Egypt Oil & Gas

MARCH 6, 2025

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%

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Oil & Gas 360º

MARCH 11, 2025

Energy Market Assessment: Restoringupward mobility of the masses will have a profitable oil & gas drilling boom- oil and gas 360 While many are worried about stock market volatility, interest rates, tariffs and other uncertainty, The Climate Changing to stimulating is driving our bullish natural gas outlook. Figure 11: U.S.

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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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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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Oil & Gas 360º

MARCH 13, 2025

The vessel has a storage capacity of approximately 600,000 barrels of oil and processing capacity of approximately 80,000 barrels of oil per day. The remaining balance will be due when certain contractual obligations are met, which is expected by the end of second quarter 2025.

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Oil & Gas 360º

MARCH 4, 2025

Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd, helped for petrochemicals and jet fuel, Chief Executive Officer Amin Nasser said on an earnings call Tuesday. Oil in London dropped to the lowest in almost three months this week, following the OPEC+ plan.

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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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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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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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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. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2 million barrels. higher than last year.

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Valor

FEBRUARY 24, 2025

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. Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 crude output to grow from 13.2

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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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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). Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Oil Gas Leads

MARCH 4, 2025

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 per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% increase compared to the third quarter.

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Oil Gas Leads

MARCH 8, 2025

oil and gas production, and ONEOK Inc. 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 company plans to fill existing gathering capacity , which will support higher throughput on its long-haul crude pipelines.

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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. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels. million oil-equivalent barrels per day. million barrels.

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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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Oil Gas Leads

MARCH 10, 2025

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. March 10, 2025 The U.S.

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Oil Gas Leads

MARCH 11, 2025

oil and gas production. 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. Our goal is to export over 100 million barrels a month by 2027.”

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Crude Oil Futures

DECEMBER 2, 2024

The OPEC+ is supposed to outline their next move with regard to easing of the production cuts; OPEC+, a few months ago, said it would take place in December, having postponed in light of falling oil prices, on two occasions. It is an acute problem for the countries that completely rely on the revenue from oil to boost their coffers.

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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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Drillers

MARCH 24, 2020

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. The country exports most of the oil it produces even though it has a refining capacity of almost 450,000 BPD.

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The Energy Law

SEPTEMBER 13, 2007

Crude oil recorded yet another record high, increasing over $4 per barrel to nearly $80. Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 NYMEX (September deliveries) $6.438/MMBtu UP $0.63 West Texas Intermediate Spot $79.85/Bbl

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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%). Tom Long, co-CEO, Energy Transfer We’re learning a lot about data centers.

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The Energy Law

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

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

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

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 12, 2025

Crude oil imports in Asia have been nothing to write about so far this year. China, the worlds biggest importer of crude, saw a 5% decline in its foreign oil shipments over the first two months of the year. million barrels, down from 10.74 million barrels, down from 10.74 The average daily stood at 10.38

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Oil & Gas 360º

MARCH 12, 2025

Since striking a deal last year to hand Ecuadors Sacha field to Sinopetrol, an obscure consortium of foreign oil companies, Noboa has faced mounting criticism over his handling of the deal. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

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Oil & Gas 360º

MARCH 6, 2025

(Oil Price) –Mexicos state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest customer, the United States, a senior government official in Mexico told Reuters. But the 25% U.S.

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Oil & Gas 360º

MARCH 10, 2025

Leading Low Decline Light Oil Position in Saskatchewan : The combined company becomes the second largest producer in Saskatchewan with consolidated assets in west and southeast Saskatchewan. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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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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RBN Energy

MARCH 14, 2025

In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand. At the same time, the area has also seen increasing volumes coming in from PADD 2 and Canada.

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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. 2024 is almost in the books! JANUARY Sunoco LP Acquired NuStar Energy L.P. In a deal valued at $7.3

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Oil Gas Leads

MARCH 11, 2025

Expansion of crude oil gathering systems and joint ventures to support increased production. McCrea, Co-CEO Major Pipeline Investments to Unlock Permian Gas Supply With rising Permian production comes the need for expanded pipeline capacity to move natural gas, crude oil, and NGLs to market.

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Oil Gas Leads

MARCH 13, 2025

CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. BP is doubling down on its U.S. million and 2.5

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