Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...

China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Also a late-phase operation, Aker BP plans to produce from Ula until latest 2028, when the field’s production license expires ...

Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

For the U.S. major, the project would be a means to reach its production target of 300,000 net barrels of oil equivalent by 2026. The field’s recoverable reserves are estimated at some 480 ...

Global oil demand seen growing by 700,000 to 1.3 mln bpd in 2025 First upward revision in 2025 Brent price forecast since April For table of crude price forecasts, click Jan 31 (Reuters ...

1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.46 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 532.65 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.22 USD ...

but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales. Upstream companies often face significant financial hurdles since drilling and mining ...

concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2. The Falkland Islands Government began a public ...