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Russia's Nenets Autonomous Okrug will commission two new oil fields in 2026The 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
China's first 100-billion-cubic-meter gas field in the Bohai Sea — Phase I development project fully commissionedCNOOC 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 t
The Bai Luotuo North exploration well has spudded in offshore Vietnam, with pre-drill resource potential of up to 80 million barrels of oil equivalentMurphy Oil has disclosed that its Lac Da Trang 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
The second development well at the Monument oilfield in the United States is about to start drillingU.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 sec
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
$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
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
The total crude oil production of the Bayan Oilfield in Inner Mongolia, China, has surpassed 6 million tonsThe 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 t
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 fili
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 soonKosmos 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 qu
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 bar
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 unloc
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