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Who Is The World's Top Oil Consumer?

Rigzone

Demand in the country hit 18.995 million barrels per day last year, the report revealed, highlighting that this represented a 0.1 From 2014 to 2024, U.S. From 2014 to 2024, U.S. China was shown in the report to be the second biggest oil consumer last year, with 16.373 million barrels per day. From 2014 to 2024, U.S.

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Who Is The World's Top Oil Producer?

Rigzone

produced 20.135 million barrels of oil per day in 2024. percent from 2014 to 2024. Saudi Arabia was shown in the report to be second biggest oil producer in the world last year, with 10.856 million barrels per day. From 2014 to 2024, Saudi Arabia has seen an average yearly oil production decline rate of 0.6 This was a 2.0

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OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

Oil & Gas 360º

Focus is now on the group’s intentions for those barrels. million barrel-a-day round of cuts is unwound” at the group’s next meeting in early August, Daan Struyven, the bank’s co-head of global commodities research, told Bloomberg TV on the sidelines of a seminar the Organization of the Petroleum Exporting Countries is holding in Vienna.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million daily barrels within a year, according to Seliman. The development of its north Jalo field alone would add 100,000 barrels. million bpd.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position of strength. In the years following the oil price crash of 2014-15, international oil majors including BP, Chevron and Total sold their interests in Canadian oil sands. and $40.85, according to a Bank of Montreal analysis for Reuters.

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Texas Supreme Court rules produced water belongs to mineral lessee

Permian Basin Oil and Gas Magazine

The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water. In 2019 and 2020 the Colliers signed “produced water lease agreements” with Cactus Water Services, conveying produced water to Cactus.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. The discovery was drilled near the Drivis discoveries of 2014, according to a press release by Equinor. percent stake.