Oil & Gas 360º

JUNE 10, 2025

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.

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Energy Outlook Advisors

MAY 14, 2025

May 14, 2025 Subscribe now EOA’s Main Takeaway We've warned about declining distillate inventories for weeks. million barrels, the lowest since early May 2008 when oil prices neared record highs (See Figure 5). OPEC+ production declined by 106 kb/d in April, mainly due to Kazakhstan, which has struggled to meet its quotas.

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Oil Exploration and Production Barrel Drivers 145

Rigzone

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

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Rigzone

JULY 9, 2025

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.

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Exploration and Production American Petroleum Institute Royalty Operator 62

Rigzone

JUNE 27, 2025

The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. It expects the project to start production 2029. Fram West and Fram East started production 2003 and 2006 respectively. kilograms of carbon dioxide per barrel of oil equivalent.

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Exploration and Production Barrel Oil Gas 103

Valor

JUNE 23, 2025

June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers.

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Energy Energy Barrel Oil 52

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million barrels of oil equivalent) in Triassic reservoir rocks. 700K Industry Pros can’t be wrong.

Oil 104

Oil Exploration and Appraisal Exploration and Production Exploration Well 104

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. Previously in 2025 CNOOC Ltd.

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Upstream Exploration and Production Field Oil 98

Oil & Gas 360º

MAY 7, 2025

(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

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Energy Energy Exploration and Production Condensate 147

Oil & Gas 360º

JUNE 23, 2025

In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office. Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. million barrels per day in the second quarter of 2025.

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Gas Oil Natural Gas Maintenance Technician 130

Oil & Gas 360º

MAY 13, 2025

oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. tariffsnow expects global oil (total liquids) demand growth to average 750,000 barrels per day (bpd) in 2025, a downward revision of 500,000 bpd from the prior outlook.

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Crude Oil Exploration and Production Barrel Oil 130

Oil & Gas 360º

MARCH 19, 2025

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0

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Crude Oil Oil Exploration and Production Active Well 130

Oil & Gas 360º

MAY 30, 2025

billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.

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Oil Exploration and Production Crude Oil Government 130

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Encino assets offer a rare combination of scale, liquids-rich production and development upside. References You must be a subscriber to Enverus Intelligence® Research products to view these sources. Why Encino, and Why Now?

IT 130

IT Operator Basin Exploration and Production 130

Oil & Gas 360º

APRIL 14, 2025

bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.

Oil 130

Oil Exploration and Production Sidetracking Upstream 130

Oil & Gas 360º

MARCH 31, 2025

(Oil Price) –Following several months of delays due to inclement winter weather in the waters in Norways Arctic, Equinor started up the Johan Castberg oilfield on Monday, which will add 220,000 barrels of oil per day at peak production rates. Norway expects its oil liquids production to rise by 5.2%

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Exploration and Production Barrel Oil Field 130

Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

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E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MARCH 18, 2025

During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. The fact that we achieved this success in the concession belonging to Bzakerettye, which has an almost 100-year oil industry tradition, is clear evidence that there is still potential in hydrocarbon exploration in Hungary.

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Field Exploration and Production Oil E&P 130

Oil & Gas 360º

APRIL 17, 2025

(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angolas national concessionaire and regulator.

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Basin Oil Petroleum Gas 130

Oil & Gas 360º

MARCH 13, 2025

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.

Oil 130

Oil Exploration and Production Offshore Barrel 130

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

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Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

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Exploration and Production Operator Oil Gas 67

Oil & Gas 360º

JUNE 27, 2025

“This proposed lease sale demonstrates BOEM’s commitment to advancing American Energy Dominance and fostering the production of affordable, reliable energy resources for the nation.” BOEM estimates the broader Gulf outer continental shelf holds about 48 billion barrels of undiscovered oil and 141 Tcf of natural gas.

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Oil Gas Offshore Royalty 147

Rigzone

JUNE 30, 2025

“This acquisition brings new resources to the development of our low-cost and low-emission GranMorgu project”, Javier Rielo, senior vice president for Americas exploration and production at TotalEnergies, said. Production start-up is expected in 2028, the company said. miles (150 kilometers) off the Surinamese coast.

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Exploration and Production Field Oil Operator 67

Oil & Gas 360º

APRIL 9, 2025

The triple-frac reduces by 25% the time to bring wells to production. supermajor continues to boost its oil and gas production from the basin, but it has cut capital expenditures. supermajor continues to boost its oil and gas production from the basin, but it has cut capital expenditures. According to the top U.S.

IT 130

IT Basin Barrel Completion 130

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.

Completion 67

Completion Energy Energy Exploration and Production 67

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy 67

Energy Energy Exploration and Production Field 67

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF 62

BCF Field Natural Gas Exploration and Production 62

Oil & Gas 360º

MAY 15, 2025

World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. Concerns about economic growth and record sales of EVs are set to dent global oil demand growth for the rest of the year, and full-2025 will see demand growth average 740,000 bpd, the IEA reckons. shale production for the second month in row.

Oil 130

Oil Upstream Barrel E&P 130

Oil & Gas 360º

MAY 30, 2025

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. The filing listed the layoff date as July 15, 2025. (World Oil) –Chevron Corp. Chevron is taking action to simplify our operating model, execute work faster and more effectively, the company said in a statement.

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Basin Operator Oil Barrel 130

Oil & Gas 360º

MAY 30, 2025

(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.

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Exploration and Production Natural Gas Crude Oil Energy 130

Oil & Gas 360º

APRIL 28, 2025

(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. per barrel WTI and $4.28

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Completion Operator Hydraulic Fracturing Natural Gas 130

Oil & Gas 360º

APRIL 30, 2025

(Oil & Gas 360) Publisher’s 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. million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe. Register to attend.

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Energy Energy Basin Operator 130

Rigzone

JUNE 10, 2025

“The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment operations”, Halliburton added. The contract also covers decommissioning. announced a deal to consolidate their UK North Sea assets.

Operator 62

Operator E&P Exploration and Production E&A 62

Oil & Gas 360º

MAY 29, 2025

(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. The evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.

BCF 130

BCF Energy Energy Condensate 130

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. This could force operators to stop production in previously profitable fields.

Midstream 52

Midstream Exploration and Production BBL Hydraulic Fracturing 52

Valor

APRIL 21, 2025

April 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. on April 21, 2025, with Brent at $66.81 Record-breaking production and soft near-term demand continue to pressure prices, although strong LNG export demand offers longer-term support. Read more U.S.

BCF 52

BCF Energy Energy Exploration and Production 52