2023 Barrel Exploration and Production 
Drillers
MARCH 24, 2020
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.
Rextag
FEBRUARY 13, 2025
However, Looneys tenure ended abruptly in September 2023 over undisclosed personal matters. 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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Rextag
FEBRUARY 17, 2025
If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Only 3% of global truck sales in 2023 were electric, far below whats needed for meaningful change. and Europe.
Oil Gas Leads
MARCH 13, 2025
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. per million British thermal units (mmBtu), BP sees a lucrative opportunity to increase production. In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. BP is doubling down on its U.S. million and 2.5
Rextag
FEBRUARY 24, 2025
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 2023 Production: ~6.0
Rextag
JANUARY 16, 2025
The Denver-based exploration and production company has engaged a financial adviser to evaluate buyer interest in its Colorado assets. However, the need for additional drilling inventory led the company to invest nearly $7 billion in Permian Basin acquisitions during 2023. billion, providing Midland Basin assets.
Valor
MARCH 10, 2025
per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41
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