OTC Asia 2026

Production

Tupi oil and gas field offshore Brazil reaches 2.6 Bboe of production on 15-year anniversary

Exploration Development
Brazil’s Tupi field reached 15 years of operations and 2.6 Bboe or accumulated production, with seven units in operation. Located offshore Brazil in the...

ConocoPhillips begins oil production from $1.2 billion Eldfisk North project in North Sea ahead of schedule

Downstream
The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia AS, announced successful first oil production on the Eldfisk North Project, in the Greater...

Aramco and Rongsheng explore new opportunities in KSA and China

Exploration Development
Aramco, one of the world’s leading integrated energy and chemicals companies, is exploring the formation of a joint venture in the Saudi Aramco Jubail...

Talos signs $1.1bn deal to acquire US Gulf of Mexico oil producer EnVen

News
Talos Energy has agreed to acquire EnVen Energy, a US-based private operator in the deepwater US Gulf of Mexico, in a deal worth $1.1bn,...

Oil production costs reach new lows boosting deepwater prospects

Exploration Development
A Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50...

BP starts gas production from Qattameya field

Exploration Development
BP has started gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession. Through BP’s joint...

EIA projects $43 oil, flat U.S. production in the first half of 2021

Exploration Development
The U.S. Energy Information Administration reported that a record 12.9 million barrels per day (bpd) of crude oil was produced in the United States...

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White Papers

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

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Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

Don’t Miss the Unconventional Resource Revolution’s Next Wave

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It's s time for operators developing North America's  unconventional oil and gas reservoirs to embrace a new business model. Today, the typical business model...

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