The operators estimate the discovery holds between 1.3 and 4.8 million standard cubic meters of recoverable oil equivalent. This marked the fourth find in a row in the region. Alongside previous ...

Production from the region peaked at 4.5 million barrels of oil equivalent per day in 1999 to about 1.3 million today. The UK Government wants to decarbonise the power system by 2030, meaning ...

The basin reached peak output of 4.4 million barrels of oil equivalent per day (boed) at the start of the millennium. Production has since declined as reservoirs depleted, reaching around 1 ...

The 300-ft.-lb. class work tool provides 1,310 blows per minute at a hydraulic flow rate of 17.2 gpm The 300-ft.-lb. class HB880 features an automatic pressure regulator that ensures maximum ...

HOUSTON, Dec 31 (Reuters) - Oil prices fell around 3% in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and the U.S. and other ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone ...

The United States is also the largest consumer of oil, using about 20% of the world's supply, followed by China and India, which consume 15% and 5%, respectively. India stands out as the world's ...

The Turkestan region prosecutor's office (Kazakhstan) released details about the operation, on December 26. Photo: Kazakhstan and Uzbekistan authorities tackle cross-border oil smuggling group Source: ...

ExxonMobil stock forms a Death Cross, signaling bearish momentum as shares hit $106.49, below key averages. Regulatory hurdles in Europe and rising U.S. investments highlight Exxon’s shifting ...