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million barrels per day across 2025 and 2026. million barrels per day in the first quarter of 2026, 13.48 million barrels per day in the first quarter of 2026, 13.48 million barrels per day of the total 2026 figure. million barrels per day of the total 2026 figure. million barrels per day of the total 2026 figure.
Carnarvon Energy has completed a major seismic reprocessing project across the Bedout Sub-basin, offshore Australia, in collaboration with its joint venture partners…
As we continue our transformation, we are proud to support the nation’s strategic energy goals and reinforce our position as a leader in integrated drilling and completion solutions.” The economic and financial impact of this contract further reaffirms the 2025 guidance and the 2026 revenue guidance.
producers slowing their drilling and completion activity this year. million b/d in both 2025 and 2026.” In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. As a result, we forecast U.S. crude oil production will decline from an all-time high of just over 13.4
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Gas Forecast One of the most significant adjustments in the June forecast was a 700 MMcf/d reduction in the EIA’s 2026 U.S.
It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
This procedure has been used once on CCS licenses, specifically for the HontomÃn Pilot Project, which took about eight years to complete. Gassnova participated in the feasibility studies in 2016 and completed the front-end engineering and design (FEED) studies for the CO 2 storage project in September 2019.
“The consideration will be split into a $40 million payment due on completion, $40 million payable at the earlier of field development plan approval or 30 June 2026, and $40 million payable over five years from the third quarter of 2028 onwards”, Tullow said. The sale is expected to be completed this year.
CNX estimates this could add $30 million annually in tax credit value beginning in 2026. Importantly, recent updates to the federal 45Z tax credit program now recognize RMG as a qualifying feedstock.
BP’s valuation could improve if it completes its $20 billion asset disposal plan by 2026. “BP’s stock may look inexpensive from a share price point of view, but that masks the additional liabilities needing to be absorbed, with the current shares trading largely in line with Shell on EV/DACF,” said UBS analyst Joshua Stone.
No Member State will be left without energy as a result of this proposal” The proposal bans the import of gas in gaseous (via pipeline) and liquefied state that “originates in or is exported directly or indirectly from the Russian Federation” from January 2026, the official text stated.
This project equips us with the expertise that will drive the development of further offshore wind farms outlined in our strategic plan” The operational commissioning of the farm is expected in 2026. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip.
Entropy anticipates Glacier Phase 2 will reach commercial operations by Q2 2026. Fabrication is underway on all long lead items, including the Solar T130 gas-fired turbine, with construction set to begin this summer. About Entropy Inc. Entropy entered a strategic $300 million investment agreement with Brookfield Asset Management in 2022.
Rising Service Costs : Inflation and supply chain pressures continue to push up the cost of drilling and completions. Many analysts now expect a slow rebound in drilling toward late 2025 or early 2026, depending on OPEC policy, global demand, and the inflationary environment. Bottom Line: West Texas is not immune to the broader U.S.
Even with Q1 2025 rig activity down 24% year-over-year, production rose 12%—thanks to techniques like triple-frac completions , longer laterals, and automation. positions itself as the top global LNG exporter by 2026, Chevron’s investments signal long-term bullishness on LNG. The company sees U.S.
million bpd by 2026 , per the International Energy Agency (IEA). The Energy Reality: Demand Isn’t Declining Despite headlines around peak oil demand, global consumption remains strong: Global oil demand reached 103.5 million bpd in Q2 2025 and is forecast to rise to 104.7
The Barossa Gas Project, which involves developing the namesake gas field in Northern Territory waters to provide a new source for Darwin LNG, reached about 97 percent completion at the end of Q2 including the arrival of the BW Opal floating production, storage and offloading vessel.
We see opportunities with our operational footprint, technology portfolio, and financial position to improve our market position in both drilling and completions,” said CEO Andy Hendricks. Meanwhile, the Completion Services segment , which generated $719 million in revenue, continues to expand its digital footprint.
Permian Basin: Scaling Black Oil Production and Emissions-Free Operations Facility Buildout: BPX brought its third central processing facility online (Checkmate) and is on track to commission its fourth and final hub, Crossroads , by mid-2026. These assets are pivotal to boosting black oil production to a projected 100,000–120,000 bbl/d.
This project equips us with the expertise that will drive the development of further offshore wind farms outlined in our strategic plan” The operational commissioning of the farm is expected in 2026. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip.
(BOE Report) – OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. That will complete the return to the market of 2.17
In March XRG said it had completed the purchase of Galp Energia SGPS SA’s 10 percent stake in the Area 4 concession in Mozambique’s Rovuma Basin. ADNOC and OMV expect to complete the Borealis-Borouge combination and the NOVA Chemicals acquisition in the first quarter of 2026. billion.
” The tycoon, who had planned to start construction of a 5,000 ton steel plant after completing the refinery, last year scrapped the proposal because of the allegations. Dangote earlier this year said his group is on track to generate total revenue of $30 billion in 2026.
