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million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation. Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis.
Drilling operations reached a final depth of 3,887 meters and yielded 2,112 barrels per day of condensate and 22.08 million standard cubic feet of gas per day (MMSCFD), according to a filing by POL. POL holds a 25% working interest in the block, while OGDCL has a 27.763% stake.
According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple: they’ve got the Permian, and Europe doesn’t. Lower 48 has hit an all-time high of 11.3 million barrels per day, but is on the cusp of peaking.
Preliminary assessments suggest the well contains an estimated 22 million tonnes of recoverable crude oil and condensate, along with 5 billion… The discovery was made at the Wolin East 1 (WE1) well, located roughly 6 kilometers from the port city of Swinoujscie in northwestern Poland.
(NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas exploration well in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and up to 100 million barrels of condensates.
Var Energi has made a commercial gas and condensate discovery near its Fenja oilfield in the Norwegian Sea and could develop it as a tie-in to the producing field, the Norwegian oil company said on Monday.
Total oil and condensate production rose to 2.15 This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the group’s core members—especially Saudi Arabia. million bpd in June, up from 2.02 million in May. Most of the increase came from Tengiz—the…
Top Crude Oil and Condensate Producer The EI’s latest statistical review of world energy showed that the U.S. was also the world’s top producer of crude oil and condensate. percent of the world’s total crude oil and condensate production last year, the report outlined. According to the report, the U.S.
Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. Why the Utica?
There’s been a surge in E&P interest in the Utica Shale’s volatile oil window the past couple of years, and EOG Resources has been particularly optimistic about its potential for producing large volumes of condensate, the lightest of superlight crude oils. billion, including the assumption of EAP’s debt.
Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.
Total oil and condensate production rose to 2.15 In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd in June, up from 2.02 million in May. million bpd—up 13% from the same period last year.
Initial assessments suggest gas volumes in place could exceed 1 trillion cubic feet, with up to 100 million barrels of associated condensate, Azule Energy said, adding that these results “confirm the presence of a working hydrocarbon system and open new exploration opportunities in the area.”
CALGARY, AB, July 2, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) announces that it has closed its previously announced agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd.
By adding Plains’ Canadian assets, Keyera will: Combine NGL gathering, processing, storage, and marketing infrastructure Increase exposure to high-demand North American markets, including Eastern Canada and the U.S. Unlock scale-based efficiencies and commercial optimization opportunities Diversify its asset base and enhance service offerings (..)
Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 The new board of directors will include seven members from Whitecap and four new members from Veren. million net acres across the Alberta Montney and Kaybob Duvernay formations.
This condenses engineering time and helps you make confident, data-driven adjustments. Generate Accurate Calculations RatedPower combines engineering and financial data in one tool to improve your designs while keeping costs in check. As you edit, the software promptly provides the plant’s and its power stations’ DC and AC power values.
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.
Early Refrigeration Methods Another early technique involved cooling the natural gas stream to condense the water vapor. By reducing the temperature of the gas, water would condense into a liquid form, which could then be separated and removed. The condensed liquids are then separated from the dry gas.
The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate. The WND Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.
crude oil production, including lease condensate, will average 13.37 crude oil production, including lease condensate, would come in at 13.42 Energy Information Administration (EIA) revealed its latest U.S. crude oil production forecast in its July short term energy outlook (STEO), which was released earlier this month.
Instead, it is a complex mixture often saturated with water vapor, entrained liquid hydrocarbons (condensate), and solid particulates like sand, rust, and drilling debris. Impurities | Why Clean Gas Matters Natural gas, as it emerges from the wellhead, is rarely a pristine, single-phase stream of methane.
Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% (Investing) – HOUSTON -U.S. oilfield service provider Halliburton (NYSE: HAL ) on Tuesday said Mexico’s crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers.
