Oil Production News

Saudi Arabia's crude oil exports dropped to their lowest level since 1990 last month, reaching 6.2 million barrels per day. This significant decline is attribut

OPEC Plus has decided to maintain current oil production levels following renewed military strikes between the U.S. and Iran in the Persian Gulf.

Venezuelans hope for free and fair elections, but the US may prioritize oil production in its 'historic' deal, raising questions about the interplay of oil and

Democratic Senate hopeful Mary Peltola is campaigning on expanded oil production in Alaska, despite a past record in Congress where she urged colleagues to vote

Chevron plans to invest over $7 billion in Venezuela to double its oil production through joint ventures to approximately 600,000 barrels per day within the nex

Chevron, the sole US oil company operating in Venezuela, plans a $7 billion investment to double its oil production. This follows the company receiving addition

Chevron has committed $7 billion to double its oil production in Venezuela, expanding its joint ventures as the White House pushes for a significant increase in

The Indian government plans to support deepwater exploration until 2030-31 with significant funding of about 43,000 crore rupees for sixty deepwater well drilli

A petroleum geologist warns that the true oil threat extends beyond the Strait of Hormuz crisis to the long-term challenge of restoring millions of barrels of s

The IMF has issued a warning that the global oil market is losing its safety cushions, with 1.1 billion barrels gone, despite increased oil production outside t

The community of Norman Wells, N.W.T., is facing significant changes after Imperial Oil officially ceased its oil production operations in the town last Friday.

ONGC has secured a US Treasury license to fully resume operations in Venezuela, removing sanctions-related risks and allowing for expanded production. The compa

ONGC anticipates oil and gas production to reach 39 MMTOE this fiscal year and 40 MMTOE next year, with executives expecting oil prices around $75 per barrel to

Oil prices tumbled after Trump reportedly canceled an attack on Iran to pursue a nuclear deal, while OPEC+ approved an increase in oil production quotas for Sep

The Iraqi cabinet has authorized the Basra Oil Co. to sign a memorandum of understanding with the Syrian oil ministry for a pipeline project to link oil product

Alberta Premier Danielle Smith aims to double the province's oil production, with a new West Coast pipeline generating industry excitement. However, analysts su