Oilfield Technology

JULY 2, 2025

During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 h/d with an average flow-rate of 43 bpd gross during the period. The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.

Hydraulic Fracturing 52

Hydraulic Fracturing Exploration and Production Oil HSE 52

Oil Gas Leads

JUNE 12, 2025

Operator Strategies Reflect Growth and Efficiency Here’s a snapshot of what leading heavy oil players are planning in 2025: Company 2025 Production (bbl/d) 2025 CapEx (C$B) Strategic Focus Cenovus Energy 615–635K ~2.7–2.8 Optimization + brownfield growth CNRL 810–835K ~2.8 Maximize volumes, minimal downtime Suncor Energy 765–785K ~6.2

Oil 52

Oil Basin BBL Operator 52

Oilfield Technology

JUNE 20, 2025

million bbl of oil equivalent in Triassic reservoir rocks. The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers.

Exploration and Appraisal 52

Exploration and Appraisal Hydraulic Fracturing Exploration and Production Oil 52

Oilfield Technology

JULY 1, 2025

The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6%

Hydraulic Fracturing 52

Hydraulic Fracturing Exploration and Production HSE Field 52

BOE Report

JUNE 30, 2025

Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday. The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million [Read more]

BBL 59

BBL Barrel IT 59

Oil Gas Leads

JUNE 13, 2025

Delaware Account Directory – Only $10 Buy Now Includes: Account name, website, address, phone, rig count, wells drilled… Key Deal Highlights Metric Value Acquisition Price $608 million Net Acres ~13,320 Net Royalty Acres ~8,700 H2 2025 Production ~12,000 boe/d (45% oil) Inventory 100+ gross operated, 2-mile locations Breakeven ~$30/bbl (..)

Basin 52

Basin Consulting Royalty Completion 52

Egypt Oil & Gas

JUNE 11, 2025

The post Global Oil Demand to Surpass 120Mn bbl/d by 2050: OPEC Secretary General first appeared on Egypt Oil & Gas. The increases, along with concerns that US President Donald Trump’s trade war will weaken the global economy, have pressured oil prices in recent months.

BBL 52

BBL Oil Barrel Petroleum 52

Enverus

JULY 2, 2025

. • Should there be no signs of sustained oil demand weakness over the summer driving season and if OPEC supply additions continue to underwhelm – EIR will need to reconsider its bearish $65/bbl rest of year Brent price view. • EIR maintains its NYMEX Henry Hub gas price forecast. We forecast prices will average $3.60/MMBtu

Oil 130

Oil Natural Gas BBL BCF 130

Oilfield Technology

JULY 14, 2025

3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross. Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price.

Oil 52

Oil Hydraulic Fracturing Exploration and Production Gas 52

Oil & Gas Magazine

JULY 2, 2025

El mercado respondió incorporando un fuerte riesgo: el Brent superó los $125/bbl a inicios de marzo de 2012, su nivel más alto en casi 4 años. Información sobre la disminución de oferta por la revolución iraní y duplicación de precios hasta ~$39/bbl en 1979-80. Wikipedia – “1979 oil crisis” (consultado 2025).

E&A 84

E&A E&P Oil BBL 84

Oil Gas Leads

JULY 14, 2025

These assets are pivotal to boosting black oil production to a projected 100,000–120,000 bbl/d. Permian Basin: Scaling Black Oil Production and Emissions-Free Operations Facility Buildout: BPX brought its third central processing facility online (Checkmate) and is on track to commission its fourth and final hub, Crossroads , by mid-2026.

Basin 52

Basin Operator Oil Gas 52

Enverus

JUNE 13, 2025

EIR maintains that softer balances will come 2H25 and that Brent prices will average $65/bbl for the rest of the year.” EIR believes Brent prices had been discounted up till the recent tensions, due to expectations of weaker demand given global trade uncertainty and increased OPEC supply.

Oil 130

Oil Exploration and Production BBL Natural Gas 130

Oil Gas Leads

JULY 9, 2025

This bolt-on isn’t just about expanding land—it’s about unlocking 100+ gross operated two-mile locations with shallow declines and $30/bbl breakevens. Executing Smart Bolt-On Acquisitions Permian Resources kicked off 2025 with a major $608 million acquisition from APA Corp., adding ~13,320 net acres in Eddy County, NM.

E&P 52

E&P Engineer Engineering Technician 52

Iraq Business News: Oil & Gas

JUNE 21, 2025

Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900

Shutdown 59

Shutdown Petroleum Field Maintenance 59

Oil Gas Leads

JUNE 30, 2025

Key integration wins : Lowered corporate breakeven to $37/bbl 2–3% well cost savings via procurement efficiencies 7-day average spud-to-TD times on 13,000’ laterals The strategic goal? The combined 722,000 net acres in the Midland Basin is now one of the most enviable positions in U.S. Sustain profitability even in low-price environments.

Consulting 52

Consulting Energy Energy Basin 52

Oil Gas Leads

JULY 10, 2025

61% said they would decrease drilling if oil prices stay at $60/bbl. Drilling Slowdown & Industry Sentiment Drilling activity contracted in Q2 2025. Nearly 50% of executives plan to drill fewer wells in 2025 than anticipated. One exec said: “Drill, baby, drill will not happen with this level of volatility.”

