Iran’s IOOC signs two agreements for offshore drilling rigs
The Iranian Offshore Oil Company (IOOC) has reportedly entered into two agreements to acquire advanced offshore drilling rigs…
Kuwait oil production capacity at highest level in more than a decade
Kuwait’s crude oil production capacity has reached 3.2 million barrels per day (mbbl/d), according to the country’s Oil…
Baker Hughes Reports Uptick in U.S. Rig Count
By Julianne Geiger – Jul 18, 2025, 12:13 PM CDT
The total number of active drilling rigs…
OPEC+ to hike July oil production after Trump urges Saudi to increase output
VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude…
No Shortages or Price Hike and a Stable Market
By Surabhi Gupta New Delhi: The crude oil and petroleum product data from India in April 2025 reflected…
US oil production fell to an 11-month low in January, EIA data shows
NEW YORK (Reuters) – U.S. crude oil production fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January,…
U.S. Oil and Gas Rig Count Rises Slightly Despite Uncertainty
By Julianne Geiger – Mar 21, 2025, 12:12 PM CDT
The total number of active drilling rigs…
Record Shale Oil Production and Strategic Debt …
Revenue: $19.3 billion in 2024, marking an 11% annual increase. Adjusted EBITDA: $4.7 billion in 2024, reflecting a…
Kazakhstan’s oil output hits record high in February
Kazakhstan increased its crude oil and gas condensate production to a record high of 2.12 million barrels per…
The dynamics of India-US oil partnership, in 3 charts
Amid threats of reciprocal tariffs by US President Donald Trump, India has reaffirmed its commitment to make the…
Chevron accelerates Kazakh oilfield ramp-up, sources say
(Reuters) -Chevron is speeding up its expansion of Kazakhstan’s Tengiz oilfield, two sources familiar with the plans told…
Demulsifier Market to surpass USD 3.5 Billion by 2034, Says
Selbyville, Delaware , Feb. 04, 2025 (GLOBE NEWSWIRE) — Demulsifier Market was valued at USD 2.5 billion in…