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Image by Anatolii Yakovets via iStock According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the world’s top oil producer is the United States. produced 20.135 million barrels of oil per day in 2024. oil production has seen an average yearly growth rate of 5.5
The journey of naturalgas from the wellhead to our homes and businesses is fraught with challenges, not least of which is the presence of water vapor. Today, let’s explore how naturalgas dehydrators have transformed over the years, from their nascent stages to the sophisticated systems we see today.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. He also highlighted the need for enhanced cooperation in projects aimed at increasing local naturalgas production, reducing import costs, and encouraging further investments in the sector.
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major naturalgas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. The country aims to boost its current oil production of about 1.1
Brent Crude $68.75 -0.77% NaturalGas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. crude oil production forecast in its July short term energy outlook.
Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and naturalgas production figures. The RRC noted in the statement that crude oil and naturalgas production for March came from 157,192 oil wells and 83,898 gas wells.
million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. 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. Why the Utica?
The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest naturalgas producer in the country by output. The average price for oil sands leases has fallen to C$771 per hectare, down 18% from last year. In March, Synergy Land Services Ltd.
The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily naturalgas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.
Bcfe for Q1 also boosted results for the Marcellus and Utica naturalgas producer. Gas sales totaled 156.3 Bcfe, naturalgas liquids (NGLs) 11.1 Bcfe, and oil and condensate 0.2 Gas averaged $2.84 Oil and condensate sold for $8.74 Bcf of remediated mine gas (RMG).
According to the statement, Aramco’s total hydrocarbon production came in at 12.780 million barrels of oil equivalent per day in the second quarter. Aramco’s total hydrocarbon production was 12.544 million barrels of oil equivalent per day in the first six months of 2025, the statement showed.
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. Liquids” includes crude oil and NGLs.
Brent Crude $78.03 +1.73% NaturalGas $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.
In naturalgas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before naturalgas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids.
It will also produce 35,000 b/d of condensate. million tonne/year onshore liquefaction plant for its Abadi LNG project, developing the offshore Masela naturalgas block. It will also produce 35,000 b/d of condensate. Sign up for Oil & Gas Journal Newsletters Get the latest news and updates. Smith Aug.
Energy Transfer (NYSE: ET) continues to scale its naturalgas infrastructure footprint in Texas, receiving approval from the Railroad Commission of Texas (RRC) for a sweeping pipeline permit that spans more than 8,100 miles. miles Regulated : 1,576.09 miles Unregulated : 6,615.58 miles Regulated : 1,576.09 miles Unregulated : 6,615.58
In the dynamic and demanding world of naturalgas processing, the pursuit of efficiency is relentless. In the practical world of gas processing, however, it is a workhorse—a reliable and efficient method for chilling a gas stream simply by reducing its pressure.
In its quarterly update, Ovintiv reported that its average production for the three months ended June 30 was 615,000 barrels of oil equivalent per day (615 Mboe/d). This includes 211,000 barrels of oil and condensate per day (Mbbls/d), 96 Mbbls/d of other naturalgas liquids, and 1.85
million standard cubic meters a day of gas in June. million standard cubic meters a day of gas in June. million standard cubic meters a day (MMscmd) of naturalgas in June, down for the fourth month in a row. million standard cubic meters a day (MMscmd) of naturalgas in June, down for the fourth month in a row.
The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. MORE FROM THIS AUTHOR Rocky Teodoro Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
NaturalGas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035.
onshore subsidiary of BP is doubling down on capital-efficient growth in the Permian and Eagle Ford basins while positioning itself to capture upside from strengthening gas markets in Haynesville. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
“The company is currently producing gas and condensates from the operated blocks Aguada Pichana Este and San Roque, with a combined production of around 50,000 barrels of oil equivalent per day in TotalEnergies share in 2024,” he continued.
Image by bpawesome via iStock For the first time in more than a year, Petroleos Mexicanos has swung to a profit, a positive signal for the embattled state oil driller as President Claudia Sheinbaum’s administration seeks to raise as much as $12 billion to help pay down the company’s massive debts. Naturalgas output was almost 3.6
Brent Crude $66.90 +0.65% NaturalGas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count. The total U.S.
has adjusted the timeline for the development of the Rafael naturalgas project in Western Australia’s Canning Basin but still aims for a startup late 2027. The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru.
The project will also install high-efficiency, next-generation heat pumps with a total capacity of 5 MW and condensing boilers with a combined capacity of 4.6 MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
(Oil & Gas 360) – CanCambria Energy Corp. investors seeking investment opportunities in early-stage European appraisal and development projects, and access more broadly to the European naturalgas market. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”.
0% Brent Crude $68.41 -0.16% NaturalGas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8 per barrel in Q1.
Interest in Canadian oil and gas assets grows as top U.S. investors — and even a few producers — is sweeping through Canada’s oil and gas sector, according to industry insiders. naturalgas giant Expand Energy Corp. plays mature A wave of renewed interest from U.S. attention is shifting north.
will assume operatorship of the Gippsland Basin Joint Venture (GBJV) and Kipper Unit Joint Venture (KUJV), which account for 40 percent of naturalgas supply in the Australian east coast market, from Exxon Mobil Corp., MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
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 naturalgas. Please sign in or register for free.
crude oil production rising this year. crude oil production, including lease condensate, rising to an average of 13.42 crude oil output will average 13.52 crude oil production averaged 13.29 field production of crude oil has averaged 13 million barrels per day or more on 20 occasions.
” The UK oil major outlined the plans Tuesday as it posted earnings that topped estimates on the back of strong trading results and robust cash flow, while net debt decreased. The stock has rallied in recent months as oil prices recovered from a four-year low in early April. billion, exceeding the average analyst estimate of $1.76
0% Brent Crude $66.39 -0.06% NaturalGas $3.08 +0.29% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Russia Says Drone Attack Caused Fire at Afipsky Refinery by Bloomberg | Bloomberg News | Thursday, August 07, 2025 | 11:23 AM EST The incident comes during a renewed wave of Ukrainian drone strikes targeting Russia's downstream oil sector.
ExxonMobils eighth oil project offshore Guyana will also be the biggest naturalgas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Russia expects its naturalgas 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
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for naturalgas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. Due to insufficient growth within the highest-yielding condensate regions of the Montney gas play in B.C.
(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest naturalgas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
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. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
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.
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. This phase involves the use of a floating processing unit in the offshore well area, located 220 km from the shore, to separate naturalgas and condensates.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in NaturalGas Liquid (NGL) production is crucial for success in today’s competitive energy market. NGLs, valuable byproducts of naturalgas processing, represent a significant revenue stream for producers. Q: Why is NGL recovery important?
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