Oil & Gas 360º

JULY 14, 2025

So far, Angola has focused on recovering its oil production, which peaked in 2008 at 2 million barrels per day (bpd). So far, Angola has focused on recovering its oil production, which peaked in 2008 at 2 million barrels per day (bpd). The country aims to boost its current oil production of about 1.1

Offshore

Rigzone

JULY 17, 2025

million barrels on July 11, the EIA's latest weekly petroleum status report showed. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.9 million barrels from the week ending July 4 to the week ending July 11, the U.S. million barrels on July 11, 426.0

Crude Oil

Rigzone

JULY 9, 2025

million barrels for the week ending July 4. million barrel build in the prior week, with the crude balance realizing significantly looser than our expectations,” the strategists stated in the report. million barrels per day) and imports down (-0.6 million barrels per day) on a nominal basis,” they added.

Barrel

Oil & Gas 360º

JUNE 23, 2025

The terminal itself boasts a storage capacity of 750,000 barrels. Plans are underway to increase storage capacity to three million barrels – dependent on market demands. Plans are underway to increase storage capacity to three million barrels – dependent on market demands.

Field

Oilholics Synonymous Report

JULY 23, 2025

Earlier this month, Brent crude futures touched $70 per barrel levels despite a suggested uptick in the amount of oil OPEC+ was bringing on to the market. Then a week ago, the EU and UK moved to lower the price cap on Russian crude from $60 per barrel to $47 per barrel, with effect from September 3. More musings to follow soon.

Barrel

Oil & Gas 360º

JULY 11, 2025

Focus is now on the group’s intentions for those barrels. million barrel-a-day round of cuts is unwound” at the group’s next meeting in early August, Daan Struyven, the bank’s co-head of global commodities research, told Bloomberg TV on the sidelines of a seminar the Organization of the Petroleum Exporting Countries is holding in Vienna. “Our

Crude Oil

Rigzone

JULY 16, 2025

million barrels for the week ending July 11. million barrel build in the prior week, with the crude balance again realizing significantly looser than our expectations,” the strategists stated in the report. million barrels per day). million barrels per day) and imports (+0.4 million barrels), a jet build (+0.6

Barrel

Enverus

JUNE 19, 2025

Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. Current market conditions suggest oil should be trading in the high $70s to low $80s per barrel based strictly on current OECD crude and product stock levels.

Energy

Oil & Gas 360º

JULY 21, 2025

The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world. He abandoned his takeover bid for Anadarko Petroleum in 2019 after being outmanoeuvred by Occidental Petroleum’s higher offer. oil producer had originally targeted a mid-2024 close for the deal.

Casing

Rigzone

JULY 23, 2025

million barrels for the week ending July 18. million barrel draw in the prior week, with the crude balance realizing significantly tighter than our expectations,” the strategists said in the report. million barrels per day) and imports down (-0.7 million barrels per day) on a nominal basis,” they added.

Barrel

Rigzone

JULY 24, 2025

million barrels on July 18, the EIA's latest weekly petroleum status report showed. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.2 million barrels from the week ending July 11 to the week ending July 18, the U.S. million barrels on July 18, 422.2

Crude Oil

Rigzone

JUNE 27, 2025

million barrels on June 20, the EIA's latest weekly petroleum status report showed. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 5.8 million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels on June 20, 420.9

Crude Oil

Rigzone

JULY 17, 2025

The Kurdistan Regional Government will supply Iraq’s state oil marketer SOMO with 230,000 barrels a day as part of a deal for Baghdad to release funds for salaries in the northern region, people familiar with the matter said. Oil companies including DNO ASA, Genel Energy Plc and Gulf Keystone Petroleum Ltd. WHAT DO YOU THINK?

Oil

Rextag

JULY 24, 2025

million barrels per day. is one of the largest energy infrastructure companies in North America, operating pipelines and terminals that transport natural gas, refined petroleum products, crude oil, and carbon dioxide. Kinder Morgan Inc. The company posted $4.04 billion in revenue for Q2, representing a 13.2% per share a year earlier.

Natural Gas

Oil & Gas 360º

JULY 31, 2025

Department of State designated a fourth China-based crude oil and petroleum products terminal, Zhoushan Jinrun Petroleum Transfer Co Ltd, as it “has a demonstrated pattern of accepting Iranian crude oil and petroleum products, including from U.S.-designated million barrels per day (bpd). (Oil Price) – The U.S.

Oil

Rigzone

JULY 30, 2025

million barrels for the week ending July 25. million barrel draw in the prior week, with the crude balance realizing looser than our expectations,” the strategists said in the report. million barrels per day) following a strong print last week,” they added. million barrels per day) and imports up (+0.7

Barrel

BOE Report

JULY 16, 2025

The United States withdrew oil from its Strategic Petroleum Reserve for the first time last week since December 2023, data from the Energy Information Administration showed on Wednesday. 300,000 barrels of crude oil were taken out of the reserve last week, the data showed.

