Oil & Gas 360º

JULY 2, 2025

Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Eni SpA and Exxon Mobil Corp. million bpd.

Exploration and Production

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. An exploration well, Dalia‑6, was also drilled 2024. Start-up is targeted 2028.

Offshore

Oil & Gas Journal

AUGUST 1, 2025

1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. MMboe/d, driven by gains in the Gulf of Mexico and Permian basin. ’s production in the Permian basin topped 1 MMboe/d for the first time during the second quarter, hitting a target executives set for themselves more than 5 years ago.

Exploration and Production

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Shale’s ability to add 4.2

Energy

Rigzone

JULY 31, 2025

Image by CoreDesignKEY via iStock United Oil & Gas Plc said it has received an environmental permit from Jamaica's National Environment and Planning Agency (NEPA) for UOG's planned offshore surveys at its 100 percent owned Walton Morant License. The environmental permit is valid for five years, the company said in a news release.

Offshore

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The Southern North Sea is the only region with no new fields under development today despite encouraging exploration success. It shows that over 7 billion barrels are geologically proven and technically accessible. This is normal in a mature basin.

Exploration and Production

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard.

Midstream

Rigzone

JUNE 9, 2025

rig count of 559, 544 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. land rig count reduced by four, and its offshore rig count and inland water rig count remained unchanged, the count highlighted. and 114 rigs from Canada, the count outlined. Of the total U.S.

Basin

Rigzone

JULY 30, 2025

With the acquisition of the new stakes, IIN’s oil and gas production volume will increase to about 27,000 barrels per day (bpd) from approximately 23,000 bpd, the company said. miles (250 kilometers) offshore Darwin in the Northern Territory of Australia, Inpex said. The company’s subsidiary Inpex Norway Co.

Exploration and Appraisal

Oil & Gas 360º

JULY 31, 2025

At under $2 for each additional barrel of oil recovered, ESal’s, RightWater offers one of the most cost-effective and environmentally responsible recovery methods available today. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins. Guaranteed.

Energy

Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production

Rigzone

JUNE 30, 2025

“Based on its decade long exploration and development success in Guyana in particular, ExxonMobil has created almost $30 billion in value and already surpassed 700,000 barrels per day of new oil production,” he added. “The company has set a new benchmark in opening up a deepwater frontier at pace.

Upstream

Valor

JUNE 16, 2025

Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% The laws create a DPS oilfield theft unit and task force to address rising pipeline thefts in the Permian Basin, which fuels Texas’ economy. Offshore activity held at 13 rigs (-9 y/y).

Energy

Rigzone

JULY 2, 2025

“Almost all well-known international companies” are vying for the 22 offshore and onshore blocks , he said. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million barrels a day.

Oil

Oil & Gas Journal

JULY 28, 2025

As part of its second-quarter 2025 report released July 23, Woodside chief executive officer Meg O’Neill said the Trion project offshore Mexico is now 35% complete. The FPU will be connected to a floating storage offloading (FSO) vessel with a capacity of 950,000 barrels of oil. The service provider said in a July 28 release.

Exploration and Production

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy

Rigzone

JULY 15, 2025

Block 12W is made up of three producing oil and gas fields: Chim Sáo, Chim Sáo North West (CSNW) and Dua, located in the Nam Con Son Basin, approximately 248.5 million barrels of oil equivalent (MMboe) and 4.9 miles (400 kilometers) southwest of Vung Tau, Vietnam. The headline value of the transaction is $85.1

Exploration and Production

Oil & Gas Journal

JULY 23, 2025

India has ramped up Russian crude imports in recent years, lured by steep discounts and the suitability of Russian barrels for middle distillate refining. Russia, on the other hand, will face significant impacts contingent on peace negotiations," Srivastava said. Reliance, with a massive refining capacity of about 1.2

Refinery

Oil & Gas 360º

JUNE 11, 2025

million, driven by a slowdown in the prolific Permian basin, the EIA said. Meanwhile, offshore output is set to grow to 1.85 million barrels per day in 2026, up roughly 40,000 barrels from last month’s forecast, mitigating the impact of reduced activity in other crude-producing regions. shale production will be about 11.09

Oil

Rigzone

JULY 31, 2025

The Armada processing hub serves Hawkins, Fleming, Drake, Maria, and Seymour fields and has a capacity of more than 20,000 barrels per day, the NSTA noted. According to its site, the NSTA licenses, regulates, and influences the UK oil and gas, offshore hydrogen, and carbon storage industries.

Oil

Rigzone

JUNE 24, 2025

rig count of 554, 538 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are categorized as inland water rigs. land rig count reduced by five, its offshore rig count increased by four, and its inland water rig count remained unchanged, the count highlighted. and 139 rigs from Canada, the count outlined.

Basin

Rigzone

JULY 21, 2025

and Hess respectively last year, Chevron’s purchase of Hess was delayed to 2025 due to arbitration by ExxonMobil and China National Offshore Oil Corp. Hess owns a 30 percent stake in the offshore block, which has placed Guyana among the fastest-growing non-OPEC producers. While both ExxonMobil and Chevron cleared extended U.S.

Exploration and Production

OilPrice

MAY 29, 2025

Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil. The Portuguese firms production in Brazil is about 110,000 barrels of oil equivalent per day (boepd) at present.

Field

OilPrice

JUNE 24, 2025

A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to extract $6.2 million barrels of crude daily. million barrels of crude daily. It also recently auctioned 19 blocks in the Foz do Amazonas basin, part of the Equatorial Basin and a highly sensitive ecosystem, according…

Oil

Oil & Gas 360º

MAY 28, 2025

Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude.

Barrel

Oil & Gas 360º

MAY 2, 2025

(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. million oil-equivalent barrels per day from Permian growth driven by the acquisition of Pioneer.

Basin

Oil & Gas 360º

APRIL 7, 2025

Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 onshore blocks, including areas with undeveloped discoveries, in the first International Exploration and Development Bid Round in 18 years. million barrels per day (bpd), NOC says. Libyas crude oil production currently exceeds 1.4

Exploration and Production

Rextag

MAY 5, 2025

This development marks a significant step in Chevrons strategic offshore growth and reinforces its broader production goals in one of its most prolific regions. He continued, Ballymore, which was completed on time and on budget, brings additional production online without building a new standalone offshore platform.

Barrel

Oil Gas Leads

MARCH 14, 2025

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production.

Basin

Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.

E&P

Oil & Gas 360º

APRIL 21, 2025

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Chevron is a leading leaseholder in the Gulf and continues to actively pursue opportunities for growth in the basin.

Oil

Egypt Oil & Gas

MARCH 23, 2025

(Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. Current estimated recoverable resource volumes of the Gato do Mato development are approximately 370 million barrels.

Upstream

Rigzone

JULY 14, 2025

rig count of 537, 522 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. land rig count reduced by two, while the country’s offshore rig count and inland water rig count remained unchanged, the count highlighted. Although the U.S. Of the total U.S. The total U.S.

Basin

Rextag

FEBRUARY 24, 2025

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

Basin

Oil Gas Leads

MAY 2, 2025

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. million boe/d in Q1. What Does “Advantaged” Mean?

Upstream

Rextag

DECEMBER 23, 2024

billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). ExxonMobils Acquisition of Pioneer Natural Resources Value: $64.5

Oil

Valor

APRIL 21, 2025

Read more New offshore leasing program boosts gulf of america energy sector Summary : On April 18, 2025, the U.S. Department of the Interior initiated the 11th National Outer Continental Shelf Oil and Gas Leasing Program, launching a 45-day public comment period to shape future offshore lease sales. per barrel, both up by $3.18.

BCF