Production
News
October 03, 2025
OPEC+ members are debating the size of their next oil supply increase, with options ranging from a modest 137,000 bpd to a larger boost. The decision, expected at the November meeting, comes as crude prices trade near four-month lows.
Article
September 2025
International activity is maintaining leisurely growth, while the U.S. continues to lag. Global oil production was up slightly in 2023, with stronger gains in the Americas. Offshore activity is buoyed by continued success in areas like Guyana, Suriname and Namibia.
News
September 24, 2025
Suriname’s government is negotiating with bondholders to delay debt repayments until offshore oil revenues begin in 2028. With TotalEnergies set to tap 760 million barrels of reserves, the economy aims to stabilize finances and attract investment while preparing for its first crude output.
News
September 23, 2025
SLB will acquire RESMAN Energy Technology, adding world-leading tracer and reservoir surveillance solutions to its portfolio. The deal strengthens SLB’s production optimization and recovery capabilities for oil, gas, and emerging CCS projects.
News
September 22, 2025
Angola’s crude oil output rebounded to 1.03 million bpd in August, surpassing the 1 million mark after slipping in July. The government aims to sustain production levels as it prepares a new licensing round—the final under its multi-year concession strategy.
News
September 17, 2025
A new IEA report warns that accelerating oil and gas field decline rates could remove the equivalent of Brazil and Norway’s combined production each year without continued upstream investment, raising concerns for energy security and market balance.
News
September 16, 2025
Aker BP is deepening its partnership with Cognite to deploy Cognite Atlas AI™, advancing its AI-first strategy in exploration and production. By harnessing agentic AI, Aker BP aims to boost efficiency, cut costs, and accelerate digital transformation across operations.
News
September 11, 2025
Production from the Bakken had been expected to rise heading into late 2025 and early 2026, but weaker oil prices and rising competition from Canada have contributed to slower drilling in the region, analysts said.
News
September 10, 2025
Rex International reported August 2025 production of 12,230 boed from assets in Norway, Oman and Germany, led by output from the Brage, Yme and Yumna fields.
News
September 09, 2025
Leading oil and gas operators in Angola, including ExxonMobil, TotalEnergies, Chevron, Sonangol and Cabship, reaffirmed their commitment to advancing Angola’s next phase of oil exploration and production at the Angola Oil & Gas 2025 Conference and Exhibition.
News
September 09, 2025
Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company's producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.
News
September 08, 2025
Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.
News
September 05, 2025
OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices.
News
September 05, 2025
The Republic of the Congo has signed a $23 billion hydrocarbon deal with China’s Wing Wah to develop the Banga Kayo, Holmoni and Cayo permits, aiming to raise national oil output to 200,000 bpd by 2030.
News
September 05, 2025
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
News
September 04, 2025
Angola’s crude output slipped below one million barrels a day in July, threatening state revenues that fund more than 90% of exports. Angola is finalizing a new licensing plan covering 2026 to 2030, which will include both offshore blocks and inland basins, said the head of ANPG.
News
September 03, 2025
Alberta’s oil production rose to a record 4.32 million bpd in July as oil sands companies boosted output from well sites to fill the expanded Trans Mountain pipeline. Output from the oil sands also climbed to a record of 3.67 million bpd, according to Alberta Energy Regulator data.
News
September 03, 2025
Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, as reforms aimed at attracting global capital start to show results.
News
September 01, 2025
Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases.
News
August 26, 2025
Zephyr Energy has completed its $7.3 million acquisition of working interests in accretive, mature proved developed producing (PDP) assets in core Rocky Mountain basins. In addition to the PDP assets, the acquisition includes additional acreage with potential for future development.
News
August 26, 2025
EnQuest along with its joint venture partners and the Government of Indonesia have signed Production Sharing Contracts (PSCs) for the Gaea and Gaea II exploration blocks, located in Papua Barat, Indonesia.
