Rigzone: News

FEBRUARY 18, 2025

BP expects an additional production of 220 billion cubic feet of natural gas and seven million barrels of condensate.

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NGT News

AUGUST 12, 2020

million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. 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

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

million barrels (80,200 barrels per day) up 23 percent from 2023. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d).

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Permian Basin Oil and Gas Magazine

MARCH 11, 2025

BANGL transports up to 250,000 barrels per day of natural gas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. It currently is being expanded to 300,000 b/d by second half 2026. Maryann Mannen, president and CEO, said Feb.

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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. per barrel , marking a 5.2% Natural gas prices also saw strong growth, with Henry Hub natural gas averaging $14.17 per barrel of oil equivalent (boe) , up 15.6% year-over-year increase.

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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%). Interstate Natural Gas. Intrastate Natural Gas.

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Oil Gas Leads

MARCH 8, 2025

Natural Gas & NGL Infrastructure Expansion ONEOK is expanding its natural gas and NGL (natural gas liquids) infrastructure in the Permian to capture growing production volumes. This move supports the companys growing gas gathering and processing footprint.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Yours truly had the pleasure of reconnecting with the Minister and interviewing him for Forbes to discuss a host of energy related issues. mmtpa from 2026 for 14 years.

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Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). The company also announced the divestiture of its Barilla Draw natural gas and oil gathering systems for $180 million. Fullyear 2024 production was 159,200 b/d of oil and 343,500 boed both significant increases over 2023.

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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 11, 2025

oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Jim Teague, Co-CEO: “Rich natural gas production, just sticking to the Permian, continues to exceed our expectations.

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Rextag

JANUARY 9, 2025

ADJUSTED PRODUCTION AND VOLUME FORECASTS Shell also reduced its integrated gas production outlook for the fourth quarter to 880,000 and 920,000 oil-equivalent daily barrels, citing scheduled maintenance at a Qatar-based facility. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels.

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Rextag

DECEMBER 18, 2024

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally. Chevron Invested heavily in unconventional gas and LNG, particularly in the Gulf of Mexico and the Barnett Shale. million barrels of oil equivalent by 2005.

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The Energy Law

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. Natural Gas in Storage 3,069 Bcf UP 64 Bcf 9.3%

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The Energy Law

SEPTEMBER 6, 2007

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

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Rextag

JANUARY 29, 2025

Headquartered in Birmingham, Alabama, Diversified Energy specializes in acquiring and managing legacy natural gas wells, with a market capitalization exceeding $800 million as of last Friday. Maverick, based in Houston, focuses on oil and gas production primarily in Texas and Oklahoma, including assets in the Western Anadarko Basin.

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Oil Gas Leads

MARCH 10, 2025

million barrels per day (bpd) in 2024 to around 13.6 On the natural gas side, the EIA predicts a 73% increase in spot gas prices in 2025, which could prompt producers to boost drilling activity following a 14% price drop in 2024. natural gas production is forecasted to reach 104.6 million bpd in 2025.

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Rextag

NOVEMBER 6, 2024

million barrels of oil and 6.39 billion cubic feet of natural gas production per day, according to Earth Science Associates. Earlier forecasts from the Energy Information Administration had predicted as many as 25 storms, warning of record-breaking disruptions for the oil and gas industry.

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Rextag

JANUARY 21, 2025

NATURAL GAS: THE HAYNESVILLE LEADS, APPALACHIA LAGS Natural gas remains a growth engine, particularly in the Haynesville Shale , which benefits from its proximity to expanding LNG export terminals. MMBtu, improving the outlook for natural gas-focused plays. Currently, at $2.75/MMBtu,

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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 price of LNG, liquified natural gas, was at $3.18. The departure of Angola from the alliance is a case in point. respectively.

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Rextag

MARCH 3, 2025

Key Changes in BPs Energy Strategy BPs revised energy strategy involves several significant adjustments, including: Increased Investment in Oil and Gas BP will now allocate $10 billion annually to oil and gas projects, up 20% from previous plans. The company aims to boost daily oil and gas production to between 2.3

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Rextag

FEBRUARY 13, 2025

Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). Renewable Natural Gas (RNG) : Archaea Energy started up nine new RNG plants in the U.S.,

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Drillers

MARCH 24, 2020

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

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The Energy Law

SEPTEMBER 23, 2008

Further, this section directs FERC with the Secretaries of Energy, Transportation and Interior to “facilitate the.the construction of pipelines necessary to transport oil and natural gas through NPRA to existing transportation of processing infrastructure on the North Slope of Alaska.”

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Rextag

OCTOBER 31, 2024

Earnings per share plummeted to $2.25, and the decline was largely due to a 14% dip in crude realisations and a spine-tingling 60% decrease in natural gas realisations. Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana.

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OilPrice

MARCH 7, 2025

million barrels. million barrels. Natural gas imports also slowed during the first two months of the year, by a sizable The total that China imported over the first two months of the year came in at 83.85 million tons, according to a Reuters report, which translated into an average daily import rate of 10.38

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Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. 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. This growing demand for U.S.

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Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. The IEA assumes that Gulf nations will rapidly phase out oil in electricity generation, replacing it with renewables and natural gas. Higher economic growth = higher energy demand.

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Oil & Gas 360º

MARCH 10, 2025

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Oil Gas Leads

MARCH 11, 2025

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. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank. Phase 1 (1.5

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Oil Gas Leads

MARCH 7, 2025

The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply. Potential crude price benefits from proposed U.S.

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Rextag

FEBRUARY 24, 2025

Infrastructure and Market Adjustments Infrastructure limitations, particularly in natural gas takeaway capacity, have been a key bottleneck for Permian growth in previous years. Natural Gas Production: 25.8 Projected Natural Gas Production: Expected the Haynesville region to account for 14% of the U.S.

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Energy Transfer

DECEMBER 23, 2024

The joint venture operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels. The pipeline will provide much-needed transportation capacity out of the Permian Basin to serve growing natural gas demand.

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. oil, gas rig count falls Summary : The US oil and gas rig count fell by 1 to 592 this week, down 30 from the same time last year, with oil rigs remaining at 486 (down 18) and gas rigs decreasing to 101 (down 14).

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Crude Oil Futures

FEBRUARY 26, 2025

per barrel, and Brent crude at $72.81. Liquefied natural gas (LNG) prices have also decreased, following a doubling from what it was in the last quarter of 2024. However, a significant drop in oil prices below $60 per barrel would pose substantial revenue challenges for oil-producing nations, reminiscent of the 2012 downturn.

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Oil & Gas 360º

MARCH 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. Foreign energy companies see opportunity in America’s vast natural resources and Trump’s pro-energy policies. . He said those investments would include the natural gas supply chain.

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