Búzios Field surpasses the record level of 900 000 bpd of oil
The field is the largest in the country in reserves and the second in production volume.
Browse the latest drilling & production news and articles.
The field is the largest in the country in reserves and the second in production volume.
Surmont, a steam-assisted gravity drainage (SAGD) facility located about 55 km south of Fort McMurray, Alberta, is currently configured to produce Surmont Heavy Dilbit, which is bitumen diluted with condensate.
Chevron expects Vaca Muerta to play a larger role in its portfolio in the coming years.
The Commission is allowing Empire the opportunity to implement a CO2 enhanced oil recovery (EOR) pilot project over the next three years.
Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard ft3 of raw gas and 75 billion bbls of condensate.
In the oil and gas industry, 'Christmas trees' are not a seasonal decoration. They are critical components that make it possible to control and monitor the wellhead and stop the oil flow in an emergency.
The contract was granted following a technical and commercial pre-selection process. It now enters a competitive dual FEED phase, where two separate consortia will propose independent technical solutions.
Lime Petroleum AS is pleased to share that the operator of PL740 Bestla, in which Lime has a 17% interest, has on 4 August 2025, spudded the first of two production wells.
The successful multi-stage job has demonstrated time savings, hands-free operation, and global applicability.
Valmet signs a strategic agreement to deliver valve services to Petrobras in Brazil.
This marks the birth of the first shale oil field in the Sichuan Basin, as well as the first oil field in Chongqing.
The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.