condensate production slumped to 1.63 million barrels per day, down 8.6% As part of the plan, Pemex will open some key oil and gas fields to joint investment projects with private sector partners in a bid to boost production. to develop offshore gas assets. Pemex posted a net income of 59.52 billion pesos ($3.2

Finance

Rigzone

JUNE 23, 2025

The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. The DDCV floats vertically and is nearly 150 feet in diameter, incorporating both drilling and production facilities.

Exploration and Production

Rigzone

JUNE 30, 2025

Image by nielubieklonu via iStock TotalEnergies SE said it has signed an agreement to acquire the 25 percent interest held by Spanish integrated energy firm Moeve, formerly known as CESPA, in Block 53 offshore Suriname. The FPSO is designed to allow the future connection of satellite fields to extend the duration of its production plateau.

Exploration and Production

Rigzone

JULY 15, 2025

Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). million barrels of oil equivalent (MMboe) and 4.9 MMboe, respectively, according to the release.

Exploration and Production

Oil & Gas Journal

JULY 23, 2025

The sanctions package imposes bans on exports of refined petroleum products derived from Russian crude, financial and shipping restrictions, and a dynamic price cap on Russian crude, a report form Rystad Energy noted. Russia, on the other hand, will face significant impacts contingent on peace negotiations," Srivastava said.

Refinery

Valor

JULY 7, 2025

OPEC+ members agree to larger-than-expected oil production hike in August Summary : An eight-nation OPEC+ group, including Russia and Saudi Arabia, agreed to a larger-than-expected 548,000 barrels per day (bpd) production hike for August. per barrel. million barrels. million bpd of voluntary supply cuts.

Energy

Oilfield Technology

JULY 23, 2025

An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas. Already a member?

Spud-in

Oil & Gas 360º

JUNE 11, 2025

sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. The production forecast for next year represents a drop of 120,000 bpd from the agency’s previous projections in May. saying production has already peaked. saying production has already peaked. (World Oil) – The U.S.

Oil

Rigzone

JULY 21, 2025

and Hess respectively last year, Chevron’s purchase of Hess was delayed to 2025 due to arbitration by ExxonMobil and China National Offshore Oil Corp. Hess owns a 30 percent stake in the offshore block, which has placed Guyana among the fastest-growing non-OPEC producers. While both ExxonMobil and Chevron cleared extended U.S.

Exploration and Production

Oil & Gas 360º

APRIL 7, 2025

(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.

Exploration and Production

Oil & Gas 360º

MAY 13, 2025

oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. tariffsnow expects global oil (total liquids) demand growth to average 750,000 barrels per day (bpd) in 2025, a downward revision of 500,000 bpd from the prior outlook.

Crude Oil

Oil & Gas 360º

JUNE 27, 2025

(World Oil) – The Bureau of Ocean Energy Management (BOEM) has published a Proposed Notice of Sale (PNOS) for Lease Sale 262, the first of three offshore auctions in the Gulf of America under the 2024–29 Outer Continental Shelf Leasing Program.

Oil

Oil & Gas 360º

MARCH 19, 2025

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

Oil & Gas 360º

APRIL 14, 2025

bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.

Oil

Oil & Gas 360º

MARCH 25, 2025

(Oil Price) –The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. That would be on top of projected economic value creation of 200 billion pounds, or $258 billion, from domestic oil and gas production.

Gas

Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.

Oil

Oil & Gas 360º

MARCH 13, 2025

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.

Oil

Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

E&P

Rigzone

JULY 23, 2025

Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Var Energi Makes Gas, Condensate Find Offshore Norway by Andreas Exarheas | Rigzone Staff | Wednesday, July 23, 2025 | 10:09 AM EST 'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.

Gas Condensate