Rigzone

JULY 17, 2025

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. Crude oil sales increased from 1.26 million barrels, but condensate sales dropped from 1.14

Barrel

Permian Basin Oil and Gas Magazine

JULY 14, 2025

Senate Bill 1806 addresses regulations concerning the inspection, sale, and management of petroleum products, oil and gas equipment, and oil and gas waste. It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate.

IT

Oilfield Technology

JULY 23, 2025

An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas.

Spud-in

Rigzone

JULY 1, 2025

crude oil production rising this year. crude oil production, including lease condensate, rising to an average of 13.42 crude oil output will average 13.52 crude oil production averaged 13.29 field production of crude oil has averaged 13 million barrels per day or more on 20 occasions.

Crude Oil

Oil & Gas 360º

JUNE 13, 2025

million bpd of crude and condensate and exports 2.6 million bpd of crude oil, condensate and refined products. Iran’s hydrocarbon production facilities are primarily concentrated in the southwest, in the Khuzestan province for oil and in the Bushehr provinces for gas and condensate from the giant South Pars field.

Condensate

OilPrice

MAY 23, 2025

Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

IT

Oil & Gas 360º

MAY 29, 2025

Under the OPEC+ agreement, Kazakhstans crude oil production quota is below 1.5 The deal doesnt cover condensate production and has no limits on it. Last week, Akkenzhenov said that Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field.

Oil

Oil & Gas 360º

MAY 8, 2025

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.

IT

Egypt Oil & Gas

MARCH 25, 2025

Abdel Moneim stated that in the field of exploration and discovery, Khalda Petroleum Company achieved 10 oil discoveries during the first half of the current fiscal year. These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe).

Petroleum

Oil & Gas 360º

MARCH 27, 2025

In 2020-2021, global commodity traders Trafigura, Vitol and Mercantile joined Vostok oil, Rosnefts flagship project that is expected to produce up to 2 million barrels per day (bpd) by 2030, but left it after February 2022. OMV Putin also ordered the transfer of OMV stakes in Russian ventures in December 2023. OMV paid 1.75

Energy

Oil & Gas 360º

MARCH 10, 2025

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.

Exploration and Production

Oil & Gas 360º

APRIL 1, 2025

The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings.

Basin

Drillers

FEBRUARY 25, 2020

These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crude oil grades. But not all oil-bearing geology is the same and not all oil is the same.

Oil

Pro-Gas Services

MAY 10, 2025

Natural Gasoline (C5+ or Pentanes Plus): A component in motor fuel blending, a diluent for heavy crude oil, and an industrial solvent. Removing NGLs prevents condensation and two-phase flow issues, protects downstream equipment, and ensures a consistent heating value of the sales gas.

Natural Gas

Oil & Gas 360º

APRIL 23, 2025

In addition, we identified the opportunity to increase injection and production in the Oungre and Torquay fields by separating produced water from each formation, since combining the fluids creates an unusable emulsion. IP30 rates cited herein are comprised of over 97% light crude oil and just under 3% natural gas.

Gas