Annual US Crude Production Sets New Record in 2024, But Growth Pace Slows: EIA
The United States pumped an all-time high of 13.3 million barrels per day (bpd) of crude oil in…
Saudi, Argentina, and China Push to Tap Giant Shale Reserves
Over the past decade, the United States has become the world’s biggest crude oil producer and the top…
Despite Delays Suriname’s Oil Boom is Fast Becoming a Reality
It is a long time coming, but the impoverished South American country of Suriname is poised to enjoy…
Is China Moving Into Position To Take Over Iraq’s Key Oil Project From The West?
The Common Seawater Supply Project (CSSP) is the key to unlock massive gains in oil output from Iraq.…
Big Oil’s “Managed Decline” Strategy Masks An Expansion Push
For years, the talk in boardrooms and investor presentations has been about “discipline” and “capital efficiency.” These are…
Vaca Muerta Shrugs Off Frac Cuts With Record Oil and Gas Gains
Argentina’s booming Vaca Muerta shale play isn’t immune to the decline in oil prices and company spending this…
U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of…
bp sells U.S. onshore wind business, continuing pivot back to oil and gas
(Bloomberg) — bp Plc has agreed to sell its U.S. onshore wind business to LS Power, as the…
Union Jack Oil reports resumption of production at Keddington Oilfield
Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that…
Equinor and Partners Approve $2 Billion Fram Sør Project
A new oil and gas project in the North Sea has been greenlit by Norwegian oil major Equinor…
China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply
China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural…
US Rig Continues to Sag amid Rising U.S. Crude Production
By Julianne Geiger – Jun 20, 2025, 12:12 PM CDT The total number of active drilling rigs for…