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. The following table reconciles Field Operating Income to the nearest GAAP measure.

BBL 130

BBL Natural Gas Oil Operator 130

Rextag

MAY 5, 2025

Ballymore reinforces the companys strategy to achieve 300,000 net barrels of oil equivalent per day (boepd) from the region by 2026. The field represents Chevrons first development in the Norphlet geological trend, highlighting its expanding technical reach and exploration success in the region.

Barrel 52

Barrel Exploration and Production Offshore Basin 52

Oil Gas Leads

APRIL 21, 2025

The significant number of vertical wells indicates ongoing development in conventional heavy oil fields, such as those in the Lloydminster area. Key projects include the Narrows Lake tie-back, expected to achieve first oil by mid-2025, and the Foster Creek optimization project, which is progressing towards its 2026 startup Cenovus Energy.

Energy 52

Energy Energy Basin Operator 52

Oil & Gas 360º

APRIL 29, 2025

Beginning in 2026, annual revenue under the Lease Agreement is expected to total $27.4 Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. ProFrac Holding Corp.

Exploration and Production 130

Exploration and Production Natural Gas E&P E&A 130

Oil Review Middle East

MARCH 10, 2025

Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.

Downstream 40

Downstream Crude Oil Upstream Sustainable 40

Rextag

FEBRUARY 24, 2025

While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d, maintaining stable levels through 2026.

Basin 40

Basin Oil Gas Exploration and Production 40

Rextag

MAY 8, 2025

production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. TWh , the same as Q1 2024. BP reported Adjusted EBITDA of $8.7 shale basins.

Exploration and Production 40

Exploration and Production Energy Energy Basin 40

McKinsey

JULY 10, 2025

This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. In addition, most of Europe’s depleted oil and gas fields are located at sea. An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027.

Transportation 67

Transportation Exploration and Production Pipeline Offshore 67