Oil & Gas 360º

JULY 16, 2025

tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position of strength. They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. shale costs up.

Oil

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. 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. Why Encino, and Why Now?

IT

Oil & Gas 360º

JULY 18, 2025

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4 energy sector.

Oil

Rigzone

JUNE 30, 2025

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. feet) below the seabed.

Exploration and Production

Oil & Gas 360º

JULY 11, 2025

Focus is now on the group’s intentions for those barrels. Our base case remains that they will be done raising production once the 2.2 Back in May, Goldman had anticipated that OPEC+ would pause production hikes after an increase in July but the group carried on.

Crude Oil

Rigzone

JULY 4, 2025

The company said in a media release production resumed following major site upgrades in 2024 and 2025. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.

Exploration and Production

Rigzone

JULY 18, 2025

million stock tank barrels. “Drilling of ‘Ain Dar began in 1948, with production starting in 1951 at an extraordinary rate of 15,600 barrels per day (bpd) of ‘dry oil’- which contains only a small amount of basic sediments,” the story noted. billion barrels of oil. billion barrels of oil.

Oil

Rigzone

JULY 9, 2025

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.

Exploration and Production

Rigzone

JUNE 27, 2025

The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. It expects the project to start production 2029. Fram West and Fram East started production 2003 and 2006 respectively. kilograms of carbon dioxide per barrel of oil equivalent.

Exploration and Production

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel.

Offshore

Oil & Gas 360º

JULY 1, 2025

Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. (Investing) – BUENOS AIRES -A dramatic ruling by a U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its YPF shares within 14 days to partially satisfy an earlier $16.1

Government

Rigzone

JUNE 16, 2025

Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40 percent TotalEnergies) which achieved first production this year, Anchor (37.14

Offshore

Rigzone

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

Oil

Rigzone

JULY 25, 2025

“Eni and Sonatrach undertake to consolidate cooperation for the enhancement of Algerian energy resources through new contracts aimed at encouraging an increase in gas production, and the extension of gas supply contracts for export to Italy”, Eni said in a statement online. Sonatrach announced four other awards.

Energy

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

Oil & Gas 360º

JUNE 23, 2025

In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office. Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. million barrels per day in the second quarter of 2025.

Gas

Egypt Oil & Gas

JULY 22, 2025

The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project. He also highlighted the need for enhanced cooperation in projects aimed at increasing local natural gas production, reducing import costs, and encouraging further investments in the sector.

Natural 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. Stay tuned for weekly updates to keep you well-informed. year low of 422.

Energy

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. In some mature fields, 10 barrels of water are generated for every barrel of oil produced.

Midstream

Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 This additional production could add £165 billion in economic value, with a total of £385 billion if the UK meets half its oil and gas demand from domestic sources, supporting jobs, investment, and public services across the country.

Exploration and Production

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.

Upstream

Rigzone

JULY 28, 2025

Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. In its quarterly update, Ovintiv reported that its average production for the three months ended June 30 was 615,000 barrels of oil equivalent per day (615 Mboe/d). million cubic feet per day of natural gas.

Exploration and Production

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

Completion

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Read more Iran has an oil card to play.

Energy

Oil Gas Leads

JULY 26, 2025

It’s no longer about chasing barrels at any cost. Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example. The future isn’t just about barrels. Diversification isn’t just an ESG play.

Gas

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.

Exploration and Production

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

Rigzone

JUNE 9, 2025

“The Murlach Field Development Project is a really significant North Sea project and to have our slab gate valves playing such a vital part in its operational safety is a great reflection of the trust the industry has in our products,” David Gallagher, Project Director of BEL Valves, said in the release. in [a] GBP 5 million ($6.7

Oil

Oil & Gas Journal

JULY 28, 2025

July 28, 2025 2 min read 95931355 © Alena Redchanka | Dreamstime.com Woodside Energy has let a contract to Weatherford International plc to deliver managed pressure drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico. The service provider said in a July 28 release.

Exploration and Production

Rigzone

JUNE 23, 2025

The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. The DDCV floats vertically and is nearly 150 feet in diameter, incorporating both drilling and production facilities.

Exploration and Production

Rigzone

JUNE 30, 2025

“This acquisition brings new resources to the development of our low-cost and low-emission GranMorgu project”, Javier Rielo, senior vice president for Americas exploration and production at TotalEnergies, said. Production start-up is expected in 2028, the company said. The interest is held by CEPSA Suriname S.L.,

Exploration and Production

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. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

Exploration and Production

Rigzone

JULY 15, 2025

Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). million barrels of oil equivalent (MMboe) and 4.9 MMboe, respectively, according to the release.

Exploration and Production

Oil & Gas Journal

JULY 23, 2025

The sanctions package imposes bans on exports of refined petroleum products derived from Russian crude, financial and shipping restrictions, and a dynamic price cap on Russian crude, a report form Rystad Energy noted. Russia, on the other hand, will face significant impacts contingent on peace negotiations," Srivastava said.

Refinery

Valor

JULY 7, 2025

OPEC+ members agree to larger-than-expected oil production hike in August Summary : An eight-nation OPEC+ group, including Russia and Saudi Arabia, agreed to a larger-than-expected 548,000 barrels per day (bpd) production hike for August. per barrel. Stay tuned for weekly updates to keep you well-informed.

Energy