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ExxonMobil made an oil and gas discovery at the Vicango East-01 well in Block 15 offshore Angola. The well encountered 82 feet of high-quality sandstone reservoir. ExxonMobil operates the block with …
Iraq aims to increase crude oil production to 8–10 million barrels per day within six years. Supported by vast reserves, anti-corruption efforts, and TotalEnergies' $27-billion infrastructure project…
The US total rig count held steady at 588 this week, with active oil rigs rising by 2 to 449. Meanwhile, EIA data showed US crude production increased to 13.862 million bpd. Crude oil prices softened…
Chevron plans to invest $7 billion over five years to double its Venezuelan oil output to 600,000 barrels per day following a U.S.-backed deal. The company gained expanded acreage in the Orinoco Belt…
Exxon Mobil and Chevron are poised to finalize major energy agreements in Venezuela under flexible amended hydrocarbon laws. The historic deal, confirmed by U.S. and Venezuelan leadership, aims to bo…
Chevron, GE Vernova, and international energy firms are nearing final deals with Venezuela under its reformed hydrocarbons law. The agreements allow expanded oil production, field operations, and ene…
Mixed H1 2026 results with revenue up 13% to $261M, but a $4.8M net loss due to unplanned downtime at Stag and CWLH. Strong operational safety and successful refinancing contrast with deferred liftin…
Gulf Keystone Petroleum reported a 26% jump in H1 adjusted EBITDA to $52 million despite major production shut-ins at the Shaikan field. Production is recovering toward 40,000 bpd following restart, …
EOG Resources rallied 14.8% over 12 weeks following strong Q2 results, propelled by a 24.4% surge in production and robust cash flow. Generating $2.8 billion in quarterly free cash flow, the company …
ExxonMobil is cautiously avoiding an immediate return to Venezuela despite encouragement from the U.S. and Venezuelan governments following Maduro's ouster. Major energy firms are leery of past asset…
Baytex Energy outlined its Canadian-focused strategy following its Eagle Ford exit, prioritizing balance-sheet strength, share buybacks, and production expansion in the Duvernay and heavy-oil fairway…
SLB plans to reactivate up to 15 drilling rigs in Venezuela within a year, aiming to boost crude output. While ExxonMobil remains cautious due to investment protection concerns, increased drilling ca…
W&T Offshore posted strong Q2 results, swinging to a net profit of $12.56 million from a prior-year loss. Revenue jumped 32.9% year-over-year to $162.62 million, fueled by higher realized oil prices,…
Oil India Ltd. reported record Q1 FY27 revenue, EBITDA, and profit, driven by higher crude realizations and NRL's exceptional refining margins. Gas production declined due to weak downstream offtake,…
US oil rig counts rose slightly while gas rigs fell, keeping the total unchanged. US crude production hit a new record high. Despite recent daily gains, crude prices remain lower than the previous we…
Exxon Mobil has applied for a new exploration and appraisal program in Guyana's Stabroek Block, planning to drill up to 35 wells between 2028 and 2033. This expansion aims to build upon XOM's record …