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U.S. Onshore Oil Production Soars to Record Highs

OilPrice

crude oil production from onshore federal lands hit a record 1.7 That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. million bpd over the same period. The driver?

Oil
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U.S. onshore oil production soars to record highs

Oil & Gas 360º

(Oil Price) – U.S. crude oil production from onshore federal lands hit a record 1.7 That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 Federal offshore oil, by contrast, hasn’t kept pace. million bpd over the same period. The driver?

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BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. The country aims to boost its current oil production of about 1.1

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

2),” Eurostat, accessed June 2024; “Employment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 10 “CO 2 storage projects in Europe,” International Association of Oil and Gas Producers, March 2024. In addition, most of Europe’s depleted oil and gas fields are located at sea.

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Geothermal from Great Basin: Great Potential

Permian Basin Oil and Gas Magazine

The new assessment, which updates a 2008 USGS assessment, depends on widespread commercial-scale development and continued successful application of evolving and emerging technologies, many of which have been developed over the past several decades in the geothermal and oil and gas industries.

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Irán, el efecto Hormuz y Pemex

Oil & Gas Magazine

registrado en 2008. 2008, 2011-2013) fortalecieron temporalmente los ingresos de Pemex y su contribución al fisco. Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint.” Oil Market Report, junio 2025. Citado en Euronews: “How vital is the Strait of Hormuz for oil market?” , 16/06/2025).

E&A
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How Close Did Iran Come to Shutting Strait of Hormuz?

Rigzone

When asked how high oil prices would have climbed if Iran had shut the Strait, Morse told Rigzone that it is close to impossible to see how much oil prices would have increased had Iran shut the Strait or if Iran succeeded in shutting the Strait in the near future. “Would it be $120 or $130 initially?