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million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation. Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis.
People in the power industry understand inertia and its importance to grid stability. As large thermal power plants and other inertia-providing units are replaced with renewable resources that provide no […] The post How Decreasing Inertia Is Affecting Power Grids and What to Do About It appeared first on POWER Magazine.
Total oil and condensate production rose to 2.15 Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd in June, up from 2.02 million in May.
GE Vernova said it has been awarded a contract by National Grid’s upstate New York business to supply and construct two separate 115 kV synchronous condenser sites at the company’s […] The post GE Vernova Building Synchronous Condenser Sites to Support New York Grid appeared first on POWER Magazine.
million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% 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.
CALGARY, AB, July 2, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) announces that it has closed its previously announced agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd.
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. The second
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
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 crude oils. billion, including the assumption of EAP’s debt.
Top Crude Oil and Condensate Producer The EI’s latest statistical review of world energy showed that the U.S. was also the world’s top producer of crude oil and condensate. percent of the world’s total crude oil and condensate production last year, the report outlined. According to the report, the U.S.
Total oil and condensate production rose to 2.15 In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 (Oil Price) – Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd in June, up from 2.02
million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. In February, oil and condensate production averaged 2.12 million bpd.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.
CALGARY, AB, May 14, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd.
trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2
The increase comes after Kazakhstans energy ministry said earlier this month that there would be no cut to its crude and condensate levelsa cut which would be necessary According to an industry source cited by Reuters, the country pumped an average of 1.86
Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.
Initial assessments suggest gas volumes in place could exceed 1 trillion cubic feet, with up to 100 million barrels of associated condensate, Azule Energy said, adding that these results “confirm the presence of a working hydrocarbon system and open new exploration opportunities in the area.”
Crude oil 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.
It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate. Senate Bill 1806 addresses regulations concerning the inspection, sale, and management of petroleum products, oil and gas equipment, and oil and gas waste.
With that in mind, OilPro now offers condensate recovery solutions that do exactly that. OilPro offers proven, practical, and cost-effective technology to reduce/ eliminate tank emissions and strip valuable condensate otherwise vented or flared. What is the purpose of a condensate recovery solution?
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Alberta has reported oil, condensate, and gas; full Alberta NGL data (including pentane) and marketable gas is due out in a couple weeks. Initial production data is out for April in Alberta.
Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Now we use it with doubts!
Massive M&A news early on Monday morning, as Whitecap Resources and Veren announced that the two companies will combine in a $15 billion transaction to create a leading Canadian light oil and condensate producer. To review the M&A slide deck provided by Whitecap and Veren, click here.
Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. billion in new debt and $2.1
Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe. (Oil & Gas 360) – CanCambria Energy Corp.
The deal doesnt cover condensate production and has no limits on it. million tons of crude oil and condensate in 2025, or about 2 million bpd, which would be 9.7% The republic has no right to enforce production cuts on the three large international consortiums, Bloomberg quoted Akkenzhenov as saying. higher compared to 2024.
As coal, gas, and nuclear plants are retired, and wind and solar resources are added to the power grid, stability can become a problem. Understanding the solutions that are available […] The post What Does It Take to Bring Stability to a Renewable-Focused Grid? appeared first on POWER Magazine.
Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. This surge will create a significant need for condensate, particularly from the Montney play in Alberta and B.C. However, this increased demand for condensate will also have implications for AECO hub gas pricing.
The revision to the federal and state rule “removes a general requirement in the definition of ‘regulated NSR pollutant’ to include condensable PM when measuring one of the emissions-related indicators for particulate matter (PM) known as ‘particulate matter emissions’ in the context of the PSD and NSR regulations.” 1280 (May 20, 2013).
As the block’s operator, Inpex said it discovered multiple conventional oil, condensate and gas layers through the drilling of exploratory wells conducted since May 2021. Since then, the company said it has been conducting evaluation work with the aim of moving into development and starting production as soon as possible.
Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe. Register to attend. CanCambria Energy Corp.
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. billion cubic feet. The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.
It is an excellent strategic fit, strongly aligned with our long-term growth strategy. Financial stability : The deal will be financed via a fully committed acquisition credit facility led by RBC and a C$1.8 We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.
Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83 from January to 1.83
“Consequently, we have revised down our 2025 Permian crude and condensate output by 8,000 barrels per day. Week on week, the U.S. land rig count reduced by four, and its offshore rig count and inland water rig count remained unchanged, the count highlighted. has cut 35 rigs and Canada has cut 29 rigs, year on year. The total U.S.
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. 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.
million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
It relates to heat engines like the one depicted below, where a boiler produces a vapor that drives a turbine, leaving spent vapor that is condensed in a condenser after which the working.
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 Gross Recoverable Condensate (MMBC) 3.5 Net Recoverable Condensate (MMBC) 2.7 (the “Paradox project”).In Total Gross equivalent (MMBOE) 32.5
With Instant Analyst – Courthouse , the first AI-powered solution designed for title researchers to tackle the increasing complexity of courthouse documents, Enverus customers can now obtain accurate summaries and critical details by analyzing and condensing information from more than 350 million records.
crude oil 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.
The following Press Release should be read in conjunction with the managements discussion and analysis (MD&A) and the unaudited condensed consolidated financial statements and notes thereto [Read more] CALGARY, Alberta–(BUSINESS WIRE)–STEP Energy Services Ltd.
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