Barrel, Condensate and Government

OPEC tensions build as Kazakhstan’s oil production hits all-time high

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

Oil Condensate Crude Oil Barrel

USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

JULY 21, 2025

crude oil production, including lease condensate, will average 13.37 million barrels per day across 2025 and 2026. million barrels per day in 2024. million barrels per day in the third quarter of this year, 13.43 million barrels per day in the fourth quarter, 13.42 million barrels per day in the second quarter, 13.33

Crude Oil

Crude Oil Oil Barrel Completion

From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

JUNE 26, 2025

The platform includes: Fractionation capacity : ~193,000 barrels/day (post-Fort Saskatchewan expansion), including field, hub, and straddle facilities Straddle gas processing : 5.7

Midstream

Midstream Condensate Natural Gas Operator

Santos Q2 Revenue Slightly Hit by Lower Oil Prices

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

Oil Barrel Gas Completion

Santos Q2 Revenue Slightly Hit by Lower Prices

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

Barrel Gas Completion Oil

Russia Targets Major Surge in Natural Gas Exports by 2050

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

Natural Gas BCM Condensate Gas

Kazakhstan says it has no plans to cut oil production this month

Oil & Gas 360º

MAY 8, 2025

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. Last week, Chevron Corp.

IT

IT Condensate Oil Barrel

Factbox-Energy assets affected by Russia-West standoff and sanctions

Oil & Gas 360º

MARCH 27, 2025

Western companies have either sold or ceded energy assets to Russian firms and European governments have taken over units of Russian energy firms, while Moscow has taken retaliatory measures against Western companies with units in Russia. The company was renamed Sefe (Securing Energy for Europe), and the German government injected 6.3

Energy

Energy Energy Oil Gas

Pemex oil exports fall in January, including by 36 percent to U.S.

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. Pemex produced crude oil and condensate of 1.62 He said the problem is being solved, according to Mexico Business News.

Crude Oil

Crude Oil Oil Refinery Condensate

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

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.

Exploration and Production

Exploration and Production Energy Energy Natural Gas

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

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.

Exploration and Production

Exploration and Production Natural Gas Crude Oil Energy

Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

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.

Basin

Basin Energy Energy Exploration and Production

BP Enters Into Series of Azerbaijan Deals

Rigzone

JUNE 6, 2025

million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

Exploration and Production

Exploration and Production Field Upstream Gas

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

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.

Gas

Gas Oil BBL Exploration and Production

Dana Gas Increases Investment in Kurdistan Fields

Iraq Business News: Oil & Gas

APRIL 3, 2025

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.

Field

Field Gas Petroleum Finance

Energy Aggregated

OPEC tensions build as Kazakhstan’s oil production hits all-time high

USA EIA Reveals Latest USA Crude Oil Production Forecast

Trending Sources

From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Santos Q2 Revenue Slightly Hit by Lower Oil Prices

Santos Q2 Revenue Slightly Hit by Lower Prices

Russia Targets Major Surge in Natural Gas Exports by 2050

Kazakhstan says it has no plans to cut oil production this month

Factbox-Energy assets affected by Russia-West standoff and sanctions

Pemex oil exports fall in January, including by 36 percent to U.S.

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

BP Enters Into Series of Azerbaijan Deals

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Dana Gas Increases Investment in Kurdistan Fields

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