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The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026. -
The agency’s July outlook also showed crude prices holding below $60/bbl for most of 2026. -
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal. -
As US shale potentially stares at a production plateau, operators and service providers are turning to smarter tools to extend the life of aging plays. -
Equinor and Shell plan to launch the joint venture—initially announced in late 2024—by the end of 2025, pending regulatory approvals. -
While militant attacks halted construction at Mozambique’s onshore megaprojects, Eni began LNG exports using a floating production strategy, which now serves as the foundation for its ongoing development. -
Japan’s largest power generator is focused on sourcing Haynesville natural gas production for Gulf Coast export as LNG. -
Secondary and tertiary efforts are critical for sustaining the productive lives of unconventional plays. -
Over a dozen new projects aim to keep US offshore output near 1.8 million B/D through next year. -
Spanish yard will prep the almost 40-year-old FPSO for redeployment opportunities for new owner.