Oil & Gas Journal

JULY 28, 2025

bbl, while conventional basins report costs of US$28-35/bbl, channeling upstream investment toward shale plays. In May, 62 new wells were connected in the basin, and 1,968 frac stages were completed in June—66% by YPF. That month also saw 42 active drilling rigs, with 83% targeting shale formations.

Basin

Oilfield Technology

JUNE 20, 2025

million bbl of oil equivalent in Triassic reservoir rocks. The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. nozzle opening.

Exploration and Appraisal

Oil & Gas Journal

JULY 23, 2025

bbl from more than $81. But they’re sticking with the capital spending targets they lowered this spring and are in no hurry to consider adding back the rig they’re about to pull from service. The operators oil production climbed 7% from the first 3 months of this year while natural gas production rose about 3% to nearly 517 MMcfd.

Exploration and Production

Oil & Gas Journal

JULY 22, 2025

July 22, 2025 Norwegian Offshore Directorate Norway’s daily production averaged 1.854 million bbl in June 2024, the Norwegian Offshore Directorate (NOD) reported. Average daily liquids production in June consists of 1.675 million b/o, 174,000 bbl of NGL, and 5,000 bbl of condensate. Oil production in June is 3.1%

BBL

Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Genel Energy has announced its audited results for the year ended 31 December 2024. Production costs (17.6) (18.0) EBITDAX1 1.1 Capital expenditure 25.7

Energy