Oil & Gas 360º
JULY 25, 2025
oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.
Permian Basin Oil and Gas Magazine
JUNE 20, 2025
Both increased in 2024. percent or 70 billion cubic feet to 4,277 Bcf. percent or 3 Bcf. Design capacity increased 7 Bcf in the Mountain region to offset declines elsewhere. Design capacity increased 7 Bcf in the Mountain region to offset declines elsewhere. Design capacity increased slightly by 0.1
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Valor
JULY 21, 2025
The year-long delay caused by Exxon’s challenge cost Chevron an estimated $3 billion in lost 2024 profit, $50-$100 million in legal fees, and contributed to a 9% drop in its share price. now leading the world in LNG exports with over 11 Bcf/d in 2024. now leading the world in LNG exports with over 11 Bcf/d in 2024.
Rextag
JULY 2, 2025
During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas. Both faced years-long fights over water permits before being canceled in 2020 and 2024, respectively. Bcfd today. The original MVP, which finally entered service in 2024, cost $7.85 Over 80% of the 4.6 million U.S.
Oil Gas Leads
JULY 21, 2025
bpd (2024) → 13.4M Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M Bcf/d in 2025 from 103.2 Rig Count: Increased by 7 rigs to 544 — first weekly gain in 12 weeks , and the largest since December. bpd (2025) Gas Output: EIA sees an increase to 105.9
Rextag
JUNE 14, 2025
The group, known as the Stonlasec8 Indigenous Alliance LP, secured CA$400 million in loan guarantees from the newly launched Canada Indigenous Loan Guarantee Corporation (CILGC), a federal entity created in December 2024 to help Indigenous communities gain access to capital and participate in major infrastructure projects.
Rigzone
JUNE 27, 2025
When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market, Petrovietnam said in a news release. By 2024, the total output of the project was more than 426 million barrels and more than 216 Bcf of gas, bringing in total revenue of more than $31 billion, Petrovietnam said.
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