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(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. tariff threats.
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. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.
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.
Image by traveler1116 via iStock Canadian oil sands production will reach record annual production in 2025 despite lower prices, according to a forecast from S&P Global Commodity Insights. Oil sands production in the country is projected to reach 3.5 million barrels per day (bpd) for the year, 5 percent higher than last year.
(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.
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crudeoil per day, down by half from the 1970s. Twenty years ago, the U.S.
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.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. Output of crudeoil in the play will plateau at 7.7 million barrels daily.
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.
Oil and gas exports are a key revenue source for Moscow. Here is a summary of some of the energy assets and companies affected: SAKHALIN-1 OIL AND GAS PROJECT Exxon MobilCorp (NYSE: XOM ) held a 30% operator stake in Sakhalin-1, which is a project to develop oil and gas off the coast of Sakhalin Island. In 2022, Exxon took a $4.6
(Oil & Gas 360) Publisher’s Note: CanCambria Energy will be presenting at the 30th Anniversary of EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. From 2015 to 2024, Mr. Pierce was CEO and Director of TAG Oil Ltd., a TSX-listed oil and gas producer in Australasia and Egypt.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. 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. Tourmaline) for $291.5
The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was relaunched in January after a year-long bidding process ended in shambles amid arguments over Citgos worth and parallel legal cases. (Investing) –HOUSTON – A 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.
The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.
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. In answering the BBP’s expropriation petition, the Landowners alleged that the expropriation system was unconstitutional as it applied to oil pipelines. 3d at 708. [8]
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. In answering the BBP’s expropriation petition, the Landowners alleged that the expropriation system was unconstitutional as it applied to oil pipelines. 3d at 708. [8]
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.
(Oil Price) –The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. The concerns focus on tariffs hurting demand for crude as they make various goods more expensive.
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. For Indiaâs exports to China, for example, the higher ratio is driven by products like castor oil.
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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