A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the ...

By Marianna Parraga Jan 29 (Reuters) - Lawmakers approved in a final vote on Thursday a sweeping reform of Venezuela's main oil law after sweetening a proposal by interim President Delcy Rodriguez to ...

Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand. Global oil inventories are rising, putting downward pressure on prices. At the same time, both OPEC+ ...

The Solveig Phase 2 project, which lies near the Edvard Grieg platform, adds about 39 MMboe of recoverable resources, adding ...

KUWAIT CITY, Feb 1: Kuwait Petroleum Corporation (KPC) intends to coordinate with foreign companies in the oil sector for ...

The North Dakota Department of Mineral Resources reported November production increased by 12 kb/d to 1,189 kb/d.

This type of crude oil is characterized by high density and viscosity and is commonly defined by API gravity of less than 10°. The physical properties of extra-heavy crude are advantageous in many ...

President Trump has pledged to buy 1 million barrels of oil to refill the SPR to a safe level. With West Texas Intermediate hitting its lowest levels since 2021 recently, the President has picked the ...

Plans, executes, and optimizes well and production system performance from the sandface to the stock tank, ensuring safe, compliant, and cost-effective hydrocarbon delivery. I.A.1.a Productivity index ...