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Jusepin
Following discovery of the field in 1938, production from Jusepín commenced in 1939 on completion of the pipeline to Caripito. Output rose steadily...
Vigdis Area
The Vigdis area is located between Snorre and Gullfaks in the northern North Sea and includes six separate oil structures. The fields have been dev...
Global oil supply short-term update - October 2025
Our supply outlook has been revised up this month. The OPEC+ group met on 7 September and agreed to unwind 137,000 b/d of the 1.65 million b/d volu...
The UK government's North Sea consultation conundrum
2025 is a year of consultation on the UK North Sea. The government is currently pondering a successor to the flawed energy profits levy and it is a...
Q3 2025 pre-FID project tracker: Majors top-up project pipeline despite capital discipline
Sixteen projects have been sanctioned in 2025 so far. Representing almost US$70 billion of committed investment and around 8.5 billion boe of reser...
Lagunillas
The Lagunillas field forms part of the Bolivar Coastal Complex of the Maracaibo basin. The field extends both offshore as Lagunillas Lago and onsho...
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