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Inpex Granted Production Concession for UAE Block

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

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US Weekly Oil Data & OPEC’s Production

Energy Outlook Advisors

Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. Brent crude recently dropped to its lowest since 2021, settling near $60. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024.

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Geopolitical tensions and oil prices rise due to the Iran-Israel conflict

Enverus

EIR maintains that the fair value of oil should be in low $80s, if based purely on OECD crude and product stock levels. SPR remains ~200 MMbbls below 2021 levels. Explore Energy Insights About Enverus Intelligence® Research Enverus Intelligence ® | Research, Inc. Furthermore, the market has forgotten the U.S.

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Greenlake Energy forms new exploration and production platform

Permian Basin Oil and Gas Magazine

Austin-based Greenlake Energy announced last week the formation of Greenlake Energy II, its newest exploration and production platform, backed by more than $200 million in equity commitments from NGP Energy Capital Management and Greenlakes management.

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Daily Energy Report

Daily Energy Report

May 14, 2025 Chart of the Day EOA: OPEC Production Declined in April! Brent crude recently dropped to its lowest since 2021, settling near $60. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. The slowdown could help OPEC+ stabilize the market.

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African oil giants advance IPO plans to attract investment

Oil & Gas 360º

These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. Similarly, Angola’s NOC Sonangol has reaffirmed its intention to proceed with an IPO, offering up to 30% of its shares to the public.

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Nigeria hires former CEO of Shell unit to lead state oil company

Oil & Gas 360º

and previously led Shell Nigeria Exploration and Production Co. Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. Ojulari most recently served as chief operating officer of Renaissance Africa Energy Co.,

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