This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas.
Kazakhstans combined crude oil and condensate production reached an all-time high in March, which further exceeded the countrys crude output ceiling under the OPEC+ deal. million barrels per day (bpd) of crude oil plus condensate last month, industry sources told Reuters on Tuesday. Crude oil production only rose to 1.88
million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. In February, oil and condensate production averaged 2.12 As international supermajors are expanding oilfields in Kazakhstan, the non-OPEC producer part of the OPEC+ pact pumped as much as 2.16
million barrels per day (bpd) of crude in the first 19 days of Maywell above its OPEC+ target of 1.486 million bpd. The increase comes after Kazakhstans energy ministry said earlier this month that there would be no cut to its crude and condensate levelsa cut which would be necessary
trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050.
billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. billion (C$15 billion), and 370,000 barrels of oil per day (boe/d) of production, 63% of Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion), inclusive of net debt.
Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. million barrels a day of crude this month.
million barrels per day (bpd). The deal doesnt cover condensate production and has no limits on it. million tons of crude oil and condensate in 2025, or about 2 million bpd, which would be 9.7% million barrels from cumulative output by 2026. Under the OPEC+ agreement, Kazakhstans crude oil production quota is below 1.5
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 million barrels of oil equivalent (“boe”) for the well. Gross Recoverable Condensate (MMBC) 3.5 Net Recoverable Condensate (MMBC) 2.7 net wells).
crude oil production, including lease condensate, averaging 13.59 million barrels per day this year. According to its latest short term energy outlook, the EIA sees U.S.
Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83
Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9 million standard cubic feet per day (“mmscf/d”) and 856 barrels of oil per day (“bopd”)) on a 18/64-inch choke setting, which was achieved with no material drop in bottom hole pressure.
million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. The CHPE best estimate for Contingent Resource volumes (2C Development Pending) is 627.4 billion cubic feet (BCF) natural gas and 66.5 The net risked recoverable contingent resource (2C Development Pending) is 501.9
These discoveries are set to add approximately 12 million barrels of oil equivalent (mboe) in reserves, with 4 mboe deemed recoverable. Khalda Petroleum Company (Apache) has successfully made three new oil and natural gas discoveries in its concession areas in the Western Desert.
million barrels of gas condensates, more than 34,000 metric tons of granulated sulfur, and over 373,000 liters of natural gas odorant in 1403, using 100% domestically sourced materials. In addition to sweetened gas, the refinery also produced over 7.26
In 2020-2021, global commodity traders Trafigura, Vitol and Mercantile joined Vostok oil, Rosnefts flagship project that is expected to produce up to 2 million barrels per day (bpd) by 2030, but left it after February 2022. OMV Putin also ordered the transfer of OMV stakes in Russian ventures in December 2023. OMV paid 1.75
Driven by rising seasonal demand and geopolitical uncertainty, global oil markets could see tighter balances this summer, despite a projected surplus of supply in 2025, according to Rystad Energy This year, global liquids demand is expected to grow modestly by 700,000 barrels per day (bpd), while supply surges by 2.2 Of this, 1.8
Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 The monthly level is the lowest since current record system began in 1990.
These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe). Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5
Samir indicated that the companies succeeded in placing the tenth phase wells of the WDDM development project on the production map, with a total of three wells achieving a daily production rate of 160 million cubic feet of gas (mscf) and 2,000 barrels of condensates.
Encinos acreage improves the quality and depth of our Utica position, expanding EOGs multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent.
Light Oil & Condensate: Production is rich in high-value hydrocarbons. This play may surprise the market as a future high-margin contributor, especially for nimble producers targeting niche barrels. Gas & Condensate-Heavy: Attractive to companies with LNG ambitions or condensate blending strategies.
Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.
200 barrel housed Innopipe installation. Liquids then dump to tanks or in some cases, condensates are re-injected into the downstream gas line, thus mitigating costly pipeline volume capacity taken up by water. The downstream infrastructure only has to deal with gas and condensate, operating much more efficiently.
Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.
Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells.
Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S. The drillers arent just seeking natural gas, but rather the associated liquids such as condensate, which is blended with oil sands bitumen to allow it to flow through pipelines and commands stronger pricing than Canadian crude, Rix said.
In mountains, oil and products move in barrels and containers on mules, often drone-monitored. In mountainous areas, oil and products are shipped in barrels and containers on mules, sometimes monitored by drones. Condensate exports also declined. The Trump administration targets Iran's seaborne oil exports.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content