Remove 2026 Remove Barrel Remove Condensate
article thumbnail

OPEC tensions build as Kazakhstan’s oil production hits all-time high

Oil & Gas 360º

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

Oil 130
article thumbnail

Kazakhstan can’t make supermajors cut oil production

Oil & Gas 360º

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.

Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

The platform includes: Fractionation capacity : ~193,000 barrels/day (post-Fort Saskatchewan expansion), including field, hub, and straddle facilities Straddle gas processing : 5.7 Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76 About Keyera Corp. Keyera Corp.

article thumbnail

Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon plans a final investment decision for Longtail in 2026 and could start up the project by 2029.

article thumbnail

Factbox-Energy assets affected by Russia-West standoff and sanctions

Oil & Gas 360º

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. In 2022, Exxon took a $4.6 billion write-down for exiting the development Sakhalin-1. OMV paid 1.75

Energy 130
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

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

article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

. (“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. times by year end 2026.