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Oil Price
SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention
In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surroundi…
Oil & Gas Trade
OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online
OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as …
Oil&Gas Drilling
Nostra Terra Gives Update On Its Texas Oil And Gas Production, Operations
Company oil production is currently averaging 120 bopd net, up significantly due to the contribution from the first phase of the planned workover program at Pin…
Oil & Gas Trade
Devon Raises 2024 Projected Production
United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supp…
Oil & Gas Trade
Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …
Oil&Gas Drilling
Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week
Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX…
Natural Gas
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, a…
Oil & Gas Trade
TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins
French oil major TotalEnergies (TTEF.PA), opens new tab expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins i…
Oil & Gas Supply
Over 40% of US Gulf of Mexico Oil Output Shut-in by Francine
About 42% of crude oil production and 53% of natural gas output in the U.S. Gulf of Mexico were shut-in on Thursday in the wake of Hurricane Francine, the U.S. …
Crude Oil
Bohai Oilfield Posts Record-High Crude Oil Daily Output
A full moon is seen over an oil production platform in Bohai Oilfield, Sept. 29, 2023. [Photo/Xinhua]The daily output of crude oil in Bohai Oilfield, China'…
Oil&Gas Drilling
Gulf of Thailand Development Starts Producing Oil
Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result …
Oil & Gas Trade
Development plan for Exxon's seventh project in Guyana expected in Q1 2025
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and …
Oil & Gas Trade
Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production
A $120 million agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.Egypt's Ministry of Petroleum and Mineral Resour…
Oil & Gas Supply
Totalenergies Says Oil Production to Hit High End of Q2 Guidance
A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. …
Oil Field
Beacon Fires up US Offshore Oil Project
Kosmos Energy chief executive Andrew Inglish.Photo: KOSMOS ENERGYUS independent Beacon Offshore Energy has started oil production from its fast-tracked Winterfe…
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