OPEC+ planning further production increase
03/10/2025 by Thomas Clark
Reuters reports that it is likely that it will add some further production at its next meeting.
Kuwait reports higher production capacity
30/09/2025 by Jay Hatton
According to the country’s oil minister, Kuwait’s oil production capacity has risen to its highest level in more than 10 years.
Exxon boss denies Russia return
26/09/2025 by Thomas Clark
Darren Woods, the CEO of ExxonMobil, has denied that the oil major has any plans to
Chevron boss says oil and gas here to stay
24/09/2025 by Daniel Tait
Mike Wirth, the CEO and chairman of Chevron, has predicted that oil and gas will continue to be in demand for the foreseeable future.
TotalEnergies starts building on two Iraq projects
23/09/2025 by Jay Hatton
France-based TotalEnergies has announced the start of construction on two projects aimed at increasing the production of natural gas in Iraq.
BP to investigate drilling five new Mediterranean wells
22/09/2025 by Joel Thompson
UK-based oil major BP has signed a Memorandum of Understanding (MoU) that would see it investigate the potential of drilling five new wells.
ExxonMobil explores crude storage with Iraq
15/09/2025 by Joel Thompson
Iraq’s State Oil Marketing Organisation (SOMO) and oil major ExxonMobil are discussing sites for storing crude oil in order to mitigate any potential future shipping disruptions.
OPEC+ ups production again
12/09/2025 by Thomas Clark
Despite fears of an oil glut in the northern hemisphere, the OPEC+ group has decided to start unwinding the next tranche of voluntary production costs.
US set new oil production record last year
05/09/2025 by Jay Hatton
A record volume of crude oil was produced in the US last year according to the latest Petroleum Supply Annual published by the Energy Information Administration (EIA).
Ithaca upgrades full-year production guidance
28/08/2025 by Daniel Tait
One of the largest independent producers of oil and gas in the UK North Sea, Ithaca Energy, has raised its expectations for this year’s production.
BP brings Argos extension online
25/08/2025 by Thomas Clark
UK-based oil major BP has announced that its extension of the Argos platform in the US Gulf of Mexico has
Brazil produces record amount of oil and gas
21/08/2025 by Richard
According to recently released figures, Brazil produced an average of 4.9 million barrels of