Remove Barrel Remove BBL Remove Offshore
article thumbnail

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. This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard.

article thumbnail

Chevron’s Permian production tops 1 million boe/d, executives shift focus to cash flow

Oil & Gas Journal

times the barrels it does in the Denver-Julesburg basin and five times as many as in the Bakken—is in the lead when it comes to the focus on cash flow. bbl versus $59.85 “At some point, growth is less the objective than free cash flow,” chief executive officer Mike Wirth told analysts and investors on an Aug.

Insiders

Sign Up for our Newsletter

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

article thumbnail

bp Unveils New Oil Discovery at Gulf of America.

Egypt Oil & Gas

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.

article thumbnail

U.S. Upstream Leads ExxonMobil’s 2025 Strategy — Powered by “Advantaged” Projects

Oil Gas Leads

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

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). The company noted that the output was in line with expectations, despite ongoing offshore development challenges (e.g., shale basins.

article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Gulf of America (Mexico) Offshore Giant Making a Comeback 2023-2024 Overview The Gulf of America (Mexico) remains a cornerstone of U.S. offshore oil production, accounting for around 15% of total domestic crude output. Beacon Offshores Shenandoah Field: This project is another major deepwater initiative, targeting 0.12

article thumbnail

IEA cuts oil supply estimate on lower U.S. and Venezuelan output

Oil & Gas 360º

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. million bpd in 2025 to 960,000 bpd growth in 2026, when offshore projects will take the lead.

Oil