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Analysis: OPEC+ production hikes could drive oil towards $60/barrel

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

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Chevron’s Permian production tops 1 million boe/d, executives shift focus to cash flow

Oil & Gas Journal

1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. Total global capex decreased by $500 million in first-half 2025, net production increased slightly to 3.4 Total global capex decreased by $500 million in first-half 2025, net production increased slightly to 3.4 Geert De Lombaerde Aug.

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Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

Oil & Gas 360º

In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.

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Pemex Posts First Profit in Over a Year

Rigzone

The positive report comes as Sheinbaum’s administration seeks to sell as much as $12 billion in securities to international investors in a bid to raise financing to help pay Pemex’s roughly $100 billion in debt. The profits could help to make the financing round go more smoothly. million barrels per day, down 8.6%

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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

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.

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U.S. shale producers unlikely to boost drilling despite Trump’s call

Oil & Gas 360º

shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to U.S. a barrel, after an earlier rally faded. production has largely stagnated this year with some companies warning that shale is at or near its peak.

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Mexico Revises Oil Production Down

OilPrice

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.