Rigzone

JULY 2, 2025

million barrels for the week ending June 27, an oil and gas report sent to Rigzone by the Macquarie team late Monday revealed. million barrels per day),” the Macquarie strategists added in the report. million barrels per day) and imports modestly higher (+0.2 million barrels) this week,” they added.

Barrel

Rigzone

JULY 9, 2025

Image by yamonstro via iStock In an oil and gas report sent to Rigzone by the Macquarie team on Tuesday, Macquarie strategists revealed that they are forecasting that U.S. million barrels for the week ending July 4. million barrels per day) and imports down (-0.6 million barrels per day) on a nominal basis,” they added.

Barrel

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 million barrels on July 11, 426.0 million barrels, U.S.

Crude Oil

Egypt Oil & Gas

AUGUST 5, 2025

The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.

Gas

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

Rigzone

JULY 16, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Macquarie Strategists See WoW USA Crude Inventory Build by Andreas Exarheas | Rigzone Staff | Wednesday, July 16, 2025 | 5:27 AM EST Macquarie strategists are forecasting that U.S. million barrels for the week ending July 11. million barrels per day).

Barrel

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Key takeaways: EOG re-enters M&A  with a $5.6B

IT

Rigzone

JULY 23, 2025

Image by Arsgera via iStock In an oil and gas report sent to Rigzone by the Macquarie Group late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending July 18. million barrels per day) and imports down (-0.7 million barrels) and distillate (-0.8

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

JULY 25, 2025

“This protocol follows the recent signing between Eni and Sonatrach of the agreement of the Zemoul El Kbar area and the allocation of the Reggane II area, which together with the initiatives covered by the protocol will contribute to increasing gas production up to 5.5

Energy

Rextag

JUNE 26, 2025

announced a definitive agreement to acquire substantially all of Plains All American Pipeline’s Canadian natural gas liquids (NGL) business, along with select U.S. Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76 logistics components.

Midstream

Permian Basin Oil and Gas Magazine

JULY 1, 2025

million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. Gross natural gas production in lower 48 states increased to a record 120.31 Texas gas production grew by 1.2 crude oil production reached a record of 13.47 Energy Information Administration. That topped the record of 13.45

Oil

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad. operate in the Kurdistan region.

Oil

Rigzone

AUGUST 6, 2025

Image by sutthichai somthong via iStock In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending August 1. million barrels per day) and imports down (-0.2 “This follows a 7.7

Barrel

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 30, 2025

Image by Mst Hazera Begum via iStock In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending July 25. million barrels per day) following a strong print last week,” they added.

Barrel

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

Rigzone

JULY 9, 2025

The current rules were written for a different era” The American Petroleum Institute welcomed the proposal. Interior Secretary Doug Burgum commented, “This is about common sense and catching up with today’s technology.

Exploration and Production

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

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Oil Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 4:13 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8 million barrels to 1.85

Oil

Rigzone

JULY 18, 2025

Brent Crude $69.28 -0.35% Natural Gas $3.57 +0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS WTI Flat as EU Targets Russian Refined Fuels by Bloomberg | Catherine Cartier, Mia Gindis | Friday, July 18, 2025 | 4:08 PM EST Oil ended flat as EU sanctions on Russian crude and refined fuels stirred uncertainty in the diesel market.

Barrel

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.

Upstream

Rigzone

JULY 1, 2025

“Since the Covid-low point, months of increase in upstream oil and gas employment have outnumbered months of decrease by 40 to 15,” TXOGA added, noting that oil and gas jobs pay among the highest wages in Texas.

Upstream

CNBC: Energy

AUGUST 5, 2025

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. million barrels per day of voluntary cuts through a last tranche in September.

Upstream

Oil & Gas 360º

JULY 31, 2025

Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable natural gas, carbon capture, and even robotics. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Guaranteed.

Energy

Rigzone

JULY 17, 2025

0% Brent Crude $68.41 -0.16% Natural Gas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8 million barrels to 1.85

Barrel

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. oil and gas company. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. 84% of Occidental’s output is now from U.S.

Energy

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. widely expect a price slump later this year as extra barrels from OPEC+ swell the surplus created by faltering Chinese demand and brimming US supply.

Oil

Rigzone

JUNE 27, 2025

Image by ricardoreitmeyer via iStock The cost of shipping Middle East crude to customers in Asia collapsed on Thursday, the latest sign of oil markets returning to normal after conflict eased in the world’s top petroleum-exporting region. Charter rates slumped by 17% to 55.50 It works out at roughly $1.60

Oil

Rigzone

JULY 30, 2025

Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.

Energy

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

AUGUST 5, 2025

Oil prices in London were on average almost $20 a barrel lower in the second quarter compared with a year earlier. Brent crude traded near $68 a barrel on Tuesday, below the more-than $90 that the International Monetary Fund says the Saudi government needs to balance its budget.

Barrel

Rigzone

JULY 16, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Drones Hit Oil Fields in Northern Iraq in Spree of Attacks by Bloomberg | Khalid Al-Ansary & Rakteem Katakey | Wednesday, July 16, 2025 | 5:13 AM EST No one has claimed responsibility for the latest spree. Gulf Keystone Petroleum Ltd.,

Field

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 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Basin

Rigzone

JULY 20, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS UK Joins EU in Lowering Price Cap on Russian Oil by Bloomberg | A. Milligan | Monday, July 21, 2025 | 2:55 AM EST The cap on Russian oil, currently set at $60 a barrel, will be lowered to $47.60 Nardelli, A. Palasciano & E.

Oil

Rigzone

JUNE 8, 2025

“Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an actual increase in production is hard to detect,” analysts including Martijn Rats said in a June 9 note. million barrels a day this year, outpacing global demand growth of about 800,000 barrels a day.

Oil