EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

RIO DE JANEIRO, Dec 18 (Reuters) - A gas leak at Petrobras' P-40 offshore oil platform in Brazil's Campos basin on Thursday has led to the preventive shutdown of production, the firm said in a ...

Platform Harmony, seen from the Gaviota Coast of Santa Barbara County, is one of three oil platforms owned by Sable Offshore Corp. The company plans to restart production, which has been shut down ...

The P-78 FPSO can produce 180,000bbl of oil and 7.2mcm of gas per day.

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

Explore what topside means for offshore rigs. Understand its structure, key components, and importance in oil extraction processes.

U.S. October oil production increased by 31 kb/d to 13,870 kb/d, another new record high. Texas’ October production decreased by 45 kb/d to 5,753 kb/d, according to the EIA, and is 87 kb/d lower than ...

The Trump administration reportedly wants to turbocharge offshore oil drilling in the U.S., including the coast of California. But it remains to be seen if any new rigs ever get built. “Dead on ...

U.S. June oil production increased by 133 kb/d to 13,580 kb/d, a new high. The largest increases came from the GOM and New Mexico. July production is expected to decrease by 174 kb/d to 13,406 kb/d.

​In the predawn hours of January 11, 2026, Ukrainian long-range drones sliced through darkness over the Caspian Sea, more ...