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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 crudeoil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
Kazakhstan has increased in February its crudeoil 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 crudeoil production surged by 15.5%
(Investing) –Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. Brent crude futures were trading at $60.02 West Texas Intermediate crude was at $56.96
Energy Information Administration on Wednesday forecast that Alaska’s annual crudeoil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.
Andrew McMurray, CEO of ShearFRAC, said, “Enverus was the obvious choice for us as a technology service business in the oil field services space. Collectively, these organizations represent: 60% of North American crudeoil production 56% of natural gas production $12.1 Learn more at Enverus.com.
(Oil Price) –The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. HSBC analysts also see risks in oil skewed to the downside amid expectations of a surplus this year and next.
(World Oil) –Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. That consistency helps support continued access to secured credit for oil and gas producers. per barrel from $61.89 per barrel from $61.89
publicly traded oil and gas companies. With crudeoil 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.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. Tourmaline) for $291.5
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. million acres in Alberta. After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.
crudeoil production. While legacy vertical well production has declined, horizontal drilling in tight oil plays, particularly in the Permian, has fueled unprecedented growth. Onshore Oil Production Trends (20102024) Metric 2010 2024 % Change Total Onshore L48 Production 3.4 million b/d 2.1 million b/d 8.9 million b/d 2.1
Abdel Moneim stated that in the field of exploration and discovery, Khalda Petroleum Company achieved 10 oil discoveries during the first half of the current fiscal year. These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe).
issued by the UK's Financial Conduct Authority ('DTR 4.3A') and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015) (the 'UK Regulations') and our interpretation of the Industry Guidance on the UK Regulations issued by the International Association of Oil & Gas Producers.
Realized Pricing: Oil: $70.48/bbl bbl Natural gas: $1.35/Mcf bbl Cash and Capital Metrics: Cash capex : $501 million Adjusted operating cash flow : $961 million Net cash from operations : $898 million Controllable cash costs : $7.54/boe The upside in natural gas was driven by elevated ethane rejection.
oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. 2025 Forecast Projected CrudeOil Output: 6.6 Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? We analyze major U.S.
Crudeoil recorded yet another record high, increasing over $4 per barrel to nearly $80. Bbl UP $4.11 Bbl UP $4.11 Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 West Texas Intermediate Spot $79.85/Bbl
Since Wednesday, August 15, all prices reported in the weekly chart (for both natural gas and crudeoil) have decreased as Hurricane Dean failed to have a significant impact on domestic production in the Gulf of Mexico, and temperatures moderated demand. Bbl DOWN $4.06 Bbl DOWN $4.06
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). tight oil plays.
Crudeoil was up over $2 per barrel. Bbl UP $2.22 Bbl UP $2.22 Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu
If you have ever wondered what it would be like if a major oil-producing country suddenly went offline, you are getting a preview of that now. Well, that also.
(Investing) – JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. million barrels per day reduction in Iranian oil exports.
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 light of its lower Iran supply scenario where Brent spikes just above $90, and tail scenarios where broad regional oil production or shipping is negatively affected.
(Oil Price) –Global oil supply is set to rise by 1.2 have sent oil prices plummeting this month. have sent oil prices plummeting this month. benchmark oil price, WTI Crude , has now slumped to levels that American producers have flagged are below their breakeven price. ethane and LPG.
WTI Crudeoil broke to a new 4-year low below $60/bbl, sitting at $59.75/bbl bbl at 5:35pm MST Sunday night before recovering back above $60/bbl. Futures markets around the globe were under pressure again on Sunday as futures opened, continuing the trend seen since last Wednesday afternoon.
(Investing) –Oil prices have plummeted to their lowest levels in more than three years, as China retaliates against President Trumps tariffs, intensifying the ongoing trade war and unsettling global markets. Brent Oil Futures dropped 7.6% a barrel at 14:05 GMT, while CrudeOil WTI Futures fell 8.4%
Crudeoil prices were down sharply again this morning, a day after falling almost $5 on Thursday on news of increased supply coming out of OPEC+ and as markets around the world froze after the implementation of near-worldwide counter tariff measures from the Trump administration on Wednesday afternoon.
Oil prices below $50 a barrel could hurt final investment decisions on offshore projects, oilfield services company Weatherford International’s CEO Girish Saligram said on Monday. crudeoil prices down to over four-year lows to around $57, [Read more] Plans by the producer group OPEC+ to raise output and U.S.
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