Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% million barrels per day (bpd) , reflecting a 1.3% oil and gas sector. increase compared to the third quarter. year-over-year increase.

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Oilholics Synonymous Report

SEPTEMBER 10, 2024

Having breached $75 per barrel floor, Brent futures are now testing $70 with the WTI having fallen through it some time ago. This blogger has long been suggesting that 2024 will end in an oversupply of light sweet crude. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024. To follow The Oilholic on Twitter click here.

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Energy Central

MARCH 11, 2024

million barrels a day in 2024, it's currently on the up. It's no secret that oil and gas is a boom-and-bust industry, and with production projected to increase to 13.7 But this won't last forever.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. million barrels (80,200 barrels per day) up 23 percent from 2023. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d). Oil production last year was 29.4

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Energy Transfer

FEBRUARY 12, 2025

On February 11, Energy Transfer reported its financial results for the fourth quarter and year ended 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea. Mackie McCrea, co-CEO, Energy Transfer Full Year and Q4 2024 Financial Highlights* More highlights from the earnings call are below. billion compared to $3.6

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Rigzone: News

JANUARY 14, 2025

million barrels per day during the fourth quarter of 2024. Valeura's oil production averaged 26.1

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Rextag

DECEMBER 23, 2024

As the year draws to a close and the festive season surrounds us with cozy blankets, steaming mugs of cocoa, and the sparkle of holiday lights, its the perfect time to pause, reflect, and unwrap the biggest highlights of 2024. This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d).

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Rigzone: News

FEBRUARY 3, 2025

a barrel in the fourth quarter of 2024, down from $8.31 Phillips 66's realized refining margins averaged $6.08 for the prior quarter and $14.41 for the corresponding quarter in 2023.

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Energy Central

SEPTEMBER 12, 2024

million barrels per day in late 2018, and production hasn’t been able to regain that level since then. The straight orange line represents the 24-month average during the period June 2022 through May 2024. World crude oil extraction reached an all-time high of 84.6

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Energy Central

OCTOBER 7, 2024

million barrels per day. According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 higher than last year’s record production of 12.5 million BPD. This ongoing growth in U.S. oil output remains a key driver of the global energy market.

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Energy Central

JULY 7, 2023

85% expect a significant tightening of oil supplies in 2024. production will be down 20 to 30 percent quickly" Supply issues will drive oil and gas prices much higher in 2024. Oil is at $77 a barrel now, $95 is likely by year end, and higher in 2024. Summary Sept 28, 2022, the Dallas Fed surveyed 153 oil companies.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

25 he expects no change to the capital budget of about $2 billion from 2024. Average lateral lengths in 2025 are forecast at 10,000 feet (9,300 in 2024). Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). Co-CEO James Walter said Feb.

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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). Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S.

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Energy Central

JUNE 24, 2024

The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. ” The report cites the.

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Rextag

FEBRUARY 13, 2025

Financial Performance: 4Q and Full-Year 2024 Results BPs latest financial disclosures offer a revealing snapshot of its current challengesand opportunities: Underlying Replacement Cost Profit 4Q 2024 : $1.17 billion 3Q 2024 : $2.27 billion 3Q 2024 : $2.27 Cash Flow from Operations 4Q 2024 : $7.43

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Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Sales prices averaged USD 35 per barrel with payments deposited into DNO's international bank accounts ahead of deliveries.

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Energy Central

MAY 6, 2024

million barrels per day (BPD). However, current data from the Energy Information Administration (EIA) shows that average daily production thus far in 2024 is 13.12 Last year marked a record for U.S. oil production with an average daily production of 12.93 That record was 5% greater than the previous record of 12.31

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Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94 million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46

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Energy Central

DECEMBER 26, 2023

On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This decision was driven by several factors, but it might be helpful to consider OPEC’s motivations.

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Rextag

NOVEMBER 18, 2024

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 barrels a day increase seen in 2023. million-barrel increase.

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Oilholics Synonymous Report

JANUARY 29, 2025

While The Oilholic can personally testify that Metafuels' offer is what it says on the tin, or shall we say an eagerly-awaited barrel of Aerobrew - the start-up is neither short of belief nor backers. Gaurav Sharma, December 18, 2024. This is massive if achieved on a commercial scale. Photo II: Metafuels SAF Aerobrew.

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Oil Gas Leads

MARCH 10, 2025

Year-Over-Year Trends: Industry Adjustments Compared to the same period in 2024, the total U.S. million barrels per day (bpd) in 2024 to around 13.6 On the natural gas side, the EIA predicts a 73% increase in spot gas prices in 2025, which could prompt producers to boost drilling activity following a 14% price drop in 2024.

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The initial phase includes oil and gas production exceeding three billion barrels of oil equivalent, while the wider resource opportunity across the contract area is believed to include up to 20 billion barrels of oil equivalent. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. "

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Oil Gas Leads

MARCH 11, 2025

” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. Jim Teague on Export Growth: “We exported over 70 million barrels of hydrocarbons in December. Our goal is to export over 100 million barrels a month by 2027.” ” The rise in U.S.

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Oil Gas Leads

MARCH 8, 2025

During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production.

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OilPrice

MARCH 7, 2025

Chinas crude oil imports over the first two months of the year fell 5% on 2024 as the parting round of sanctions that the Biden administration imposed on Russian energy affected international flows. million barrels. million barrels. million barrels. A year ago, the average daily was 10.74

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Rextag

FEBRUARY 17, 2025

The International Energy Agency (IEA), once regarded as the gold standard for energy forecasting, now faces significant criticism for its 2024 World Energy Outlook (WEO). 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. According to Mark P.

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Oilholics Synonymous Report

OCTOBER 4, 2024

The last few weeks have been relentless in terms of geopolitical developments and their impact on the oil market - albeit a somewhat oversupplied one with plenty of barrels to more than meet global demand. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024. Photo II: Gaurav Sharma on BBC News on October 3, 2024 BBC.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “As we announced today, we signed PSAs for about $600 million.

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Energy Transfer

DECEMBER 23, 2024

2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024. The two-year partnership began with the 2024 season with Energy Transfer and Sunoco logos displayed on the teams car for the three Formula 1 Grand Prix races in the U.S.

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Oil & Gas 360º

MARCH 6, 2025

Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades. Energy Information Administration (EIA).

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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. 2024 Production: 6.3 2024 Production: 6.3 MMBbl/d production increase in 2024. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5

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Oil Gas Leads

MARCH 11, 2025

oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. LNG, LPG, and NGLs is skyrocketing, with Energy Transfer setting record export volumes in 2024 from its Nederland and Marcus Hook terminals. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank.

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Rextag

JANUARY 16, 2025

STRATEGIC DIVESTMENT IN THE D-J BASIN Civitas D-J Basin assets, which produced an average of approximately 160,000 barrels of oil equivalent per day (boe/d) in the third quarter of 2024, could be sold in whole or in parts. However, Civitas has not confirmed these reports or responded to inquiries for comment.

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Oil & Gas 360º

MARCH 10, 2025

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

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Oil Gas Leads

MARCH 8, 2025

During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. energy production.

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