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In Europe, utilities across the European Union boosted electricity output from gas and coal plants by 13% in the first half of 2025 from a year earlier—the biggest annual increase for January to June since 2017. Gas-fired power plants saw generation jump by 19% to the highest level in three years.
Oil sands had an average break-even price of $51.80/bbl bbl between 2017 and 2019, according to BMO. In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill.
In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Despite the surge, investors remain cautious due to lingering dividend repatriation restrictions and high country risk.
Onshore crudeoil production in U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. Onshore production includes both legacy oil production primarily from vertically drilled wells and newer tight oil production primarily from horizontally drilled wells.
"The increased trajectory for Canadian oil sands production growth amidst a period of oil price volatility reflects producers' continued emphasis on optimization—and the favorable economics that underpin such operations," Kevin Birn, chief Canadian oil analyst for S&P Global Commodity Insights, said.
Trade direction shifted due to G7/EU sanctions on Russian oil, benefiting major Indian oil companies. Most discounts on Russian crude stem from high shipping costs, not direct savings for refineries. Figure (1) shows India’s crudeoil imports since 2017.
(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crudeoil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crudeoil production in Alaska peaked at 2.0
Energy Information Administration on Wednesday forecast that Alaska’s annual crudeoil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.
March 27, 2025 Chart of the Day EOA: Indian Oil Demand at All Time High in March Summary Figure (1) shows the monthly trend in India’s crudeoil exports since the beginning of 2017 as reported by Kpler. Preliminary data show that imports in March are the highest on record. Details and impact are discussed below.
NEW MEXICO, USA – JULY 22, 2017: Phillips 66 gas station sign and logo. (BOE Report) – Phillips 66 is expected to nominate two new directors to its board as the proxy fight with activist Elliott Investment Management intensifies, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. produced about 5 million barrels of crudeoil per day, down by half from the 1970s. That $62 per barrel break-even price in Midland is up from $46 in 2017. Twenty years ago, the U.S.
The dispute between ETP and Enterprise began in 2011, when Enterprise approached ETP about potentially building a crudeoil pipeline together. Energy Transfer Partners has garnered significant amicus support on both sides of the “v.” and has been closely followed by the energy industry.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Output of crudeoil in the play will plateau at 7.7 million bpd, and this will more than offset production declines in other producing regions in the countrymeaning oil demand will be healthy enough to support such a trend.
” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join. The government of his successor, President Nicolas Maduro, has called the auction “the theft of the century.”
billion euros for a stake in the Yuzhno- Russkoye oil field, one of Russias largest, in 2017, saying at the time that it could add 100,000 barrels of oil equivalent (boe) per day to its production. OMV Putin also ordered the transfer of OMV stakes in Russian ventures in December 2023. OMV paid 1.75
From an original concept in 2017 through taking the company public in 2024 and looking to drill our first wells in Hungary later this year, Im filled with a great feeling of achievement and satisfaction.
Strathcona would like to thank its entire Montney team, led by President Al Grabas, for their invaluable contributions in growing the Montney business from just 5 Mboe / d in January 2017 to 72 Mboe / d in 2024. This press release contains various references to the abbreviation boe which means barrels of oil equivalent.
Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crudeoil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. While bumpy, this road has since 2014 led to a marked drop in attacks on oil infrastructure in the Delta.
9, 2017), the United States Fifth Circuit Court of Appeals held for the first time that a Responsible Party under the Oil Pollution Act of 1990 (“OPA”) has a statutory claim for contribution to recover purely economic damages from a partially liable third party. In Settoon Towing, L.L.C. Marquette Transportation Company, L.L.C. ,
1] (“ Bayou Bridge ”) centers around the construction of a crudeoil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. On July 15, 2020, The Third Circuit Court of Appeals issued an opinion awarding damages for a violation of due process rights against a private pipeline company. 3d at 708.
1] (“ Bayou Bridge ”) centers around the construction of a crudeoil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. On July 15, 2020, The Third Circuit Court of Appeals issued an opinion awarding damages for a violation of due process rights against a private pipeline company. 3d at 708.
REGIONS: EIA forecasts Alaska crudeoil production will grow for first time since 2017; Fate of fracking in California in the balance in court case; NATIONAL: Chevron buys 5 pct of Hess via open market; Energy fantasy versus reality in woke-land — Part III; Trumps tariff stick strikes unease among oil and gas.
According to Jeff Currie, formerly with Goldman Sachs and currently with Carlyle, the international oil trade peaked in 2017 and has since been on the decline due to the rise in wind and solar electricity that is produced locally.
The graph includes data points for the years 2017, 2024, and two specific dates in 2025: April 2, when reciprocal tariffs were announced, and May 14, when Chinas reciprocal tariff was reduced to 10 percent. The vertical axis, ranging from 0 percent to 110 percent, shows the US trade-weighted average tariff percentage.
Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crudeoil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7] 8] This time, the permit was approved within two months, on March 23, 2017. [9] Constitution.
The Keystone Pipeline is a system of petroleum pipelines designed to transport crudeoil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7]. 8] This time, the permit was approved within two months, on March 23, 2017. [9] Constitution. Background.
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