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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

crude oil production, including lease condensate, will average 13.37 crude oil production, including lease condensate, would come in at 13.42 field production of crude oil, which was last updated on June 30 and which includes data from January 1920 to April 2025, showed that monthly U.S. million barrels per day in 2024.

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Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean. bp has been present in Egypt for over 60 years, with investments exceeding $35 billion.

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CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

Dr. Paul Clarke, CEO of CanCambria, stated: “We are very pleased to have signed this contract and look forward to completing the remaining steps, and closing in the next month. The signing formally initiates a four-year exploration period.

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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

Whitecap Resources and Veren have completed a CA$15 billion (US$10.43 Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 paid C$12,016 per hectare for land in the Fort Kent field, the highest price for oil sands land since 2007.

Gas
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How Customizable JT Skids Are Optimizing Gas Processing

Pro-Gas Services

The Low-Temperature Separator (LTS): The now frigid, two-phase stream (gas and condensed liquids) enters the LTS. In this vessel, the temperature is low enough that the heavier hydrocarbon components (the NGLs like propane, butane, and pentane) and any water vapor have condensed into a liquid state.

Gas
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Inpex Granted Production Concession for UAE Block

Rigzone

As the block’s operator, Inpex said it discovered multiple conventional oil, condensate and gas layers through the drilling of exploratory wells conducted since May 2021. The natural gas used as a raw material in the process is domestically sourced from the Inpex-operated Minami-Nagaoka Gas Field in Niigata Prefecture.

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Santos Q2 Revenue Slightly Hit by Lower Oil Prices

Rigzone

The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2

Oil