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

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 57

Barrel BBL Casing IT 57

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 79

E&A BBL Upstream Crude Oil 79

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. (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.

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 62

BBL Oil Barrel IT 62

Oilfield Technology

JUNE 27, 2025

It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard.

Midstream 52

Midstream Exploration and Production BBL Operator 52

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 75

BBL Oil IT 75

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

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

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 5, 2025

The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down [Read more] 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.

BBL 57

BBL Oil Petroleum Barrel 57

Oil & Gas 360º

MAY 15, 2025

All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of natural gas to one barrel (bbl) of crude oil. (Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. Tourmaline) for $291.5 Strathcona has $5.5

BBL 130

BBL Natural Gas Oil Operator 130

BOE Report

MARCH 19, 2025

The agency in its March 2025 Short-Term Energy Outlook report forecasts Alaska’s crude production to rise by “16,000 barrels per day (bbl/d) in 2026 to 438,000 [Read more]

Crude Oil 57

Crude Oil BBL Oil Barrel 57

Oil Gas Leads

JUNE 13, 2025

Permian Resources Corp. (PR) PR) has announced a $608 million bolt-on acquisition from APA Corp. enhancing its footprint in New Mexico’s northern Delaware Basin. The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County , boosting near-term production and providing long-term development upside.

Basin 52

Basin Consulting Royalty Completion 52

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? In Q2 2025, the company dropped three drilling rigs and one completion crew, shaving $400 million off its capital budget.

Consulting 52

Consulting Energy Energy Basin 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% working interest.

Hydraulic Fracturing 52

Hydraulic Fracturing Exploration and Production HSE Field 52

Oilfield Technology

JUNE 20, 2025

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 The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund.

Exploration and Appraisal 52

Exploration and Appraisal Exploration and Production Hydraulic Fracturing Oil 52

Oil Gas Leads

MAY 1, 2025

While not as prolific as the Permian or Eagle Ford, it offers strong midstream infrastructure and low breakeven costsmany sub-$50/bbl. Cost Efficiency & Drilling Innovation Chevron reports 75% of its DJ inventory has <$50/bbl breakevens. mcf/bbl in 2019 ~6.95 mcf/bbl in 2025). Prairie Operating Co.

Basin 52

Basin BBL Gas Midstream 52

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

Enverus

APRIL 23, 2025

That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing. That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing.

Upstream 162

Upstream E&P E&A Natural Gas 162

Rextag

JANUARY 21, 2025

Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. Current estimates suggest that at $70/ bbl oil, companies hold three to seven years of drilling inventory in core zones. Currently, at $2.75/MMBtu,

IT 40

IT Gas BBL Oil 40

Egypt Oil & Gas

APRIL 20, 2025

This is expected to add about 7,500 barrels per day (bbl/d) and increase the total production of Ras Gharib fields to 9,000 bbl/d, driven by the efforts of GPCs engineers and technicians. It supports GPCs efforts and aims to maximize the utilization of its capabilities, ultimately contributing to a reduction in the import bill.

Drilling rig 52

Drilling rig Operator Petroleum BBL 52

Oil & Gas 360º

APRIL 23, 2025

With produced water now available for flooding the Oungre, we have introduced approximately 3,000 bbl/d of injection and were able to suspend a source water well that is expected to save an estimated $250,000 per year in operating costs. GJ to $3.35/GJ. Boe may be misleading, particularly if used in isolation.

Gas 100

Gas Oil BBL Exploration and Production 100

Oil Review Middle East

MAY 12, 2025

Saudi Arabia is home to the Jafurah gas field, the largest liquid-rich shale gas play in the Middle East, estimated to contain more than 200 trillion scf of gas and 75bn bbl of condensates. While Abu Dhabi holds an estimated 220 bbl of unconventional oil and 460 Tcf of unconventional gas in place.

BBL 59

BBL Condensate Field Instrumentation 59

Rextag

MAY 15, 2025

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. Realized Pricing: Oil: $70.48/bbl Mcf NGLs: $23.90/bbl

Basin 52

Basin Operator BBL Natural Gas 52

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 66

Energy Energy Exploration and Production BBL 66

Iraq Business News: Oil & Gas

MAY 8, 2025

We addressed the maturity of our bond debt by calling the old bond and issuing a new $100 million bond, thereby increasing available cash and putting in place a capital structure that can provide funding towards delivery on our strategic objectives, regardless of whatever uncertainties may face the business at the macro-economic level.

Energy 97

Energy Energy Exploration and Production Pipeline 97

Oil Gas Leads

MAY 5, 2025

crude price differential has narrowed to under $10/bbl Alberta gains ~$740M in revenue for every $1 improvement in the differential Will this Crown-owned asset pay off? Despite the cost overruns, there are real wins: Half the volumes are headed to Asia, diversifying markets Alberta production hit records in Q1 The CanadaU.S. And with the U.S.

Pipeline 52

Pipeline HSE BBL Management 52

Egypt Oil & Gas

APRIL 16, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade, he added. bp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America.

Oil 52

Oil Sidetracking Exploration and Production BBL 52

Oil & Gas 360º

MARCH 10, 2025

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2

Exploration and Production 130

Exploration and Production Energy Energy Natural Gas 130

Iraq Business News: Oil & Gas

APRIL 2, 2025

By John Lee. 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.

Royalty 45

Royalty BBL Exploration and Production Government 45

Egypt Oil & Gas

MARCH 25, 2025

Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5 This came during the General Assembly meeting of Khalda Petroleum Company to discuss and approve the amended investment budget for FY 2024/25, and the new budget for FY 2025/26.

Petroleum 52

Petroleum Exploration and Production BBL Hydraulic Fracturing 52

Rextag

APRIL 24, 2025

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

Gas 52

Gas BCF BBL Exploration and Production 52

Oil Gas Leads

MAY 20, 2025

In early 2024, WTI crude prices averaged $77$80/bbl , whereas by Q2 2025, prices have softened to $60$70/bbl. Top 5 Operators by Well Permits in the Permian Oil Prices and Market Pressure Oil market fundamentals have shifted.

Basin 52

Basin BBL Operator Oil 52

OilPro

MARCH 16, 2020

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? API 650 Guideline 2,500 Bbl tanks and then truck them to site. The shipping costs tend to exceed fabrication costs. In this case it was a little bit easier.

API 52

API Foremen BBL Engineer 52

Rig Skills

FEBRUARY 26, 2019

Mud funnel is used to measure mud viscosity Trip Tank Is 50 to 60 bbl tank used to monitor well while RIH and POOH, Active tank Is mud tank from where mud is sucked and pump to well and is same tank where return come back. Mixing Hopper Used to mix mud chemicals in mud tanks. It can be used to transfer mud between the mud tanks.

BBL 52

BBL Drilling rig Gas Oil 52