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U.S. crude oil inventories decrease by 5.7 million barrels

Oil & Gas 360ยบ

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 Summary of weekly petroleum data for the week ending March 7, 2025 U.S. crude oil refinery inputs averaged 15.7 million barrels, U.S.

Crude Oil 130
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U.S. crude oil inventories increase by 3.6 million barrels

Oil & Gas 360ยบ

Weekly Crude Oil Storage as of February 28, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 Summary of weekly petroleum data for the week ending February 28, 2025 U.S. crude oil refinery inputs averaged 15.4 Imports U.S.

Crude Oil 130
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Africaโ€™s oil and gas investment to hit $43 billion in 2025

Oil & Gas 360ยบ

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. By Tsvetana Paraskova for Oilprice.com

Oil 130
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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.

Oil 130
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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.

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Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

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. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. crude output to grow from 13.2 billion cubic feet per day (bcfd) in 2025.

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Badawi Engages with Chevron, KNOC Leaders at CERAWeek 2025

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.