The dew point is the temperature at which water vapor and heavy hydrocarbons contained in a gas will condense into a liquid form at a given pressure. What is “dew point,” and why is it so important in fuel gas conditioning?
People in the power industry understand inertia and its importance to grid stability. As large thermal power plants and other inertia-providing units are replaced with renewable resources that provide no […] The post How Decreasing Inertia Is Affecting Power Grids and What to Do About It appeared first on POWER Magazine.
Continental’s Oklahoma production is a mix of crude oil and rich gas; the SCOOP, for example, yields significant natural gas and condensate, while the STACK areas yield more oil and NGLs.
This includes 211,000 barrels of oil and condensate per day (Mbbls/d), 96 Mbbls/d of other natural gas liquids, and 1.85 In its quarterly update, Ovintiv reported that its average production for the three months ended June 30 was 615,000 barrels of oil equivalent per day (615 Mboe/d). million cubic feet per day of natural gas.
Permit Amendments Reflect Modernization and Optimization Notable permit amendments include: Pipeline deletions and reassignments , such as the Orla to MiVida line moved to a separate condensate permit. Material upgrades , with several steel lines replaced by poly pipe in Winkler County, enhancing corrosion resistance and flow reliability.
High-Quality Rock, Diverse Windows: From oil to condensate to dry gas, the basin offers commodity flexibility. Eagle Ford: Long-Term Liquids Growth on Vast Acreage Massive Footprint: With ~500,000 acres under lease, the Eagle Ford remains BPX’s largest landholding and a cornerstone of future growth.
Select financial information is outlined below and should be read in conjunction with Topaz’s interim condensed consolidated financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) as at [Read more]
The project will also install high-efficiency, next-generation heat pumps with a total capacity of 5 MW and condensing boilers with a combined capacity of 4.6 Modine is a multinational developer of heat exchange solutions for commercial, industrial and mobile systems.
Middle East crude and condensate exports are likely to increase to all major importing regions, with more than 80% of Middle Eastern exports set to be shipped to the Asia-Pacific. A significant demand increase is also projected in the petrochemical sector. trillion are required over the 2025–2050 period, mainly for the upstream sector.
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. Since then, the company said it has been conducting evaluation work with the aim of moving into development and starting production as soon as possible.
Intelligent power management company Eaton is working with the Tennessee Valley Authority (TVA) to repurpose the utility’s retired Bull Run Fossil Plant in Clinton, Tennessee, into a critical asset supporting reliable and clean energy.
The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru. Image by DanielIngelhart via iStock Buru Energy Ltd. miles) east of Broome and around 85 kilometers south of Derby in the Shire of Derby-West Kimberley, according to Buru.
million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2 petajoules in Q2, driven by Western Australia. Crude oil sales increased from 1.26 million barrels to 1.85 million barrels to 997,600 barrels. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons.
In its statement, the RRC highlighted that crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which the organization said is reported separately by the RRC.
Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. In the gas sector, XRG has already acquired stakes in different countries. Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd.
“Consequently, we have revised down our 2025 Permian crude and condensate output by 8,000 barrels per day. “While we initially anticipated rig counts in the basin to reach 275 by the end of June (a drop of seven from May), this level has already been achieved in the first week of the month,” they said in the note.
MMscmoe natural gas liquids and condensate and 60 MMscmoe gas for sale, the NOD said. In the first half of 2025, Norway produced 116.3 million standard cubic meters of oil equivalent (MMscmoe). That consisted of 50.5 MMscmoe oil, 5.8 To contact the author, email jov.onsat@rigzone.com What do you think?
It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate. Senate Bill 1806 addresses regulations concerning the inspection, sale, and management of petroleum products, oil and gas equipment, and oil and gas waste.
About a fifth of the world’s total oil consumption passes through the strait, or some 18 to 19 million barrels per day (bpd) of oil, condensate and fuel. The key waterway had been at risk of impact from increased regional volatility previously but had not been affected so far, Hvalbye said.
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