Oil & Gas 360º

MARCH 10, 2025

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. 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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Orient Energy Review

MARCH 27, 2023

Argus said the 236,000bpd Exxons Port Jerome refinery, in northern Franceand the Gravenchon petrochemicals plant will stop operations today, Argus quoted the CGT. TotalEnergies Gonfreville refinery also shut down earlier in the weeka refinery producing 246,90 barrels per day.

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Rextag

NOVEMBER 6, 2024

BP, Chevron, Equinor, and Shell are evacuating offshore staff and preparing for potential impacts on their platforms, an all-too-familiar ritual for Gulf operators this year. million barrels of oil and 6.39 As Gulf operators and markets brace for Rafaels impact, the seasons end feels anything but certain.

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The Energy Law

NOVEMBER 1, 2013

By Jillian Marullo House Bill 2767, which took effect on September 1, 2013, was enacted to encourage recycling of the wastewater produced in hydraulic fracturing (or “fracking”) and other oil and gas operations. On average, over 83,000 barrels (or 3.5 billion barrels of wastewater were disposed of in Texas injection wells.

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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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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Chris Doyle, president and CEO, said Feb.

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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. Expanded operations in Alaska and the North Sea, pushing the boundaries of deepwater exploration. million barrels of oil equivalent by 2005. shale revolution.

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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. million barrels to 389.2 million barrels, while stockpiles at Cushing, Oklahomathe key Nymex delivery hubfell by 140,000 barrels to 25.1 million barrels.

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Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Sales prices averaged USD 35 per barrel with payments deposited into DNO's international bank accounts ahead of deliveries. By John Lee.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Eminent panellists included Barnali Barua Tokhi, MD, Bharat PetroResources Ltd, Rahul Patel, MD and CEO, Transcontinental Energy Services, Trailukya Borgohain, Director (Operations), Oil India Ltd. To this effect, the Oilholic hosted a Day III session titled " Harnessing the force of shale oil and gas in building future global energy systems.

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Iraq Business News: Oil & Gas

FEBRUARY 11, 2025

The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. The Deputy Minister called on refinery staff to ensure efficient operations and uninterrupted fuel supply. By John Lee.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

Permian Resources said 65 percent of 2025 operating activity will be focused in New Mexico and 30 percent in Texas in Delaware Basin and the remaining activity in Midland Basin. Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). Average lateral lengths in 2025 are forecast at 10,000 feet (9,300 in 2024).

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Rextag

JANUARY 9, 2025

billion due to macroeconomic and operational factors. billion hit to cash flow from operations due to emission-permit payments in Germany and the U.S., 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

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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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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 Mavericks operations currently yield an average of 77,000 barrels of oil equivalent per day.

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Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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Coolfire Core

JANUARY 2, 2020

As emerging technology brings operational hardware online, the distinction between IT and OT is blurring but whats the difference in the first place? What is the difference between Information Technology (IT) and Operational Technology (OT)? Read Full Text 2. What Is The Difference Between IT and OT? Read full text 3. Read Full Text 4.

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Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. million barrels per day (bpd) in 2024 to around 13.6 crude oil production will rise from a record 13.2

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Exprodat

JULY 25, 2024

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.2,

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The agreement covers four main fields in Federal Iraq -- the Baba and Avanah domes of the Kirkuk oil field, along with Bai Hassan , Jambur and Khabbaz -- all currently operated by the North Oil Company (NOC). BP subsequently expects to form a standalone incorporated joint venture to hold its interests in the operator.

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Rig Skills

MAY 25, 2020

Drilling rig operation report also called daily drilling report or DDR contain several acronyms. Let see some mostly used acronyms in oil and gas drilling rig operational game plan and daily drilling report. These acronyms minimize drilling report size and make it easy to read and understand.

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Reporting Oil and Gas

NOVEMBER 23, 2023

You are directed to immediately suspend the proposed partnership agreement, ongoing negotiations, operations and all other ancillary activities arising out of and consequent upon the proposed partnership agreement until you are otherwise advised by the Special Prosecutor, portions of the letter said.

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Rig Skills

FEBRUARY 26, 2019

Drillers Console: The control panel, located on the rig floor, where the driller controls drilling operations Rotary drilling rig crew use various tools for handling drilling string while tripping operation. Mud Bucket Is barrel type device used around drill pipe to collect mud and drain to flow line while pooh.

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Energy Transfer

FEBRUARY 12, 2025

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. This was offset by lower interruptible utilization, reduced rates on Panhandle and increased operating expenses.

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The Energy Law

MARCH 15, 2023

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs.

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Oil Gas Leads

MARCH 11, 2025

Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. Jim Teague on Export Growth: “We exported over 70 million barrels of hydrocarbons in December.

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. 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.

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The Energy Law

JULY 21, 2016

Consider the following hypothetical: Operator X enters into an Oil Purchase Agreement to sell oil from a mineral lease to First Purchaser Y. By law, Operator X is the “severer” of oil and is therefore subject to the Louisiana oil severance tax under LA.

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Coolfire Core

OCTOBER 15, 2019

Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supply chain. At every level, companies must have accurate insight into their operations in order to make proactive and cost-effective decisions.

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Rextag

JANUARY 21, 2025

With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. shale sector is experiencing a robust wave of mergers and acquisitions (M&A) as companies seek to bolster inventory and scale their operations. CONSOLIDATION GAINS MOMENTUM AMID INVENTORY CONCERNS The U.S.

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Rextag

FEBRUARY 13, 2025

Cash Flow from Operations 4Q 2024 : $7.43 billion Despite stronger operational cash flow quarter-on-quarter, the company reported a net loss of $2 billion (vs. Signed an MOU with the Iraqi government, exploring redevelopment in the Kirkuk oilfields, estimated at around 9 billion barrels of recoverable oil.

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OilPro

MARCH 16, 2020

These operate in a narrow band as they cannot over-draw. Are you interested in building tanks in-country using Canadian expertise with transportable API tanks up to 3,000 Barrels? This is because it is increasingly less acceptable to vent tanks of any size to atmosphere with commensurate GHG emissons.

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The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17

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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. As ONEOK continues to integrate its recent acquisitions and optimize operations, the Permian Basin remains a core driver of its success.

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The Energy Law

SEPTEMBER 23, 2008

per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75

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Rextag

MARCH 3, 2025

million barrels per day by 2030. Expanding Oil and Gas Operations BP is doubling down on fossil fuel projects with a focus on: Exploration and Drilling BP will expand operations in key regions, including the Gulf of Mexico, the North Sea, and the Middle East. million and 2.5 billion and $2 billion annually.

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