International activity is maintaining leisurely growth, while the U.S. continues to lag. Global oil production was up slightly in 2023, with stronger gains in the Americas. Offshore activity is buoyed by continued success in areas like Guyana, Suriname and Namibia.
NSTA: UK 2P reserves fall to 2.5 Bboe as no exploration wells were drilled in 2025
The North Sea Transition Authority's annual reserves report puts UK proven and probable oil and...
