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Whitecap Resources and Veren to combine in a $15 billion transaction to create a leading Canadian light oil and condensate producer

BOE Report

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney [Read more]

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Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project

OilPrice

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer

OilPrice

billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. billion (C$15 billion), and 370,000 barrels of oil per day (boe/d) of production, 63% of Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion), inclusive of net debt.

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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Condensate Recovery Solutions from OilPro

OilPro

OilPro is constantly on the lookout for new solutions that help those in the oil & gas business do business better. With that in mind, OilPro now offers condensate recovery solutions that do exactly that. What is the purpose of a condensate recovery solution? What is the purpose of a condensate recovery solution?

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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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EIA Raises USA Crude Oil Production Forecasts

Rigzone: News

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