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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. Improved fiscals introduced through Nigeria’s Petroleum Industry Act in 2021 further enticed investments by both international and regional players.

Field 130
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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

oil producers will drill and complete fewer wells,” it added. producers have slowed drilling and completion activity this year, the EIA noted in its latest STEO. “In 1H25, well completions in the oil-producing regions of the Lower 48 states totaled 5,164 wells. “The drop in U.S. Declining prices mean U.S.

Crude Oil 101
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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

10 Based on the European Union’s 2021 emissions. This procedure has been used once on CCS licenses, specifically for the Hontomín Pilot Project, which took about eight years to complete. billion available for allocation between 2021 and 2027, with about €630.0 Horizon Europe has made €95.5 billion in 2024.

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When Force Majeure Isn't Enough: The Causation Trap That Cost Kinder Morgan $100 Million

Producer's Edge

In case you somehow forgot, the 2021 Valentines Day storm coined “Snovid,” “Snowmageddon,” or officially labeled Winter Storm Uri, blanketed Texas in snow and ice, even bringing snowfall to Galveston Beach. This is normally completed through an addendum or “special provisions.”

Gas 52
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Bridging the Data Gap: How Transfer Learning Revolutionizes Production Forecasting in Frontier Basins

Novi

Four distinct chronological scenarios were established on January 1 of 2012, 2015, 2018, and 2021, creating experimental frameworks with progressively increasing data availability. Particularly noteworthy findings emerged regarding completion intensity responses and well spacing effects.

Basin 52
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Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

Oil Gas Leads

According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 June 9, 2025 U.S. Here is a summary of the U.S.

Gas 52