Egypt Oil & Gas
APRIL 3, 2025
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (bbl/d), equivalent to three monthly increments, in May 2025. The eight countries previously announced additional voluntary adjustments in April and November 2023 reaching to 2.2
RBN Energy
APRIL 25, 2025
With crude oil prices stagnant in the $70-$80/bbl range, producers were driven to boost Tier 1 acreage and capture operational synergies to fund the generous shareholder returns demanded by their investor base. MMboe/d of production, almost 25% of their 2023 Permian output. publicly traded oil and gas companies.
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Egypt Oil & Gas
APRIL 16, 2025
The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. million barrels per day (mmbbl/d) year on year (YoY), which is the strongest rate since 2023.
Iraq Business News: Oil & Gas
MARCH 18, 2025
Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in 2025 we expect the cash generated by the Tawke PSC to continue to cover our costs. Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. Production costs (17.6) (18.0) EBITDAX1 1.1
Oil Gas Leads
MAY 1, 2025
While not as prolific as the Permian or Eagle Ford, it offers strong midstream infrastructure and low breakeven costsmany sub-$50/bbl. Cost Efficiency & Drilling Innovation Chevron reports 75% of its DJ inventory has <$50/bbl breakevens. mcf/bbl in 2019 ~6.95 mcf/bbl in 2025). Prairie Operating Co.
Oil Gas Leads
APRIL 24, 2025
579,173 BOE/d +11% from 2023 Suncor Energy ~600,000 BOE/d capacity Oil sands operations Mid-Size Producers (100,000 499,999 BOE/d) Company 2024 Average Production Notes ARC Resources Ltd. 174,255 BOE/d +11% from 2023 Peyto Exploration 125,202 BOE/d +19% from 2023 Paramount Resources Ltd. 102,012 bbl/d (bitumen) SOR of 2.39
Oil & Gas 360º
APRIL 23, 2025
We drilled our first Midale location since 2023 at 05-28 during the quarter, which came on production approximately 50% above our internal type curve (2). Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level. GJ to $3.35/GJ.
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