OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May.
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (b/d), equivalent to three monthly increments, in May 2025.
McDermott has completed the engineering, procurement, construction, installation, and commissioning (EPCIC) activities in the Gulf of Mexico to begin oil production at Shell's Whale development. The project, award ...
Oman reported a 308,422,100 barrels of oil exports by the end of December 2024, a slight drop from 310,331,200 barrels recorded in the same period last year. The country reached total oil production of 363,288,500 ...
The fourth floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter of 2025, said John Hess, CEO of US oil producer Hess Corporation, dur ...
ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 ...
Egyptian General Petroleum Corporation's Chairman Salah Abdel-Karim has met with Baker Hughes' EVP for Oilfield Services and Equipment, Amerino Gatti, accompanied by his delegation to explore innovative solutions ...
CNOOC commenced production at Bozhong 19-2 Oilfield Development Project with an estimated peak production of approximately 18,000 barrels of heavy crude oil per day. Located in central Bohai Bay, the project has a ...
The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope), Ashraf Bahaa stated that company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that on the ...
Data released by the National Centre for Statistics and Information (NCSI) showed that the total amount of exported oil recorded 178,956,300 barrels at the end of July 2023.
