China National Petroleum Corp. (CNPC)
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E&P Highlights: May 27, 2025
Here’s a roundup of the latest E&P headlines, including new production offshore Brazil and new mapping for three U.S. basins.
E&P Highlights: May 19, 2025
Here’s a roundup of the latest E&P headlines, from a new oil discovery offshore Brazil to Libya’s latest upstream licensing round.
Kissler: Producers Might Want to Chill, Baby, Chill
As good as the Trump administration’s “drill, baby, drill” may initially sound, global oil production will slow if the price sinks below $60/bbl.
E&P Highlights: Feb. 18, 2025
Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
E&P Highlights: Nov. 4, 2024
Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
Brazil’s Mero-3 Offshore Development Reaches First Oil
With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
Exxon Awards JGC, Technip Energies LNG FEED Contract
Technip Energies said Rovuma LNG, located in Mozambique, is expected to have a total production capacity of 18 million tonnes per annum.
Deepwater Roundup 2024: Americas
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Deepwater Roundup 2024: Offshore Africa
Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
CERAWeek: NOCs Balance Financial Realities, Energy Transition
National oil companies’ strategies include diversifying energy sources and seeking reserves located deeper in the ground and in deeper waters, while still working to curb emissions.
Mero-2 Begins Second Phase Production in Brazil
With Petrobras’ Mero-2 coming online, the Mero field is expected to reach a production capacity of over 410,000 bbl/d of oil.
Field Digital Twin Planned for Pre-salt Mero Field
Halliburton is working with Libra Consortium, led by Petrobras, to develop the twin, which will allow the consortium to run “what if” scenarios.
China 2023 Oil Demand Growth Seen Slower on Strong EV Sales
China's state oil company Economic & Technology Research Institute previously forecasted oil demand reaching 743 MMmt in 2023, but have now updated growth targets to come in below original predictions.
Russia in Talks with Asia-Pacific Nations on LNG Supplies, Projects
Russia has been in discussions with Asia-Pacific countries about new long-term contracts for supplies of LNG and investments in LNG plants.
China's CNPC Set to Seal Mega Qatari LNG Deal
CNPC has agreed to main supply terms for an agreement with QatarEnergy similar to a 27-year LNG deal made a couple months ago between Sinopec and QatarEnergy.