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The company continues to capitalize on its diversified asset base across the Permian, Marcellus, and Anadarko basins while positioning for capital-efficient growth into 2026. MBopd Gas: 2,998.6 hedge) Gas: $2.20/Mcf MBopd Gas: 2,998.6 hedge) Gas: $2.20/Mcf share Adjusted Net Income (non-GAAP): $367 million or $0.48/share
The exporting of liquefied naturalgas (LNG) has changed the game for producers of those molecules in every basin in recent years. The rising export demand, starting when LNG exports began in 2016, has helped raise naturalgas from the $2 per million btu (MMBtu) doldrums they were in when they crashed to $1.95
“This protocol follows the recent signing between Eni and Sonatrach of the agreement of the Zemoul El Kbar area and the allocation of the Reggane II area, which together with the initiatives covered by the protocol will contribute to increasing gas production up to 5.5 The license, covering 4,200 square kilometers (1,621.63
Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled… 1. naturalgas exports as critical to long-term energy security.
June 23, 2025 – Kitimat, BC LNG Canada, the landmark export facility led by Shell in partnership with Petronas, PetroChina, Mitsubishi, and Kogas, has announced its first liquefied naturalgas (LNG) production from Train 1 (5.6 Bottom Line: This is a pivotal moment for Canada’s naturalgas sector.
Image by Denis Shevchuk via iStock Intensity Infrastructure Partners LLC has partnered with power producer Rainbow Energy Center LLC to construct a new pipeline to bring Bakken gas to eastern North Dakota. is planned to transport up to 760,000 Dthd of gas. Preliminary gas production in April was around 104.14
on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported naturalgas and refined oil products. Kinder Morgan’s naturalgas pipelines carried 44.59 billion to $1.97
percent for 2028 to 2030, based on ETS directive, âDirective 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a M9 system for the greenhouse gas emission allowance trading within the M9 Union and amending Council Directive 96/61/EC,â European Union, March 1, 2024. billion tons by 2030.
The Cedar LNG project is a floating liquefied naturalgas (LNG) terminal that will be located near Kitimat within the territory of Haisla Nation, to be constructed in partnership with Pembina Pipeline Corporation. Cedar LNG is scheduled to be operational in late 2028. 0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS B.C.
The first large deepwater development in the Kwanza basin, Kaminho is planned to have a capacity of 70,000 bpd through the Cameia and Golfinho fields. Start-up is targeted 2028. Elsewhere in Angola, TotalEnergies and its partners approved the Kaminho project in block 20/11 last year.
Image by Daniel S Ragnarsson via iStock OMV AG plans to launch a seismic survey in December to explore the potential of geothermal energy in the East Styrian basin in the greater Graz area. Commissioning is planned for 2028. The Austrian state-backed energy company expects to drill an exploration well in the second half of 2026.
Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028. As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success.
Crude is expected to be shipped to international markets, and the development is expected to include 18 wells (9 producers, 7 water injectors, 2 gas injectors) drilled in the initial phase, with a total of 24 wells drilled over the life of the project. First oil is targeted for 2028. is operator with 60% interest.
While not required for the farmout, they will support ongoing technical workstreams, underpinned by the recent license extension to January 2028, United stated. The approval represents a key milestone in progressing toward the next phase of operational activities under the license, UOG said.
The purchase price will consist of a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. In 2023 the DOE under the Biden administration denied Energy Transfer’s application to extend to 2028 the 2025 deadline for the project to dispatch its first cargo.
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport naturalgas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for naturalgas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. MMBtu Henry Hub 20261Q 2028 Production: $64.29/bbl bbl WTI and $4.28/MMBtu bbl WTI and $4.28/MMBtu
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 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
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. Non-upgraded Canadian oil sands production is expected to rise by around 100 Mbbl/d annually until 2028.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gasbasins , the leading companies , and market trends using the latest data and forecasts. NaturalGas Production: 25.8 The Permian Basin remains the top destination for U.S. MMBbl/d , a 0.3
The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing. ” Rather than become traditional utilities, Exxon is leveraging its carbon capture, transportation, and storage systems to offer tailored, decarbonized naturalgas solutions. .”
Massive data centerssome consuming as much electricity as entire citieshave been expected to drive soaring demand for naturalgas, oil, and electricity. That single revelation was enough to rattle the markets, sending shares of naturalgas producers, pipeline operators, and power plant owners into a steep selloff.
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