Oil 52

Oil Basin Operator Gas 52

Oil & Gas 360º

JUNE 12, 2025

“Under this severe outcome, we estimate oil prices could surge to the $120-130/bbl range,” they said. Attention is focused on the risk that a broader Middle East conflict could close the Strait of Hormuz, or provoke retaliatory responses from major oil producing countries in the region. per barrel on Thursday, while U.S.

Oil 130

Oil Casing BBL Barrel 130

RBN Energy

JUNE 16, 2025

Buoyed in part by early optimism about the Trump administration’s potentially positive impact on the economy and the oil and gas industry, the WTI spot oil price reached a five-month high of nearly $76/bbl in January.

E&P 74

E&P BBL Oil Gas 74

Oil Gas Leads

JULY 3, 2025

Rather than initiate new construction, Perimeter is tapping into existing infrastructure and permitting pathways—allowing for faster ramp-up times and lower environmental risk.

Basin 59

Basin Operator Oil Gas 59

BOE Report

JUNE 18, 2025

While its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disruptions, Goldman said the $10/bbl premium appears justified in [Read more]

Barrel 59

Barrel BBL Casing IT 59

Egypt Oil & Gas

MARCH 6, 2025

million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. Million bbl/d, Exceeding OPEC+ Quota first appeared on Egypt Oil & Gas. from January to 1.83

BBL 75

BBL Gas Condensate Condensate Oil 75

OilPrice

MARCH 19, 2025

While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside risk from potentially lower sanctioned supply remains too low, Goldman Sachs analysts wrote in a Tuesday note carried by Reuters.

BBL 183

BBL Oil 183

Oil & Gas 360º

MAY 5, 2025

The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down by $2 from its previous estimate. It has also cut its forecast for West Texas Intermediate (WTI) crude by $3/bbl, now projecting it to average $56/bbl for the remainder of 2025 and $52/bbl in 2026.

BBL 130

BBL Oil Barrel Petroleum 130

Egypt Oil & Gas

APRIL 3, 2025

The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (bbl/d), equivalent to three monthly increments, in May 2025. The post OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May first appeared on Egypt Oil & Gas.

BBL 52

BBL Barrel Oil Gas 52

Oil & Gas Journal

APRIL 23, 2025

The global oil industry has been on alert since oil prices dropped below $60/bbl. Investment in the US Lower 48 tight oil sector has shown notable sensitivity.

BBL 111

BBL Oil 111

BOE Report

APRIL 3, 2025

bbl by [Read more] (Updates) ** Shares of oil companies decline further in morning trading after eight OPEC+ countries announced they would advance their plan for oil output hikes * OPEC+ will increase output by 411,000 barrels per day in May ** Brent futures fall 6.1% West Texas Intermediate crude futures decline 6.6%

BBL 97

BBL Oil Barrel 97

BOE Report

MARCH 18, 2025

“While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside risk from [Read more] Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs’ oil price forecast to the downside, the bank said.

BBL 104

BBL Oil 104

Oil & Gas 360º

APRIL 10, 2025

bbl WTI and $4.28/MMBtu bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu (Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl

Operator 130

Operator BBL Exploration and Production Basin 130

Oil & Gas 360º

JUNE 4, 2025

bbl compared to the Fall 2024 forecasts , largely attributed to expectations of increased production from both OPEC and U.S. 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.

BBL 130

BBL Natural Gas Barrel Oil 130

BOE Report

MAY 13, 2025

The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of [Read more] Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday.

BBL 64

BBL Oil Barrel IT 64

Oil & Gas Journal

APRIL 8, 2025

Oil prices have fallen by about $6/bbl, reflecting mounting fears that the intensifying trade dispute could trigger a broader economic downturn. The escalating conflict has already rippled through global markets.

BBL 64

BBL Oil 64

BOE Report

APRIL 9, 2025

Drill Baby Drill is not happening in the US after a $15/bbl fall in the price of oil over the last 5 days. No doubt about it. For an industry that has spent much of the last decade focused on profitability, lower oil prices simply are not going to result in an increased desire to [Read more]

BBL 69

BBL Oil IT 69

Oil & Gas Journal

MARCH 26, 2025

Respondents to the quarterly poll arent on the same page as the Energy Secretary about growing production with WTI at $50/bbl.

BBL 59

BBL Energy Energy 59

Oil & Gas 360º

MARCH 19, 2025

While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside risk from potentially lower sanctioned supply remains too low, Goldman Sachs analysts wrote in a Tuesday note carried by Reuters.

Oil 130

Oil BBL Barrel Casing 130

Egypt Oil & Gas

APRIL 16, 2025

The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. IEA elaborated that in March, world oil supply surged by 590,000 bbl/d, recording 103.6

BBL 52

BBL Oil Barrel Gas 52

BOE Report

MAY 4, 2025

Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes. “Tariff-related developments have certainly been a drag but the OPEC+ pivot has also been a significant driver of the move lower in oil [Read more]

BBL 52

BBL Drivers Barrel Oil 52

RBN Energy

APRIL 25, 2025

With crude oil prices stagnant in the $70-$80/bbl range, producers were driven to boost Tier 1 acreage and capture operational synergies to fund the generous shareholder returns demanded by their investor base. publicly traded oil and gas companies. MMboe/d of production, almost 25% of their 2023 Permian output.

E&A 75

E&A BBL Upstream Crude Oil 75