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EIA: US crude inventories up 7.7 million bbl

Oil & Gas Journal

million bbl At 426.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. million bbl from the previous week, according to data from the US Energy Information Administration (EIA). million bbl EIA: US crude inventories up 3.8

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Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

Leading operators include TotalEnergies, Harbour and CGC, with assets like Vega Pl é yade, Ara, and El Cerrito, both onshore and offshore. bbl, while conventional basins report costs of US$28-35/bbl, channeling upstream investment toward shale plays. Sign Up Connect Follow us for the latest industry news and insights.

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Azule Energy starts production from Agogo FPSO

Oil & Gas Journal

Alex Procyk July 31, 2025 Photo from Yinson Holdings Berhad Azule Energy starts production from Agogo FPSO offshore Angola Key takeaways Azule Energy started production from the Agogo FPSO offshore Angola. The FPSO has a pilot CCUS unit to recover CO 2. The Agogo FPSO has a production capacity of 120,000 b/d of oil.

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Reusing produced water

Oilfield Technology

This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard. It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs. Only a few years back desalinating PW was projected to cost US$5-6/bbl. This was driven by two factors.

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Union Jack Oil plc announce resumption of production at Keddington Oilfield

Oilfield Technology

During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 Please upgrade your browser to improve your experience. h/d with an average flow-rate of 43 bpd gross during the period. Already a member?

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

million bbl of oil equivalent in Triassic reservoir rocks. Please upgrade your browser to improve your experience. The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 Already a member?

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Johan Sverdrup Phase 3 investment decision

Oilfield Technology

The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. Please upgrade your browser to improve your experience. Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. working interest.