Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.

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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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Oil & Gas 360º

MAY 30, 2025

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. 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. (World Oil) –Chevron Corp.

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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. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

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Oil & Gas 360º

MAY 2, 2025

(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Exxons net production jumped by 20% to 4.6 supermajor generated $13.0 billion for the same period of 2024.

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Rextag

MAY 5, 2025

Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.

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Oil & Gas 360º

MAY 15, 2025

World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. The estimate for full-year 2026 demand growth is also close to the 2025 forecast and to last months already slashed projections760,000 bpd. shale production for the second month in row. tariff offensive in early April. Despite the U.S.-China

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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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Oil & Gas 360º

MARCH 10, 2025

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. times by year end 2026. million acres in Alberta.

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Oil & Gas 360º

JUNE 3, 2025

mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly).

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Valor

APRIL 21, 2025

Record-breaking production and soft near-term demand continue to pressure prices, although strong LNG export demand offers longer-term support. natural gas production remained flat in 2024 Summary : In 2024, U.S. marketed natural gas production remained nearly flat at 113 Bcf/d, with Permian output rising 12% to 25.4

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Oil & Gas 360º

APRIL 23, 2025

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

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Rextag

MAY 8, 2025

Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability.

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Rextag

APRIL 24, 2025

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Whos Leading the Charge?

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Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3

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Rextag

APRIL 24, 2025

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Whos Leading the Charge?

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Rextag

FEBRUARY 13, 2025

Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). at a TravelCenters of America site. leveraging waste emissions as a clean, profitable feedstock.

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SmartBrief

MAY 22, 2025

With more than 45,000 attendees converging at McCormick Place, the industry gathered not just to see whats next in food and tech but also to explore how those tools can enhance the timeless value of experience and hospitality. Across the event, the consensus was clear: Innovation without intention is just noise.

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Oil & Gas 360º

MAY 7, 2025

That 2026 budget will be trimmed if necessary, Kruger said. per share, on Tuesday that beat analysts expectations, and achieved its highest-ever first-quarter production of 853,000 barrels per day. The company aims to grow earnings from that network by C$200 million by the end of 2026. billion ($4.43 billion) to C$6.3

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Oil & Gas 360º

MAY 19, 2025

oil production despite President Donald Trumps drill, baby, drill slogan. benchmark WTI crude prices at $60 per barrel, its mostly hold, baby, hold in the American shale patch, where output in the major basins except the Permian has already started to level off or drop. production overall would peak between 2027 and 2030.

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Oil & Gas 360º

MAY 15, 2025

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021.

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Oil & Gas 360º

MAY 14, 2025

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021.

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Valor

APRIL 28, 2025

Crude oil prices drop on demand fears Summary : Crude oil prices fell over $1 per barrel on Monday, with Brent down 1.63% to $65.78 million for expanded exploration. producing 20 million barrels of oil daily, aims to expand energy projects but faces backlash and lawsuits from environmental groups. China trade war demand fears.

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Oil & Gas 360º

JUNE 11, 2025

sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. million bpd in 2026 from about 13.42 million bpd in 2026 from about 13.42 The production forecast for next year represents a drop of 120,000 bpd from the agency’s previous projections in May. (World Oil) – The U.S.

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Oil & Gas 360º

MARCH 12, 2025

He has urged energy companies to boost fossil fuel production and promised to bring down prices for consumers. On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. million barrels per day, up 200,000 bpd from last months forecast. million bpd. million bpd.

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Valor

MARCH 24, 2025

per barrel, despite two prior weekly gains fueled by U.S. sanctions on Iran and OPEC+ production quota compliance efforts. million barrels per day and gas production to increase to 105.2 Oil prices start the week with a dip Summary : Crude oil prices declined at the start of the week, with Brent at $71.92

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Oil & Gas 360º

MARCH 13, 2025

Energy Information Administration expects crude oil production to rise to a new record average of 13.61 million barrels per day (bpd) in 2025 and climb further to 13.76 million bpd in 2026. producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity.

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