US To Resume Offshore Oil Production Off California Coast
US Secretary of Energy Chris Wright has instructed Sable Offshore Corp. to resume oil production off the coast of California, the U.S. Department of Energy reported. “U.S. Secretary of Energy Chris Wright today directed Sable Offshore Corp. to restore operations at the Santa Ynez field and pipeline system to mitigate …
RN-Uvatneftegaz Replenished Hydrocarbon Production by 109% in 2025
RN-Uvatneftegaz (part of the oil production complex of Rosneft Oil Company) increased its hydrocarbon reserves by 12 million tons of oil equivalent in 2025, replenishing production by 109%. The reserve growth was ensured by successful geological exploration activities and re-evaluation of resources at producing fields. Reserves of the new Yuzhno-Keumskoye …
SLB Partially Scales Back Operations in the Middle East Due to Escalation
The world’s largest oilfield services company SLB (formerly Schlumberger) has begun partially scaling back its operations and has also suspended transit shipments in the Middle East due to the escalation of the situation, according to the company’s press release. The United States and Israel on February 28 began carrying out …
Kondaneft’s Effect from Innovation Implementation Exceeded 1.1 Billion Rubles
Kondaneft (part of Rosneft’s oil production complex) achieved an economic effect of more than 1.1 billion rublesfollowing the implementation of production efficiency improvement projects in 2025. Among the implemented initiatives were 15 innovations developed by the company’s specialists. The greatest economic effect was achieved in the areas of well logging …
Tengiz Has Not Yet Reached Full Oil Production Capacity
Oil production at the Tengiz field in Kazakhstan has still not reached full capacity after being suspended in January due to power supply issues, the press service of Tengizchevroil (TCO) told Interfax-Kazakhstan. “TCO is gradually increasing production volumes as conditions allow,” the company said in response to a question about …
Belarusian Oilmen Set a Record in Ecuador
Specialists from the Well Construction Management Center of the Rechitsaneft oil and gas production department of Belorusneft, together with Service Oil Ecuador Equaservoil S.A., have set a national record, BelTA was informed by Belorusneft. The achievement concerns the successful completion of well No. 010R1 at the Armadillo Block 55 field …
Oil Production at Fields in Southern Iraq Fell by More Than Half
Oil production in Iraq’s main oil-producing region — the southern province of Basra — has decreased from 3.3 million barrels per day to 1.3 million barrels per day amid escalation in the region, the newspaper As-Sabah reported, citing data from the Iraqi state company Basra Oil Company. “Production has now …
The United States Seeks Access to Iran’s Oil Resources, Tehran Said
The United States seeks to gain access to Iran’s oil resources, said Esmail Baghaei, spokesperson for the Iranian Ministry of Foreign Affairs. “As for what the goal of the United States is, there is no doubt — no one has ever doubted that the goal of the United States is …
Saudi Aramco to Reduce Oil Production at Two Fields, Reuters Reports
The Saudi state oil and gas company Saudi Aramco is reducing production at two oil fields amid the effective blockage of the Strait of Hormuz, Reuters reports, citing sources. “The Saudi oil giant Aramco has begun cutting production at two of its oil fields… after the crucial Strait of Hormuz …
Vladimir Putin Allowed the Suspension of Oil Production Tied to the Strait of Hormuz
Vladimir Putin stated that a full rerouting of Middle Eastern oil supplies without the Strait of Hormuz will not be possible. The Russian president noted that the strait is “effectively closed,” and oil production in the region risks coming to a complete halt. A full redirection of Middle Eastern oil …