Production
News
February 20, 2026
Ecopetrol reported 1.94 Bboe in proved reserves at year-end 2025 and a 121% reserve replacement ratio, driven by enhanced recovery projects and improved field performance across key Colombian assets. The company’s average reserve life now stands at 7.8 years.
News
February 19, 2026
TIPRO has launched the Power Texas program with Arise Energy, offering Texas oil and gas operators access to competitive electricity procurement tools as power demand and electrification drive higher operating costs across the state.
News
February 18, 2026
Expand Energy posted strong fourth-quarter results and is targeting higher gas output in 2026, as the U.S. producer ramps Haynesville activity, boosts cash flow and continues debt reduction while positioning for rising LNG-driven demand.
News
February 18, 2026
Occidental reported strong fourth-quarter 2025 production and cash flow, exceeded output guidance and reduced debt following its OxyChem sale, reinforcing its Permian-focused portfolio and balance sheet strength.
News
February 18, 2026
Venezuela’s oil production could increase by 30%–40% in 2026, or roughly 300,000–400,000 bpd, according to the U.S. energy secretary, as renewed operating licenses and growing international interest support efforts to revive the country’s upstream sector.
News
February 16, 2026
Buccaneer Energy has completed an organic oil recovery pilot at its Pine Mills field in East Texas, reporting increased production and reduced water cut as it evaluates expansion of the enhanced recovery program.
News
February 11, 2026
The U.S. has issued a general license allowing oilfield service companies to resume limited operations in Venezuela, signaling a further easing of sanctions aimed at restoring crude production and rebuilding the country’s oil infrastructure.
News
February 06, 2026
Canadian crude markets are showing signs of oversupply as widening Western Canadian Select discounts, rising storage incentives and increased competition from Venezuela pressure oil sands producers despite expanded export capacity.
News
February 04, 2026
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy.
News
February 03, 2026
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector.
News
February 02, 2026
Namibia’s push toward first oil is being driven by partnerships and dealmaking across its offshore basins. Farm-ins, portfolio reshuffling and joint appraisal programs at Venus and Mopane highlight growing confidence in the country’s deepwater potential as operators work to de-risk projects and accelerate development timelines.
News
February 02, 2026
The Energy Workforce & Technology Council welcomed new U.S. Department of the Interior action aimed at supporting oil and gas production on federal lands, citing workforce and energy security benefits.
News
January 30, 2026
PETRONAS plans to sustain Malaysia’s upstream oil and gas production at around 2 million boed through 2028, supported by continued investment in exploration, deepwater projects and enhanced oil recovery.
News
January 30, 2026
Saudi Arabia recorded its fastest economic growth since 2022 in 2025, driven by higher crude output under OPEC+ supply increases and stronger oil-sector activity.
News
January 30, 2026
ExxonMobil affiliate Imperial will wind down oil production at its Norman Wells operations in Canada’s Northwest Territories by Q3 2026, marking the end of more than a century of production.
News
January 28, 2026
GeoPark has renewed and expanded its crude offtake and prepayment agreement with Vitol, covering 100% of production from key Llanos basin blocks in Colombia and providing access to up to $500 million in flexible funding through 2028.
News
January 27, 2026
A field trial in South Texas demonstrated that an enhanced oil recovery chemistry restored sustained production in a previously non-commercial Olmos formation well, highlighting potential applications for reactivating impaired assets in clay-rich reservoirs.
News
January 26, 2026
Kazakhstan is moving to restore production at the Tengiz oil field after power disruptions, as operator Tengizchevroil works to normalize output and exports.
News
January 24, 2026
Libya has signed a long-term agreement with TotalEnergies and ConocoPhillips to more than double production capacity at the Waha Oil venture, targeting up to 850,000 bpd as foreign operators re-engage in one of North Africa’s largest upstream redevelopment efforts.
News
January 23, 2026
The U.S. is working with Chevron and major oilfield service companies to pursue rapid well repairs and equipment upgrades aimed at lifting Venezuela oil output in the near term.
News
January 23, 2026
SLB closed 2025 with signs of stabilizing upstream activity across global markets. The company is leaning into production optimization, digital growth and offshore developments as it looks toward 2026.
