Oil & Gas 360º

JULY 18, 2025

The Hess deal, announced in October 2023, was delayed after Exxon, which holds a 45% stake in Stabroek, and the field’s third partner CNOOC argued that they had a contractual right of first refusal to purchase Hess’s stake in the block. producer in October 2023 with its acquisition of U.S. billion barrels, according to LSEG data.

Oil 130

Oil Exploration and Production Barrel Field 130

Oilholics Synonymous Report

JUNE 25, 2025

If you believe global oil demand growth for 2025 to be in the region that's just a smidge north or south of 1 million barrels per day, that can be serviced by growth in non-OPEC production alone. Photo : Oil pump jack building block model at the AVEVA World 2023 Conference, Moscone Center, San Francisco, US © Gaurav Sharma, October 2023.

Oil 157

Oil Casing Barrel IT 157

Oil & Gas 360º

JUNE 23, 2025

The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024. The terminal itself boasts a storage capacity of 750,000 barrels.

Field 130

Field Instrumentation Transportation Operator 130

Oil & Gas 360º

JULY 16, 2025

tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position of strength. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. shale producers had a break-even price of between $50 and $52 per barrel. shale costs up.

Oil 130

Oil Exploration and Production E&P Barrel 130

Rigzone

JULY 3, 2025

“We expect ministers will continue the unwinding of the November 2023 tranche of cuts, increasing targets by 411,000 barrels per day for the fourth successive month,” the analysts said in the report. million barrels per day,” they added. million barrels per day,” they added.

Barrel 75

Barrel Oil Gas Energy 75

OilPrice

JULY 4, 2025

Traders say the discount on Urals oil for August delivery to India has narrowed to just $1.70–$2 per barrel below dated Brent—the tightest spread since Russia invaded Ukraine in 2022. in July, and well below the steep markdowns India enjoyed throughout 2023 and early 2024. That discount is down from $2–$2.50 The reason?

Oil 206

Oil Barrel 206

Permian Basin Oil and Gas Magazine

JULY 11, 2025

million barrels per day in the second quarter of 2025 to less than 13.3 million b/d in 2023 and 13.21 As a result, we forecast U.S. crude oil production will decline from an all-time high of just over 13.4 million b/d by 2026Q4. On an annual basis, we now forecast crude oil production will average 13.37 production of crude oil was 11.99

Crude Oil 64

Crude Oil Basin Completion Barrel 64

Oil & Gas 360º

JULY 11, 2025

oil major Chevron (NYSE: CVX ) and other foreign firms in Venezuela have allowed a slight recovery in oil output and exports since 2023. PDVSA’s crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. The licenses to U.S.

Oil 130

Oil Crude Oil Refinery Operator 130

Valor

JUNE 9, 2025

per barrel. The EIA forecasts Brent crude will average $74 per barrel in 2025, down from $80 in 2024, with average gas prices expected to fall to $3.20 jobs data pushes algos to drop short bets Summary : Oil prices rose nearly 2%, with West Texas Intermediate settling above $64 a barrel, marking the largest weekly gain since November.

Energy 52

Energy Energy Natural Gas Barrel 52

Rigzone

JULY 1, 2025

The flood may reflect a race by Riyadh - along with neighboring Kuwait and the United Arab Emirates - to expedite barrels out of the Persian Gulf while a conflict between Israel and Iran threatened the region’s shipping corridor. million barrels a day onto tankers in June, ship-tracking compiled by Bloomberg shows.

Oil 83

Oil Barrel Petroleum Energy 83

Oil & Gas 360º

JULY 21, 2025

Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess’s 30% stake in Guyana’s Stabroek block, the most attractive asset in its portfolio. The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world.

Casing 130

Casing Oil Offshore Crude Oil 130

Permian Basin Oil and Gas Magazine

JULY 4, 2025

The Eighth Court of Appeals in El Paso on July 28, 2023, sided with COG – ruling that produced water is not groundwater in the traditional sense but rather a byproduct of mineral extraction, vesting ownership with the mineral estate.

