Oil & Gas 360º

MARCH 11, 2025

Exxon and its partners in Guyanas oil projects, U.S. billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Oil & Gas 360º

MARCH 6, 2025

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. Permian oilfield and strong export demand for WTI Midland crude widened price differentials. WTI Midland crude traded at a $1.08 crude futures in March, easing from a 11-month high of $1.22 crude futures.

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Oil & Gas 360º

MARCH 6, 2025

Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. had until April 4 to make the payment. Its been pledged as part of a $3.2

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BOE Report

MARCH 12, 2025

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2

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Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels.

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Oilholics Synonymous Report

OCTOBER 15, 2024

At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd.

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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 million bpd growth forecast by the International Energy Agency.

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Valor

FEBRUARY 24, 2025

Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. crude output to grow from 13.2 energy exports. GW capacity.

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Egypt Oil & Gas

MARCH 11, 2025

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.

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Oil Gas Leads

MARCH 4, 2025

A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. per barrel , marking a 5.2% year-over-year increase.

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Energy Central

JULY 28, 2022

Oil Prices rallied between December 2021 and March 2022 to hit new 14-year highs. The light crude oil raced to reach $130 per barrel before plunging to a low of $93 in April. And after surging again to hit a high of $123 on June 10, the WTI crude oil price pulled back again to trade below $94 last week.

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Oil & Gas 360º

MARCH 4, 2025

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

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Energy Central

OCTOBER 7, 2024

Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. oil output remains a key driver of the global energy market. crude oil production will almost. According to the latest Weekly Petroleum Status Report from the U.S. million BPD.

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Orient Energy Review

MARCH 22, 2023

He also said over 87 oil tankers involved in various crude oil and product theft had been arrested, as theft of over three million barrels of crude oil was prevented, while 15 million litres of petrol and diesel were recovered.

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Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Energy Information Administration (EIA). Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2

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Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

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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. This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. billion compared to $3.6 Adjusted EBITDA was $1.1

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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. The announcement highlights the ongoing challenges facing the energy giant. billion within its renewables and energy solutions segment. million barrels.

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

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. HRH Prince Abdulaziz bin Salman Al Saud, Saudi Energy Minister. Alexander Novak, Russian Deputy Prime Minister. Haitham Al Ghais, OPEC Secretary-General.

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Oil Gas Leads

MARCH 8, 2025

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. Crude Oil Infrastructure & Market Integration ONEOKs crude oil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions.

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Oil Gas Leads

MARCH 10, 2025

crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6 Crude oil production remains on track for record levels , even as rig counts fluctuate. million bpd in 2025. Key Takeaways The rig count decline is modest , suggesting a more stable period after recent additions.

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Orient Energy Review

MARCH 27, 2023

Tolls are beginning to fall in Frances energy sector with the lingering strike action by protesting workers. An extension of the current strikes at Frances Le Havre port has cut off crude oil deliveries to ExxonMobils nearby Port Jerome refinery, according to the CGT trade union.

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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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Oil Gas Leads

MARCH 11, 2025

Pipeline Investments: Expanding Permian Takeaway Capacity With NGL and crude oil production rising , Enterprise is investing in pipeline infrastructure to ensure smooth transport from the wellhead to export hubs. Jim Teague on Export Growth: “We exported over 70 million barrels of hydrocarbons in December.

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Crude Oil Futures

DECEMBER 2, 2024

The analysts at S&P Global disclosed last week that the UAE has been exceeding the production by 700,000 barrels more than what it agreed to, with the OPEC+, from January to October.; The departure of Angola from the alliance is a case in point. That, however, is not the end of the story. it is well in excess of the quota, indeed.

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The Energy Law Blog

JULY 21, 2016

West Texas Intermediate Crude Cushing OK), and then includes various positive and negative adjustments to that market center price to arrive at the price to be paid for the crude oil. For instance, if the oil is purchased at or near the lease, the particular lease may include a deduction or premium applicable only to that lease.

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The Energy Law Blog

SEPTEMBER 13, 2007

The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security.

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The Energy Law Blog

JULY 9, 2008

involved a class action that was filed by commercial fisherman and native Alaskans against Exxon and its tanker captain for economic losses suffered as a result of the now infamous Exxon Valdez oil spill that occurred in 1989. Baker, et al. Exxon spent $2.1

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The Energy Law Blog

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17 Bbl UP $2.22

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The Energy Law Blog

JUNE 13, 2017

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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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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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. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Oil & Gas 360º

MARCH 12, 2025

Although Sachas revival, which is critical for Ecuadors ailing economy, depends on foreign investment, critics spanning party lines have blasted Noboas approach to finding an operator for the asset and questioned whether the consortium consisting of Amodaimi, a subsidiary of Chinas Sinopec, and Petrolia, a unit of Canadas New Stratus Energy Inc.

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Oil Gas Leads

MARCH 11, 2025

Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market.

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Oil & Gas 360º

MARCH 6, 2025

Administration imposed a 25% tariff on all imported goods from Mexico and Canada, with the exception of a 10% tariff on Canadian energy imports. 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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Energy Central

MAY 10, 2022

President Biden announced in late March that he would release 1 million barrels of crude oil per day from the Strategic Petroleum Reserve (SPR) over a 180 day period, making it by far the largest release ever. Is this a wise move and will it achieve the objectives sought? Background: The origin of the U.S.

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Energy Transfer

DECEMBER 23, 2024

It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. JANUARY Sunoco LP Acquired NuStar Energy L.P. billion, Sunoco , which is part of the Energy Transfer family, acquired NuStar L.P.

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