China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south Bohai Sea.
TotalEnergies SE and its partners have started up the Lapa Southwest project, increasing production capacity in the Lapa field in the Santos basin offshore Brazil to about 60,000 barrels per day (bpd) of oil.
Mabrouk oilfield has increased production to 25,000 bopd following the commissioning of a new early production unit, Libya’s National Oil Corporation (NOC) announced on Sunday.
Buccaneer Energy has completed a pilot program testing organic oil recovery (OOR) technology at its Pine Mills field in East Texas, reporting improved production and reduced water cut in the treated area.
Vista Energy increased reserves and production through acquisitions and new wells online in Argentina’s Vaca Muerta basin.
Iraq’s Ministry of Oil announced the full operation of new refineries at 100% production capacity. Officials said the move marks a major shift in producing high-quality refined fuels.
Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records.
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.
Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared to the second quarter. Marketing adjusted earnings, as well as trading in the chemicals and fuels divisions, are also set to be higher than in Q2, said the supermajor, which reports full Q3 earnings on October 30.
“The rapid ramp-up to peak production at the Jotun FPSO, alongside strong performance across our portfolio, puts us on track to meet our production target of around 430,000 boed in the fourth quarter of this year”, chief executive Nick Walker said in the statement.