EIA reduces crude oil price forecast through end-2025 on lower …
Oct 8, 2024 · In this month's outlook, EIA educed its 2025 forecast for US Lower 48 states (L48) crude oil production from last month by 1% to 11.3 million b/d.
Home | Oil & Gas Journal
2 days ago · Oil & Gas Journal provides its audience of industry executives, managers, and engineers with operations-focused news across the upstream, midstream, and downstream segments.
About Us - Oil & Gas Journal
The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events ...
Energy Transfer takes FID on newly renamed Permian natural gas …
Dec 6, 2024 · Energy Transfer LP will construct a pipeline to provide transportation capacity out of the Permian basin to serve growing natural gas demand. Of note, the company said the project is also expected ...
HF Sinclair to keep 2025 capex in line with 2024
Dec 9, 2024 · HF Sinclair Corp., Dallas, plans to slightly increase its capital spending on growth projects in 2025 but keep its overall capex in line with this year’s forecast.. In a recent filing with the ...
Chevron to reduce overall 2025 capex, including in Permian basin
Dec 6, 2024 · Chevron Corp. expects to spend two-thirds of its $13-billion 2025 upstream spending budget to develop its US portfolio, reducing its year-over-year spending in the Permian basin.
bp to spinoff offshore wind assets into JV formed with JERA
Dec 9, 2024 · bp agreed to spin off its offshore-wind business through a deal with JERA Co. Inc. bp plc agreed to spin off its offshore-wind business through a deal with JERA Co. Inc. to form a new joint ...
US rig count inches up, Canada rig count drops | Oil & Gas Journal
Oct 11, 2024 · The active rig count in the US was up a single unit to 586 for the week ended Oct. 11, according to Baker Hughes data. US oil-directed rigs increased by 2 units to 481 for the week, down 20 units ...
OPEC+ postpones oil output hikes, prolongs cuts into 2026
Dec 5, 2024 · OPEC+ will delay the start of oil output increases by another 3 months—pushing the timeline to April 2025—while also extending the full unwinding of production cuts by a year to the end of 2026.
29th World Gas Conference (WGC2025) | Oil & Gas Journal
The World Gas Conference, conducted by the International Gas Union (IGU) since 1931, stands as the world’s premier event in the gas and energy industry.