BEIJING -- Chinese researchers have unveiled a novel application of the Earth science satellite SDGSAT-1 for observing ...

Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.

CNOOC Ltd. started production at the Bozhong 26-6 Oilfield Development Project (Phase I) in central Bohai Bay in about 20 m of water.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

Prio, a Brazilian oil company, is in discussions to purchase the remaining 60% stake in the offshore Peregrino oilfield from ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

CNOOC Limited has announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production.

The reservoir of the Bozhong 26-6 oilfield is buried in metamorphic rocks beneath the seabed at a depth of over 4,500 meters, and its formation temperature can reach 178 degrees Celsius, making its ...

The first phase of Bozhong 26-6 oilfield by far the largest metamorphic rock oilfield in the world commenced production on Friday according to its ...

Rampant product commoditization throughout the oilfield-services industry will prevent ChampionX from developing and maintaining a competitive advantage. ChampionX holds a strong position in the ...

Patterson-UTI Energy Inc (PTEN) shares edged lower on Thursday after the fourth-quarter revenue missed Wall Street estimates.

Our expectations for profitability improvements coupled with the firm’s history of conservative balance sheet management leave us confident that NOV will maintain adequate liquidity to service its ...