Barrel and Mechanic - Energy Aggregated

EU Floats Dynamic Price Cap on Russian Oil Under Market Pressure

OilPrice

JULY 10, 2025

Under the new draft plan, disclosed Thursday, the existing $60-per-barrel cap on Russian seaborne crude would be replaced by a flexible mechanism that tracks international prices, likely pegged to Brent, while staying below market rates to maintain pressure on Kremlin…

Mechanic

Mechanic Oil Barrel IT

Kazakhstan's CPC Exports To Fall In May

OilPrice

MAY 12, 2025

million barrels per day (bpd), down from 1.6 The CPC pipeline, the main mechanism for Kazakhstan's oil exports, has faced multiple disruptions in recent months, with geopolitics driving the dynamics and uncertainty. million bpd in April, according to industry sources cited by Reuters.

Mechanic

Mechanic Pipeline Barrel Oil

Russia-India Oil Shipping Rates Drop as Urals Dips Below Price Cap

OilPrice

APRIL 18, 2025

The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling. The price of Urals dipped below $60 per barrel earlier this month as international benchmarks crashed

Mechanic

Mechanic Insurance Barrel Finance

Prairie Operating Co. begins completion of the Opal Coalbank Pad, acquired from Bayswater

Oil & Gas 360º

APRIL 28, 2025

Completions are set to begin in May, using Prairies tailored design optimized through multivariate and geo-mechanical analysis. per barrel WTI and $4.28 per barrel WTI and $4.09 Production is on track to commence by summer. per MMBtu Henry Hub. For the period from 2026 through Q1 2028, the hedges secure pricing at $64.29

Completion

Completion Operator Hydraulic Fracturing Natural Gas

Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Haitham Al Ghais, OPEC Secretary-General.

Mechanic

Mechanic Oil Crude Oil Pipeline

The Produced Water Challenge

Permian Basin Oil and Gas Magazine

APRIL 14, 2025

The Permian Basin alone produces approximately 15 millions of barrels of water a day. Applying the standard rate of 44 gallons to the barrel, a total of 15 million barrels equals about 660,000,000 gallons of water a day. Not even on eBay. Through normal drilling, completions, and production, the numbers are staggering.

Basin

Basin Exploration and Production Disposal Well Barrel

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

MARCH 15, 2023

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs.

Royalty

Royalty Gas Oil Downstream

Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on

CNBC: Energy

JUNE 16, 2025

While these dynamics may seem rudimentary, they are the very mechanisms that have sustained global trade through conflicts and wars for centuries," he added. million barrels per day, according to the U.S. per barrel. In 2023, oil flows through the waterway averaged 20.9

Finance

Finance Insurance Oil Supply Chain

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

JUNE 3, 2025

Viper defines free cash flow margin as cash flow from operations less capital expenditures divided by total barrels of oil equivalents. at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 billion which equates to less than 1.0x mboe/d); Q1 2025 average Permian production of 14.5 mboe/d) Approximately 16.1

Royalty

Royalty Energy Energy Basin

HISTORY OF SPILLS: TC Energy’s Keystone pipeline (22 SPILLS: 2010-2022)

Adrian - Oil & Gas

DECEMBER 29, 2022

The Keystone 1 pipeline carries up to 720,000 barrels per day of tarsands from Alberta, Canada to refineries in Texas and Illinois.) Obama and Pres. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. EPA) December 8, 2022: PHMSA issues Corrective Action Order to TC Energy re: Dec.

Pipeline

Pipeline Shutdown Downstream Mechanic

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

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

Offshore Exploration and Production Finance Oil

OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

Oil & Gas 360º

MAY 28, 2025

(Investing) –LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. Angola quit the group in 2024 over a disagreement on its production target.

Mechanic

Mechanic Barrel Oil Petroleum

Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures

Oil & Gas 360º

MAY 16, 2025

About 300 contractors are linked directly and indirectly to Chevrons projects with PDVSA, which are responsible for about a quarter of Venezuelas 1-million-barrel-per-day oil output. Chevron, meanwhile, has diverted tankers that had been exclusively carrying Venezuela crude to handle other business. energy security.

Oil

Oil Operator Mechanic Government

Trump’s flip-flop on emergency oil reserves has its merits: Bousso

Oil & Gas 360º

JULY 10, 2025

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. But it contained only 403 million barrels of crude oil as of July 4, according to government data, which is far below the record level of 727 million barrels reached in 2010. million bpd and 6.6

Oil

Oil IT Crude Oil Barrel

Energy Aggregated

EU Floats Dynamic Price Cap on Russian Oil Under Market Pressure

Kazakhstan's CPC Exports To Fall In May

Trending Sources

Russia-India Oil Shipping Rates Drop as Urals Dips Below Price Cap

Prairie Operating Co. begins completion of the Opal Coalbank Pad, acquired from Bayswater

Baghdad Reaffirms Full Compliance with OPEC+ Agreement

The Produced Water Challenge

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

HISTORY OF SPILLS: TC Energy’s Keystone pipeline (22 SPILLS: 2010-2022)

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures

Trump’s flip-flop on emergency oil reserves has its merits: Bousso

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