Chevron is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told Reuters, ...

China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the ...

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

Prio, a Brazilian oil company, is in discussions to purchase the remaining 60% stake in the offshore Peregrino oilfield from Norway's Equinor, reported Reuters, citing Brazilian newspaper Folha de S.

Chevron (NYSE:CVX) is accelerating its $48B expansion of Kazakhstan's Tengiz oilfield, raising its production to ~1% of global crude supply, Reuters reported Friday. Expansion of the Kazakh oilfield ...

CNOOC Limited announced on Friday that the Bozhong 26-6 oilfield development project (phase I) has commenced production.

In a report released today, Eddie Kim from Barclays maintained a Buy rating on Liberty Oilfield Services (LBRT – Research Report), with a price ...

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that ...

The reservoir of the Bozhong 26-6 oilfield is buried in metamorphic rocks beneath the seabed at a depth of over 4,500 meters, and its formation temperature can reach 178 degrees Celsius, making its ...

Weatherford International is one of the larger oilfield-services firms in an otherwise hyper fragmented industry. However, in terms of size, it remains some distance from the industry’s Big Three: SLB ...