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“Higher weekend production prints, inconsistent LNG, and milder weather sparked the move lower,” he added. shedding 15 CDDs week over week hampering the sustainability of bullish chances” “Production readings may also show renewed strength next week, offering further downside risks,” Rubin warned.
Reevaluate Your Benchmark—Cushing’s Relevance Is Fading There’s nothing more difficult than trying to hedge new and evolving markets using outdated instruments. But LCFS and RIN price volatility has forced developers to diversify offtake strategies and explore voluntary markets. Here’s what stood out: 1. It’s time to reassess.
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(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. “The
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. basins; A US$100 million commitment from a major U.S.-based
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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. Pemex posted a net income of 59.52
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Joining Karoon in 2020, Julian was instrumental in developing and delivering Karoon’s 2021 Strategic Plan. More recently, he has led the acquisition of the Baúna FPSO [floating production, storage, and offloading unit] and the commencement of disciplined capital returns to shareholders. WHAT DO YOU THINK?
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Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angolas national concessionaire and regulator.
DIC Oil Tools is one of the leading Suppliers of Drill Pipes for the oil and gas industry. At DIC Oil Tools, we only use the most durable materials available for OCTG and drill pipe manufacturers. Why choose DIC Oil Tools for Drill Pipe? Keep reading to learn more about this system and the benefits youll see.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). This country can have between 5% and 8% annual growth if we use our oil and gas reserves. We have oil, we have gas, so we must exploit it.
(Oil & Gas 360) Vancouver, BC April 15, 2025 CanCambria Energy Corp. With over 40 years of international experience in the oil and gas sector, Mr. Vaughan brings a proven track record of operational excellence across the full lifecycle of well design and execution.
(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. Prospect I is noted as location 63 in the NSAI report. (1)
(World Oil) – Nabors Drilling Technologies and Corva AI announce the expansion of theirstrategic alliance, reinforcing the shared vision to accelerate digital transformation in the drilling industry.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
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(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5
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On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
Over seven years later, New 90 and another plaintiff-landowner sued various oil and gas companies for contamination to the property based on historical exploration and production activities dating back to the 1940s.
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The boom/bust cycle has challenged the oil industry in many ways over the decades. That issue has put oil and gas far behind many other industries on the adoption of technology—and now artificial intelligence (AI) is added to the mix. The goal is always to make humans more productive. It will grow from $3.59
With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 GSHR has only drilled 4km of the immediate 8km Moss corridorso LOTS of exploration potential left. GSHRs Moss deposit is 100 km west of a big resource hubThunder Bay, Ontario. Its close to very cheap power ($0.08/KwH)
Tauren Exploration, Inc. , The Second Circuit’s decision also addressed issues involving production in paying quantities and failure to pay royalties under the Louisiana Mineral Code, and a detailed discussion of those issues is also located on T he Energy Law Blog. Tauren Exploration, Inc., In Gloria’s Ranch, L.L.C.
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