OilPrice

APRIL 15, 2025

TotalEnergies expects its first-quarter oil and gas production to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5 million barrels of oil equivalent per day (boe/d).

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E&P Exploration and Production Oil Gas 147

Oil & Gas 360º

APRIL 7, 2025

(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.

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Exploration and Production Oil Crude Oil Barrel 130

Energy Outlook Advisors

MAY 14, 2025

million barrels, the lowest since early May 2008 when oil prices neared record highs (See Figure 5). Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. This is now confirmed: OPEC production fell by 62 kb/d to 26.710 mb/d (See Figure 12).

Oil 152

Oil Exploration and Production Barrel Drivers 152

Oil & Gas 360º

MAY 7, 2025

During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%

Energy 147

Energy Energy Exploration and Production Condensate 147

Oil & Gas 360º

APRIL 28, 2025

The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift. The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately 9,200 feet TVD, without stimulation.

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Exploration Well Completion Oil Barrel 130

Oil & Gas 360º

MAY 13, 2025

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. tariffsnow expects global oil (total liquids) demand growth to average 750,000 barrels per day (bpd) in 2025, a downward revision of 500,000 bpd from the prior outlook.

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Crude Oil Exploration and Production Oil Barrel 130

Oil & Gas 360º

MARCH 19, 2025

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. Two new oil developments in Alaska the Nuna and Pikka projects are expected to boost crude oil production in the state after decades of decline.

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Crude Oil Oil Exploration and Production Active Well 130

Rigzone

JUNE 9, 2025

has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas explorer and producer said in an online statement Monday. Smart Oil Investment Ltd.

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Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.

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Oil Crude Oil Exploration and Production Natural Gas 130

Oil & Gas 360º

APRIL 14, 2025

bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.

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Oil & Gas 360º

APRIL 17, 2025

(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.

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Oil & Gas 360º

MARCH 31, 2025

(Oil Price) –Following several months of delays due to inclement winter weather in the waters in Norways Arctic, Equinor started up the Johan Castberg oilfield on Monday, which will add 220,000 barrels of oil per day at peak production rates. Norway expects its oil liquids production to rise by 5.2%

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Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Encino assets offer a rare combination of scale, liquids-rich production and development upside. References You must be a subscriber to Enverus Intelligence® Research products to view these sources. Why Encino, and Why Now?

IT 130

IT Operator Basin Exploration and Production 130

Oil & Gas 360º

MARCH 18, 2025

During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. The fact that we achieved this success in the concession belonging to Bzakerettye, which has an almost 100-year oil industry tradition, is clear evidence that there is still potential in hydrocarbon exploration in Hungary.

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Field Exploration and Production Oil E&P 130

Oil & Gas 360º

MAY 30, 2025

billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.

Oil 130

Oil Exploration and Production Crude Oil Government 130

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year.

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Exploration and Production Energy Energy Completion 67

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. Most forecasts for the region agree that growth in production is about to slow down further, and Wood Mac is no exception.

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Barrel Consulting Oil Basin 130

Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

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E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period.

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Oil Gas IT Energy 130

Oil & Gas 360º

APRIL 9, 2025

The triple-frac reduces by 25% the time to bring wells to production. supermajor continues to boost its oil and gas production from the basin, but it has cut capital expenditures. supermajor continues to boost its oil and gas production from the basin, but it has cut capital expenditures. According to the top U.S.

IT 130

IT Basin Barrel Oil 130

Oil & Gas 360º

MARCH 13, 2025

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.

Oil 130

Oil Exploration and Production Offshore Barrel 130

Oil & Gas 360º

MARCH 26, 2025

The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent.

Field 130

Field Oil Exploration and Production Barrel 130

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million barrels of oil equivalent) in Triassic reservoir rocks.

Oil 62

Oil Exploration and Appraisal Exploration and Production Exploration Well 62

Oil & Gas 360º

APRIL 16, 2025

As of December 31, 2024, it had 247 wells on production. In addition, as of December 31, 2023, LACh had 280 million barrels of oil equivalent (MMboe) of P1 reserves according to the Argentine Secretary of Energy (at 100% working interest). The remaining 50% of LACh is held by operator YPF S.A.

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Oil Barrel Crude Oil Operator 130

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. Twenty years ago, the U.S.

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Oil Barrel Field Basin 130

Oil & Gas 360º

APRIL 2, 2025

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. As we find assets and room to increase exploration and reserves, we will do so gradually, Roa said Tuesday. Ecopetrols natural gas reservesfell tothe equivalent of 6.7

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Natural Gas Oil Petroleum Barrel 130

Oil & Gas 360º

MARCH 31, 2025

(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million.

E&P 130

E&P Basin Exploration and Production Operator 130

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy 67

Energy Energy Exploration and Production Field 67

Rigzone

JUNE 9, 2025

The assets produce approximately 5,500 barrels of oil equivalent (boepd), consisting of 81 percent oil and liquids, and an estimated approximately 10 million barrels of oil equivalent (MMboe) of proved developed producing reserves as of Dec. Image by pichet_w via iStock Vermilion Energy Inc. assets for cash proceeds of $87.61

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Completion Energy Energy Exploration and Production 67

Oil & Gas 360º

MAY 30, 2025

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevrons Permian production has grown rapidly in recent years, and is on course to reach 1 million barrels of oil equivalent a day (boed) in the coming months, which would make up nearly a third of the companys global output.

Basin 130

Basin Operator Oil Barrel 130

RBN Energy

APRIL 14, 2025

Natural gasoline is the most expensive natural gas liquid (NGL), accounting for more than 25% of the price-weighted NGL barrel (versus 10%-12% of the barrel by volume). It is also notoriously difficult to track, with similar products having different names and unclear demand segments.

Natural Gas 60

Natural Gas Crude Oil Barrel Gas 60

Egypt Oil & Gas

MARCH 24, 2025

Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.

Exploration and Production 52

Exploration and Production Oil Field Barrel 52

Rextag

MAY 5, 2025

Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.

Barrel 52

Barrel Exploration and Production Offshore Basin 52

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 130

Exploration and Production Natural Gas Crude Oil Energy 130

Oil & Gas 360º

APRIL 2, 2025

(BOE Report) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 The Anadarko assets produce around 39,000 barrels of oil equivalent per day, of which about half is natural gas, two of the sources said. The ConocoPhillips Company is an American multinational corporation.

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Oil & Gas 360º

MAY 29, 2025

In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the million barrels of oil equivalent (“boe”) for the well. the “Paradox project”).In

BCF 130

BCF Energy Energy Condensate 130

Oil & Gas 360º

APRIL 3, 2025

and previously led Shell Nigeria Exploration and Production Co. His five-year tenure coincided with a dramatic downturn in production, with Nigerias output of almost 2 million barrels per day dropping to almost half that amount as oil majors exited onshore wells plagued by persistent security issues.

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