Upstream 59

Upstream Midstream Operator Casing 59

Rigzone

JULY 17, 2025

The Kurdistan Regional Government will supply Iraq’s state oil marketer SOMO with 230,000 barrels a day as part of a deal for Baghdad to release funds for salaries in the northern region, people familiar with the matter said. ” It didn’t give details of the agreement. operate in the Kurdistan region.

Oil 70

Oil Pipeline Government Barrel 70

Valor

JUNE 30, 2025

Read more Oil set for steepest weekly decline in two years as risk subsides Summary : Oil was set for its steepest weekly drop (~12%) since March 2023 as Mideast risk premium evaporated, with Brent crude falling from over $80 during the 12-day conflict to $68.15. per barrel, a sharp decrease of $9.41 in 2023 to 46.4

Energy 52

Energy Energy Natural Gas Oil 52

Oil & Gas 360º

JULY 1, 2025

Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. In 2023, Preska awarded $14.4 YPF leads development of Vaca Muerta, often partnering with other local and international firms including Shell and Chevron (NYSE: CVX ). “It should bring in the U.S.

Government 130

Government Consulting IT Casing 130

Iraq Business News: Oil & Gas

JULY 18, 2025

The federal government will provide the KRG with an advance of $16 per barrel (in-kind or in cash), based on a minimum delivery of 230,000 barrels per day (bpd), with any additional production to be included under the same mechanism. All timelines specified in this resolution are effective from the date of the Cabinet's approval.

Oil 102

Oil Petroleum Pipeline Mechanic 102

Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. million barrels of oil per day as of Q1 2025. oil production, delivering approximately 1.2–1.3 Infrastructure Limits Natural Gas Growth With natural gas production nearing 3.2

Basin 52

Basin Spud-in Natural Gas BCF 52

Valor

JULY 21, 2025

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close. million bpd and a 68% gas price hike will boost gas output to 105.9

Energy 52

Energy Energy BCF Natural Gas 52

Iraq Business News: Oil & Gas

JULY 7, 2025

In a virtual meeting held on 5 July, the group cited healthy market fundamentals and a stable global economic outlook as the basis for a 548,000 barrels per day increase in production from July levels. million bpd voluntary cuts initially agreed in April and November 2023, and formally endorsed on 5 December 2024.

Oil 59

Oil Barrel IT Gas 59

Rigzone

JUNE 20, 2025

Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report. Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. That extension involves two million metric tons of LNG.

Exploration and Appraisal 108

Exploration and Appraisal Exploration and Production Field Basin 108

BOE Report

JUNE 26, 2025

Oil prices headed for their steepest weekly decline since March 2023 on Friday, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. a barrel by 0429 GMT while U.S. Brent crude futures rose 35 cents, or 0.52%, to $68.08

Oil 59

Oil Barrel 59

Rigzone

JULY 17, 2025

to settle above $67 a barrel, snapping a three-day losing streak. US crude inventories slid last week and Iraq has lost about 200,000 barrels a day of oil production due to drone attacks on several fields in Kurdistan. a barrel in New York. West Texas Intermediate crude rose 1.7% Chevron Corp. to settle at $67.54

Oil 91

Oil Barrel Field Government 91

Rigzone

JULY 3, 2025

Image by macky_ch via iStock Russia’s oil revenue in June slumped to a two-year low as global crude prices fell and the ruble strengthened, meaning each barrel brought fewer rubles to the Kremlin. That’s the lowest since June 2023. That’s the lowest since January 2023. a barrel in May. WHAT DO YOU THINK?

Oil 62

Oil Barrel Finance Gas 62

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Shale’s ability to add 4.2

Energy 52

Energy Energy Barrel Oil 52

Rigzone

JUNE 5, 2025

Petronas sets its budget based on Brent oil at around $75 to $80 per barrel, Taufik said. Petronas’ net income slid 32% in 2024, following a 21% drop in 2023. The global benchmark is currently trading near $65, down about 13% this year, as trade tensions threaten global growth, and OPEC+ restores production.

