Rigzone

MARCH 6, 2025

million barrels on February 28, according to the EIA's latest weekly petroleum status report. Crude oil stocks, not including the SPR, stood at 433.8

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Rigzone: News

FEBRUARY 18, 2025

Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.

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Rigzone: News

FEBRUARY 27, 2025

million barrels on February 21, the EIA's latest weekly petroleum status report showed. Crude oil stocks, not including the SPR, stood at 430.2

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NGT News

APRIL 16, 2021

a midstream company focused on natural gas processing, fractionation, storage, transportation and marketing, says it is utilizing Topsoe’s H2bridge technology to produce approximately 3,000 barrels per day of renewable diesel from its proposed renewable diesel facility. Tidewater Midstream and Infrastructure Ltd.,

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Egypt Oil & Gas

MARCH 6, 2025

million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 from January to 1.83

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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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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). The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.

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Reporting Oil and Gas

NOVEMBER 28, 2023

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. million barrels produced in the same period in 2022. million barrels on behalf of the state. However, this marked a 9.54

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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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Energy Central

OCTOBER 7, 2024

According to the latest Weekly Petroleum Status Report from the U.S. million barrels per day. Energy Information Administration, year-to-date daily average oil production is 13.2 higher than last year’s record production of 12.5 million BPD. This ongoing growth in U.S. oil output remains a key driver of the global energy market.

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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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Energy Central

DECEMBER 26, 2023

On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This decision was driven by several factors, but it might be helpful to consider OPEC’s motivations.

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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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Global Energy

OCTOBER 21, 2016

to 4 million barrels per day by […] Iran is said to be targeting an increase in oil production from 3.85

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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. million barrels to 389.2

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Egypt Oil & Gas

MARCH 8, 2025

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.

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Iraq Business News: Oil & Gas

FEBRUARY 5, 2025

Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery , adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. It will also facilitate the Al-Shanafiyah power plant, secure petroleum product supplies, and generate employment.

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Iraq Business News: Oil & Gas

FEBRUARY 9, 2025

Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery , which has a planned production capacity of 70,000 barrels per day (bpd). By John Lee. The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion.

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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.

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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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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. BP (British Petroleum) Central to the success of the BTC Pipeline, which diversified Europes oil supply routes. million barrels of oil equivalent by 2005. shale revolution.

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The Energy Law Blog

JULY 26, 2013

By Greg Johnson and Stephen Wiegand In a July 17, 2013 decision, the United States Court of Appeals for the Fifth Circuit vacated a $6 million dollar penalty levied under the Clean Water Act (“CWA”) against CITGO Petroleum Corporation (“CITGO”) and remanded the matter to the Western District of Louisiana for further consideration.

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The Energy Law Blog

MAY 26, 2016

District Court Judge Dee Drell (Western District, LA) recently denied a motion to alter or amend the Court’s judgment against CITGO Petroleum Corp.– CITGO Petroleum Corp., The EPA sought a penalty of $4,300 per barrel. CITGO Petroleum Corp., allowing an $81 million judgment against the oil company to stand.

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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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Drillers

MARCH 24, 2020

That was formed in 1977 under the name National Nigeria Petroleum Company. 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. Nigeria joined OPEC in 1971 before it even had its own state oil company.

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The Energy Law Blog

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. Following the spill, the U.S. Coast Guard designated Settoon the OPA Responsible Party.

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Energy Central

SEPTEMBER 1, 2022

Strategic Petroleum Reserve (SPR) hit historic lows this week as President Joe Biden continues to order a record release of barrels from the emergency stockpile. The SPR now sits at around 453 million barrels – the lowest level in 37 years. For perspective, the U.S. million.

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Energy Central

JANUARY 4, 2024

OilPrice: "Is it time to refill America's Strategic Petroleum Reserve?" " Near the end of 2021, President Bidens ordered the release of 50 M barrels of crude from the SPR when consumers felt battered by the price of gasoline, then another 130 M barrels the next spring. per gallon.

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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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Rextag

FEBRUARY 24, 2025

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Oil Price & Market Dynamics (2024-2025) 2024 Oil Price Trends Brent Crude Oil Price (2024 Average): $80 per barrel. is expected to produce 13.5

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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. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

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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. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41 energy industry.

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OilPrice

MARCH 11, 2025

US Energy Secretary Chris Wright announced that he plans to work with the Congress to cancel the mandated sales of 100 million barrels of strategic petroleum reserves in 2026-2031 to refill SPR stock.-

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Oil & Gas 360º

MARCH 12, 2025

per barrel, while U.S. Elsewhere, the Organization of the Petroleum Exporting Countries backed its forecast for relatively solid growth in oil demand this year, noting that air and road travel would help drive consumption higher. dollar, although persistent concerns over the impact of tariffs on global demand limited the uptick.

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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 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. The UAE is a member of the Organization of the Petroleum Exporting Countries. oil production to plateau by the end of this decade, an outlook echoed by Vicki Hollub, CEO of Occidental Petroleum Corp.

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. For context, global oil consumption averaged about 103 million barrels per day last year.

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