Rigzone: News

JANUARY 21, 2025

crude oil production forecasts in its January short term energy outlook. Energy Information Administration revealed its latest U.S.

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Oil & Gas 360º

MARCH 4, 2025

(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the worlds biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 Saudi production has lingered near the lowest level in more than three years.

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Rigzone: News

DECEMBER 18, 2024

The EIA noted in its December STEO that a combination of increasing domestic crude oil production and decreasing U.S. refinery runs means reduced net imports of crude oil next year.

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Energy Central

MARCH 13, 2025

The Port of Vancouver’s (PoV) 2024 crude oil clarion cry will be music to the ears of anyone banking on diversifying Canadian petroleum exports to non-U.S. But a curb-your-crude-enthusiasm chorus threatens to spoil the outbound oil shipping party in 2025. Ship, baby, ship!

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Energy Central

JANUARY 8, 2025

As the world enters 2025, the critical issue we are facing is Peak Crude Oil, relative to population. Crude oil has fallen from as much as.46 World crude oil production per person, based on data of the US EIA. 46 gallons per person, which was quite common before the pandemic, to close to.42

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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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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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Daily Energy Report

MARCH 12, 2025

March 12, 2025 Chart of the Day EOA: OPEC+ Crude Production Increased in February but is Expected to Decrease in March Summary OPEC crude oil production increased by 151 kb/d in February MoM, per OPEC's Monthly Oil Report released earlier today. Total OPEC+ crude production rose by 363 kb/d MoM to 41.011 mb/d.

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Egypt Oil & Gas

MARCH 13, 2025

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.

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Daily Energy Report

MARCH 11, 2025

March 11, 2025 Chart of the Day EOA: US NGLs Exports Increase to Record High Summary Figure (1) shows trends in US hydrocarbon gas liquids (HGLs), which are a subset of NGLs and some of them are labeled LPG. Pentanes: Used in gasoline blending or as a diluent for heavy crude oil. It is also called natural gasoline.

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Oilholics Synonymous Report

DECEMBER 24, 2024

That's because crude oil prices are at their lowest for nearly three years too, owing to lower demand (mainly from China), higher supply (largely from the US) and a stronger dollar (courtesy of the US Federal Reserve).

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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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Oilholics Synonymous Report

SEPTEMBER 18, 2024

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. It also served as a curtain raiser for India Energy Week 2025. All at a time when oil prices are currently lurking around 2021 lows.

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Oil Gas Leads

MARCH 10, 2025

March 10, 2025 The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions.

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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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Oil Gas Leads

MARCH 8, 2025

oil and gas production, and ONEOK Inc. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025. ONEOK is also optimizing crude marketing strategies , allowing it to capture more Permian crude volumes.

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Oil Review Middle East

MARCH 10, 2025

The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027. Phase One of its Jafurah unconventional gas field development remains on schedule for 2025, with contracts awarded for Phase Two.

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. This commitment was reiterated during a joint phone call between: Hayan Abdul Ghani Abdul Zahra, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil.

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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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Oil Gas Leads

MARCH 11, 2025

oil and gas production. Enterprise executives highlighted that Permian growth is exceeding prior forecasts , and the company is already preparing to update its projections in Q2 2025. Key Investments: Two new gas processing plants set to go online in 2025. Expansion of sour gas treating facilities in the Delaware Basin.

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Oil Gas Leads

MARCH 10, 2025

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities.

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Rextag

JANUARY 9, 2025

Shell has issued a stark warning about a significant drop in earnings from its integrated gas division and reduced production guidance across its oil and gas segments. For upstream productioncovering crude oil and natural gas extractionShell expects output of 1.79 million oil-equivalent barrels per day. billion to $3.9

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Energy Transfer

FEBRUARY 12, 2025

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%). Adjusted EBITDA was $760 million compared to $775 million for the fourth quarter of 2023.

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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., Pierce was CEO and Director of TAG Oil Ltd.,

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. million acres in Alberta. After annual capital investments of $2.6

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. We analyze major U.S. 2023 Production: ~6.0

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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. This investment includes: New processing plants such as the Badger Plant (200 MMcf/d capacity, Delaware Basin, online mid-2025) and the Mustang Draw Plant (275 MMcf/d, Midland Basin, online H1 2026). Long, Co-CEO 2.

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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 8, 2025

A new Pinnacle processing plant will come online in July 2025 , providing additional NGL supply. The company hinted at another processing plant expansion announcement later in 2025. Crude oil and NGL volumes are rising , driving more demand for transportation and processing.

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Oil Gas Leads

MARCH 7, 2025

The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. Potential Impact of Tariffs and Permian Crude Pricing The potential U.S. 2,000 new well locations from the Marathon Oil acquisition , optimizing development strategy.

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Rextag

JANUARY 6, 2025

As we step into 2025, reflecting on the turbulent, transformative energy landscape of 2024 is essential. 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. Record U.S. Shale Output: U.S.

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Oilholics Synonymous Report

MARCH 12, 2025

Days II & III of CERAWeek 2025 have zipped by with plenty of soundbites, among which (1) fawning over the US as a key energy investment destination, (2) discussions over the LNG market, and (3) BP's reset stood out for the Oilholic. Its light, sweet variety of crude it appears is something European importers simply can't get enough of.

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Oil & Gas 360º

MARCH 13, 2025

(Investing) –LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. a barrel at 10:25 a.m.

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Crude Oil Futures

MARCH 8, 2025

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. production reaches his desired levels. and $70.36

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Oilholics Synonymous Report

JANUARY 20, 2025

Drill the Americans will, and already are, pumping north of 13 million barrels per day of crude oil. Here's The Oilholic's Forbes piece on the day's 'crude' developments and how the President wants to tap into America's "liquid gold" to usher in a "a new golden era" for the country. To follow The Oilholic on Twitter click here.

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Crude Oil Futures

NOVEMBER 13, 2024

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. President Trump does not want China to buy oil from Iran while the international sanctions against the latter remain in force either. respectively.

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Daily Energy Report

FEBRUARY 27, 2025

Trump says Maduro is not making progress on electoral reforms and migrant returns. Chevron’s 200 kb/d—20% of Venezuela’s output—supports its economy, and revocation could cut 100,000 barrels, raising US fuel costs despite Trump’s drilling push.

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