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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 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.

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

Oil & Gas Journal

bbl, while conventional basins report costs of US$28-35/bbl, channeling upstream investment toward shale plays. Leading operators include TotalEnergies, Harbour and CGC, with assets like Vega Pl é yade, Ara, and El Cerrito, both onshore and offshore.

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Reusing produced water

Oilfield Technology

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. More recent developments in desalinating technologies are suggesting costs of US$1-2/bbl at scale. This was driven by two factors.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Exxon-owned Imperial and its competitor Suncor have also switched to autonomous mining vehicles, eliminating the need to hire drivers to transport oil sands ore. bbl between 2017 and 2019, according to BMO. The Spots free up human workers for other work and save Imperial CDN$30 million ($22 million) a year, the company said.

Oil
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Azule Energy starts production from Agogo FPSO

Oil & Gas Journal

The fields have combined estimated reserves of about 450 million bbl with projected peak production of 175,000 b/d produced via the Agogo and Ngoma FPSOs. The FPSO is part of the Agogo Integrated West Hub (Agogo IWH) project which develops Agogo and Ndungu fields in the West Hub of Block 15/06.

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Chevron’s Permian production tops 1 million boe/d, executives shift focus to cash flow

Oil & Gas Journal

bbl versus $59.85 July 22, 2025 Chevron posted a net second-quarter profit of $2.5 billion, down from more than $4.4 billion in the same period of last year, while total revenues fell about 12% to $44.8 The company’s average realized price for US upstream liquids was $47.77/bbl last year and more than $55 in the first quarter.

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Irán, el efecto Hormuz y Pemex

Oil & Gas Magazine

Este aumento traería consigo un repunte inflacionario global, afectando directamente precios de combustibles, costos de transporte y crecimiento económico mundial. Pemex tendría que asegurar transporte para su crudo Maya hacia refinerías en Asia o EUA en un mercado naviero volátil. Wikipedia – “1979 oil crisis” (consultado 2025).

E&A