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 DNO completed a private placement of $400 million of subordinated hybrid bonds with a coupon rate of 10.75
This project equips us with the expertise that will drive the development of further offshore wind farms outlined in our strategic plan” The operational commissioning of the farm is expected in 2026. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip.
With the commercialization of Train 4 complete, the company said it has started the financing process for Train 4 and related infrastructure. for the construction of Train 4 and related infrastructure at the Rio Grande LNG facility in Brownsville, Texas. billion to $2.0 To contact the author, email rocky.teodoro@rigzone.com What do you think?
Work has already started, with first deliveries expected in 2026, SLB said in a news release. Phase one development of Northern Lights is completed, fully booked and ready to receive CO2 from industrial customers, and operations are scheduled to begin in the second half, according to the release. Financial terms were not disclosed.
The Barossa Gas Project, which involves developing the namesake gas field in Northern Territory waters to provide a new source for Darwin LNG, reached about 97 percent completion at the end of Q2 including the arrival of the BW Opal floating production, storage and offloading vessel.
ExxonMobil aims to: Double the industry-standard shale recovery rates (currently ~6–8%) Deploy AI-driven monitoring, frac proppant advances, and real-time optimization Reduce drilling/completion costs while boosting EUR per well Look for continued field trials and data-driven refinement of these technologies before 2026.
Strategic Petroleum Reserve should be completed this year, Wright said. “The goal is not to create jobs in any particular industry,” he said. The constituency of this president is the American economy and the American consumer.” Repairs to the 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. million barrels per day (bpd) of production and a 2026 hedge ratio of just 4%. (Oil Price) – U.S. To compare, the U.S.
Drilling is planned to start June 2026. “Buru is pursuing several options to fund its 2025 Rafael 1 well recompletion and testing program to support independent certification of the Rafael reserves, and the drilling of a development well in 2026”, it said. On April 2 it announced a deal with CEFA to co-develop Rafael.
The company is about to complete a transformative “Drop Down” transaction with parent company Diamondback Energy (FANG) that promises to significantly reshape Viper’s production profile in 2025. It was finally signed in January 2025 and will complete in Q2 2025.
“Cheniere Partners intends to contribute the proceeds from the offering to its subsidiary, Sabine Pass Liquefaction, LLC, to be used to redeem a portion of the outstanding aggregate principal amount of its senior secured notes due 2026”, the statement added.
million bpd in 2026 from about 13.42 operators will drill and complete fewer wells through 2026, the EIA estimated. million barrels per day in 2026, up roughly 40,000 barrels from last month’s forecast, mitigating the impact of reduced activity in other crude-producing regions. (World Oil) – The U.S.
Kelsian said it does not currently anticipate a material earnings contribution in its fiscal 2026 from the new contract while the CP2 LNG development project is in its mobilization and ramp-up phase. Sørlige Nordsjø II is Norway’s first significant offshore wind development.
In Tuesday’s statement the company said, “In addition, Cheniere is developing further brownfield liquefaction capacity expansions at both the Corpus Christi and Sabine Pass terminals. per share annualized”, it added.
Phase II: The Path Forward Buoyed by early success and strong customer uptake, Trinity is moving into Phase II , with completion targeted for Q2 2026. Demand from utilities, power generators, producers, marketers, and LNG players has driven momentum for expanded capacity and higher deliverability.
The company's stock was briefly halted after the report, and then proceeded to have its second-sharpest rally since Core Scientific returned to the Nasdaq in January 2024 after completing a reorganization. billion in revenue commitments, with 590 megawatts of infrastructure slated for delivery by early 2026.
Companies are leveraging data analytics and artificial intelligence to better forecast gas production, optimize well completion designs, and reduce operational costs. I have forecast the second half of 2025 or first half of 2026 for a moment when economic doubt peaks, the economy at least threatens recession, and asset prices fall.
ADNOC L&S will manage the transportation of up to 70 percent of Borouge’s annual production, which will increase significantly following the completion of the Borouge 4 plant expansion. With Borouge planning to ramp up production capacity by 1.4
Además, se prevén obras de construcción para los años 2026 y 2027 para rehabilitar colectores, tuberías de impulsión, interceptores, suministros de energía, además de mejorar plantas de tratamiento, así como el entubamiento de un canal abierto.
Chevron Namibia Exploration Limited considers drilling the well in 2026 or 2027 in Petroleum Exploration License 82 in the Walvis Basin, Reuters quoted Chevrons Namibian subsidiary as saying. Chevron completed in February
A new Freedonia Group analysis finds that expanding regulatory support for the adoption of EVs by governments worldwide will boost sales of these units through 2026. In particular, European nations have been global leaders in adopting target dates for the complete phaseout of sales of new ICE vehicles – including hybrids.
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