Oil & Gas 360º

JULY 1, 2025

million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. Total oil and condensate production rose to 2.15 In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 in June to 1.88 million bpd in June, up from 2.02

Oil

Rextag

JUNE 10, 2025

The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated. Why the Utica?

Condensate

Rextag

JUNE 26, 2025

Setoguchi emphasized that the acquisition helps "repatriate important Canadian energy infrastructure," keeping energy cash flows within the country and bolstering Canada’s energy independence and economic resilience. TSX: KEY) is a leading Canadian-based energy infrastructure company headquartered in Calgary, Alberta.

Midstream

Oil & Gas 360º

JULY 22, 2025

Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% million barrels per day, according to official figures. Oilfield service companies have significantly decreased activities because of the lack of payments from Pemex, the world’s most indebted energy company. (Investing) – HOUSTON -U.S.

Oil

Egypt Oil & Gas

AUGUST 5, 2025

The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.

Gas

Rextag

JUNE 20, 2025

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5

Gas

Rigzone

JUNE 23, 2025

The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels, according to the statement, which showed that the preliminary reported total volume of natural gas in the state during the same month was 918.4 The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.

Gas

Egypt Oil & Gas

JULY 22, 2025

The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate. The WND Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.

Natural Gas

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels. a barrel, compared to $82.24 per barrel in Q1. on Thursday reported $1.29

Oil

Rigzone

JULY 28, 2025

In its quarterly update, Ovintiv reported that its average production for the three months ended June 30 was 615,000 barrels of oil equivalent per day (615 Mboe/d). This includes 211,000 barrels of oil and condensate per day (Mbbls/d), 96 Mbbls/d of other natural gas liquids, and 1.85 million cubic feet per day of natural gas.

Exploration and Production

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels. a barrel, compared to $82.24 per barrel in Q1. on Thursday reported $1.29

Barrel

Oil Review Middle East

JULY 14, 2025

Global oil demand is set for continued robust growth to 2050, reaching almost 123 mn bpd by then, according to OPEC’s newly-launched 2025 World Oil Outlook (WOO) OPEC forecasts that the world will require more energy in the decades to come, with global energy demand set to expand by 23% to 2050.

Condensate

Rigzone

AUGUST 6, 2025

According to the statement, Aramco’s total hydrocarbon production came in at 12.780 million barrels of oil equivalent per day in the second quarter. Aramco’s total hydrocarbon production was 12.544 million barrels of oil equivalent per day in the first six months of 2025, the statement showed.

Gas

Rigzone

JULY 24, 2025

million barrels per day (MMbd), down 6.4 On Wednesday, majority state-owned Equinor ASA said its Norwegian equity gas and liquids production in the second quarter averaged 704,000 barrels of oil equivalent a day (boed) and 655,000 boed respectively. MMscmoe natural gas liquids and condensate and 60 MMscmoe gas for sale, the NOD said.

Gas

Oil Gas Leads

JUNE 11, 2025

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.

Operator

Rigzone

JULY 29, 2025

Crude and condensate production slumped to 1.63 million barrels per day, down 8.6% The company has attracted partnerships from Mexican billionaire Carlos Slim’s Grupo Carso SAB and Australia’s Woodside Energy Group Ltd. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Pemex posted a net income of 59.52

Finance

Rigzone

JUNE 9, 2025

Energy Information Administration] basin definition - decreased by 6 to 427 rigs. “Consequently, we have revised down our 2025 Permian crude and condensate output by 8,000 barrels per day. Department of Energy (DOE) and the American Petroleum Institute (API) for comment on J.P. In the research note, the J.P.

Basin

Oil & Gas 360º

JUNE 13, 2025

a barrel at 1352 GMT, after hitting an intraday high of $78.50, the highest since January 27. Friday’s gains were the largest intraday moves for both contracts since 2022, after Russia’s invasion of Ukraine caused a spike in energy prices. Brent crude futures were up $4.57, or around 6.59%, to $73.93 earlier in the session.

Oil

Oilfield Technology

JULY 23, 2025

An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas.

Spud-in

Rigzone

JULY 1, 2025

Energy Information Administration's latest short term energy outlook sees U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released last month, sees U.S. crude oil production, including lease condensate, rising to an average of 13.42

Crude Oil

Oil & Gas 360º

JUNE 13, 2025

million barrels of oil per day (bpd), or around 3% of global output. Following are some facts on the country’s energy industry, exports and the impact of previous Western sanctions. million bpd of crude and condensate and exports 2.6 million bpd of crude oil, condensate and refined products.

Condensate

Rigzone

AUGUST 5, 2025

Several big-name energy companies and financial suitors have dropped out of bidding for Castrol and valuation expectations have slipped, people with knowledge of the matter said last month. Brent slid about 9 percent in the period and is now hovering just below $70 a barrel - the level BP uses to model financial targets.

Oil

OilPrice

MAY 23, 2025

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. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2

IT

OilPrice

MAY 20, 2025

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

Condensate

OilPrice

APRIL 14, 2025

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

Natural Gas

Rigzone

JULY 23, 2025

Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Var Energi Makes Gas, Condensate Find Offshore Norway by Andreas Exarheas | Rigzone Staff | Wednesday, July 23, 2025 | 10:09 AM EST 'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.

Gas Condensate

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

IT

Oil & Gas 360º

MAY 7, 2025

(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9

Energy

Oil & Gas 360º

MAY 29, 2025

(Oil Price) –Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. million barrels per day (bpd). million barrels from cumulative output by 2026.

Oil

Oil & Gas 360º

MAY 29, 2025

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. 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

BCF

Oil & Gas 360º

MAY 12, 2025

(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. CanCambria Energy Corp. CanCambria Energy Corp. million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked).

Gas

Oil & Gas 360º

MARCH 27, 2025

(Investing) –The United States reached separate deals on Tuesday with Ukraine and Russia to halt attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow. SAKHALIN-2 OIL AND GAS AND LNG PROJECT Kremlin-controlled energy giant Gazprom (MCX: GAZP ) in 2024 acquired a 27.5%

Energy

Oil & Gas 360º

MARCH 11, 2025

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

Natural Gas

Rigzone: News

FEBRUARY 25, 2025

According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.

Crude Oil

Oil & Gas 360º

APRIL 1, 2025

( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. ABOUT RING ENERGY, INC. Ring Energy, Inc. Source: Ring Energy, Inc. served as legal counsel. Truist Securities served as financial advisor to Lime Rock and Kirkland & Ellis LLP served as legal counsel.

Basin

Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

Exploration and Production

Oil & Gas 360º

MAY 30, 2025

(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Register to attend.

Exploration and Production