Oil & Gas 360º

JUNE 23, 2025

(Investing) – Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. and China, to try to prevent a sustained and very large disruption of the Strait of Hormuz would be strong,” Goldman Sachs said.

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Rigzone

JULY 14, 2025

per barrel and the WTI spot price will average $65.22 per barrel in 2025. per barrel in the third quarter of this year and $64.02 per barrel in the fourth quarter, according to the STEO, which showed that the organization is forecasting that the WTI spot price will average $64.69 per barrel in the fourth quarter of 2025.

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NGT News

AUGUST 12, 2020

ExxonMobil has signed an agreement with Global Clean Energy Holdings, a developer of sustainable, non-food energy crops for use in biofuels, to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022.

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OilPrice

APRIL 30, 2025

TotalEnergies (NYSE: TTE) saw its first-quarter earnings decline amid weak refining margins, but the French supermajor remains confident it can sustain $2-billion buybacks in the second quarter despite lower oil prices. million barrels TotalEnergies reported on Wednesday an adjusted net income of $4.2

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Rigzone

JUNE 30, 2025

“Based on its decade long exploration and development success in Guyana in particular, ExxonMobil has created almost $30 billion in value and already surpassed 700,000 barrels per day of new oil production,” he added. “The company has set a new benchmark in opening up a deepwater frontier at pace.

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Rigzone

JUNE 23, 2025

If oil flows through the Strait of Hormuz were to drop by half for a month, and remained 10% lower for another 11, Brent would spike briefly to as much as $110 a barrel, analysts including Daan Struyven said in a note. million barrels a day, Brent would peak at $90. Should Iranian supply fall by 1.75

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Oil Gas Leads

JULY 8, 2025

million barrels of oil per day as of Q1 2025. Williston Basin White Paper – $25 Buy Now Key Insights: Sustained Output Amid Maturity Long-lateral drilling, multi-well pad development, and refracs are enabling production to hold near plateau levels (~1.2–1.3 oil production, delivering approximately 1.2–1.3

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Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.

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Energy Central

MAY 7, 2025

Global Crude & Refined Products Trade – Q1 2024 Snapshot In Q1 2024, global oil trade flows highlighted the shifting balance of supply and demand: United States sustained strong refined product exports (6.4 mb/d), maintaining its net exporter status despite slight declines in crude exports.

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Oil & Gas 360º

MAY 13, 2025

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. A previous S&P Global Commodity Insights analysis explored the potential impact of sustained $50 per barrel prices for WTI. oil production growth this year.

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Rigzone

JUNE 27, 2025

“A sustained period of inactivity and strengthening of the ceasefire agreement will stabilize maritime tension in the Arabian Gulf,” it said in a note. The Worldscale system is designed to let owners and charterers quickly calculate the latest earnings and per-barrel costs on thousands of trade routes.

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Oil & Gas 360º

JUNE 4, 2025

Oil forecasts show the immediate market impact from the approximately $10 per barrel drop in April 2025, with banks reducing their 2025 price projection to $58.30 per barrel from $61.89 per barrel in Fall 2024. production driven by pro-development policies will keep pace, preventing sustained price increases.

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Rextag

MAY 5, 2025

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. Partnership and Ownership The project is operated by Chevron U.S.A.

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Oil & Gas 360º

MAY 27, 2025

million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6 million barrels daily. million barrels daily in 2035. To be sure, the boom days seem to be over.

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Rextag

JUNE 26, 2025

The platform includes: Fractionation capacity : ~193,000 barrels/day (post-Fort Saskatchewan expansion), including field, hub, and straddle facilities Straddle gas processing : 5.7 We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.

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BOE Report

MARCH 19, 2025

crude stocks rose more than expected even as gasoline and distillate inventories fell last week in a sign of sustained fuel demand, the Energy Information Administration said on Wednesday. million barrels to 437 million barrels in the week ended March 14, the EIA said, compared with analysts’ expectations in [Read more]

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Barrel Sustainability Sustainable Energy 66

Oil & Gas 360º

MARCH 19, 2025

Although the current month futures contract price for West Texas Intermediate (WTI) crude oil is below $67 per barrel, the Oil Index (XOI, red line) is up 0.5% million level reached with the recovery out of The Coronavirus Recession dictated (bold dot and bold line), it is an economic growth level sustained since April. Figure 5: U.S.

