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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Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.

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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. Pemex produced crude oil and condensate of 1.62

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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 Central

OCTOBER 7, 2024

According to the latest Weekly Petroleum Status Report from the U.S. 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. million BPD.

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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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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.

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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. That was formed in 1977 under the name National Nigeria Petroleum Company. The second measure is linked to oil prices.

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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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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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Oil & Gas 360º

MARCH 10, 2025

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Crude oil therefore refers to light oil, medium oil, tight oil and condensate.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Oil & Gas 360º

MARCH 13, 2025

a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. government data showed tighter-than-expected oil and fuel inventories. million barrels, more than the 1.9 “As of March 11, global oil demand averaged 102.2 million barrels per day, expanding 1.7

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Oil & Gas 360º

MARCH 12, 2025

(Investing) –Oil prices jumped on Wednesday, extending earlier gains that were powered by a weaker U.S. per barrel, while U.S. West Texas Intermediate crude futures had climbed by 2.1% Output by the wider OPEC+ group, which includes allies like Russia, also rose by 363,000 barrels per day in February.

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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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Oil & Gas 360º

MARCH 5, 2025

a barrel by 1408 GMT. West Texas Intermediate (WTI) crude declined $1.77, or 2.6%, to $66.49 Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices.

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Oil & Gas 360º

MARCH 10, 2025

Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. His rapid pivot on foreign policy with Russia could upend global oil flows and reduce the European market for U.S. oil and gas, if the U.S. a barrel this year and just $66.46

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. The estimated $20 billion would only be enough to buy about 301 million barrels of U.S.

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter.

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