Better-than-expected quarterly earnings were driven by higher oil-equivalent production volumes, offset partially by decreased realizations of crude oil and condensates, and natural gas prices.

New processing hubs will be the equivalent of 19th-century oil refineries. Supply chain control: Just as Standard Oil dominated through pipelines, the companies that master logistics—raw ...

FGP is the third processing plant in operation at the Tengiz oilfield, which expands sour gas injection capability and is expected to ramp up output to 1 million barrels of oil equivalent per day ...

Oil India is targeting to produce 3.8 million tonnes of oil equivalent crude oil 3.8 billion cubic meters of natural gas. Oil India’s annual production growth rate has been increasing by 5-6% ...

with the intention of growing production to 2.3 million to 2.5 million barrels of oil equivalent a day by 2030. Its previous target was for a reduction in output of 25% at the end of the decade ...

Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...

Production is also expected to grow, to 2.3–2.5 million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. That’s a stark departure from the previous strategy ...

India is working on a plan to import oil from the US to avoid reciprocal tariffs. Meanwhile, top mutual funds heavily sold IndusInd Bank shares before the accounting discrepancy was revealed.

The report titled “High Impact Wells 2025” explained that while about 8.8 billion barrels of oil equivalent were found, the Cote D’Ivoire Basin and the Orange Sub-basin accounted for 2.9 ...

The agreement between BP and Iraq's government will focus on the redevelopment of four large oil and gasfields in Kirkuk in the north of the country. The agreement follows a memorandum of ...