This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Following the previous article on global oil production and consumption trends, let’s… The newly released 2025 Statistical Review of World Energy highlights just how indispensable natural gas has become, despite mounting pressure to decarbonize.
It is a critical chokepoint for global oil and LNG markets. This article focuses on the following topics: Strait’s role in LNG trade. October 26, 2025 Source: Kpler The Strait of Hormuz is back in the news after Israel attacked Iran and later the US hit three nuclear facilities in Iran. Main markets for Hormuz LNG exports.
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. crude oil production forecast in its July short term energy outlook.
July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States. In this article, we analyze the potential of the next-generation geothermal industry in the United States.
Image by Professor25 via iStock The world’s top oil consumer in 2024 was the U.S., percent of total oil demand in 2024. oil consumption has grown by an average of 0.5 China was shown in the report to be the second biggest oil consumer last year, with 16.373 million barrels per day. From 2014 to 2024, U.S.
Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? million stock tank barrels.
million barrels of oil equivalent. million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million standard cubic meters of oil equivalent (approximately 30.8
Image by Anatolii Yakovets via iStock According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the world’s top oil producer is the United States. produced 20.135 million barrels of oil per day in 2024. oil production has seen an average yearly growth rate of 5.5
” Read the article online at: [link] You might also like Reusing produced water Friday 27 June 2025 12:00 Morris Hoagland explores the ways produced water can be reused in and outside the oilfield and the opportunities this creates. Please sign in or register for free.
Image by Artem_Egorov via iStock Oil declined after Axios reported the US plans to restart nuclear talks with Iran, reducing the risk of another flare-up in the Middle East conflict. Renewed negotiations over Iran’s nuclear program would further reduce oil’s already-diminished risk premium. to settle at $67.00
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad.
3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross. 3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross.
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 Crude oil in the SPR stood at 402.7
Image by MarianVejcik via iStock While we should always be prepared for surprises in any market, especially oil, $100 crude appears increasingly unlikely this year. In that report, Standard Chartered projected that the ICE Brent nearby future crude oil price will average $65 per barrel in the fourth quarter of this year.
The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 million bbl of oil equivalent in Triassic reservoir rocks. The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6
The Polish energy company said all of its refineries have been supplied with non-Russian oil since March, with the final contract for Russian oil delivery from Rosneft ending June 30. Today, we purchase crude oil from across the globe. Their cooperation has enabled us to bring in oil and gas from alternative sources.
“Amid supply disruption concerns, Middle Eastern oil producers might have looked at additional storage locations around the world,” said Giovanni Staunovo, a commodity analyst UBS Group AG. The three nations loaded 11.9 million barrels a day onto tankers in June, ship-tracking compiled by Bloomberg shows.
During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 David Bramhill, Executive Chairman of Union Jack, commented: “As expected, current flow rates from Keddington are exhibiting a material increase in oil production to those seen prior to the site upgrades.
Image by chaiyapruek2520 via iStock The path of least resistance for oil prices from here is higher. “Our crude oil money-manager positioning index for the main WTI contract indicates a high degree of bearishness at -75.7, the confusion seems to be more about oil market fundamentals, the analysts said in the report.
The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. Oil comprises 75 percent and gas 25 percent, according to Equinor. kilograms of carbon dioxide per barrel of oil equivalent. It expects the project to start production 2029.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
This article was generated with the support of AI and reviewed by an editor. The Glaucus-2 appraisal well, completed in March 2022, confirmed the presence of a high-quality gas-bearing reservoir. Despite finding natural gas at several locations around its southern coast, Cyprus has not yet extracted or commercialized any of these resources.
Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.
API 580, the global standard for Risk-Based Inspection (RBI), plays a vital role in enhancing safety, reliability, and efficiency in the oil and gas industry. In this article, we’ll dive into the fundamentals of API 580, its [.] The post API 580: Complete Guide to Risk Based Inspection appeared first on PetroSync Blog.
and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75
Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180 000 bpd of oil, 7.2 million m3/d of gas, and a storage capacity of 2 million bbls of oil. million m3/d of gas, and a storage capacity of 2 million bbls of oil.
commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 It showed that crude oil stocks, not including the SPR, stood at 419.0 Crude oil in the SPR stood at 402.8 Crude oil in the SPR stood at 402.8 Image by Mst Hazera Begum via iStock U.S.
MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed. 700K Industry Pros can’t be wrong.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! POST A COMMENT Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
million) North Sea oil installation' Image by Alexander Sikov via iStock BEL Valves announced in a release sent to Rigzone recently that it had “lock[ed]… in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7
has extended its existing gas sale and purchase agreement with Oil India Ltd. OIL) for another 15 years. million standard cubic feet per day) of natural gas will be supplied from OIL’s Bakhri Tibba Block of Rajasthan, which covers the Dandewala, Tanot and Bagi Tibba fields. 700K Industry Pros can’t be wrong.
Woodside Energy) in support of the Trion deepwater oil and gas development offshore Mexico. Under the agreement, Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility – a major milestone in the region’s energy evolution.
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. Please sign in or register for free.
commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.2 It showed that crude oil stocks, not including the SPR, stood at 419.0 Crude oil in the SPR stood at 402.5 Crude oil in the SPR stood at 402.5 Image by champc via iStock U.S. million barrels on July 18, 422.2
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.
Image by BrianAJackson via iStock Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. “It will be challenging to meet dividend targets” with current oil prices, he said.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed. 700K Industry Pros can’t be wrong.
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Will All Oil and Gas Companies Have to Adopt GenAI? Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Will All Oil and Gas Companies Have to Adopt GenAI?
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed. 700K Industry Pros can’t be wrong. 700K Industry Pros can’t be wrong.
million barrels for the week ending June 27, an oil and gas report sent to Rigzone by the Macquarie team late Monday revealed. commercial crude oil inventories, excluding those in the SPR, dropped by 5.8 Crude oil in the SPR stood at 402.5 Crude oil in the SPR stood at 402.5 crude inventories will be down by 1.3
The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6%
“The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore)”, Abu Dhabi National Oil Co.’s There’s a reason 700K+ energy professionals have subscribed.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content