Oil prices remain highly favorable, boosting exploration and production activities and driving robust demand for drilling and production equipment. This positive trend enhances the outlook for the ...
FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...
Russian oil production is facing a significant decline due to global sanctions imposed after the invasion of Ukraine, which have denied Russia access to essential Western technology and equipment ...
The U.S. Energy Information Administration revealed its latest U.S. crude oil production forecasts in its January short term energy outlook. The U.S. Energy Information Administration (EIA) revealed ...
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CNOOC starts production at two Chinese oilfield projects
China National Offshore Oil Corporation (CNOOC) has commenced production at the Caofeidian 6-4 Oilfield Comprehensive ...
China’s oil output has risen despite lower prices. PetroChina lifted output ~21% since 2020; CNOOC grew production ~45% since 2021 and Sinopec halted a production decline. Aging fields are being ...
Chris Wright's optimism about US shale production growth is unrealistic. US shale crude oil production is plateauing. Weak production growth in Q4 2024 and adverse weather in early 2025 signal a ...
Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone strikes ...
U.S. August oil production increased by 86 kb/d to 13,794 kb/d, another new high. Texas production has rebounded since the weather-related January 2025 drop. August’s production is essentially the ...
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