article thumbnail

Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 million bpd by 2030, with more volumes flowing through Trans Mountain. The new board of directors will include seven members from Whitecap and four new members from Veren.

Gas
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

mn bpd by 2030, with non-OECD countries leading this demand. Middle East crude and condensate exports are likely to increase to all major importing regions, with more than 80% of Middle Eastern exports set to be shipped to the Asia-Pacific. mn bpd in 2024 to 113.3

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pemex Posts First Profit in Over a Year

Rigzone

Crude and condensate production slumped to 1.63 The debt offering, disclosed in a filing July 22, will consist of dollar-denominated debt maturing August 2030, in the form of amortizing pre-capitalized securities, or P-Caps, a type of instrument used in asset-backed finance. million barrels per day, down 8.6% drop from a year prior.

article thumbnail

Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

article thumbnail

Opec’s Condensate Growth Set To Accelerate

Mees

Production of Opec NGLs and condensate increased to new record highs in 2024, with the gas byproducts exempt from production cuts. Gains are set to accelerate in the coming years, with Saudi production alone set to increase by 60% by 2030.

article thumbnail

Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. Figure 1: Canadian oil egress projections through 2030. This surge will create a significant need for condensate, particularly from the Montney play in Alberta and B.C.

Oil
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Saudi Arabia is home to the Jafurah gas field, the largest liquid-rich shale gas play in the Middle East, estimated to contain more than 200 trillion scf of gas and 75bn bbl of condensates. While Abu Dhabi holds an estimated 220 bbl of unconventional oil and 460 Tcf of unconventional gas in place.

BBL