Remove Barrel Remove Completion Remove Exploration and Production
article thumbnail

OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

Oil & Gas 360º

Focus is now on the group’s intentions for those barrels. Our base case remains that they will be done raising production once the 2.2 Back in May, Goldman had anticipated that OPEC+ would pause production hikes after an increase in July but the group carried on. That’s our expectation, that we will get another 0.55

Crude Oil 130
article thumbnail

Production Resumes at Keddington Oilfield

Rigzone

The company said in a media release production resumed following major site upgrades in 2024 and 2025. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Vermilion Energy Completes Exit from USA with Asset Divestment

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.

article thumbnail

Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.

article thumbnail

Top 5 Trends Reshaping Oil & Gas Strategy in 2025

Oil Gas Leads

It’s no longer about chasing barrels at any cost. Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example. Operational Innovation: Doing More with Less From drilling to completions, the U.S.

52
article thumbnail

Petrovietnam, JV Partners Sign PSC for Vietnam Block

Rigzone

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF 62
article thumbnail

Touchstone Posts Production Numbers from Trinidad Asset

Rigzone

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.