Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Orient Energy Review

MARCH 22, 2023

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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Daily Energy Report

FEBRUARY 24, 2025

February 24, 2025 Chart of the Day EOA: Germany's Oil Consumption Increased in 2024 and is Expected to Rise in 2025 Summary Figure 1 shows monthly trends in Germany's imports of crude oil and petroleum products since the beginning of 2022. Imports increased in 2024 compared to 2023.

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Energy Transfer

OCTOBER 18, 2024

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023. Also invested $1.6

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Energy Central

JUNE 24, 2024

oil production is presently at about the same level it was 10 months ago. In August 2023, the U.S. million BPD of crude oil. million BPD by the end of 2023 but has since declined back to 13.1 I have noted in recent articles that U.S. produced 13.0 That gradually rose to 13.3 million BPD.

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Aresco

FEBRUARY 14, 2024

The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.

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Energy Transfer

DECEMBER 10, 2024

’s progress in reducing emissions over the past decade has come from investments made by the oil & gas industry? According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. Did you know that most of the U.S.’s In fact, the No.

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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Energy Transfer

NOVEMBER 19, 2024

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023. We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%).

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Oil Gas Leads

MARCH 4, 2025

oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72

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Rextag

NOVEMBER 18, 2024

The global oil market is full of potential but also fraught with challenges. A Year of Growth, but Slower Than Before The International Energy Agency (IEA) has revised its forecast for global oil demand in 2024, projecting growth of 921,000 barrels per day (bpd) a slight increase from earlier predictions of 862,000 bpd. million bpd.

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Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region.

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Oil Review Middle East

MARCH 10, 2025

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

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Energy Transfer

FEBRUARY 12, 2025

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: CanCambria Energy will be presenting at the 30th Anniversary of EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. From 2015 to 2024, Mr. Pierce was CEO and Director of TAG Oil Ltd., a TSX-listed oil and gas producer in Australasia and Egypt.

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. oil & gas basins , the leading companies , and market trends using the latest data and forecasts.

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Energy Transfer

DECEMBER 23, 2024

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. In a deal valued at $7.3

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Oil Gas Leads

MARCH 13, 2025

CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. 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

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Rextag

JANUARY 6, 2025

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S.

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Crude Oil Futures

DECEMBER 15, 2024

The price of crude oil slightly increased last week, perhaps due to the lingering anxieties over the handling of Syria by fractured opposition, consisting of various rebel groups. Even a minor incident in the Middle East usually affects the sentiments of both analysts and investors that in turn reflects on oil and gas prices.

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Valor

JANUARY 20, 2025

January 20, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023.

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Crude Oil Futures

JANUARY 3, 2025

President Trump may have been emboldened by the fact that the US has been the biggest oil producer in the world for the past 6 years; in 2023, for instance, the US produced 12.9 million bpd, when the global production was 96.4 million bpd, when the global production was 96.4

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