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

Rigzone

JULY 14, 2025

per barrel and the WTI spot price will average $65.22 per barrel in 2025. per barrel and the WTI spot price will average $65.22 per barrel in 2025. per barrel in the third quarter of this year and $64.02 per barrel in the third quarter and $60.02 per barrel in the fourth quarter of 2025.

Oil

Egypt Oil & Gas

JUNE 12, 2025

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.

Petroleum

Rigzone

JUNE 23, 2025

Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

Gas

Iraq Business News: Oil & Gas

JUNE 24, 2025

Iraq's Ministry of Oil has announced finalised oil export volumes for May. Total exports of crude oil: 101,630,925 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,365,335 barrels. Exports to Jordan amounted to 309,906 barrels.

Oil

Iraq Business News: Oil & Gas

JULY 28, 2025

Iraq's Ministry of Oil has announced finalised oil export volumes for June. Total exports of crude oil: 98,882,613 barrels. Exports from the oil fields in central and southern Iraq amounted to 97,718,994 barrels. Exports to Jordan amounted to 216,878 barrels.

Oil

Rigzone

JUNE 27, 2025

Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.

BCF

Oil & Gas 360º

AUGUST 5, 2025

Exxon Mobil and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in their attempts to close the production gap that has expanded in recent years. Exxon pumped 4.63 ROI delivers thought-provoking, data-driven analysis.

Upstream

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year.

Oil

CNBC: Energy

AUGUST 5, 2025

Aramco posted a year-on-year drop in revenues amid lower crude prices in the second quarter. Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada.

Upstream

Oil Review Middle East

AUGUST 6, 2025

The decrease was mainly due to the impact of lower revenues (due to lower crude oil prices and lower refined and chemical products prices) as well as higher operating costs, according to the company. Aramco declared a Q2 2025 base dividend of US$21.1bn and a performance-linked dividend of US$0.2bn to be paid in the third quarter.

Crude Oil

Oilfield Technology

AUGUST 4, 2025

The subsea tieback, which connects new wells to existing offshore production facilities through pipelines, will extend the footprint of the Mad Dog field discovered in 1998. From the completion of the appraisal well in May 2023 to first oil, the project reached startup in approximately 25 months – setting a record for bp.

Exploration and Production

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year.

Barrel

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.

Operator

Oil Gas Leads

JULY 26, 2025

Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 crude oil production hit 13.2 the world’s top oil producer. to 3 million barrels of heavy crude per day , due to legacy refinery configurations built before the shale boom.

Energy

Oil & Gas 360º

AUGUST 5, 2025

energy companies are producing record amounts of oil, much of it from onshore shale fields. New techniques and technology, like longer lateral wells, automation and more powerful equipment, have driven productivity gains across the industry that have allowed oil companies to pump more with fewer rigs and less capital.

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

Crude Oil Futures

JULY 1, 2025

Despite ongoing tensions in the Middle East, crude oil prices have remained remarkably steady. Contrary to some analysts' and investment bankers' predictions of soaring oil prices, this did not materialize. The OPEC+ alliance is adding an additional 141,000 barrels to the market, as per their latest decision.

Oil

Rigzone

JULY 1, 2025

crude oil production rising this year. crude oil production, including lease condensate, rising to an average of 13.42 million barrels per day in 2025. million barrels per day to the 13.42 million barrel per day figure, the STEO showed. million barrels per day of the 11.17

Crude Oil

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.

Condensate

Rigzone

JUNE 16, 2025

Image by KvitaJan via iStock Oil fell on signs that the conflict in the Middle East may avoid disrupting crude production, with Iran seeking to deescalate hostilities with Israel. to settle below $72 a barrel after spiking to start the session and swinging in an $8 throughout the day. Oil Prices: WTI slipped 1.7%

Oil

Oil & Gas 360º

AUGUST 1, 2025

President Trump welcomed Pakistan’s army chief, Field Marshal Asim Munir, for rare talks at the White House in June. The South Asian nation’s oil reserves are estimated at 238 million barrels in 2024. Pakistan Stock Exchange’s benchmark index closed 0.6% higher with energy exploration companies among the leading gainers.

Oil

OilPrice

MARCH 31, 2025

Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen.

Field

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. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

IT

OilPrice

APRIL 3, 2025

Mexicos finance ministry has revised the countrys crude oil production rate for the year by 129,000 bpd less than previously expected. Instead of 1.8 million bpdthe target set by President Claudia SheinbaumMexico is seen producing 1.762 million bpd, Reuters reported, citing the ministry.

Exploration and Production

BOE Report

MAY 20, 2025

oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey’s southeastern Diyarbakir Basin, the Turkish energy minister said. Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin.

Barrel

Oil & Gas 360º

MARCH 19, 2025

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0

Crude Oil

Oil & Gas 360º

MARCH 26, 2025

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.

Field

Oil & Gas 360º

MARCH 18, 2025

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary.

Field

Oil & Gas 360º

MAY 29, 2025

Under the OPEC+ agreement, Kazakhstans crude oil production quota is below 1.5 million barrels per day (bpd). Last week, Akkenzhenov said that Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field. million barrels from cumulative output by 2026.

Oil

Oil & Gas 360º

MARCH 6, 2025

Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. had until April 4 to make the payment. Its been pledged as part of a $3.2

Oil

Iraq Business News: Oil & Gas

MARCH 26, 2025

Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz.

Field

Iraq Business News: Oil & Gas

MAY 31, 2025

The Iraqi Ministry of Oil has announced that crude oil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first phase of a broader integrated development plan. By John Lee.

Field

Oil & Gas 360º

MAY 30, 2025

(Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33

Oil

Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94

Crude Oil

Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - Southern Region , adding 95 km west of the Diyala River. According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.

Field

Oil & Gas 360º

MAY 5, 2025

(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. There are signs that the peak is already at hand.

Oil