Upstream news

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.

The collaboration aims to integrate Weatherford's software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's AI-driven systems.

Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).

TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).

Long-term contracting model consistently delivers sustainable value for shareholders, with fleet and energy services expansion driving growth.

Kongsberg Discovery transforms ocean data management with Blue Insight Geomatics launch.

SPIE awarded general maintenance contract with Sonangol Exploração & Produção for the Block 3/05 oil complex.

Miros announces a significant update to its Oil Spill Detection (OSD) system.

US crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million bpd. Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022.

Dover brings an estimated peak production of 20 000 boe/d.