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Trump’s flip-flop on emergency oil reserves has its merits: Bousso

Oil & Gas 360º

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. But it contained only 403 million barrels of crude oil as of July 4, according to government data, which is far below the record level of 727 million barrels reached in 2010. million bpd and 6.6

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Prairie Operating Co. begins completion of the Opal Coalbank Pad, acquired from Bayswater

Oil & Gas 360º

(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.

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Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Haitham Al Ghais, OPEC Secretary-General.

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The Produced Water Challenge

Permian Basin Oil and Gas Magazine

The Permian Basin alone produces approximately 15 millions of barrels of water a day. Through normal drilling, completions, and production, the numbers are staggering. Applying the standard rate of 44 gallons to the barrel, a total of 15 million barrels equals about 660,000,000 gallons of water a day. Not even on eBay.

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Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures

Oil & Gas 360º

Lawyers and experts have said more clarity is needed to complete the closure of those activities. About 300 contractors are linked directly and indirectly to Chevrons projects with PDVSA, which are responsible for about a quarter of Venezuelas 1-million-barrel-per-day oil output. The company had hired new staff in recent years.

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