Oil & Gas 360º

MAY 8, 2025

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. million barrels a day of crude this month. According to the OPEC+ agreement, Kazakhstan should pump just under 1.4

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Oil & Gas 360º

MARCH 11, 2025

Exxon and its partners in Guyanas oil projects, U.S. 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. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Natural Gas Gas IT Oil 130

Egypt Oil & Gas

MARCH 6, 2025

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%

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Oil & Gas 360º

MAY 30, 2025

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.

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Exploration and Production Natural Gas Crude Oil Energy 130

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

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. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Oil & Gas 360º

MARCH 10, 2025

. (“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.

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Energy Energy Exploration and Production Natural Gas 130

Egypt Oil & Gas

MARCH 25, 2025

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

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Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

Oil & Gas 360º

MARCH 27, 2025

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

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Energy Energy Oil Gas 130

Oil Review Middle East

MAY 23, 2025

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

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Oil & Gas 360º

APRIL 1, 2025

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.

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Oil Gas Leads

JUNE 11, 2025

MBOE/d (Q4 2024; 24% oil) ~$260–$280 MM planned 2025 ~1 rig (reduced from 2 in mid-2024) Devon Energy ~79 MBOE/d (Q1 2025; ~15% oil) ~$150 MM planned 2025 2 rigs in 2025 (down from 3 in 2024) Coterra Energy ~64 MBOE/d (2024 avg) ~$289 MM in 2024 1 rig at end-2024 (added rig in 2025) Continental Resources (private) ~32% of co.

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Rextag

JUNE 2, 2025

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

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Oil & Gas 360º

APRIL 23, 2025

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.

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Gas Oil Exploration and Production BBL 100

Oil & Gas 360º

JUNE 13, 2025

(Investing) – Oil prices jumped almost 7% on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Brent crude futures were up $4.57, or around 6.59%, to $73.93 earlier in the session.

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Oil & Gas 360º

APRIL 29, 2025

Canada is the worlds fourth-largest oil producer and the fifth-largest gas producer,accordingto the International Energy Agency. Nearly all of its oil and much of its gas is exported to the U.S. West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S.

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Natural Gas Gas Oil Condensate 130

Oil & Gas 360º

JUNE 13, 2025

The National Iranian Oil Refining and Distribution Company said refining facilities and oil storage did not sustain any damage in the attacks. million barrels of oil per day (bpd), or around 3% of global output. million bpd of crude and condensate and exports 2.6 It exports 90% of its crude via Kharg Island.

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