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Crude oil extraction may be well past peak

Energy Central

World crude oil extraction reached an all-time high of 84.6 million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World monthly crude oil production based on data of the US Energy Information Administration (EIA).

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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon announced the first Longtail discovery in June 2018. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd.

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FG Flaunts Scorecard On Maritime, Cross Border Oil Related Crimes Fight In 5yrs

Orient Energy Review

President Muhammadu Buhari has said that over 220 vessels involved in maritime criminality within Nigeria’s Exclusive Economic Zone, up to the Republic of Togo, between August 2018 and March 2023, have been prosecuted.

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Nigeria Oil Industry Overview

Drillers

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

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A Look Back on 2024

Energy Transfer

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. Energy Transfer has been a partner of the Rangers since 2018. In a deal valued at $7.3

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Crude prices in tariff war zone as OPEC+ wakes up

Oilholics Synonymous Report

Global crude oil markets have taken a bit of a double whammy. As global stock markets plunged, commodity prices took a knock, oil benchmarks slumped as well and then some more. million barrels per day (bpd) voluntary production cut from April. per barrel, while the WTI was down 2.96% or $2.04 per barrel.

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