US crude oil inventories for the week ended Feb. 7 increased by 4.1 million bbl from the previous week, according to EIA data ...

Aker BP has guided 2025 production of 390,000-420,000 boe/d on an expected capital expenditures budget of $5.5-6 billion, in ...

On Feb. 11, Petrobras signed an MoU with state-owned Oil India. The two companies will seek collaboration in areas of common interest in India's offshore area.

Petrobras has signed a framework contract with state-owned Bharat Petroleum Corp. Ltd. to supply up to 6 million bbl/year to India beginning in 2025.

TotalEnergies signed a long-term agreement to supply state-owned Gujarat State Petroleum with 400,000 tons of LNG.

Sinu-9 covers 311,353 acres in Sinú-San Jacinto (SSJ) basin in the Lower Magdalena Valley, 75 km from Colombia’s Caribbean coast. It has been permitted to drill 22 wells from ...

The Poseidon joint venture will now advance the test phase to provide insights under varying CO2 injection conditions.

When the deal closes, UEG's gross production in Egypt in 2024 will reach 39,000 boe/d, putting the company among the top 10 ...

Exploration well 7220/7-CD-1 H is expected to be drilled with the Transocean Enabler semisubmersible drilling rig in April ...

The oil fields, with fully operational production infrastructure, comprise 38,301 acres onshore Brazil, Potiguar basin, adjacent to Petro-Victory's existing assets. Current production is 250 b/d “with ...

CGX Energy and Frontera Energy are assessing all legal options to assert rights to the Corentyne block in Guyana after the Guyanese government cancelled the petroleum ...

ConocoPhillips’s earnings were down year-over-year, but increased production. For 2025, the company expects production to ...