Production
The deal targets increased investment and production from one of the country’s largest onshore developments.
The US Energy Information Administration said it expects US crude oil production to stay close to 2025 levels in 2026 before dipping in 2027.
Damage to power distribution systems prompted precautionary shutdowns at two major oil fields.
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Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field. -
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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SPE President Jennifer Miskimins lent her expertise to Science Friday’s conversation about Venezuelan oil, explaining the reality of what it would take to extract and refine it.
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US oil executives say large-scale investment in Venezuela will depend on governance reforms and sustainable legal protections.
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Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.
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The platform brings the field’s installed production capacity to 1.5 million BOPD.
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Field results highlight how rethinking tubing-anchor-catcher design can reduce gas interference and support late-life production.
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Experience in subsurface production and lift design is shaping a new generation of geothermal operations built for reliability and scalability.
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Even as output hits record highs, a growing recognition of the Permian’s maturity is opening the door for new technologies to improve performance.
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Operators are turning to new gas-lift and nanoparticle-fluid technologies to drive up production rates.
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