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The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean.
Occidental Petroleum (OXY): Decarbonization as a Differentiator OXY is not building power plants but is deeply invested in carbon management solutions that appeal to AI players under pressure to go green. With strong positions in the Eagle Ford and Dorado plays, EOG plans to grow gas output by 10–12% in 2025.
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). billion cubic feet (BCF) natural gas and 66.5
Management estimates of gas estimated ultimate recovery (EUR) for the State 36-2R well range from 4-6 billion cubic feet (“BCF”) (0.9 BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 Gross Recoverable Condensate (MMBC) 3.5
Vicki Hollub, Occidental Petroleum U.S. Key Metrics Value Implication Permian Base Decline 3040% annually Constant drilling needed Well Productivity Plateauing New wells Stability DUC Inventory Shrinking No cushion left Permian Output (20252029) +67 Bcf/d forecast Midstream banks on it Even modest slowdowns have a compound impact.
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Bcf/d of takeaway capacity. Bcf/d , reflecting the impact of expanded takeaway capacity and rising demand for LNG exports. MMBbl/d , a 0.3
Bcf/d, and the gas rig count increased by three to 102 rigs as producers capitalize on higher prices. In response, U.S. dry gas production rose 2.1% Read more U.S. energy chief to seek $20 billion to refill oil reserve, Bloomberg reports Summary : U.S. Read more New report shows U.S.A The national average wage across the U.S.
Bcf/d, up 5.1% YoYand a 104 Bcf storage injection, 32% above the five-year average, kept bearish pressure intact. Analysts warn that cuts could impact vital data on petroleum, natural gas, and renewables. Read more Natural gas futures rally on warmer weather forecast Summary : U.S. Despite this rally, strong supply105.4
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