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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

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. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66

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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil 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 crude oil production surged by 15.5%

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

. (“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.

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Highlights from Energy Transfer’s 2023 Corporate Responsibility Report

Energy Transfer

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023. Also invested $1.6

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The Latest Cutting-Edge Innovations in Natural Gas Liquid Separation Technology

Pro-Gas Services

Natural Gasoline (C5+ or Pentanes Plus): A component in motor fuel blending, a diluent for heavy crude oil, and an industrial solvent. Efficient natural gas liquid separation is crucial for meeting natural gas quality specifications for pipeline transportation and end-use.

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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

The disclosure under this Non-GAAP and Other Financial Measures section, including non-GAAP financial measures and ratios, capital management measures and supplementary financial measures in the Companys condensed consolidated interim Financial Statements and MD&A are incorporated by reference into this news release.

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A Guide to Enhanced Oil Recovery (EOR)

Drillers

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.

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