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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83

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Khalda Petroleum to Bring 2 New Wells Online This June

Egypt Oil & Gas

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.

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ConocoPhillips’ New Zia Hills Facility Cuts Costs, Footprint & Emissions

Oil Gas Leads

Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries. Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin.

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 million bbl of oil equivalent in Triassic reservoir rocks. The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6

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Enverus EVOLVE: Creating the future of energy with AI, intelligence and innovation

Enverus

Andrew McMurray, CEO of ShearFRAC, said, “Enverus was the obvious choice for us as a technology service business in the oil field services space. The dashboards are very easy to use and it’s the most complete database for our U.S. Enverus customers joined in explaining how they were benefiting from EVOLVE. operating companies.

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Top 5 Diamondback Energy Trends to Watch in Late 2025

Oil Gas Leads

After a whirlwind year defined by mega-acquisitions and volatile oil prices, the remainder of 2025 is all about execution. In Q2 2025, the company dropped three drilling rigs and one completion crew, shaving $400 million off its capital budget. Sustain profitability even in low-price environments.

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Permian Resources Expands Delaware Basin Position with $608M APA Deal

Oil Gas Leads

Metric Q1 2025 Adjusted Free Cash Flow $460 million (record) Drilling & Completion Cost $750/ft (–8% YoY) Cash Costs/boe –4% QoQ Outlook: Consolidation and Opportunity As the Permian’s wave of mega-mergers winds down, PR sees opportunity in smaller bolt-ons and non-core asset sales—especially if prices remain weak.

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