Petrovietnam plans to invest roughly US$14.23 billion in oil and gas exploration and production during 2026–2030, about 2.3 times the investment made in the previous five-year period, as it seeks to support double-digit growth and maintain domestic energy supplies. The group will prioritise its core exploration and production (E&P) activities, including reserve replacement, production from […]
TotalEnergies is fast-tracking development of its Acacia-5 oil discovery offshore Angola, targeting first production just three months after the discovery while expanding its exploration portfolio with two new operated blocks. Acacia-5 was discovered in June 2026 on Block 17, where TotalEnergies holds a 38% operated interest. The discovery will be developed using available capacity on the existing […]
Deputy Prime Minister and Foreign Minister (DPM/ FM) Senator Mohammad Ishaq Dar on Wednesday chaired a meeting to review the progress of the exploration and production activities in the oil and gas sector
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.