-
$16 Billion! Middle Eastern Oil Giant Seals Cooperation Deal!
Recently, Kuwait Oil Company (KOC) signed a $16 billion pipeline infrastructure cooperation agreement (codenamed “Project Peregrine”) with an international consortium comprising Blackstone, Brookfield, and KKR. The deal covers Kuwait’s domestic and export crude oil pipeline network. It is expect...Read more -
CNOOC’s bonded LNG bunkering volume has exceeded 800,000 cubic meters
The vessel Haiyang Shiyou 301 completed a bonded LNG (liquefied natural gas) bunkering operation for an internationally voyaging ship at Yantian Port in Shenzhen. With this operation, the cumulative bonded LNG bunkering volume of CNOOC has exceeded 800,000 cubic metres. To date, CNOOC’s two LNG ...Read more -
The total crude oil production of the Bayan Oilfield in Inner Mongolia, China, has surpassed 6 million tons
The cumulative crude oil production of the Bayan Oilfield in Bayan Nur, Inner Mongolia, has exceeded the 6‑million‑ton mark. This comes just seven months after it surpassed 5 million tons in December 2025, marking another million‑ton milestone. In the first half of the year, the oilfield produce...Read more -
Large deep coalbed methane field discovered in Shaanxi, China!
▲ Drilling operations are underway at Yanchang Petroleum’s Yandong coalbed methane field. On July 13, Yanchang Group announced that the proved reserves of the Yandong coalbed methane (CBM) field, submitted by the company, passed the review and filing of the Ministry of Natural Resources, w...Read more -
The J76 well at the Kosmos Ghana Jubilee field produces 20,000 barrels per day, and the J77 well is expected to come on stream soon
Kosmos Energy has completed drilling the J76 well at the Jubilee field offshore Ghana. This is the third well in its 2026 drilling program. The well was brought into production in mid‑June, two weeks later than originally scheduled. In the second quarter of 2026, the Jubilee field averaged appro...Read more -
Brazil’s Búzios oil field has reached a daily output of 1.2 million barrels, hitting a record high!
Recently, the Búzios field in Brazil—the world’s largest deepwater pre‑salt oil field, in which CNOOC has participated and holds equity—has delivered good news. Petrobras announced that the Búzios field has reached a daily output of 1.2 million barrels, setting a new historical high. The continu...Read more -
1 billion barrels of new discovery! Is the next oil upstart on the horizon?
In recent days, PETRONAS, Malaysia’s national oil company, announced its latest exploration results offshore Suriname—two new discoveries and one successful appraisal well, bringing the total number of successful wells in Block 52 to eight, and unlocking cumulative recoverable resources of ...Read more -
Shell sells Na Kika platform and Coulomb oilfield assets in the Gulf of Mexico for $1.7 billion
Shell (SHEL.L) announced on Tuesday that it has agreed to sell its interests in the Na Kika platform and related oilfield assets in the Gulf of Mexico, along with the Coulomb tieback pipeline, to subsidiaries of Talos Energy (TALO.N) and Ridgewood Energy (ZCFHCX.O) for a total transaction value o...Read more -
Cumulative production at the world’s lowest-altitude ultra-deep extra-heavy oilfield exceeds 10 million tonnes
On June 29, it was learned from CNPC that the cumulative oil production at the Lukqun Oilfield – the world’s lowest‑altitude ultra‑deep extra‑heavy oil field, located at the foot of the Flaming Mountains in Turpan, Xinjiang – has exceeded 10 million tonnes. Ultra‑deep extra‑heavy oil refers...Read more -
Santos launches the Pikka project in Alaska, USA, with production of 20,000 barrels per day
Santos has commenced continuous production operations at the Phase 1 Pikka oil development project on Alaska’s North Slope, marking a significant milestone as one of the largest new oil projects in the region. The company stated that the first production wells have been brought online, with dai...Read more -
Côte d’Ivoire’s Baleine oil field expansion to reach 150,000 barrels per day in offshore production
Côte d’Ivoire is accelerating its offshore oil and gas development, which is expected to further consolidate its position as one of the fastest-growing upstream oil and gas markets in West Africa. Key offshore development projects are moving forward, new drilling activities have been schedu...Read more -
Construction of all platforms for Phase 2 of the world’s largest metamorphic rock oilfield project has been completed
On June 16, with the successful loading of the last platform onto a vessel in Binhai New Area, Tianjin, the onshore construction of all platforms for the Phase 2 development of the Bozhong 26‑6 oilfield – the world’s largest metamorphic‑rock oilfield – was completed, laying a solid foundation for...Read more
