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million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas.
by Andreas Exarheas | Rigzone Staff | Thursday, July 03, 2025 | 7:46 AM EST Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report. produced 20.135 million barrels of oil per day in 2024. Russia was ranked third for oil production in the EI report, with 10.752 million barrels per day.
million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. Total oil and condensate production rose to 2.15 In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 in June to 1.88 million bpd in June, up from 2.02
The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels, according to the statement, which showed that the preliminary reported total volume of natural gas in the state during the same month was 918.4 The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.
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. Liquids” includes crude oil and NGLs.
million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. per share, payable October 31, 2025. A Strategic Expansion in the Utica The transaction adds 675,000 net core acres from Encino to EOG’s existing Utica footprint, creating a combined position of 1.1 Yacob, Chairman and CEO of EOG.
million barrels per day (bpd). 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% million barrels from cumulative output by 2026. higher compared to 2024.
billion) all-share merger, officially announced on May 12, 2025. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 Whitecap has revised its 2025 production guidance upward to 295,000–300,000 boe/d, with approximately 63% liquids.
(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. 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
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. Register and reserve your room.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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. In addition to sweetened gas, the refinery also produced over 7.26
(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. HOUSTON, May 30, 2025 /PRNewswire/ EOG Resources, Inc. ( The dividend will be payable October 31, 2025, to stockholders of record as of October 17, 2025.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. Detailed 2025 guidance will be provided on close of the transaction.
Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 He said the problem is being solved, according to Mexico Business News.
Driven by rising seasonal demand and geopolitical uncertainty, global oil markets could see tighter balances this summer, despite a projected surplus of supply in 2025, according to Rystad Energy This year, global liquids demand is expected to grow modestly by 700,000 barrels per day (bpd), while supply surges by 2.2 Of this, 1.8
This came during the General Assembly meeting of Khalda Petroleum Company to discuss and approve the amended investment budget for FY 2024/25, and the new budget for FY 2025/26. These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe).
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025.
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.
million shares repurchased to date in 2025, bringing total repurchases to 7.9 April 23, 2025) Saturn Oil & Gas Inc. Q1/25 CAPITAL PROGRAM SNAPSHOT During the first quarter of 2025, Saturn executed a safe and efficient capital expenditure program, investing approximately $73 million to drill 33 gross (24.4 GJ to $3.35/GJ.
Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6
In its release, BP said Shah Deniz Compression is one of the 8-10 major projects expected to start up between 2028 and 2030, “as disclosed at BP’s 2025 capital markets update” The company added that the project is expected to contribute to growing BP’s global upstream production to 2.3
a barrel at 1352 GMT, after hitting an intraday high of $78.50, the highest since January 27. About a fifth of the world’s total oil consumption passes through the strait, or some 18 to 19 million barrels per day (bpd) of oil, condensate and fuel. Brent crude futures were up $4.57, or around 6.59%, to $73.93
crude oil production, including lease condensate, rising to an average of 13.42 million barrels per day in 2025. million barrels per day to the 13.42 million barrel per day figure, the STEO showed. million barrels per day of the 11.17 million barrels per day, the Eagle Ford region is expected to make up 1.17
In mountains, oil and products move in barrels and containers on mules, often drone-monitored. In mountainous areas, oil and products are shipped in barrels and containers on mules, sometimes monitored by drones. Condensate exports also declined. The year 2025 is not 2019! Disrupted shipping will boost land shipments.
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