Tags

GeoPark Exceeds Q1 Production Guidance

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

The company plans to drill seven gross wells in Colombia and four gross wells in Argentina, targeting a mix of conventional, unconventional, appraisal, and exploration opportunities. Key activities include drilling six infill wells and continuing workovers in the Llanos 34 Block, completing and bringing online four wells on the PAD-12 area in the Mata Mora Norte Block, spudding four wells on the PAD-1 area in the Confluencia Sur Block, drilling one appraisal well in the Llanos 123 Block, and drilling one exploration well in the Llanos 104 Block, the company said.

READ MORE

bp starts production from Cypre gas field, Trinidad and Tobago

Oil & Gas‚ Oil and Gas Industry | intent | April 4, 2025 | Comment off

bp Trinidad and Tobago (bpTT) today confirms its Cypre development has safely delivered its first gas.
bp’s Juniper rig, offshore Trinidad
Cypre is one of bp’s 10 major projects expected to start up worldwide between 2025 and 2027, announced as part of bp’s reset strategy to grow the upstream. Production from Cypre will make a significant contribution towards the 250,000 barrels of oil equivalent per day (boed) combined peak net production expected from these 10 projects.

READ MORE

Kolibri Sees Earnings Slip despite Production, Revenue Growth

Oil & Gas‚ Oil and Gas Industry | intent | March 28, 2025 | Comment off

“The Company increased production by 24 percent, which was in line with our forecast, while only spending $31.3 million on capital expenditures, which was less than we had forecasted and a 41 percent decrease from the prior year. The cost efficiencies that our field operations team has achieved have allowed us to continue to grow production and revenue and drill 50 percent longer laterals while spending 12 percent less per well than we had forecast to spend in our 2023 drilling program”, Regener said.

READ MORE

Israel’s Natural Gas Reserves Expand 40% as Production Ramps Up

Oil & Gas‚ Oil and Gas Industry | intent | January 21, 2025 | Comment off

Israel exported a record 981mn cfd of natural gas to Egypt in 2024, good for 18.2% year-over-year. According to Middle East Oil & Gas publication MEES, the remarkable surge in imports can be attributed to a growing gas deficit resulting from declining domestic production by Egypt. However, Israel will struggle to ramp up exports further due to infrastructure limitations.

READ MORE

China Reports Record Oil and Natural Gas Production in 2023

Energy‚ Oil & Gas | intent | January 12, 2024 | Comment off

China achieved record-breaking crude oil and natural gas production in 2023, with unconventional gas contributing significantly to the overall figures.
Despite fluctuations in demand and some disappointment among analysts, both domestic production and imports of energy commodities reached historic highs.
While Chinese oil demand growth may slow in the future, its natural gas demand growth is likely to remain robust as it increases the use of natural gas in power generation

READ MORE

Record-High U.S. Production Weighs on Natural Gas Prices

Oil & Gas‚ Oil and Gas Industry | intent | December 19, 2023 | Comment off

Record temperatures in Europe and North America extended the gas storage refill season, leading to high inventories.
Natural gas demand decreased due to warmer weather, an industrial slowdown in Europe, and record U.S. production and LNG exports.
Futures and options market winter premiums have diminished, contributing to a drop in Europe’s natural gas prices and bearish trends in the U.S. and Asian markets.

READ MORE