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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.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB).
The OTCQB, operated by OTC Markets Group in New York, is a U.S. is a Canadian-based exploration and production company specializing in tight gas development. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”. and international companies. About CanCambria Energy Corp.
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5% Water cut was less than 0.5%
We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. About EOG Resources EOG Resources, Inc.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the With the publication of this announcement, this information is now considered to be in the public domain.
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. Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd.
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
. (“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. million acres in Alberta. billion 1.
Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays. ABOUT RING ENERGY, INC.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in Natural Gas Liquid (NGL) production is crucial for success in today’s competitive energy market. Lets look at some strategies and technologies for maximizing efficiency in NGL production, from advanced separation techniques to energy optimization and process control.
Minister of Petroleum and Mineral Resources Karim Badawi confirmed that integrating new gas wells within the tenth phase of the West Delta Deep Marine (WDDM) development area into the production map and their connection to the national natural gas network represents a significant milestone for the sector.
At Pro-Gas LLC in Dallas, Texas, we understand the dynamic nature of natural gas production and the constant need for efficient, adaptable, and cost-effective solutions. That’s why we’re excited to dive into the world of portable JT skids with you and illustrate how they can revolutionize your operations.
These discoveries are a significant outcome of Apache’s partnerships in gas exploration activities, alongside oil, particularly following the new price adjustment incentives. As a result, Khaldas natural gas production is expected to exceed 480 mmscf and will soon reach 500 mmscf per day.
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. This involves chilling natural gas to very low temperatures to condense NGLs, which are then separated and fractionated.
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. Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5
Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain. The name “JT skid” is derived from the Joule-Thomson effect , a fascinating thermodynamic principle that underpins the system’s operation.
“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensateproduction. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.
In the realm of industrial operations, especially those involving the handling and storage of volatile organic compounds (VOCs), minimizing emissions is paramount. CondensationCondensation is a process that takes advantage of the physical properties of VOCs.
In the heart of the Dallas oil and gas industry, Pro-Gas recognizes the increasing importance of sustainable and efficient operations. Today, we’re exploring the critical role of the Vapor Recovery Unit (VRU) in achieving both emissions reduction and optimal operational efficiency.
Lets get into the mechanics of natural gas coolers, explore their benefits, and discuss why they’re a smart choice for eco-conscious consumers and businesses. This heating process releases the refrigerant as a vapor, which is then condensed and evaporated to absorb heat from the surrounding environment, thus producing a cooling effect.
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. Cold Separator: Separating condensed NGLs from cold residue gas.
New Mexico’s 2021 Legislative Session will consider a bill that would significantly change how the state regulates oil and gas operations. Nathan Johnson, respectively, directs the state to create tougher standards for tanks in areas prone to flooding, hurricanes, and similar weather events. [2]. Pre-filed and introduced by State Sen.
In recent weeks, OPEC and its allies added to the headwinds by surprising the market with plans to revive curtailed production earlier and faster than expected. during that time as the countrys first liquefied natural gas export plant prepares to start operation later this year on the British Columbia coast.
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