Q4 2024 Management View CEO Anders Opedal announced plans to deliver more than 10% growth in oil and gas production from 2024 to 2027, supported by portfolio optimization and high-value transactions.

A tariff on oil imports could lead to lower production of fuel at those facilities and drive up costs for consumers, analysts ...

Crude oil futures pared previous gains after OPEC+ agreed Monday to maintain its policy of gradually raising oil production starting in April and removed the U.S. Energy Information Administration ...

Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

MOSCOW (Reuters) - Oil production in Kazakhstan reached a daily record high of 278,499 metric tons on Sunday just after it ...

Chevron Corp. affiliate Tengizchevroil started oil production at its Future Growth Project at Tengiz oil field in western Kazakhstan.

BP at one point pledged to cut oil and gas production by 40% by 2030. But it was forced to review the decision after rising costs and lower-than-expected returns. It has since said it would return ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

The chief executive stated that the increase in rig count reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity. A statement by the NUPRC ...

“In the run-up to Covid, the growth [in oil use] was quite broad based; petrochemicals, road transport, jet fuel, everything grew,” says Healy. “Since 2019, petrochemical production has ...

Monthly production output was estimated to have decreased by 0.4% in November 2024; this is the third consecutive monthly fall after decreases of 0.3% and 0.6% in September 2024 and October 2024, ...