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Russia’s Nenets Autonomous Okrug will commission two new oil fields in 2026
The Nenets Autonomous Okrug (NAO) will launch the Layavozhskoye and Komandirshorskoye oil field projects in 2026, ending years of stagnation in oil production in the region. The governor of the autonomous okrug, Irina Gecht, announced the plan during a report to Russian President Vladimir Putin. ...Read more -
China’s first 100-billion-cubic-meter gas field in the Bohai Sea — Phase I development project fully commissioned
CNOOC Tianjin Company has announced that the Phase I development project of the Bozhong 19-6 gas field, the first 100‑billion‑cubic‑meter natural gas field in China’s Bohai Sea, has been fully commissioned. The project currently produces over 5,200 tonnes of oil equivalent per day, and its develo...Read more -
The Bai Luotuo North exploration well has spudded in offshore Vietnam, with pre-drill resource potential of up to 80 million barrels of oil equivalent
Murphy Oil has disclosed that its Lạc Đà Trắng North‑1X exploration well in Block 15‑1/05 off the coast of Vietnam spudded in July 2026. The pre‑drill estimated total recoverable resource potential for the well ranges from 40 to 80 million barrels of oil equivalent. The drilling results will dete...Read more -
The second development well at the Monument oilfield in the United States is about to start drilling
U.S. independent oil and gas producer Talos Energy has disclosed that the first development well at the Monument field, located in the deepwater U.S. Gulf of Mexico, has been drilled. The operator, Beacon Offshore Energy, is preparing to spud the second development well, after which completion op...Read more -
Over 40 Billion Mega Project! Chinese Oil Companies Take Stakes!
Recently, Abu Dhabi National Oil Company (ADNOC) officially made the Final Investment Decision (FID) for the Umm Shaif gas cap development project, with a total investment of $6.2 billion (approximately RMB 42 billion). A gas cap refers to a layer of natural gas accumulation; in hydrocarbon rese...Read more -
$16 Billion! Middle Eastern Oil Giant Seals Cooperation Deal!
Recently, Kuwait Oil Company (KOC) signed a $16 billion pipeline infrastructure cooperation agreement (codenamed “Project Peregrine”) with an international consortium comprising Blackstone, Brookfield, and KKR. The deal covers Kuwait’s domestic and export crude oil pipeline network. It is expect...Read more -
CNOOC’s bonded LNG bunkering volume has exceeded 800,000 cubic meters
The vessel Haiyang Shiyou 301 completed a bonded LNG (liquefied natural gas) bunkering operation for an internationally voyaging ship at Yantian Port in Shenzhen. With this operation, the cumulative bonded LNG bunkering volume of CNOOC has exceeded 800,000 cubic metres. To date, CNOOC’s two LNG ...Read more -
The total crude oil production of the Bayan Oilfield in Inner Mongolia, China, has surpassed 6 million tons
The cumulative crude oil production of the Bayan Oilfield in Bayan Nur, Inner Mongolia, has exceeded the 6‑million‑ton mark. This comes just seven months after it surpassed 5 million tons in December 2025, marking another million‑ton milestone. In the first half of the year, the oilfield produce...Read more -
Large deep coalbed methane field discovered in Shaanxi, China!
▲ Drilling operations are underway at Yanchang Petroleum’s Yandong coalbed methane field. On July 13, Yanchang Group announced that the proved reserves of the Yandong coalbed methane (CBM) field, submitted by the company, passed the review and filing of the Ministry of Natural Resources, w...Read more -
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
