Oil & Gas 360º

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 by $2 from its previous estimate. It has also cut its forecast for West Texas Intermediate (WTI) crude by $3/bbl, now projecting it to average $56/bbl for the remainder of 2025 and $52/bbl in 2026. a barrel.

BBL

Oil & Gas 360º

JUNE 4, 2025

Based on internal data from 28 banks, a record number of participants, the latest survey shows while oil and gas prices have shifted in the short term, long-term forecasts are still in line with past projections, suggesting banks view recent economic changes as temporary. per barrel from $61.89 per barrel in Fall 2024.

BBL

Egypt Oil & Gas

APRIL 3, 2025

The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (bbl/d), equivalent to three monthly increments, in May 2025. million barrels per day (mmbbl/d).

BBL

Oil & Gas 360º

APRIL 23, 2025

(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4

Gas

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.

Oil

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.

BBL

Oil & Gas 360º

MAY 15, 2025

(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. About Strathcona Strathcona is one of North Americas fastest growing oil and gas producers with operations focused on thermal oil and enhanced oil recovery. Strathconas common shares (symbol SCR) are listed on the Toronto Stock Exchange (TSX).

BBL

Oil & Gas 360º

MAY 29, 2025

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.

BCF

Oil Gas Leads

MAY 15, 2025

oil and gas executives arent just reacting to the markettheyre actively redefining it. Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl. Darren Woods, ExxonMobil The Marathon assets gave us another 2+ billion barrels sub-$40 cost of supply.

Gas

Rextag

APRIL 24, 2025

Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. Bcf/d by 2026.

Gas

Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

Exploration and Production

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. The post GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year first appeared on Egypt Oil & Gas.

Drilling rig

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

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

Petroleum

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.

Sustainable

Rextag

MAY 15, 2025

The upside in natural gas was driven by elevated ethane rejection. The upside in natural gas was driven by elevated ethane rejection. bbl Natural gas: $1.35/Mcf Realized Pricing: Oil: $70.48/bbl Mcf NGLs: $23.90/bbl billion Total debt : $4.0 million shares repurchased in April 2025 ($10.52

Basin

Rextag

JANUARY 21, 2025

The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. 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.

IT

Rextag

APRIL 24, 2025

Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. Bcf/d by 2026.

Gas

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

Energy

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

Upstream

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?

API

Rig Skills

MAY 25, 2020

Let see some mostly used acronyms in oil and gas drilling rig operational game plan and daily drilling report. These acronyms minimize drilling report size and make it easy to read and understand. Without these abbreviation drilling report will look massive text contents and reader will feel boring.

Drilling rig

The Energy Law

SEPTEMBER 13, 2007

The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. Natural Gas in Storage 3,069 Bcf UP 64 Bcf 9.3%

Pipeline

Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. Natural Gas Production: 25.8 Projected Natural Gas Production: Expected the Haynesville region to account for 14% of the U.S. MMBbl/d , a 0.3

Basin

The Energy Law

SEPTEMBER 6, 2007

Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Crude oil was up over $2 per barrel. Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu Bbl UP $2.22

Pipeline

Rextag

MAY 8, 2025

The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.

Exploration and Production

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

Basin

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),

BBL

Oil & Gas 360º

JUNE 19, 2025

(BOE Report) – Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday. million barrels per day (bpd) of crude oil. a barrel on Wednesday, while U.S.

Barrel

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.

Oil

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

Oil

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.

BBL

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.

Oil