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Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev.
Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Groups Jeff Currie wrote in a research note Monday.
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. million barrels daily. To be sure, the boom days seem to be over. To be sure, the boom days seem to be over.
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Sanctions on Iran and Venezuela in 2018 worsened the situation, with both countries using dark fleets to export oil, and Iran ceasing to publish OPEC production data.
(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil 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 crude oil production in Alaska peaked at 2.0
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 crude oil 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. million b/d in 2024.
The Susquehanna County (PA) Court of Common Pleas has set a date of October 6, 2025, to hear a “Dimock” case between Kemble (and his lawyers) and Coterra Energy (originally Cabot Oil & Gas), in a case that stretches back to 2017.
Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil 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 crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
Higher oil prices early in the year helped the OFSE sector recover in Q2 2017, driven by strong growth in North American shale, and the promise of an improvement elsewhere.
oil production. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. The Permian Basin is best known as the beating heart of U.S. power demand growth —and it’s just getting started. Breaking Down the 7.5
Clay Gaspar (Devon): Consistency is what unlocks $40 oil. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Shale Factory Model appeared first on Oil Gas Leads. Ryan Lance (ConocoPhillips): Shale is no longer about just drilling faster.
(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 crude oil 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.
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 crude oil 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.
million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. Why the Utica?
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
Kelly moved for partial summary judgment against Aethon, citing a December 15, 2017 letter and April 17, 2018 letter as satisfying the requirements of La. The district court made this ruling despite the fact that the December 15, 2017 letter closely tracked the language of La. respectively. 30:103.1.”.
TORONTO – Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 CPP Investments says EOG Resources is the buyer of Encino Acquisition Partners, which CPP Investments and Encino Energy established in 2017 with the aim of building it [Read more]
AI in the nuclear power sector: Insights from the 2024 GETI Report Since its launch in 2017, the Global Energy Talent Index (GETI) Report has detailed emerging trends across the global energy workforce.
(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.
Exploring AI's impact in the renewable sector: Insights from the 2024 GETI Report Since its inception in 2017, the Global Energy Talent Index (GETI) Report has shared insights from thousands of professionals to create a comprehensive map of the energy landscape.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025.
Production on the only well ceased in September 2017. Scout’s predecessor, ConocoPhillips, made shut in royalty payments for each lease to the Lessor in September 2017. Then in October 2017, Scout made second shut in royalty payments to the Lessor on both leases.
Many oil and gas companies are currently spending more than they earn, anticipating higher oil prices. If prices do not continue to recover, 2017 could be a year of reckoning in the industry.
February 25, 2025 Chart of the Day EOA: Sidi Kerir Oil Inventories are at Historic Lows Summary Figure (1) shows trends in weekly inventories at the Sidi Kerir port in Egypt since 2017. Below we discuss the impact on global oil markets. Current inventories are at historic lows, even compared to earlier dates.
(Oil & Gas 360) Vancouver, BC April 15, 2025 CanCambria Energy Corp. With over 40 years of international experience in the oil and gas sector, Mr. Vaughan brings a proven track record of operational excellence across the full lifecycle of well design and execution. Over her tenure, Ms.
Some stability returned to the OFSE sector in Q1 2017, with strong US onshore performance offsetting moderate decline elsewhere. However, prosperity has not yet arrived as oil prices went sideways.
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.
(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 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.
Hay que tomar en cuenta que el Convenio de Minamata, impulsado por el PNUMA, es un tratado global que busca proteger la salud humana y el medio ambiente de los efectos adversos del mercurio; adoptado en 2013 y entró en vigor en 2017. Por qué es importante regular las emisiones de mercurio?
en el periodo de 2013-2017 y su ltimo cargo fue el de Vicepresidente de Onexpo Nacional en 2023-2024 Onexpo Nacional AC, la organizacin que agrupa a empresarios gasolineros de 32 entidades del pas, anunci la renovacin de los integrantes de su consejo y estructura directiva. Flix Robelo fue Presidente Estatal de Onexpo Sonora AC.
A coalition of oil and gas companies which cumulatively produce more than 40 percent of the world’s oil announced this month that they have reduced their upstream methane emissions by 55 percent and cut greenhouse gas (GHG) emissions from flaring by nearly half since 2017.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Oil & Gas Company Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
The integration also strengthens the Enverus platform, providing comprehensive tools for its clients across oil, utilities, trading, and financial sectors as they navigate an increasingly complex energy landscape. Founded in 2017 by seasoned energy traders, Pexapark has become a go-to authority in renewable energy markets.
Este dato es el segundo mejor desde marzo de 2017, cuando se promedi 335 mil barriles. Paralelamente, la refinacin de gasolinas alcanz un promedio de 334 mil barriles diarios en febrero, lo que representa un incremento del 7.7% frente al ao anterior. En marzo de 2024, Pemex ya haba superado ese rcord con 350 mil barriles diarios.
Bedrocks Low-Cost Operating Strategy Founded in 2017, Bedrock Energy Partners focuses on acquiring and enhancing mature oil and gas properties, particularly in the Barnett Shale and other established basins. This approach aligns with their commitment to being a low-cost operator in the competitive oil and gas industry.
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