Oil & Gas 360º

MAY 13, 2025

(World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. 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. oil production growth this year.

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Oil & Gas 360º

JUNE 13, 2025

(Investing) – Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. per barrel. [O/R]

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Permian Basin Oil and Gas Magazine

JULY 11, 2025

Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. crude oil production will decline from an all-time high of just over 13.4 million b/d in both 2025 and 2026.”

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BOE Report

MARCH 19, 2025

Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.

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Oil & Gas 360º

JUNE 23, 2025

Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. Oil production has jumped this year after hitting a record 13.2 Due to market conditions and fluctuations in oil prices, U.S.

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Oil & Gas 360º

MAY 29, 2025

Under the OPEC+ agreement, Kazakhstans crude oil production quota is below 1.5 million barrels per day (bpd). Last week, Akkenzhenov said that Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field. million barrels from cumulative output by 2026.

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Oil & Gas 360º

MARCH 11, 2025

Exxon and its partners in Guyanas oil projects, U.S. 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. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Oil & Gas 360º

MAY 5, 2025

The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down by $2 from its previous estimate. It has also cut its forecast for West Texas Intermediate (WTI) crude by $3/bbl, now projecting it to average $56/bbl for the remainder of 2025 and $52/bbl in 2026. a barrel.

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Rigzone

JUNE 28, 2025

Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.

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Permian Basin Oil and Gas Magazine

MAY 23, 2025

crude oil production next year. A combination of slowing global oil demand fueled by uncertainty over U.S. oil production later this year and could lead to an annual decline next year. million barrels per day a gain of 252,000 b/d over last year before falling to 13.33

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Oil & Gas 360º

APRIL 21, 2025

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Malo facilities. About Chevron Chevron is one of the worlds leading integrated energy companies.

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BOE Report

MARCH 16, 2025

Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in a note dated on Sunday.

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Oil & Gas 360º

JUNE 4, 2025

That consistency helps support continued access to secured credit for oil and gas producers. Oil forecasts show the immediate market impact from the approximately $10 per barrel drop in April 2025, with banks reducing their 2025 price projection to $58.30 per barrel from $61.89 per barrel in Fall 2024.

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Oil & Gas 360º

MAY 30, 2025

Chevron is undergoing one of the biggest restructurings in its modern history and announced plans to reduce its global workforce by as much as 20%, or 9,000 people, by the end of 2026.

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Rextag

MAY 5, 2025

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. Partnership and Ownership The project is operated by Chevron U.S.A.

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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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Oil & Gas 360º

MAY 15, 2025

(Oil Price) –Economic headwinds and record electric vehicle sales are set to materially slow down global oil demand growth for the rest of the year, the International Energy Agency (IEA) said on Thursday. World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. Despite the U.S.-China

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Oil & Gas 360º

MAY 2, 2025

million oil-equivalent barrels per day from Permian growth driven by the acquisition of Pioneer. billion of share repurchases, consistent with its annual $20 billion share-repurchase program through 2026. Upstream earnings increased by $1.1 billion from a year earlier to $6.8 Exxons net production jumped by 20% to 4.6

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Oil & Gas 360º

MARCH 27, 2025

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 OMV paid 1.75

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Oil & Gas 360º

APRIL 17, 2025

million barrels per day. Valero continues to evaluate strategic alternatives for its remaining operations in California. We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period, said Lane Riggs, Chairman, CEO and President of Valero.

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Oil Review Middle East

MAY 23, 2025

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

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Oil & Gas 360º

MARCH 10, 2025

times by year end 2026. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Strong Credit Profile: Exceptional balance sheet with initial leverage of 0.9 times Net Debt to Funds Flow 1 which is expected to continue to further strengthen to 0.8

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Oil & Gas 360º

MAY 15, 2025

billion in 2026 and $1.1 $1.2 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 billion in 2030 and 2031.

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Egypt Oil & Gas

MARCH 17, 2025

The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day (boe/d) in 2026. The design concept of intelligent oil and gas fields were used in the two new projects.

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Oil Gas Leads

MARCH 11, 2025

This investment includes: New processing plants such as the Badger Plant (200 MMcf/d capacity, Delaware Basin, online mid-2025) and the Mustang Draw Plant (275 MMcf/d, Midland Basin, online H1 2026). Expansion of crude oil gathering systems and joint ventures to support increased production. Bcf/d from Waha, TX, to Maypearl, TX.

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Oil Gas Leads

MARCH 11, 2025

Pipeline Investments: Expanding Permian Takeaway Capacity With NGL and crude oil production rising , Enterprise is investing in pipeline infrastructure to ensure smooth transport from the wellhead to export hubs. Seminole Pipeline Conversion (2026) Reverting to crude service to balance takeaway needs. .”

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Oil & Gas 360º

JUNE 3, 2025

Viper defines free cash flow margin as cash flow from operations less capital expenditures divided by total barrels of oil equivalents. at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 billion which equates to less than 1.0x mboe/d); Q1 2025 average Permian production of 14.5

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Oil & Gas 360º

APRIL 23, 2025

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells. GJ to $3.35/GJ.

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Oil Gas Leads

MARCH 8, 2025

The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. As our G&P volumes grow, well be able to fill in the expansion capacity that comes online at the end of 2026 with EPIC, Baldridge added.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Oil & Gas 360º

JUNE 24, 2025

(Oil Price) – U.S. oil producers flocked to hedge higher prices for their output for the rest of the year and early into 2026 as international crude oil prices surged earlier this month. Oil prices had lingered into the low $60s for the three months between early April and early June, as the U.S.

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Oil & Gas 360º

JUNE 11, 2025

Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. a barrel, while the spread between the December 2025 contract and the December 2026 contract widened by 10 cents to $0.53.

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Oil & Gas 360º

JULY 7, 2025

million barrels per day (bpd) in April with a boost of 138,000 bpd. Hikes of 411,000 bpd followed in May, June and July, despite falling oil prices. OPEC+ then repeatedly postponed its own production increases and pushed back the UAE’s higher quota to September 2026. OPEC+ began to unwind cuts of 2.17

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CNBC: Energy

JUNE 13, 2025

Here's why Published Fri, Jun 13 2025 11:06 AM EDT Spencer Kimball @spencekimball WATCH LIVE The sudden spike in oil prices in response to Israel's attack against Iran should be short lived unless physical supplies are actually disrupted in the Middle East, energy analysts say. per barrel at 9:43 a.m. per barrel.

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Oil & Gas 360º

APRIL 7, 2025

(Oil Price) –Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. benchmark, WTI Crude. for Brent crude and by 4.3% to $59 per barrel.

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Oil & Gas 360º

MAY 19, 2025

(Oil Price) –The decline in oil prices and the prevailing uncertainty about the economy, trade, and supply chains are accelerating the peak in U.S. oil production despite President Donald Trumps drill, baby, drill slogan. oil production is being accelerated and could be sooner than previously expected. With the U.S.

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Oil & Gas 360º

APRIL 15, 2025

(World Oil) – OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trumps tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters. million barrels a day or approximately 1% for each year, according to a report from its secretariat in Vienna.

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