Remove 2025 Remove Barrel Remove Completion
article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.

E&P 130
article thumbnail

Civitas expands Permian position with new assets in Howard, Glasscock, Upton

Permian Basin Oil and Gas Magazine

24, Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in Permian Basin and our strong track record of execution in DJ Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day.

Basin 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

March 10, 2025 The U.S. Production and Market Outlook for 2025 Despite the overall rig count decline, production forecasts remain bullish : The EIA projects that U.S. million barrels per day (bpd) in 2024 to around 13.6 million bpd in 2025. billion cubic feet per day (bcfd) in 2025 , up from 103.1 bcfd in 2024.

Oil 52
article thumbnail

A visit to Metafuels SAF 'Aerobrew' lab and pilot plant

Oilholics Synonymous Report

Moving beyond the lab, Metafuels' demonstration plant with a production capacity of 50 litres is nearly complete which this blogger was also given a kind tour of. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2025. The plant will help Metafuels work on concepts for producing Aerobrew on a much larger scale.

E&A 130
article thumbnail

Oil and Gas 2025: How Will Companies Navigate a Year of Transformationโ€”and Why It Affects Everyone?

Rextag

The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025.

Oil 40
article thumbnail

ONEOKโ€™s Expanding Footprint in the Permian Basin

Oil Gas Leads

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. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025.

Basin 52
article thumbnail

Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Haitham Al Ghais, OPEC Secretary-General.

Oil 40