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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

BBL 75
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Are Oil Prices Headed Back Above $100 A Barrel?

Energy Central

The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). Last week, the price rose above $90/bbl for the first time since 2014. That was also the last year the price of WTI was above $100/bbl. But the shale boom had put millions of new barrels of oil into.

Barrel 40
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Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—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
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Know Mostly used Drilling Rig Acronyms

Rig Skills

Let see some mostly used acronyms in oil and gas drilling rig operational game plan and daily drilling report. These acronyms minimize drilling report size and make it easy to read and understand. Without these abbreviation drilling report will look massive text contents and reader will feel boring.

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Kuwaiti Producers Partner With OilPro & KamberFab to Build API Tanks

OilPro

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? API 650 Guideline 2,500 Bbl tanks and then truck them to site. Are you interested in building tanks in-country using Canadian expertise with transportable API tanks up to 3,000 Barrels?

API 52
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EIA Report – Product Prices and Pipeline News

The Energy Law Blog

Crude oil recorded yet another record high, increasing over $4 per barrel to nearly $80. Bbl UP $4.11 Bbl UP $4.11 Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 West Texas Intermediate Spot $79.85/Bbl

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EIA Lastest News – Product Prices & Pipeline News

The Energy Law Blog

Crude oil was up over $2 per barrel. Bbl UP $2.22 Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17 NYMEX (September deliveries) $5.805/MMBtu UP $0.22 West Texas Intermediate Spot $75.74/Bbl