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Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal.
Kazakhstans combined crudeoil and condensate production reached an all-time high in March, which further exceeded the countrys crude output ceiling under the OPEC+ deal. million barrels per day (bpd) of crudeoil plus condensate last month, industry sources told Reuters on Tuesday.
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 crudeoil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%
Kazakhstans oil production reached an all-time high in March despite the countrys continued pledges to start complying with its OPEC+ quota that it has been exceeding for years. million barrels per day (bpd) of crudeoil and condensate in the first half of March, industry sources told Reuters on Friday. million bpd.
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 crudeoils. billion, including the assumption of EAP’s debt.
Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crudeoil and natural gas production figures. The RRC noted in the statement that crudeoil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.
Crudeoil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million bpd, by 2050.
(Oil Price) –Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. Under the OPEC+ agreement, Kazakhstans crudeoil production quota is below 1.5
crudeoil production, including lease condensate, averaging 13.59 According to its latest short term energy outlook, the EIA sees U.S. million barrels per day this year.
(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.
(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. CanCambria Energy Corp. The CanCambria model of applying new technology is key to unlocking this area.
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%
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crudeoil and NGLs.
(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Register to attend.
Crudeoil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.
Oil and gas exports are a key revenue source for Moscow. Here is a summary of some of the energy assets and companies affected: SAKHALIN-1 OIL AND GAS PROJECT Exxon MobilCorp (NYSE: XOM ) held a 30% operator stake in Sakhalin-1, which is a project to develop oil and gas off the coast of Sakhalin Island. In 2022, Exxon took a $4.6
Plate heat exchangers (PHEs) are commonly used in oil and gas refineries for a variety of applications, including heat recovery, preheating of feedstock, cooling of product streams, and intercooling of gases. The plates are typically made of stainless steel or titanium, which are resistant to the corrosive effects of oil and gas.
(Oil & Gas 360) CanCambria Energy Corp. Membership includes major integrated energy companies, national oil companies, regional players, small to mid-size independents, niche players, and start-ups, as well as government licensing authorities. Visit [link] to learn more.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. served as legal counsel. ABOUT RING ENERGY, INC. Ring Energy, Inc.
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).
In the past three decades, more than 30,000+ units have been installed globally in various applications like crudeoil refinery, oil and gas, petrochemicals, pulp and paper, mining and metal industries, to name a few. We have also seen similar results in condensing applications with close temperature approach.
The beginning of the 20 th century in the United States was marked by what historians call the Texas oil boom. The gushers were oil wells where the oil and gas were under so much pressure; they sprang out when the well got drilled. They also work well with lighter (less viscous) crudeoil grades.
Moreno: On August 23, 2011, the Environmental Protection Agency (EPA) published in the Federal Register a proposed rule that significantly expands the applicable air emissions standards for the Oil and Natural Gas Sector. See 76 Fed. 52738 (Aug. The public comments period for the proposal ends on October 24, 2011.
Wiegand On August 16, 2012, EPA issued new source performance standards (NSPSs) for the oil and gas sector. The standards applied to various sources including storage tanks used in crudeoil and natural gas production. On April 12, 2013, EPA announced proposed amendments to the rule pertaining to storage tanks.
Driven by rising seasonal demand and geopolitical uncertainty, global oil markets could see tighter balances this summer, despite a projected surplus of supply in 2025, according to Rystad Energy This year, global liquids demand is expected to grow modestly by 700,000 barrels per day (bpd), while supply surges by 2.2 Of this, 1.8
12, 2009), a panel of the United State Court of Appeals for the Fifth Circuit heard an action arising from a contract to supply natural gas condensate in south Texas. Flint Hills, a crudeoil refiner, agreed to purchase Mexican condensate from JAG.
Leadership In 2023, our pipelines carried approximately 30% of the natural gas transported in the United States, and approximately 40% of the crudeoil produced in the United States. Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023.
They work by capturing vapors released during storage, transfer, or processing of liquids like gasoline, crudeoil, and other chemicals. Refrigeration VRUs : These units cool the vapor stream, causing the VOCs to condense and separate from the air. Capture VOCs during crudeoil production, storage, and transportation.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). tight oil plays.
Natural Gasoline (C5+ or Pentanes Plus): A component in motor fuel blending, a diluent for heavy crudeoil, 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.
(Investing) – Oil prices jumped almost 7% on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Brent crude futures were up $4.57, or around 6.59%, to $73.93
(World Oil) – Drillers in Canadas energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. For oil wells, the number fell 24% to 293, the lowest since 2021. Nearly all of its oil and much of its gas is exported to the U.S.
The National Iranian Oil Refining and Distribution Company said refining facilities and oil storage did not sustain any damage in the attacks. million barrels of oil per day (bpd), or around 3% of global output. Iran’s oil exports fell to nearly zero during some months. WHO IS THE MAIN BUYER OF IRANIAN OIL?
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