Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields.

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Egypt Oil & Gas

MARCH 6, 2025

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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Energy Central

MARCH 13, 2025

The Port of Vancouver’s (PoV) 2024 crude oil clarion cry will be music to the ears of anyone banking on diversifying Canadian petroleum exports to non-U.S. But a curb-your-crude-enthusiasm chorus threatens to spoil the outbound oil shipping party in 2025. Ship, baby, ship!

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Daily Energy Report

FEBRUARY 24, 2025

February 24, 2025 Chart of the Day EOA: Germany's Oil Consumption Increased in 2024 and is Expected to Rise in 2025 Summary Figure 1 shows monthly trends in Germany's imports of crude oil and petroleum products since the beginning of 2022. Imports increased in 2024 compared to 2023.

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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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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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Oilholics Synonymous Report

SEPTEMBER 18, 2024

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. Photo II: Gaurav Sharma holds a fireside chat with Hardeep Singh Puri, Minister of Petroleum and Natural Gas, India on 17.09.24.

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Oil & Gas 360º

MARCH 10, 2025

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. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

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Egypt Oil & Gas

MARCH 9, 2025

Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations.

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Energy Central

OCTOBER 7, 2024

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

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Producer's Edge

JANUARY 6, 2025

2022), the Texas Supreme Court held that PGP is an “oil product” qualifying for statutory condemnation authority under section 2.105 of the Business Organizations Code because it is derived from crude oil. HSC Pipeline P’ship, LLC, 650 S.W.3d 3d 483, 494 (Tex.

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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The Energy Law

SEPTEMBER 4, 2009

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. The Tiber well is located in the western Gulf of Mexico, southwest of New Orleans in U.S.

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Rextag

NOVEMBER 25, 2024

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? crude oil inventories grew by 545,000 barrels last week to reach 430.3 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 crude oil production fell to 13.2

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Valor

FEBRUARY 24, 2025

crude oil inventories increase by 4.6 crude oil inventories rose by 4.6 Total petroleum inventories increased by 0.2 Read more U.S. million barrels Summary : U.S. million barrels to 432.5 million barrels as of February 14, 2025, 3% below the five-year average, according to EIA data. Refinery inputs averaged 15.4

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Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

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Drillers

MARCH 24, 2020

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. That was formed in 1977 under the name National Nigeria Petroleum Company. million BPD as of November 2019.

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Aresco

AUGUST 13, 2024

One of the primary risks is the volatility of oil and gas prices, which can fluctuate based on a variety of factors, including geopolitical events, changes in OPEC (Organization of the Petroleum Exporting Countries) production quotas, and shifts in global energy demand.

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The Energy Law

JUNE 13, 2017

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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Drillers

MARCH 19, 2020

Living on an offshore oil rig or a platform, or in living quarters on a vessel attached to a rig, all have similar challenges. Offshore oil fields represent a substantial portion of the worlds total crude oil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out.

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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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Oil & Gas 360º

MARCH 10, 2025

Crude oil therefore refers to light oil, medium oil, tight oil and condensate. Crude oil therefore refers to light oil, medium oil, tight oil and condensate. Liquids refers to crude oil and NGLs combined. NGLs refers to ethane, propane, butane and pentane combined.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Crude Oil Futures

DECEMBER 19, 2024

The alternative is to use cheap, low-quality-and low-yield heavy oil for the power plants that in turn contributes to yet another lingering issue that Iran has been facing - disastrous pollution in the major cities that is responsible for an acute health crisis. Not only is it a waste, but also a significant contributor to air pollution.

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Oil & Gas 360º

MARCH 12, 2025

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. crude oil production this year is set to post a blow past a prior estimates, according to the U.S. Meanwhile, U.S.

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Oil & Gas 360º

MARCH 13, 2025

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, revising down its 2025 demand growth forecast.

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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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Crude Oil Futures

NOVEMBER 13, 2024

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. If Iran's supply of crude oil is disrupted, by picking on both obvious and clandestine buyers, there will be a possibility of global crude stocks going down.

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RBN Energy

MARCH 11, 2025

Strategic Petroleum Reserve (SPR) inventories have been climbing for more than a year, but they could go much higher if President Trump has his way, as one of his major campaign promises was to refill the SPR to the very top, a goal he has repeated since his return to the Oval Office.

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Oil & Gas 360º

MARCH 11, 2025

The province has announced it will collect bitumen royalties in the form of the heavy oil itself, as opposed to cash, which Albertas arms-length commercial oil and gas agency can then sell.

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Energy Outlook Advisors

FEBRUARY 3, 2025

Canada imports about 500 kb/d of petroleum products, as shown in Figure (3). Here is Why: A 10% tariff on oil imports from Canada, starting Tuesday, would increase diesel prices by about 1-11 cents. But the problem is much larger: Higher prices will attract supplies from other states that have nothing to do with Canadian oil.

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Oil & Gas 360º

MARCH 5, 2025

Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices.

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Oil & Gas 360º

MARCH 10, 2025

Crude prices hit a three-year low below $70 a barrel this week after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to go ahead with a planned April output increase. Even before that, lower oil prices in 2024 and rising costs for equipment and services had squeezed energy companies.

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Crude Oil Futures

NOVEMBER 7, 2024

In anticipation of a supply boost in the near future, the oil markets reacted to his reelection that defied both pundits and pollsters; the price of crude oil went down by a moderate margin. As of 12:05 GMT on Thursday, the prices of WTI and Brent were at $70.45 respectively.

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Valor

JANUARY 20, 2025

Read more Republican states sue Biden over drilling limits Summary : Several Republican-led states, including Mississippi, Alaska, Louisiana, Alabama, and Georgia, along with the American Petroleum Institute, have filed a lawsuit against the Biden administration challenging its restrictions on offshore oil and gas drilling.

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Crude Oil Futures

JANUARY 25, 2025

When Biden's diplomatic efforts failed, he resorted to releasing oil from the Strategic Petroleum Reserve (SPR), which was at odds with its intended use for emergencies rather than market stabilization. This action indeed lowered oil prices temporarily but left the SPR at historical lows, impacting U.S.

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. crude at today’s prices, and would bring the reserve to less than 700 million barrels.

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