Remove Barrel Remove E&P Remove Petroleum
article thumbnail

Permian oil producers face higher costs with new saltwater rules

Oil & Gas 360º

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.

article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MOL discovers new oil field in Western Hungary

Oil & Gas 360º

MOL has ambitious E&P investment plans. thousand barrels of oil equivalent per day (boed). Consequently, it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Trkiye (Turkish Petroleum).

Field 130
article thumbnail

The Permian is not done yet

Oil & Gas 360º

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 million barrels daily. million barrels daily in 2035. To be sure, the boom days seem to be over.

Barrel 130
article thumbnail

Ecopetrol eyes SierraCol purchase to boost output, reserves in Colombia

Oil & Gas 360º

The assets were purchased from Occidental Petroleum Corp. A press official for Carlyle Group declined to comment.SierraCol, which produces around 45,000 barrels of oil equivalent a day (boed), also declined to comment. Carlyle Group is seeking to sell SierraCol Energy Ltd., Colombias biggest independent oil producer, for $1.5

article thumbnail

Chevron starts oil production from Ballymore Project in Gulf of America

Oil & Gas 360º

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Co-owner TotalEnergies E&P USA, Inc. Malo facilities. Chevron subsidiary Chevron U.S.A.

Oil 130
article thumbnail

The heart of the US oil boom is slowing

Oil & Gas 360º

The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. 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.

Oil 130