Oil & Gas 360º

MARCH 19, 2025

While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside risk from potentially lower sanctioned supply remains too low, Goldman Sachs analysts wrote in a Tuesday note carried by Reuters.

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Oil BBL Barrel Casing 130

BOE Report

MAY 4, 2025

Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes.

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BBL Drivers Barrel Oil 52

Egypt Oil & Gas

APRIL 16, 2025

The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. million barrels per day (mmbbl/d) year on year (YoY), which is the strongest rate since 2023.

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BBL Oil Barrel Gas 52

BOE Report

MAY 5, 2025

The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down [Read more] Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday.

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BBL Oil Petroleum Barrel 57

BOE Report

MARCH 19, 2025

The agency in its March 2025 Short-Term Energy Outlook report forecasts Alaska’s crude production to rise by “16,000 barrels per day (bbl/d) in 2026 to 438,000 [Read more]

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Crude Oil BBL Oil Barrel 57

Oil & Gas 360º

MAY 15, 2025

This press release contains various references to the abbreviation boe which means barrels of oil equivalent. All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of natural gas to one barrel (bbl) of crude oil. USD-CAD and C$3 / GJ AECO.

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Oil BBL Natural Gas Operator 130

Egypt Oil & Gas

APRIL 16, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade, he added. million barrels of oil equivalent (mmboe) in 2030, with further capacity expected by 2035.

Oil 52

Oil Sidetracking Exploration and Production Barrel 52

Egypt Oil & Gas

APRIL 20, 2025

This is expected to add about 7,500 barrels per day (bbl/d) and increase the total production of Ras Gharib fields to 9,000 bbl/d, driven by the efforts of GPCs engineers and technicians.

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Drilling rig Operator Petroleum BBL 52

Oil & Gas 360º

APRIL 23, 2025

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells. GJ to $3.35/GJ.

Oil 100

Oil Gas Exploration and Production BBL 100

Rextag

MAY 15, 2025

bbl Natural gas: $1.35/Mcf bbl Cash and Capital Metrics: Cash capex : $501 million Adjusted operating cash flow : $961 million Net cash from operations : $898 million Controllable cash costs : $7.54/boe The upside in natural gas was driven by elevated ethane rejection. Realized Pricing: Oil: $70.48/bbl Mcf NGLs: $23.90/bbl

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Basin Operator BBL Natural Gas 52

Oil & Gas 360º

MAY 29, 2025

BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 million barrels of oil equivalent (“boe”) for the well. The Company hedged a total of 18,000 barrels of oil (“bbls”) in Q1. net wells).

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BCF Energy Energy Condensate 130

Egypt Oil & Gas

MARCH 25, 2025

These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe). Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5

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Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.

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Sustainable Sustainability Oil Basin 52

Oil & Gas 360º

MARCH 10, 2025

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 Barrel of Oil Equivalency “Boe” means barrel of oil equivalent.

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Energy Energy Exploration and Production Natural Gas 130

Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. EBITDAX1 1.1

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Energy Energy Exploration and Production BBL 66

Oil Gas Leads

MAY 2, 2025

This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55

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Upstream Basin Consulting Engineer 52

OilPro

MARCH 16, 2020

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? API 650 Guideline 2,500 Bbl tanks and then truck them to site. Are you interested in building tanks in-country using Canadian expertise with transportable API tanks up to 3,000 Barrels?

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API BBL Foremen Engineer 52

Rig Skills

MAY 25, 2020

DP -Drill pipe HWDP – Heavy weight drill pipe DC – Drill collar BOP – Blow out preventer TDS – Top drive system WOB -Weight on bit ROP – Rate of penetration GPM – Gallon per minutes SPP – stand pipe pressure VFD Variable frequency drive SCR -Silicon controlled rectifier AC -Alternating current DC – direct (..)

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Drilling rig Rig Operator HSE Shutdown 52

Rextag

APRIL 24, 2025

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

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Gas BCF BBL Exploration and Production 52

Rextag

JANUARY 21, 2025

Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. Current estimates suggest that at $70/ bbl oil, companies hold three to seven years of drilling inventory in core zones.

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Oil Gas IT BBL 40

Oil Gas Leads

MAY 15, 2025

Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl. We have decades of inventory below our $40 per barrel WTI cost of supply threshold Ryan Lance, ConocoPhillips Over a third of our production comes from short cycle U.S.

