Remove Barrel Remove BBL Remove Maintenance
article thumbnail

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. Back in 2017-2019, U.S.

Oil
article thumbnail

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. The company paid a $25 million [approx. billion] interim dividend in April and remains debt-free with $100 million [approx.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. Million bbl/d, Exceeding OPEC+ Quota first appeared on Egypt Oil & Gas. from January to 1.83

BBL
article thumbnail

Genel Energy: Tawke delivering "Significant Cash Generation"

Iraq Business News: Oil & Gas

For 2025, we remain focussed on three principal objectives: maintenance of a strong balance sheet; resilient cash generation from the core business; and the addition of new assets. Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. Production costs (17.6) (18.0)

article thumbnail

EIA Lastest News – Product Prices & Pipeline News

The Energy Law

Crude oil was up over $2 per barrel. Bbl UP $2.22 Furthermore, on September 5, FGT announced maintenance work beginning on September 6, which is expected to last until September 8. Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17

article thumbnail

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

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). In the first quarter of 2025, BP reported liquids production of 1,086 thousand barrels per day (mb/d), a 2.8% TWh , the same as Q1 2024.

article thumbnail

Gulf Keystone shares rise on Full-Year Results

Iraq Business News: Oil & Gas

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