5 days ago · The latest upstream news and events from the oilfield industry, including oil rigs, drilling, oil fracking, and offshore and onshore projects.

Jan 12, 2026 · New research using drilling samples points to a widespread Miocene-age petroleum system in the eastern Nordic Seas similar to prolific producing basins offshore West and Central Africa.

What Is an Oil Field? An oil field is a tract of land used for the purpose of extracting petroleum, such as natural gas or crude oil, from the ground.

Most of the world's largest oilfields are located in the Middle East, but there are also super giant (5 billion bbls) oilfields in Brazil, Mexico, Venezuela, Kazakhstan, and Russia.

Jan 12, 2026 · The meaning of OIL FIELD is a region rich in petroleum deposits; especially : one that has been brought into production.

An accumulation, pool or group of pools of oil in the subsurface. An oil field consists of a reservoir in a shape that will trap hydrocarbons and that is covered by an impermeable or sealing rock. Typically, …

5 days ago · World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore...

Aug 21, 2025 · Get the latest Oil & Gas news, jobs, and expert calculators. Your ultimate hub for industry updates and educational resources.

An oilfield refers to an area where oil and gas operations take place, encompassing a region with one or more oil or gas reservoirs. It is a geographical location where the exploration, production, and …

Dec 15, 2025 · Leading provider of advanced horizontal and directional drilling services in North America’s unconventional terrain, specializing in directional drilling and MWD solutions for both …