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

Valor

JULY 21, 2025

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close.

Energy

Rigzone

JULY 24, 2025

supply is likely to fall, two; short- and long-term demand are far more robust than consensus believed, and three; OPEC+ policy is becoming increasingly proactive, with the background of a sustained campaign by key members to increase the effectiveness of the organization,” the analysts added. percentage points week on week to 39.4

Oil

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

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 360º

JUNE 20, 2025

(BOE Report) – Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. Trading at around $77 a barrel, oil is below 2022’s $139 high, but is nearing pain points. “If Disruption here could push oil above $100, analysts say.

Oil

Oil & Gas 360º

JUNE 11, 2025

Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. a barrel, while the spread between the December 2025 contract and the December 2026 contract widened by 10 cents to $0.53.

Oil

CNBC: Energy

JUNE 13, 2025

Here's why Published Fri, Jun 13 2025 11:06 AM EDT Spencer Kimball @spencekimball WATCH LIVE The sudden spike in oil prices in response to Israel's attack against Iran should be short lived unless physical supplies are actually disrupted in the Middle East, energy analysts say. per barrel at 9:43 a.m. per barrel.

Oil

CNBC: Energy

JUNE 23, 2025

" "The count of available tankers recovered toward the weekend, and the number of crude carriers in the Gulf of Oman signaling their intent to enter the Mideast Gulf has also recovered from the low seen on June 16," she added. In 2023, oil flows through the waterway averaged 20.9 Energy Information Administration.

Electronics

CNBC: Energy

JUNE 22, 2025

million barrels per day in May, according to an OPEC report citing independent estimates. 1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 5:33 05:33 Oil prices jump more than 2% after U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region.

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 All gas is consumed domestically.

Condensate

OilPrice

JUNE 2, 2025

In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world.

Drivers

Oil & Gas 360º

MAY 13, 2025

(World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. oil production growth this year. oil production growth this year.

Crude Oil

Oil & Gas 360º

MARCH 19, 2025

Although the current month futures contract price for West Texas Intermediate (WTI) crude oil is below $67 per barrel, the Oil Index (XOI, red line) is up 0.5% Nevertheless, the Oil Service Index (OSX, bold line) down 13.6% YTD confirms pursuit of oil and natural gas actions and expectations are extra low.

Natural Gas

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. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels.

Crude Oil

Oil & Gas 360º

MAY 14, 2025

It also has some rather solid crude oil resourcesand some of the lowest production costs in the industry. The primary benefit of Canadian oil sands and Montney assets lies in their extensive inventory of low-cost resource, Enverus wrote in a recent analysis of the prospects of oil sands and the Montney shale.

Natural Gas

Oil & Gas 360º

MAY 5, 2025

produced about 5 million barrels of crude oil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed. That $62 per barrel break-even price in Midland is up from $46 in 2017.

Oil

Oil & Gas 360º

MAY 27, 2025

(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6

Barrel

Oil & Gas 360º

JUNE 4, 2025

That consistency helps support continued access to secured credit for oil and gas producers. Oil forecasts show the immediate market impact from the approximately $10 per barrel drop in April 2025, with banks reducing their 2025 price projection to $58.30 per barrel from $61.89 per barrel in Fall 2024.

BBL

Rextag

MAY 5, 2025

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. Partnership and Ownership The project is operated by Chevron U.S.A.

Barrel

Iraq Business News: Oil & Gas

MARCH 26, 2025

The agreement includes a comprehensive rehabilitation plan aimed at increasing crude oil production to 420,000 barrels per day and utilizing associated gas through the North Gas Company (NGC) to produce 400 million standard cubic feet per day.

Field

Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.

Exploration and Production

Oil & Gas 360º

APRIL 17, 2025

million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K.

Refinery

Rextag

MAY 19, 2025

In particular, the company is placing renewed emphasis on the Grand Mesa Pipeline , its flagship crude oil system serving producers in Colorados Denver-Julesburg Basin (DJ Basin). The pipeline offers shippers access to both Midcontinent and Gulf Coast refining and trading hubs.

Energy

Oil & Gas 360º

MAY 15, 2025

billion in 2027 2029, before returning to sustaining expected capital of $0.8 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 $1.2

BBL

Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6 Crude oil production remains on track for record levels , even as rig counts fluctuate.

Engineering

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. 2) See reader advisory: Type Curve. (3)

Gas

Oil Gas Leads

MARCH 11, 2025

Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market. oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. Expansion of crude oil gathering systems and joint ventures to support increased production.

Energy

Egypt Oil & Gas

MARCH 26, 2025

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024. He praised MIDORs contributions to hard currency earnings, local market stability, and sustainable growth.

Refinery

Rigzone

JUNE 24, 2025

“Oil prices were trending higher which, if sustained, could have pushed up global inflation rates up and central banks toward a higher policy rate trajectory,” he added. “Around 15 million barrels per day, or nearly a third of global seaborne crude oil exports, transit through the strait.

Oil

Rextag

JUNE 2, 2025

A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI).

Basin

Oil Gas Leads

MARCH 7, 2025

The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply.

Basin

Rextag

JANUARY 6, 2025

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability.

Offshore

CNBC: Energy

JUNE 21, 2025

If the Iranian leadership believes its survival is at stake, it could attack Gulf energy infrastructure and oil tanker traffic, analysts say. The oil market has reacted with remarkable restraint as Israel has bombed the third-largest crude producer in OPEC for eight straight days, with no clear sign the conflict will end anytime soon.

Oil

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.

Natural Gas

Oil & Gas 360º

MARCH 14, 2025

(Investing) –LONDON -Oil prices were stable on Friday after a more than 1% loss in the previous session, as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 26 cents, or 0.37%, to $70.14 on Thursday.

Oil

Oil & Gas 360º

APRIL 15, 2025

(BOE Report) – A steep drop in crude oil prices largely due to U.S. President Donald Trumps tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.

Oil