Natural Gas 75

Natural Gas Oil Field Gas 75

Oil & Gas 360º

JUNE 23, 2025

million barrels per day in the second quarter of 2025. million bpd in 2024, 2 percent more than the previous record set in 2023. Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5 Oil production has jumped this year after hitting a record 13.2

Gas 130

Gas Oil Natural Gas Maintenance Technician 130

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year.

Oil 79

Oil Barrel Gas Completion 79

Rigzone

JULY 24, 2025

per barrel” and highlighting that the last six daily settlements “have all been in a $68.52 - 69.52 per barrel range” “Volatility is declining; for example, 30-day realized annualized Brent volatility has fallen by 10.5 percentage points week on week to 39.4 Rigzone has contacted the U.S.

Oil 99

Oil Barrel Management Crude Oil 99

Oil Gas Leads

JUNE 11, 2025

private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. For example, in the Cleveland formation (Western Anadarko) , Mewbourne doubled its new well count from 11 wells in 2022 to 21 wells in 2023.

Operator 52

Operator Gas Oil Basin 52

Rigzone

JULY 9, 2025

“This change, the result of extensive technical consultation with offshore industry leaders, could increase production output by roughly 10 percent, which would translate into over 100,000 barrels per day production increase over the next 10 years”, the BSEE said.

Exploration and Production 62

Exploration and Production American Petroleum Institute Royalty Operator 62

Rigzone

JUNE 9, 2025

The assets produce approximately 5,500 barrels of oil equivalent (boepd), consisting of 81 percent oil and liquids, and an estimated approximately 10 million barrels of oil equivalent (MMboe) of proved developed producing reserves as of Dec. Image by pichet_w via iStock Vermilion Energy Inc. assets for cash proceeds of $87.61

Completion 67

Completion Energy Energy Exploration and Production 67

Oil Gas Leads

JUNE 12, 2025

Operates 450,000 net acres and produces 370,000 barrels per day. Continued roll-up strategy with: Earthstone Energy ($4.5B, 2023) Occidental assets (~$800M, 2024) Apache Corp. 1762 in 2025. It’s now the largest pure-play oil company in the Delaware Basin (Texas/New Mexico). Merged Colgate with Centennial Resources in a $7B deal.

Basin 52

Basin Operator Oil Gas 52

Daily Energy Report

JULY 18, 2025

July 18, 2025 Chart of the Day EOA: Inventories at Sidi Kerir and Exports from the West Confirm Saudi Claims Summary Bloomberg reports criticized Saudi Arabia for exceeding its June production quota by about 350 kb/d, ignoring its voluntary cuts of one million barrels per day below quota for months in 2023 and 2024.

Energy 73

Energy Energy Pipeline Barrel 73

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year.

Barrel 79

Barrel Gas Completion Oil 79

Valor

JULY 7, 2025

OPEC+ members agree to larger-than-expected oil production hike in August Summary : An eight-nation OPEC+ group, including Russia and Saudi Arabia, agreed to a larger-than-expected 548,000 barrels per day (bpd) production hike for August. per barrel. million barrels. million bpd of voluntary supply cuts. and WTI at $66.50

Energy 52

Energy Energy Exploration and Production Barrel 52

Rigzone

JUNE 7, 2025

Image by Phototreat via iStock Canada’s oil sands industry reduced its emissions per barrel for the sixth straight year in 2023, even as one growing portion of the sector moved in the opposite direction, according to new Alberta government data released Thursday. million metric tons of carbon dioxide, up from 78.8

Oil 52

Oil Barrel Gas Natural Gas 52

Oil Gas Leads

JULY 15, 2025

million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. Spanning over 640 miles with a 1.5 miles Current Permitted Mileage (2024): 521.71 miles Current Permitted Mileage (2024): 521.71

Pipeline 52

Pipeline Basin Midstream Crude Oil 52