The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final ...

Market rallies, tariff pauses, and China deals and resets notwithstanding, the Trump administration presents clear and ...

ERBIL, Kurdistan Region - Turkish President Recep Tayyip Erdogan said on Friday that the Mount Gabar field in the Kurdish-majority southeast has produced nearly $2 billion worth of oil.

The Búzios Field in the Santos Basin, the largest ultra-deepwater facility of that kind worldwide, produced 1 billion barrels of oil in March, the state-owned company Petrobras announced this ...

The Murban oil field is one of the largest and most important oil fields in Abu Dhabi and is operated by the Abu Dhabi National Oil Company (Adnoc). Murban oil is exported to various countries ...

Production from the Tapti oil fields ceased in March 2016. Contracts were awarded to Indian companies Larsen and Toubro (L&T) for offshore execution and g (CLSPL) for onshore dismantling.

NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices.

The president’s tariffs are meanwhile driving up costs in U.S. oil fields, leaving firms hesitant to invest in expanding production. “It is truly affecting everybody,” said T. Grant Johnson ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June. OPEC+, a grouping led by Saudi Arabia and Russia, over the ...

The winners of the 2025 World Food Photography Awards, sponsored by Bimi®, have just been announced. Nearly 10,000 entries ...