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Daniel Dreizzen, former Secretary of Energy Planning and director at consultancy Aleph Energy, projects $11.553 billion in hydrocarbon exploration investments for 2024. There’s been a lot of M&A activity.
by Andreas Exarheas | Rigzone Staff | Monday, July 14, 2025 | 7:47 AM EST Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy. Image by MarianVejcik via iStock While we should always be prepared for surprises in any market, especially oil, $100 crude appears increasingly unlikely this year.
. “Control of YPF is important for Milei; that’s why an appeal is the only option for him,” said Marcelo Garcia, director for the Americas at New York-based risk consultancy Horizon Engage. “It should bring in the U.S. dollars the economy lacks.”
In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. Collectively, these organizations represent: 60% of North American crudeoil production 56% of natural gas production $12.1
Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design.
Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design.
India, the world’s third-largest crudeoil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves.
The assets consist of approximately 5,500 boed (81% oil and liquids) of production and approximately 10 MMboe of proved developed producing reserves estimated as evaluated by McDaniel & Associates Consultants Ltd. as of December 31, 2024.
million bpd, a large share of the increase was consumed domestically by its refineries as well as in power plants that use crude to generate electricity during summer’s peak demand, limiting exports. Saudi “crude burn” is set to reach 695,000 bpd in July and is expected to remain elevated in August, according to consultancy Wood Mackenzie.
PRODUCTION AND INFRASTRUCTURE FGE consultancy says Iran refines about 2.6 million bpd of crude and condensate and exports 2.6 million bpd of crudeoil, condensate and refined products. Iran has for years evaded sanctions through ship-to-ship transfers and hiding ships’ satellite positions.
The price of WTI crudeoil back below $60 reflects much fear plus news that OPEC+ will increase production. While price expectations are extra depressed, crudeoil inventory at Cushing (where futures contracts are delivered) is down extra low. Oil bearishness is helped by the increase in total U.S. By oilandgas360.com
Wednesdays main oil market headline was that U.S. crudeoil inventory increased again. Commercial crudeoil inventory increased 1.3 The headline is missing the oil market tightening. Inventory where crudeoil futures contracts are delivered has declined and is down at a multi-year low.
Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crudeoil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. crudeoil inventory.
Crudeoil futures could see better prospects as traders return from the holiday break', Terence Hove, Financial Markets Strategist Consultant to Exness, said in a market analysis sent to Rigzone.
Although the current month futures contract price for West Texas Intermediate (WTI) crudeoil is below $67 per barrel, the Oil Index (XOI, red line) is up 0.5% Nevertheless, the Oil Service Index (OSX, bold line) down 13.6% YTD confirms pursuit of oil and natural gas actions and expectations are extra low.
Crudeoil inventory increasing has helped encourage bearish, recession thinking. crudeoil inventory declining to multi-year lows in January (Figure 5, red line) helped tug the price of West Texas Intermediate (WTI) crudeoil above $80 per barrel (Figure 9). By oilandgas360.com
Crudeoil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
crudeoil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. lower-48-state crudeoil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Figure 10: Weekly Change in Total U.S. Energy Information Administration data) U.S.
million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. Meanwhile, Permian-quality crude at the Magellan East Houston (MEH) terminal, the main price assessment point along the Gulf Coast, traded at a $1.31 crude futures.
Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6 Output of crudeoil in the play will plateau at 7.7
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar.
Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars.
policymaking remains unpredictable, said Tamas Varga, an analyst at PVM, a brokerage and consulting firm. But volatility is expected to persist on quicker-than-expected OPEC+ supply while U.S. Additionally, conflict in the Middle East, between Israel and the Houthis increases the geopolitical risk premium, he said.
While vowing to ban new oil and gas exploration, PM Starmers cabinet earlier this month found a way to keep the oil and gas flowing: via tiebacks to existing fields. This support, apparently, can be ensured by tapping new resources in deposits adjacent to already producing fields.