Crude Oil

Rextag

JUNE 26, 2025

The transaction effectively establishes a fully connected NGL corridor stretching from Western Canada to Eastern Canada, with export connectivity via liquefied petroleum gas (LPG) terminals on the West Coast. It is an excellent strategic fit, strongly aligned with our long-term growth strategy. logistics components.

Midstream

Oil & Gas 360º

JUNE 23, 2025

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

Gas

Rigzone

JULY 1, 2025

The flood may reflect a race by Riyadh - along with neighboring Kuwait and the United Arab Emirates - to expedite barrels out of the Persian Gulf while a conflict between Israel and Iran threatened the region’s shipping corridor. million barrels a day onto tankers in June, ship-tracking compiled by Bloomberg shows.

Oil

Egypt Oil & Gas

JULY 22, 2025

The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate. The meeting also addressed the company’s upcoming exploration plans in its Mediterranean concession areas. The Raven field, the final phase of the WND project, has been in production since early 2021.

Natural Gas

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. Summary : While an Iranian closure of the Strait of Hormuz, where 20% of world petroleum passes, could push oil to triple digits, the U.S.

Energy

Rigzone

JULY 25, 2025

“With an equity production of about 137,000 barrels of oil equivalent per day in 2024, Eni stands as the most important international company operating in the country [Algeria]”, it added. Guern El Guessa II in the provinces of Bechar, Beni Abbes, El Bayadh and Timimoun was signed with China Petroleum and Chemical Corp.

Energy

Rigzone

JULY 3, 2025

to settle at $67 a barrel, while Brent settled below $69 after the news service said US Middle East envoy Steven Witkoff plans to meet with Iranian Foreign Minister Abbas Araghchi in Oslo next week. a barrel in New York. West Texas Intermediate crude slumped 0.7% Oil Prices WTI for August delivery fell 0.7% to settle at $67.00

Oil

Oil & Gas 360º

JULY 31, 2025

At under $2 for each additional barrel of oil recovered, ESal’s, RightWater offers one of the most cost-effective and environmentally responsible recovery methods available today. The full schedule for the conference, which runs August 17-20, can be found at www.enercomdenver.com. Guaranteed.

Energy

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons.

Oil

Rigzone

JULY 9, 2025

The current rules were written for a different era” The American Petroleum Institute welcomed the proposal. “These technologies meet the precision standards required by the Bureau of Land Management and ensure that all mineral owners receive their fair share” It estimates up to $1.8

Exploration and Production

Oil Gas Leads

JULY 26, 2025

When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. One of her boldest moves was the acquisition of Anadarko Petroleum for $59 billion—outbidding Chevron and reshaping Oxy’s asset base. oil and gas company. 84% of Occidental’s output is now from U.S.

Energy

Iraq Business News: Oil & Gas

JULY 16, 2025

The Association of the Petroleum Industry of Kurdistan (APIKUR) said it strongly condemns attacks, adding: " These attacks threatened the lives and safety of our predominantly Iraqi workforce and expatriate staff of various nationalities, and also damaged facilities.

Field

Rigzone

JUNE 9, 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. The Caofeidian 6-4 adjustment project is expected to achieve 11,000 barrels of oil equivalent a day (boed) in peak production 2026. The oil is light crude.

Upstream

BOE Report

JUNE 30, 2025

million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. petroleum product supplied, [Read more] crude oil production hit a record 13.47 The EIA had previously estimated U.S. oil output at 13.49

Crude Oil

Rigzone

JULY 29, 2025

But the ensuing months, which saw the Organization of the Petroleum Exporting Countries and its partners announce further supply increases, have brought some solace. But the ensuing months, which saw the Organization of the Petroleum Exporting Countries and its partners announce further supply increases, have brought some solace.

Oil

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. Begonia, 150 kilometers (93.21 miles) off the coast of the Central African country, has a capacity of 30,000 bpd. percent), ETU Energias (7.5

Offshore

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons.

Barrel

Rigzone

JULY 30, 2025

which produces oil and gas in Australia, Indonesia and New Zealand, has reported an output of 148,300 barrels of oil equivalent (boe) for the fourth quarter of fiscal year 2025. Cue Energy derived over 1,900 barrels and 0.34 New Zealand production dropped to just over 19,000 barrels. Singapore Petroleum Sampang Ltd.

Energy

Rigzone

JULY 1, 2025

TXOGA President Todd Staples said in the statement, “in these times of geopolitical uncertainty and military conflict, Texas remains not only a supplier of barrels but a builder of confidence” “It is encouraging to see job growth and for Texas and America to be seen as a stable trading partner.

Upstream

Egypt Oil & Gas

JUNE 11, 2025

Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC). He noted that there is a need for $17.4

BBL