This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
produced 20.135 million barrels of oil per day in 2024. percent of the total oil production in 2024, according to the report, which highlighted that U.S. percent from 2014 to 2024. From 2014 to 2024, Saudi Arabia has seen an average yearly oil production decline rate of 0.6 produced 13.194 million barrels per day in 2024.
Initial assessments suggest gas volumes in place could exceed 1 trillion cubic feet, with up to 100 million barrels of associated condensate, Azule Energy said, adding that these results “confirm the presence of a working hydrocarbon system and open new exploration opportunities in the area.”
crude oil production, including lease condensate, will average 13.37 million barrels per day in 2024. crude oil production, including lease condensate, would come in at 13.42 Five of those were in 2023, 11 were in 2024, and four were in 2025, according to the data page, which showed that the highest monthly U.S.
Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 The drop follows a surge in 2024 driven by the Trans Mountain pipeline expansion, which added 600,000 bpd of export capacity and sparked record lease demand.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. In Q4 2024 , Mach’s production averaged 86.7
Energy demand is set to rise from 308mn barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050. The combined share of oil and gas is expected to account for more than 50% between 2024 and 2050. mn bpd in 2024 to 113.3 HE Al Ghais also highlighted that the world will continue to need all energies. “It
percent against June 2024. Norway’s share of the EU’s piped gas imports increased by five percentage points compared to the fourth quarter of 2024 following the end of the Ukraine-Russia transit deal. percent from May and three percent from June 2024. June 2025’s gas production dropped 2.2 MMbd, down 5.9
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. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2
In its statement, the RRC highlighted that crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which the organization said is reported separately by the RRC. The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.
In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. XRG said December 19, 2024, it had so far bought around 91.32 In the gas sector, XRG has already acquired stakes in different countries.
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. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2
crude oil production, including lease condensate, rising to an average of 13.42 million barrels per day overall in 2024. million barrels per day of the 2024 total, the STEO pointed out. Five of those were in 2023, 11 were in 2024, and four were in 2025, according to the data page, which showed that the highest monthly U.S.
An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas.
million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% higher compared to 2024. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2 Now Kazakhstan will likely top the production plans for the year, Minister Akkenzhenov
Production of Opec NGLs and condensate increased to new record highs in 2024, with the gas byproducts exempt from production cuts. Gains are set to accelerate in the coming years, with Saudi production alone set to increase by 60% by 2030.
The deal doesnt cover condensate production and has no limits on it. million tons of crude oil and condensate in 2025, or about 2 million bpd, which would be 9.7% higher compared to 2024. million tons of crude oil and condensate in 2025, or about 2 million bpd, which would be 9.7% higher compared to 2024.
The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. The post South Pars Gas Refinery Shows Strong Performance in 2024/25 first appeared on Egypt Oil & Gas.
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. 580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. 580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. 102,012 bbl/d (bitumen) SOR of 2.39
He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. This came during the general assembly meeting of the company chaired by the Minister of Petroleum and Mineral Resources Karim Badawi to discuss and approve its annual results of 2024. He highlighted that 1.9
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.
BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 Gross Recoverable Condensate (MMBC) 3.5 Net Recoverable Condensate (MMBC) 2.7 million barrels of oil equivalent (“boe”) for the well. Total Net equivalent (MMBOE) 25.6
Elevated condensate-yields were observed (in a range of 60-200 barrels of oil (“bo”) per million standard cubic feet (“mmscf”) with an 85 bo/mmscf average). Water cut was less than 0.5%
In December 2024, President Vladimir Putin signed a decree extending the sale period for the unclaimed Exxon stake in Sakhalin-1 oil and gas project until January 1, 2026. SAKHALIN-2 OIL AND GAS AND LNG PROJECT Kremlin-controlled energy giant Gazprom (MCX: GAZP ) in 2024 acquired a 27.5% In 2022, Exxon took a $4.6
This came during the General Assembly of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company to discuss and approve the amended investment budget for the fiscal year (FY) 2024/25, and the new budget for FY 2025/26.
The 13th event took place from September 5-7, 2024 at the Langfang Expo Center. International Pipeline Conference & Expo OilPro also exhibited Innopipe at the International Pipeline Conference & Expo in Calgary, Alberta from September 24-26, 2024. This ensures efficient gas/liquid separation with great reliability.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. NI 51-101 includes condensate within the NGLs product type.
Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023. A full report will be issued again in 2024. If there was no change to the information provided in 2022, you will not find any mention of it in this report. Our 2022 Corporate Responsibility Report can be found on our website.
Investors are urged to consider closely the disclosure in EOGs Annual Report on Form 10K for the fiscal year ended December 31, 2024 (and any updates to such disclosure set forth in EOGs subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K), available from EOG at P.O.
Light Oil & Condensate: Production is rich in high-value hydrocarbons. Gas & Condensate-Heavy: Attractive to companies with LNG ambitions or condensate blending strategies. Todays Economics: Top-tier wells with excellent returnsstill the #1 or #2 play in 2024. Technology-Driven: Benefiting from U.S.-pioneered
Such statements are subject to certain risks and uncertainties which are disclosed in the Companys reports filed with the Securities and Exchange Commission (SEC), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings.
million shares since the programs launch in August 2024, or ~4% of outstanding Recognized by The Financial Times as the fastest growing energy company across all of the Americas Calgary, Alberta(Newsfile Corp. million shares since the programs launch in August 2024, or approximately 4% of the common shares outstanding at that date.
Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
The Query form builds the URL you will need to use and requires just a few fields: Condensed query form example, excluding additional parameters. For the example URL, Ill retrieve only data reported 1 January 2024 or later by entering PERIODDATE >= DATE ‘2024-01-01’. If the Query link exists, click it!
This is an edited version of the note posted on December 4, 2024. Share Below is the edited Note form December 4, 2024 Conventional wisdom suggests President Trump will enforce sanctions on Iran. Condensate exports also declined. Since then, the Trump Administration imposed sanctions on Iranian oil.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content