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      New Oilfield in the Bohai Sea Discovered by CNOOC from China

      Asia Pacific
      China’s top offshore crude oil and natural gas producer, CNOOC Ltd., has gone ahead and announced the discovery of a major new oilfield in the Bohai...

      December Oil And Gas Revenues of Russia to Dip Almost 50%

      Gases
      Falling oil prices along with the strengthening of the Russian currency are all set to slash the oil and gas revenues of Russia by...

      West Texas Intermediate Crude Trades Below Due to Oversupply

      Market Reports
      West Texas Intermediate crude went on to trade sharply lower through December 12, 2025, settling at $57.60 per barrel and also posting a week-to-date...

      Chevron Oil and Gas Investments Define 2026 Capital Strategy

      Downstream
      Chevron has laid out its 2026 capital program, built largely around its core oil and gas investments, with an organic budget of $18 to...

      Oil Prices May Drop into the $30s Per Barrel By 2027

      America
      JP Morgan forecasts that the international oil prices may drop into the $30s per barrel by 2027 because of an overwhelming market oversupply. Goldman Sachs...

      Major Cos. Qualify First Libyan Exploration Bid in 18 Years

      News
      The National Oil Corporation – NOC of Libya announced on November 20 that it is entering its final stage of the first Libyan exploration...

      SM Energy and Civitas Resources Eye Merger Worth US$12.8bn

      America
      SM Energy and Civitas Resources said that they will merge in a deal that is valued at around US$12.8 billion, including debt, thereby creating...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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