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Banks betting on market fundamentals despite trade policy upheaval

Oil & Gas 360º

per barrel in Fall 2024. bbl compared to the Fall 2024 forecasts , largely attributed to expectations of increased production from both OPEC and U.S. Gas has seen a notable short-term increase, with actual prices steadily rising since September 2024. MMbtu in the Fall 2024 forecasts. per barrel from $61.89

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OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May

Egypt Oil & Gas

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 post OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May first appeared on Egypt Oil & Gas.

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2024 Canadian Oil & Gas Production Snapshot

Oil Gas Leads

Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. 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. Vermilion Energy Inc.

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GKP outlines Payments to Govts for 2024

Iraq Business News: Oil & Gas

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

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Western Canada Heavy Oil Outlook 2025: Momentum Returns with TMX Tailwinds

Oil Gas Leads

Permits from January to June 2025 are up ~20% compared to the same period in 2024 (based on actuals plus forecasted June volumes). The trend is consistent across key producing areas such as Lloydminster, Cold Lake, and Peace River. Optimization + brownfield growth CNRL 810–835K ~2.8 Cost control, reliability Imperial Oil 400–430K ~2.0

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Khalda Petroleum Investments to Reach $1B in 2024/25

Egypt Oil & Gas

Khalda Petroleum Company Chairman Saeed Abdel Moneim reviewed the most important performance indicators and targets for the next fiscal year (FY), indicating that it is planned to invest approximately $1 billion during FY 2024/25. The post Khalda Petroleum Investments to Reach $1B in 2024/25 first appeared on Egypt Oil & Gas.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

million in common shares of Tourmaline Taken together, the disposed assets generated $149 million of operating earnings in 2024 (12% of total Strathcona YE 2024 operating earnings, excluding interest and other corporate items) and had a YE 2024 proved PV-10 before-tax of approximately $2.3 (Tourmaline) for $291.5

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