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Oil & Gas 360º

MAY 14, 2025

Capable of surviving at sub-$50 per barrel of WTI for longer than U.S. Currently, the Montney shale produces some 2 million barrels of oil equivalent daily. This is quite appealing for those E&Ps looking for long-term sustainable oil and especially gas production. By Irina Slav for Oilprice.com

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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. Rather than chasing barrels, operators are acquiring high-quality assets that can be rapidly integrated into efficient, low-cost portfolios. shale producers are thriving.

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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.

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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.

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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.

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Enverus

APRIL 8, 2025

Total company-disclosed proved oil reserves amount to about 30 billion barrels which breaks-even at prices lower than $50 WTI. To access most of the remaining 100 plus billion barrels of undeveloped oil sands resource, new greenfield mining and SAGD projects are required. Thats over 20 years of current production.

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Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated. billion (CA$36.3B) globally in the sustainable energy space. CPP manages net assets of $26.4

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Oilholics Synonymous Report

JANUARY 29, 2025

It's attempting something that's a bit different in the sustainable aviation fuels space by producing its fuel via a methanol-to-jet fuel process. For context, you'd mostly find that e-sustainable aviation fuels or e-SAFs start-ups (i.e. This is massive if achieved on a commercial scale.

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CNBC: Energy

JUNE 23, 2025

"This suggests that, for now, the overall flow of vessels into the region is being sustained despite the recent, specific diversion event." million barrels per day, accounting for about 20% of global petroleum liquids consumption, according to the U.S. In 2023, oil flows through the waterway averaged 20.9

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Rigzone

JUNE 30, 2025

Specifically, the Sapakara and Krabdagu fields, which contain recoverable reserves estimated at nearly 760 million barrels, according to the company’s website. The company has sold 70 percent of its oil production portfolio since 2022, according to the statement.

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Exploration and Production Field Operator Oil 67

Rigzone

JUNE 24, 2025

"With a stronger balance sheet and low-risk growth from our accretive Facility Expansion Project, we are delivering sustainable shareholder returns.

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Oil Review Middle East

JULY 14, 2025

Energy demand is set to rise from 308mn barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050. Decision-makers are increasingly challenged to address a variety of priorities, including energy security, energy affordability, reducing emissions, sustainability and industrial competitiveness.

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Iraq Business News: Oil & Gas

MARCH 26, 2025

The agreement includes a comprehensive rehabilitation plan aimed at increasing crude oil production to 420,000 barrels per day and utilizing associated gas through the North Gas Company (NGC) to produce 400 million standard cubic feet per day. Additionally, a 400-megawatt power plant will be constructed to support Iraq's electricity needs.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

What many in the industry choose to describe as a 'bridging fuel', is a medium the Indian government, and indeed many others, appear comfortable in embracing to wean them off coal and help with a shift to more sustainable sources. mmtpa from 2026 for 14 years.

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Oil & Gas 360º

APRIL 28, 2025

per barrel WTI and $4.28 per barrel WTI and $4.09 The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. per MMBtu Henry Hub. per MMBtu Henry Hub.

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Oil & Gas 360º

APRIL 17, 2025

million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K.

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Egypt Oil & Gas

MARCH 25, 2025

It said also that it will grow its top line production across our combined Upstream and Integrated Gas business by 1% per year to 2030, sustaining the 1.4 million barrels per day (mmbl/d) of liquids production to 2030 with increasingly lower carbon intensity.

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Upstream Sustainability Sustainable Natural Gas 52

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

24, Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in Permian Basin and our strong track record of execution in DJ Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day.

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Oil Gas Leads

MAY 2, 2025

This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55

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Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022. million barrels on behalf of the state. However, this marked a 9.54

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