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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. And if that wasn't bearish enough, media reports, led by The Washington Post , also suggested on Tuesday that Israel may not attack Iran's oil facilities as feared.

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Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. So k eep reading, keep it here, keep it 'crude'! That's all for now folks. There's plenty more to come from yours truly from Gastech.

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Upstream Midstream Downstream – What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Crude Oil Infrastructure & Market Integration ONEOKs crude oil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions. Bcf/d in 2025.

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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Strategic Highlights In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.

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