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Making enhanced oil recovery great again: OBBA 45Q tax credit shift cuts E&P costs by 40%

Enverus

Our analysis of the budget reconciliation bill found that the hike in the tax credit from $60 to $85 per tonne reduces conventional EOR production breakevens by more than 40%, dropping from $28 to $16 per barrel. “Our This is due to the incremental barrel of oil as well as avoiding lengthy Class VI permitting timelines,” said Jen.

E&P
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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position of strength. That means oil sands producers have lowered their overall costs by approximately $10 a barrel in about seven years. bbl between 2017 and 2019, according to BMO. shale costs up. and Canadian company earnings.

Oil
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Reusing produced water

Oilfield Technology

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. It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs.

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Morgan Stanley sees Brent at $60/bbl by early next year

BOE Report

Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday.

BBL
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Global Oil Demand to Surpass 120Mn bbl/d by 2050: OPEC Secretary General

Egypt Oil & Gas

Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC). He noted that there is a need for $17.4

BBL
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Gulf Keystone Maintains Production Guidance Amid Regional Tensions

Iraq Business News: Oil & Gas

CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by steady local demand and optimisation efforts. Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900

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JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s

Oil & Gas 360º

million barrels per day reduction in Iranian oil exports. “Under this severe outcome, we estimate oil prices could surge to the $120-130/bbl range,” they said. . “Under this severe outcome, we estimate oil prices could surge to the $120-130/bbl range,” they said. per barrel on Thursday, while U.S.

Oil