Rigzone

JUNE 10, 2025

In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. ADNOC and OMV expect to complete the Borealis-Borouge combination and the NOVA Chemicals acquisition in the first quarter of 2026. XRG said December 19, 2024, it had so far bought around 91.32

Gas

Rigzone

JULY 17, 2025

million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2 petajoules in Q2, driven by Western Australia. Crude oil sales increased from 1.26 million barrels to 1.85 million barrels to 997,600 barrels. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons.

Barrel

Energy Outlook Advisors

MAY 18, 2025

Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays.

Oil

Oil & Gas 360º

MAY 29, 2025

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. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2

Oil

Oil & Gas 360º

MARCH 11, 2025

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. By Charles Kennedy for Oilprice.com

Natural Gas

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

Energy

Oil Review Middle East

MAY 23, 2025

million bpd will come from crude and condensate. But, if a deal were to be struck, Iran could add that amount back to the market by late 2025, with more upside in 2026 depending on investment. million bpdthree-quarters of which is expected from non-OPEC+ producers. Of this, 1.8 However, recent U.S.

Condensate

Oil & Gas 360º

MARCH 10, 2025

. (“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.

Exploration and Production

Oil Gas Leads

MARCH 10, 2025

The transaction will create a leading Canadian light oil and condensate producer, with a dominant position in the Alberta Montney and Duvernay formations, as well as significant operations in Saskatchewan. by year-end 2026. (TSX: VRN) have announced a strategic all-share merger valued at approximately $15 billion, including net debt.

Oil

Iraq Business News: Oil & Gas

APRIL 3, 2025

Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG. This work will further enhance the energy sector and economy of the Kurdistan Region and all of Iraq."

Field

Oil & Gas 360º

APRIL 23, 2025

Over and above the hedges in place at year end 2024, the Company secured collars on 5,000 bbl/d of oil through the balance of 2025 at a floor price of C$100/bbl and a ceiling of C$110/bbl, along with additional natural gas hedges for 2025, 2026 and into Q1 2027, at prices ranging from $2.00/GJ GJ to $3.35/GJ.

Gas