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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

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.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

“Facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria,” said the African Energy Chamber (AEC) in a statement. “As For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.

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US natgas end-of-season storage seen at three-year low in October

Oil & Gas 360º

That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and a five-year (2020-2024) average of 3.782 tcf. That compares with a three-year low of 1.821 tcf of gas in storage at the end of the winter withdrawal season in 2024 and a five-year (2021-2025) average of 1.836 tcf.

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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

LNG’s role in industry and power generation has grown, and trade already picked up this year amid substantial supply additions, which were around 60% higher than in 2024. LNG Canada recently started exports, and most of the additional global flows are being absorbed in Europe which is rushing to fill its storage sites for next winter.

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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources.

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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

million barrels per day in 2024. field production of crude oil, which was last updated on June 30 and which includes data from January 1920 to April 2025, showed that monthly U.S. field production of crude oil has averaged 13 million barrels per day or more on 20 occasions. In its July STEO, the EIA projected that U.S.

Crude Oil 101
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EIA: Gas storage capacity increased in 2024 in U.S., declined in South Central

Permian Basin Oil and Gas Magazine

Both increased in 2024. Demonstrated peak capacity, the sum of the largest volume of working gas stored in each storage field during the previous five years, rose 1.7 Design capacity decreased slightly in 2024 in South Central region. The post EIA: Gas storage capacity increased in 2024 in U.S., percent or 3 Bcf.

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