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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. licenses allowing foreign partners to operate in the sanctioned OPEC member.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

million barrels of oil equivalent. million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million standard cubic meters of oil equivalent (approximately 30.8

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How has the U.S. energy use changed since 1776?

Oil & Gas 360º

Natural gas was once considered a waste byproduct of crude oil production but now has become a common energy source for heating and electricity generation. In 2016, biofuels —including the fuel ethanol mixed in motor gasoline—became the most-consumed U.S. Natural gas is the second-largest source of U.S. renewable energy source.

Energy 130
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EOG Resources $5.6B Bet on the Utica: What It Could Mean for the Wider M&A Market 

Enverus

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. The Utica’s oil and liquids window, while less mature than the Permian or Eagle Ford, has emerged as one of the most promising new frontiers in U.S.

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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. Source: Ministry of Oil) The post Iraq Expands Gas Projects to Curb Flaring first appeared on Iraq Business News. By John Lee.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Global spending on upstream oil and gas is gravitating to the Middle East , the report finds, which is set to invest around US$130bn in oil and gas supply in 2025, around 15% of the global total. Around US$2.2

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 million bbl of oil equivalent in Triassic reservoir rocks. The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6