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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.
(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. CanCambria Energy Corp. About CanCambria Energy Corp. CanCambria Energy Corp. Register to attend.
Total oil and condensate production rose to 2.15 Most of the increase came from Tengiz—the Chevron-led mega-field—where output surged from 813,200 bpd in May to 953,000 bpd in June. In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 million bpd in June, up from 2.02
Energy Information Administration revealed its latest U.S. crude oil production forecast in its July short term energy outlook. 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.
Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean. The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate.
Setoguchi emphasized that the acquisition helps "repatriate important Canadian energy infrastructure," keeping energy cash flows within the country and bolstering Canada’s energy independence and economic resilience. TSX: KEY) is a leading Canadian-based energy infrastructure company headquartered in Calgary, Alberta.
The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5
Covering an area of approximately 2,800 square miles (7,250 square kilometers), it is a key source of natural gas and condensates for Thailand and Malaysia, according to the release. Block A-18 which includes Cakerawala, Bumi, Suriya, Bulan, and Bulan South fields, started production in 2005, while Block B-17-01 began production in 2010.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. It is a masterpiece of thermal efficiency, designed to maximize cooling with minimal energy input.
The energy sector is in a state of constant, dynamic evolution. Here in Texas, the global epicenter of energy, this transformation is palpable. The industry is no longer dealing exclusively with conventional natural gas from well-established fields. Hydrogen, however, presents unique challenges.
Global oil demand is set for continued robust growth to 2050, reaching almost 123 mn bpd by then, according to OPEC’s newly-launched 2025 World Oil Outlook (WOO) OPEC forecasts that the world will require more energy in the decades to come, with global energy demand set to expand by 23% to 2050.
(ADNOC) launched the platform late last year to drive the United Arab Emirates’ expansion in the chemical, low-carbon energy and natural gas markets. In May XRG said it had obtained a 38 percent stake in the Block I gas and condensatefields on Turkmenistan’s side of the Caspian Sea.
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. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2
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. We’d love to hear from you, join the conversation on the Rigzone Energy Network.
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.
“New production from the Johan Castberg field reaching plateau and Halten East contributed. MMscmoe natural gas liquids and condensate and 60 MMscmoe gas for sale, the NOD said. We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.
Crude and condensate production slumped to 1.63 As part of the plan, Pemex will open some key oil and gas fields to joint investment projects with private sector partners in a bid to boost production. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
Image by DanielIngelhart via iStock Buru Energy Ltd. The Rafael gas and condensatefield is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru. We’d love to hear from you, join the conversation on the Rigzone Energy Network. Buru eyes a 20-year production life.
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. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2
The GBJV and KUJV assets have a daily production capacity of 700 terajoules of gas, nearly 1,800 metric tons of liquefied petroleum gas, over 200 metric tons of ethane and about 2,200 metric tons of condensate, according to information on Woodside’s website. There’s a reason 700K+ energy professionals have subscribed.
Protecting our energy resources is essential to the Permian Basin and the state as a whole,” declared Sparks, who announced industry crime as one of his legislative priorities and filed three packaged bills. These inspections allow for sampling and forensic analysis. “As
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.
Energy Information Administration's latest short term energy outlook sees U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released last month, sees U.S. crude oil production, including lease condensate, rising to an average of 13.42 Department of Energy.
Following are some facts on the country’s energy industry, exports and the impact of previous Western sanctions. million bpd of crude and condensate and exports 2.6 million bpd of crude oil, condensate and refined products. million barrels of oil per day (bpd), or around 3% of global output. All gas is consumed domestically.
Alex Procyk July 21, 2025 2 min read Photo from Odfjell Drilling Vår Energi discovers gas-condensate west of Fenja field, drilled by the Deepsea Yantai drilling rig. The discovery is the third commercial discovery for Vår Energi so far this year, the company said in a release July 21.
Vår Energi has made a new commercial gas and condensate discovery in the Vidsyn exploration well, located close to the its operated Fenja field in the Norwegian Sea…
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensatefields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
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. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Var Energi Makes Gas, Condensate Find Offshore Norway by Andreas Exarheas | Rigzone Staff | Wednesday, July 23, 2025 | 10:09 AM EST 'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.
(Oil & Gas 360) CanCambria Energy Corp. Paul Clarke, President & CEO of CanCambria, stated: Large, contiguous packages of this size and quality are rarely available in proven hydrocarbon basins, especially in countries with well-developed energy sectors. About CanCambria Energy Corp. CanCambria Energy Corp.
(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 & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Register to attend. With the publication of this announcement, this information is now considered to be in the public domain.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. CanCambria Energy Corp. CanCambria Energy Corp. million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked).
(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. The deal doesnt cover condensate production and has no limits on it.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24
(Investing) –The United States reached separate deals on Tuesday with Ukraine and Russia to halt attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow. SAKHALIN-2 OIL AND GAS AND LNG PROJECT Kremlin-controlled energy giant Gazprom (MCX: GAZP ) in 2024 acquired a 27.5%
(Oil & Gas 360) – CanCambria Energy Corp. Receiving approval for our initial appraisal well in the field is a significant milestone for CanCambria and we are excited to be able to commence drilling in the coming months. About CanCambria Energy Corp. CanCambria Energy Corp.
Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. One critical, yet often overlooked, component in this journey is the field gas conditioner, also known as a JT skid. What is a Field Gas Conditioner?
Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. ABOUT RING ENERGY, INC. Ring Energy, Inc. Source: Ring Energy, Inc. As in the past, we will continue to execute our value focused proven strategy that we believe best positions the Company for long-term success.
(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. The transaction is expected to close before May 30, 2025.
This will assist senior scientists in performing enhanced petrophysical analysis and digital rock characterisation, using a number of advanced technologies and analytical techniques, including dual energy CT-scanning, high-frequency Nuclear Magnetic Resonance ('NMR'), and Cores proprietary PRISM workflow.
The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project. This phase involves the use of a floating processing unit in the offshore well area, located 220 km from the shore, to separate natural gas and condensates.
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