One of the new directors would be in charge of oil and gas while the other will head the companys remuneration committee, according to FTs sources with knowledge of the internal discussions. Its not clear how far ahead BP is in a recruitment process in the search for two more directors, FT notes.
The damage has already been done, but hes limiting his losses said Sebastian Hurtado, head of political risk consultancy Prfitas in Quito. Former Oil Minister Fernando Santos separately characterized Noboas ultimatum as a pretext to end the negotiations elegantly.
What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crudeoil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.
This trend aligns with industry shifts over the past couple of years, as lower oil and gas prices have led operators to prioritize shareholder returns, debt reduction, and capital efficiency over aggressive production increases. crudeoil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6
In the past three decades, more than 30,000+ units have been installed globally in various applications like crudeoil refinery, oil and gas, petrochemicals, pulp and paper, mining and metal industries, to name a few. Table 1 shows/compares design output on various parameters for both Compabloc and shell and tube technology.
The slight recovery in drilling activity comes amid a challenging environment of fluctuating oil and gas prices, ongoing market uncertainties, and shifting priorities among energy companies. Energy Information Administration (EIA) projects continued growth in both crudeoil and natural gas output throughout 2025.
Booked locations represent the summation of proved and probable locations, which are derived from McDaniel & Associates Consultants Ltd.’s Crudeoil therefore refers to light oil, medium oil, tight oil and condensate. Crudeoil therefore refers to light oil, medium oil, tight oil and condensate.
. “The base bid is lower than expected, reflecting the zigzag of this process and political risks associated to dealing with Citgo,” said Jose Ignacio Hernandez from consultancy AuroraMacro(BCBA: BMAm ) Strategies.
Global consulting and engineering company Wood has been awarded an engineering design contract for ADNOC Offshores Lower Zakum development The scope involves detailed engineering design for Package 5 of ADNOC Offshores Lower Zakum Long-Term Development Phase 1 (LTDP1) project, on the UAEs Das Island.
Stock Option Grant The Company announces that it has granted 2,800,000 options (the Options) to purchase common shares of the Company to certain directors, officers, and consultants of the Company. Such Options are exercisable into common shares of the Company at an exercise price of $0.42
Presentation of Oil and Gas Information In respect of 2024 year-end reserves information contained in this press release, Strathconas reserves have been evaluated in accordance with Canadian reserve evaluation standards under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
Prospective participants should consult with their personal tax professional regarding the applicability and effect of any and all benefits for their own personal tax situation. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. For more information, please visit www.irs.gov.
They work by capturing vapors released during storage, transfer, or processing of liquids like gasoline, crudeoil, and other chemicals. Applications of VRUs VRUs find applications across a wide range of industries, including: Oil and Gas. Capture VOCs during crudeoil production, storage, and transportation.
Legal and Tax Considerations : Understand the legal and tax implications of investing in oil and gas royalties. Royalty income is subject to federal and state (where applicable) income taxes, and investors should consult with tax professionals to optimize their tax strategies and comply with relevant tax laws and regulations.
Suitable for Foamy Crude: Vertical separators are particularly well-suited for handling foamy crudeoil, as their design minimizes the impact of foaming on separation efficiency. Contact Pro-Gas LLC today for a free consultation. FAQ What is a gas separator?
Living on an offshore oil rig or a platform, or in living quarters on a vessel attached to a rig, all have similar challenges. Offshore oil fields represent a substantial portion of the worlds total crudeoil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out.
If the Iranian leadership believes its survival is at stake, it could attack Gulf energy infrastructure and oil tanker traffic, analysts say. The oil market has reacted with remarkable restraint as Israel has bombed the third-largest crude producer in OPEC for eight straight days, with no clear sign the conflict will end anytime soon.
Last year, power sector consulting firm Grid Strategies published a report titled The Era of Flat Power Demand is Over, which pointed out that United States grid planners–utilities and regional transmission operators (RTOs)–had nearly doubled growth projections in their five-year demand forecasts.
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