Oil & Gas 360º
MARCH 11, 2025
lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Bcf/d year-2020 low (green line). Energy Information Administration data) U.S. crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. mmbd four years ago (green line).
Oil & Gas 360º
MARCH 10, 2025
Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development.
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Energy Central
MARCH 21, 2022
oil production hit an all-time high of just below 13 million barrels per day (BPD). By May 2020, oil production had dropped by more than 3 million BPD to 9.7 In the months leading up to the Covid-19 pandemic, U.S. As the pandemic unfolded, demand collapsed, and production followed. million BPD.
Energy Central
MAY 20, 2023
million barrels per day (bpd), and by the end of 2022 monthly production was just about back to that level following the devasting Covid-19 impact on the industry in 2020. One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.”
The Energy Law
SEPTEMBER 6, 2007
Crude oil was up over $2 per barrel. If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu
Drillers
MARCH 24, 2020
billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.
Rextag
FEBRUARY 13, 2025
When Bernard Looney stepped into BPs top job in 2020, he pursued an ambitious transition to cleaner energy. Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS).
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