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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 -
Oil giant announces major oil and gas discovery!
Recently, a consortium led by Shell, together with QatarEnergy and Namibia’s national oil company NAMCOR, announced the successful discovery of high-quality light oil via the Merlin-1X exploration well in Petroleum Exploration License PEL 0039, located in the Orange Basin offshore Namibia. This ...Read more -
First well spuds in at China’s 100-billion-cubic-meter large gas field phase 2 development project!
On June 9, the first well G10 of the WHPG pilot platform of the Phase II development project of Bozhong 19-6 gas field, the first 100-billion-cubic-meter gas field in the Bohai Sea, successfully spudded in, marking the full commencement of the drilling engineering of the gas field’s Phase II deve...Read more -
In the pilot test of polymer flooding in Class III oil reservoirs of China’s Daqing Oilfield, the oil recovery factor increased by 12.69 percentage points
Recently, the up‑return test of polymer flooding in Class III oil reservoirs in the Xingnan Development Area of Daqing Oilfield has achieved a major breakthrough. The block’s stage oil recovery factor increased by 12.69 percentage points, realizing a leapfrog improvement in the producing performa...Read more -
The Canadian province of Newfoundland and Labrador has allocated 30 million Canadian dollars to tender for offshore exploration
As oil production rises in Newfoundland and Labrador, the government has announced a tender for exploration of 16 areas off the east coast, offering up to 30 million Canadian dollars to offset the cost of drilling one well in new offshore oil frontier zones. Premier Tony Wakeham announced the pl...Read more
