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Pakistan Strikes Critical Win With Oil, Gas Wildcat Discovery

OilPrice

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.

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How Decreasing Inertia Is Affecting Power Grids and What to Do About It

POWER Magazine

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.

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OPEC Tensions Build as Kazakhstan's Oil Production Hits All-Time High

OilPrice

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.

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GE Vernova Building Synchronous Condenser Sites to Support New York Grid

POWER Magazine

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.

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Kazakhstan Expects to Top Its Oil Output Plan in Defiance of OPEC+

OilPrice

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.

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ARC Resources Ltd. announces the closing of its Montney acquisition

BOE Report

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.

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OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

OilPrice

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