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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.

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Peak Permian? Geology and Water Say We’re Close

OilPrice

oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. To be sure, crude oil output in the top basin continues to rise, but growth has slowed since 2022not only because producers

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Turkey Announces Major Shale Oil Reserve Discovery

OilPrice

r basin in Turkeys southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said. Turkey's current annual (crude) oil import amounts to 365 million barrels. Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r

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The Next Big Shale Boom Could Be North of the Border

OilPrice

The Permian Basin has been the star of the U.S. shale oil and gas industry for years. It also has some rather solid crude oil resourcesand some of the lowest production costs But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage.

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TXOGA reports record natural gas production in Texas in 2025

Permian Basin Oil and Gas Magazine

Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. Crude oil production remained steady at 5.7 Europe received 61 percent of Texas LNG exports and 40 percent of crude oil exports. total crude oil production and 29.2 billion cfd. million b/d.

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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

Onshore crude oil production in U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. Onshore production includes both legacy oil production primarily from vertically drilled wells and newer tight oil production primarily from horizontally drilled wells.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

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