OilPrice

MARCH 11, 2025

Once upon a time, in the not-so-distant past, the United States was the world's largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity. was staring down the barrel of energy scarcity.

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OilPrice

MARCH 11, 2025

Indonesia is doubling to 1 million barrels per day (bpd) the planned capacity of the new refineries it will build in an effort to boost its energy security and downstream industry. To cover its domestic demand, Indonesia currently

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OilPrice

MARCH 7, 2025

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is realbut temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations.

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OilPrice

MARCH 13, 2025

Energy Information Administrations latest inventory report that showed a more sizable draw than expected. per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. The Energy Information Administration reported a crude oil stock build of 1.4

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Crude Oil Oil Barrel Energy 139

NGT News

MAY 17, 2021

Seaboard Energy, a company that specializes in alternative energy sources, has chosen Haldor Topsoe’s HydroFlex renewable fuel technology to produce renewable diesel from tallow and soybean oil. The 6,500 barrels-per-day renewable diesel unit is currently under construction at Seaboard Energy’s site in Hugoton, Kan.,

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Utilities Energy Energy Barrel 147

NGT News

AUGUST 12, 2020

ExxonMobil has signed an agreement with Global Clean Energy Holdings, a developer of sustainable, non-food energy crops for use in biofuels, to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022.

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Refinery Energy Energy Barrel 147

OilPrice

MARCH 11, 2025

Kazakhstan has been one of the most consistent laggards, alongside Iraq and Russia, but now it is trying to reverse the trend and make up for the excess production by cutting around 620,000 barrels daily.

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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe. Wright, speaking to reporters at the [Read more]

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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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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. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.

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Energy Central

FEBRUARY 10, 2022

Does the winter energy crunch mark the start of a much longer energy crisis? New studies into the oil industry’s diminishing energy returns (EROI) suggest we are slipping down a perilous energy cliff. Energy Flux delves into.

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Barrel Oil Energy Energy 59

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 9: U.S.

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NGT News

APRIL 3, 2024

Downstream energy provider Phillips 66 has achieved a major milestone in its conversion of its San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel.

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Downstream Refinery Barrel Energy 130

Oil & Gas 360º

MARCH 11, 2025

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. The supermajor and its partners have several oil projects on stream, collectively producing more than 650,000 barrels per day (bpd) of crude oil.

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Natural Gas Oil Gas IT 130

Rigzone: News

MARCH 3, 2025

The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.

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Oil Barrel Energy Energy 62

Oil & Gas 360º

MARCH 4, 2025

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. million bpd growth forecast by the International Energy Agency. Oil use is set to rise by 1.3 Thats slightly higher than the 1.05

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. million barrels (80,200 barrels per day) up 23 percent from 2023. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d). Oil production last year was 29.4

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Oilholics Synonymous Report

NOVEMBER 30, 2024

The last few weeks have brought range-bound volatility to the oil market with Brent futures oscillating between $70 and $75 per barrel. All the while rising numbers of non-OPEC, especially US, barrels continue to hit the market. That's all for the moment folks. Keep reading, keep it here, keep it 'crude'!

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Oil Barrel IT Energy 130

Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Barrel Energy Energy Oil 52

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. million barrels to 435.2 Crude inventories rose by 1.4

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Maintenance Crude Oil Barrel Refinery 62

Energy Central

FEBRUARY 18, 2022

The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). But the shale boom had put millions of new barrels of oil into. 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.

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Energy Central

NOVEMBER 21, 2022

According to the Energy Information Administration (EIA), at the beginning of the pandemic U.S. million barrels per day (BPD) of operable refining capacity (Source). One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. refiners had 19.0

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Rigzone: News

FEBRUARY 25, 2025

According to its latest short term energy outlook, the EIA sees U.S. million barrels per day this year. crude oil production, including lease condensate, averaging 13.59

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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. That said, outlandish $100 per barrel oil price predictions can once again take a back seat. Headwinds are in fact gathering momentum and yet lower prices may follow.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.

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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. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6%

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Basin Energy Energy Natural Gas 52

Oil & Gas 360º

MARCH 4, 2025

Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

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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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Energy Central

SEPTEMBER 12, 2024

million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World monthly crude oil production based on data of the US Energy Information Administration (EIA). World crude oil extraction reached an all-time high of 84.6

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Crude Oil Oil Barrel Energy 59

Oilholics Synonymous Report

SEPTEMBER 10, 2024

Having breached $75 per barrel floor, Brent futures are now testing $70 with the WTI having fallen through it some time ago. Away from pricing, here's yours truly latest missive for Energy Connects on M&A activity in the sector which appears to be pretty buoyant. More musings to follow soon.

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Oilholics Synonymous Report

JANUARY 29, 2025

(Left to right: Leigh Hackett, Chairman of Metafuels, Marco Ranocchiari, Leader of Energy Systems Integration platform, Paul Scherrer Institute, Gaurav Sharma, Energy Analyst, Oilholics Synonymous, Saurabh Kapoor, CEO of Metafuels at the Aerobrew pilot plant and laboratory.) With those final thoughts, it's time take your leave.

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Rextag

JANUARY 9, 2025

The announcement highlights the ongoing challenges facing the energy giant. billion within its renewables and energy solutions segment. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels. million oil-equivalent barrels per day. million barrels. billion to $3.0 million and 7.2

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Barrel Energy Energy Oil 40

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 29, 2025

Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 billion, factoring in Diversified Energys assumption of $700 million in Mavericks outstanding debt.

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Energy Central

APRIL 3, 2023

million barrels a day. million barrels of crude a day, or more than 1 percent of world supplies, in an apparent effort to increase prices. Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2

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Energy Central

AUGUST 25, 2022

The current case of the FSO Safer brings to light a practice that needs to stop. Storing oil in decommissioned tankers has been ongoing for decades. It’s a marketing ploy by oil traders who purchase during periods of low prices and hold onto the oil until demand and prices rise.

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Energy Central

JUNE 16, 2022

Then the results can be integrated into energy planning for every city. This same type of assessment could and should be done for North America too.

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