article thumbnail

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2030 and 2031. billion in 2030 and 2031; the deferral of the sanction of the Lindbergh Phase 2 expansion project to 2027; and the full reconciliation of Strathconas long-range plan showing expectations in respect of production and capital expenditures. Capital expenditures are expected to average $0.9 $1.0

BBL 130
article thumbnail

What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

David Clark, Vice President in Wood Mackenzies Corporate Strategy and Analytics team, offers insights into the future of tight oil production and the portfolio evolution needed for companies to thrive through the 2030s. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.

Basin 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

Petrobras approves $2.1 billion in shareholder dividends despite lower oil prices

Oil & Gas 360º

Petrobras is seeking to replenish oil and gas reserves to avoid a production decline that is expected to start around 2030. It also resumed onshore exploration in Brazils Bahia state after a six-year halt, with plans to drill 100 wells over the next five years.

Oil 130
article thumbnail

Electrifying the Permian

Permian Basin Oil and Gas Magazine

Besides the need for more juice to drive drilling activity (yes, Im talking about electricity powered drilling rigs), electrification of completion, production, compression, and transport operations is also growing the increasing power demand in the region. Experts are scrambling to determine how to deliver that power.

Basin 59