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In today’s RBN blog, we discuss the newly completed channel-dredging project, related terminal improvements, and what they all mean for crudeoil exporting economics in Corpus Christi.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Chevron U.S.A. a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. About Chevron Chevron is one of the world’s leading integrated energy companies.
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crudeoil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.
This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe,” Vermilion said in a statement.
The pipelines carrying crudeoil from the Permian Basin in West Texas to the Corpus Christi area have been as jammed as an urban highway on the Friday before Memorial Day weekend.
(Oil Price) –Crudeoil prices started the week with a jump following U.S. At the time of writing, Brent crude was trading at $71.10 If crudeoil gets much above $68.50, I think that could really start to trigger some short covering in the market. per barrel, with West Texas Intermediate at $67.70
The Hacksaw CrudeOil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crudeoil to downstream markets.
The dashboards are very easy to use and it’s the most complete database for our U.S. In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. operating companies.
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.
NYSE: EOG ) is one of the largest crudeoil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. Wachtell, Lipton, Rosen & Katz is serving as EOGs lead legal advisor. Akin Gump Strauss Hauer & Feld LLP is also serving as legal counsel to EOG.
Then came a revelation that OPEC - deemed the most bullish of the crudeoil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. And if that wasn't bearish enough, media reports, led by The Washington Post , also suggested on Tuesday that Israel may not attack Iran's oil facilities as feared.
Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, vice president, Chevron Gulf of America.
Kazakhstan has increased in February its crudeoil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crudeoil production surged by 15.5%
“Nonetheless, additional infrastructure projects are currently under completion to remove remaining bottlenecks, enhance the diversification capability and further strengthen the security of supply in Central and South-East Europe”, the analysis added. million tonnes for Slovakia and 6.2
euros per share ExxonMobil aims for Esso to make prior to completion of the transaction, Esso said. The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso share before distributions, or 32.83 euros after distributions, Esso said in a statement.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
Crude-oil-focused drilling and completion in the Permian Basin is generating fast-increasing volumes of associated gas and creating opportunities for midstream companies that provide wellhead-to-water services for natural gas and NGLs.
In October of 2024, Greece said that a consortium led by ExxonMobil had successfully completed the first exploration phase southwest of the Greek island of Crete and decided to proceed with the second exploration stage. By Tsvetana Paraskova for Oilprice.com
Several factors weigh against such a move: Iran itself relies on the Strait of Hormuz for its oil exports, and key Iranian allies, like China and India (the world's second and third-largest crudeoil consumers, respectively), also depend on the Strait for their oil imports.
(Yahoo Finance) –Chevron purchased about 4.99% of Hess Corp’s common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. shale footprint.
The state of Texas is the US' top crudeoil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crudeoil producer. So k eep reading, keep it here, keep it 'crude'! That's all for now folks. There's plenty more to come from yours truly from Gastech.
The drilling of the new well in the Somogysmson oilfield, called Som-8, began on November 25, 2024, and was completed after 33 days. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary. billion m3) of domestic production.
Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition (..)
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crudeoil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.
There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crudeoil and natural gas; (b) changes in demand for Shells products; (c) currency (..)
The total includes 613 to drill new oil or gas wells, 15 to re-enter plugged wellbores, 5 field transfers, 1 reclass and 62 for re-completion. The breakdown of well types for total original drilling permits in March 2025 is: 137 oil, 52 gas, 469 oil and gas, 20 injection, 1 service, and 17 other permits.
CEO Murray Auchincloss and Lund supported previous chief Bernard Looneys 2020 plan to slash BPs oil and gas output by 40% this decade and invest heavily in renewables. A few months later BP started backtracking. The company pursued too much while looking to build new low carbon businesses.
(World Oil) – Reconnaissance Energy Africa Ltd. To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in the coming weeks. continues to pursue activities relating to the drilling of Prospect I.
billion when it completed the deal to buy struggling U.S. The entry of a partner in the project boosts Louisiana LNGs economics and Woodsides cash flow profile, said the Australian energy giant, which last year acquired the project for $1.2 firm Tellurian and its U.S. Gulf Coast project Driftwood.
Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and gas and low-carbon energy output lower, including announced divestments in Egypt and Trinidad completed towards the end of prior quarter, BP said in a Q1 trading statement on Friday.
What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crudeoil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.
million barrels per day of NGLs, crudeoil, refined products and petrochemicals. Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two natural gas processing plants in the Permian Basin in 3Q. billion cfd in the first quarter compared to 2024Q1. million boed, including 7.9
and/or Canadian governments increases the rate or scope of the tariffs effected on March 4, 2025 , and were subsequently paused on March 6, 2025 , if they come into effect in the future, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S.
billion share repurchase program completed on April 25, 2025. in London as investors and analysts appear concerned that BPs financial frame of shareholder distributions may not be sustainable as early as the second quarter, which started with a 10% oil price decline in early April.
Hayan Abdul Ghani, Deputy PM for Energy Affairs and Minister of Oil, and bp chief executive Murray Auchincloss, together with Nader Zaki, bp regional president for Middle East and North Africa, and Zaid Elyaseri, bp President Iraq.
Updated Guidance and Long-Range Plan Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company producing approximately 120 Mbbls / d (100% oil, 95 Mbbls / d thermal, 25 Mbbls / d conventional) with a 50-year 2P reserve life index and positive net cash (including marketable securities).
This deal will ensure Iran is completely free of nuclear weapons and sanctions." If these talks lead to a significant breakthrough, as Iran hopes, it would have a substantial impact on the currently stable crudeoil markets. million barrels per day, contingent on sanctions being lifted and legitimate oil sales being permitted.
The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. CrudeOil Infrastructure & Market Integration ONEOKs crudeoil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions. Bcf/d in 2025.
We also saw record performance in crudeoil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Strategic Highlights In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC.
Iraq-Kuwait grid connection is 90% complete, with landmine clearance in Fao delaying finalization. Iraq is shifting towards 15,000 MW of crudeoil-based power generation, similar to Saudi Arabia's model. A floating platform for LNG imports will be installed in the Gulf by June to supply power plants.
Regarding development activities, Abdel Moneim explained that during the first half of the current fiscal year, 31 wells were drilled to increase the company’s production, including 20 crudeoil producing wells, eight water injection wells, and three gas producing wells.
In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
In a decision by the Louisiana Board of Tax Appeals, Liskow & Lewis attorneys Robert Angelico , Jim Exnicios , Cheryl Kornick , RJ Marse , and Jeff Birdsong obtained a ruling rejecting attempts by the Louisiana Department of Revenue to increase the amount of severance taxes due on crudeoil produced in Louisiana.
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