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Gas Oil Basin Operator 52

The Energy Law

SEPTEMBER 13, 2007

Crude oil recorded yet another record high, increasing over $4 per barrel to nearly $80. Bbl UP $4.11 Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 NYMEX (September deliveries) $6.438/MMBtu UP $0.63

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Pipeline Natural Gas BCF BBL 40

Rextag

MAY 8, 2025

Equinor Q1 2025 Performance Total Equity Production: 2,123 mboe/day Equinors total equity production in the first quarter of 2025 was 2,123 thousand barrels of oil equivalent per day (mboe/d). Production Breakdown: Oil volumes: 78,675 Bbl/day (58% of total production), up 12.1% increase from 1,056 mb/d in Q1 2024.

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Exploration and Production Energy Energy Basin 40

Rextag

APRIL 24, 2025

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

Gas 40

Gas BCF BBL Exploration and Production 40

Rextag

JUNE 2, 2025

In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d. million b/d of production before reaching a plateau of 7.7

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Basin Exploration and Production Oil Condensate 40

The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Bbl UP $2.22 Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17 NYMEX (September deliveries) $5.805/MMBtu UP $0.22 Natural Gas in Storage 3,005 Bcf UP 36 Bcf 10.4%

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Pipeline BCM Maintenance Natural Gas 40

Rextag

FEBRUARY 24, 2025

Oil Price & Market Dynamics (2024-2025) 2024 Oil Price Trends Brent Crude Oil Price (2024 Average): $80 per barrel. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024. Factors Driving 2024 Prices: Geopolitical tensions in the Middle East and Russia-Ukraine conflict pushed prices above $85/bbl at times.

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Basin Oil Gas Exploration and Production 40

Iraq Business News: Oil & Gas

MARCH 20, 2025

bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl (2023: $5.6/bbl), bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),

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BBL Exploration and Production Operator Pipeline 64

Energy Central

MARCH 18, 2022

I am sometimes asked whether there are any potential scenarios in which crude oil rises to $200 a barrel (bbl) and I typically say “That could happen if war broke out in Saudi Arabia and it took that country’s oil production offline.” Well, that also.

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BBL Oil Crude Oil Barrel 40

Oil & Gas 360º

APRIL 15, 2025

million barrels per day (bpd) this year, lower by 260,000 bpd than the growth expected last month, the International Energy Agency (IEA) said on Tuesday, citing lower-than-forecast production from the United States and Venezuela. (Oil Price) –Global oil supply is set to rise by 1.2 have sent oil prices plummeting this month.

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Oil BBL Offshore Barrel 130

BOE Report

MAY 5, 2025

Oil prices below $50 a barrel could hurt final investment decisions on offshore projects, oilfield services company Weatherford International’s CEO Girish Saligram said on Monday. Plans by the producer group OPEC+ to raise output and U.S. President Donald Trump’s tariff policies have pushed U.S.

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BBL Offshore Oil Crude Oil 62

Oil & Gas 360º

APRIL 4, 2025

a barrel at 14:05 GMT, while Crude Oil WTI Futures fell 8.4% bbl Brent forecast for 2H25 for now,” Morgan Stanley commodity strategists said. Brent Oil Futures dropped 7.6% “We leave our forecasts unchanged until further clarity emerges, sticking with our $67.5/bbl

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Oil Crude Oil BBL Barrel 130

Oilholics Synonymous Report

APRIL 8, 2025

With major manufacturing centers in Asia on the President's tariffs list published on April 2, both Brent and WTI front-month futures subsequently shed over $10 per barrel or 14% from the price they were trading at the day before the announcement. The extreme volatility has brought WTI down below $60 per barrel and Brent shy of $65.

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BBL Oil Barrel Natural Gas 120

Oil Review Middle East

MAY 13, 2025

US President Trumps visit to the Middle East has the potential for significantly impacting oil markets, according to energy consultancy Rystad Energy Brent oil is hovering around US$65/bbl, buoyed by progress made on US-China trade negotiations, which have also eroded some demand side pessimism.

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Refinery Consulting Oil BBL 52

Enverus

APRIL 15, 2025

We’ve seen Brent and WTI plummet by roughly $10-$15 per barrel, primarily due to fears of a global economic slowdown and the impending recession triggered by President Trumps tariffs. Based on EIR’s models, sustaining prices of $65/bbl Brent in Q2, or $60/bbl WTI, imply a market imbalance of around 2 million barrels per day.

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Oil BBL Barrel Transportation 130