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. miles (150 kilometers) off the Surinamese coast.

Exploration and Production

Oil & Gas 360º

JUNE 26, 2025

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.

Basin

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.

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

Barrel

Oil & Gas 360º

APRIL 25, 2025

benchmark WTI crude is currently trading around $62 per barrel below the break-even point for many oil and gas producers. Any pullback in capital expenditures poses a direct challenge for oilfield service companies as they rely heavily on sustained investment in exploration and production.

Exploration and Production

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.

Oil

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

Oil & Gas 360º

APRIL 28, 2025

(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. per barrel WTI and $4.28

Completion

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. million acres in Alberta. billion 1.

Exploration and Production

Oil Gas Leads

MAY 11, 2025

How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. Below, we explore how this strategy is enabling resilience in the shale patch, using direct insights from the industrys top voices. shale producers are thriving.

Sustainable

Egypt Oil & Gas

APRIL 14, 2025

He underscored the critical importance of sustained collaboration to achieve mutual successes, emphasizing that the benefits should extend to all stakeholders. Badawi opened the session by expressing his gratitude for the effective and successful partnership forged with international companies.

Energy

Rextag

DECEMBER 18, 2024

In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. Production in the U.S.

Hydraulic Fracturing

Oil & Gas 360º

APRIL 23, 2025

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

Gas

Oil Gas Leads

APRIL 29, 2025

Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion in reserve equivalent to $10 per barrel of oil price sensitivity.

Exploration and Production

Valor

APRIL 21, 2025

Record-breaking production and soft near-term demand continue to pressure prices, although strong LNG export demand offers longer-term support. natural gas production remained flat in 2024 Summary : In 2024, U.S. marketed natural gas production remained nearly flat at 113 Bcf/d, with Permian output rising 12% to 25.4

BCF

Egypt Oil & Gas

APRIL 10, 2025

Malaysian Petroliam Nasional Berhad (PETRONAS) and Vietnam Oil and Gas Group (PETROVIETNAM) have signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and the Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for an additional 20 years.

Exploration and Production

Permian Basin Oil and Gas Magazine

APRIL 14, 2025

This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset? The Permian Basin alone produces approximately 15 millions of barrels of water a day.

Basin

Offshore Energies UK

MARCH 26, 2025

This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts. Where that is not possible, reusing and remanufacturing existing equipment not only extends asset life but also minimises waste, contributing to a more sustainable, circular subsea industry.

Supply Chain

Offshore Energies UK

MARCH 26, 2025

This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts. Where that is not possible, reusing and remanufacturing existing equipment not only extends asset life but also minimises waste, contributing to a more sustainable, circular subsea industry.

Supply Chain

Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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 of production before reaching a plateau of 7.7 million b/d. tight oil plays.

Basin

Oil Gas Leads

MARCH 7, 2025

The company remains committed to capital efficiency and production optimization , with a focus on delivering value-driven growth while maintaining operational discipline. 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.

Basin

Oil Gas Leads

MARCH 13, 2025

One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. The Texas Commission on Environmental Quality (TCEQ) oversees these permits to ensure that production activities adhere to state and federal environmental regulations.

Basin

Rextag

FEBRUARY 13, 2025

Comparison with European Peers Rivals such as Shell and TotalEnergies have sustained or expanded their buyback programs, buoyed by stable cash-flow generation even amid fluctuating oil prices. Signed an MOU with the Iraqi government, exploring redevelopment in the Kirkuk oilfields, estimated at around 9 billion barrels of recoverable oil.

Gas

SmartBrief

MAY 22, 2025

With more than 45,000 attendees converging at McCormick Place, the industry gathered not just to see whats next in food and tech but also to explore how those tools can enhance the timeless value of experience and hospitality. The goal is not just profitability but sustainable, people-centered performance.

Management

Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. The world has never achieved sustained energy infrastructure investment at the level the IEA assumes. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production.

Completion

Iraq Business News: Oil & Gas

MARCH 20, 2025

We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl, with prices stabilising in a range of c.$27-$28/bbl

BBL

Rextag

JANUARY 6, 2025

ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.

Offshore

Oil & Gas 360º

APRIL 29, 2025

West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S. In recent weeks, OPEC and its allies added to the headwinds by surprising the market with plans to revive curtailed production earlier and faster than expected. a barrel. In Alberta, Canadian Natural Resources Ltd.s

Natural Gas

Oil & Gas 360º

JUNE 3, 2025

As OPEC members and their toxic companion in the OPEC+ formation, Russia, mull keeping oil production on the high side of recent historical averages, the key question for the oil markets is — surely they are not going to launch another oil price war using the same strategy as failed twice before? shale oil producers would go bankrupt.

Oil

Valor

FEBRUARY 11, 2025

Read more Europes oil demand may rise as gas hits $100 per barrel Summary : Europe’s oil demand may increase as natural gas prices surge to an oil-equivalent of $100 per barrel, making oil a more cost-effective alternative. The spike in gas prices is driven by supply constraints and higher demand, especially in winter.

Energy

Enverus

APRIL 25, 2025

We explored the sharp decline in oil prices futures contracts for Brent and West Texas Intermediate (WTI) recently have fallen $10-$15 per barrel triggered by escalating fears of a global recession. Every half-point drop in global GDP typically shaves off about 600-700 thousand barrels per day in oil demand growth.

Energy