OPEC+ has announced a surprise increase in oil production, which is expected to lead to a surplus later this year and put pressure on prices for producers https://t.co/eevy4cr2Or ...

What are you expecting to come out of this meeting. Is a production hike a done deal. You know, nothing is a done deal when it comes to Opec+ and they have the capacity to surprise the market.But what's widely expected and what my colleagues have reported is that we're seeing a 411,000 barrel a day increase over in the next month. Now, that is three times more than the plans at the moment. But they've done these kind of super sized increases over the last over the last three months.So this will be the fourt ...

OPEC+ is discussing another 411,000 barrel-a-day production increase for August ahead of the group’s video-conference this weekend https://t.co/8Q67jGBjhC ...

Mexican oil production is on track to plummet to levels last seen in the late 1970s before the start of the giant Cantarell field, posing a threat to US refiners at a time when they need oil from the country the most https://t.co/Ej4zhAPFyE ...

Core Insights - Chevron Corporation is focusing on the Gulf of America (GOA) for its production growth, targeting 300,000 net barrels of oil equivalent per day (BOE/d) by 2026, a 50% increase from 2020 levels [1][10] - The company is utilizing new technologies and operational experience to enhance efficiency and reduce emissions in deepwater resource extraction [2][3] Production Developments - The Ballymore asset is expected to produce approximately 75,000 barrels per day once fully operational, while the Whale project aims for 100,000 BOE/d at peak production [1] - The Anchor platform, operational since August 2024, is designed for extreme conditions and has an estimated resource base of 440 million barrels of oil-equivalent [2] Strategic Approach - Chevron is implementing updated project models to lower costs and extend the operational life of its fields, exemplified by the Tahiti platform, which has produced over 500 million barrels since 2009 and could continue into the 2040s [3] - The focus is on smarter drilling practices, emphasizing efficiency and low-carbon intensity output [3] Competitive Landscape - Shell plc is the largest operator in the GOA, known for its advanced technology and sustainability efforts, achieving a 40% reduction in methane emissions since 2016 [4] - BP plc is also a significant player in the GOA, with plans to invest $7 billion through 2025 to exceed 400,000 BOE/d by the end of the decade [5]

Key Takeaways PBR awarded Geospace a PRM contract to install OptoSeis at Mero fields 3 and 4 in the Santos Basin. The project will cover 500 km of OptoSeis PRM system over 140 square kilometers of the Mero seabed. OptoSeis enables precise, real-time data for better oil recovery and offshore production efficiency.Petróleo Brasileiro S.A. - Petrobras (PBR) recently awarded a multi-year contract to Geospace Technologies Corporation for the deployment of its technologically advanced OptoSeis Permanent Reservo ...

After a lackluster start to the year, are we approaching a bigger breakout for the energy trade. Guy, I'm going to start with you. When you look at those charts, does it make you feel like it's only higher from here.First of all, welcome Courtney. It's always great having you. Number one.Number two, there have been many times that I've personally been faked out to the upside on these crude moves specifically on whatever this is, geopolitical risk or concern. But in terms of the stocks you just mentioned, ye ...

VANCOUVER, B.C., June 05, 2025 (GLOBE NEWSWIRE) -- BGX - Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) announces an update to disclosure. Disclosure Update: The Company wishes to clarify its news release dated June 4, 2025, announcing that it has entered into production to add that BGX has entered into production through its 10% working interest in the Fritz 2-30 well located in Clay County, Indiana. As previously announced in the Company's January 31, 2025 news ...

The oil giant is once again at the centre of government plans for economic growth and job creation. But Petrobras has a chequered past, including damaging corruption scandals and debt. Critics say it should stick to high-value oil production rather than expanding into refining and shipbuilding #petrobras #brazil #oil #brazilpolitics #brazileconomy #brazilsociety #oilproduction #corruption #companies #scandal 00:00 - Introduction 00:54 - How important is Petrobras? 01:41 - Petrobras and the Brazilian economy ...

May 21, 2025 12:51 AM GMT LatAm Energy Tracker | Latin America M Foundation Brazil Oil Production Gaining Momentum Daily production data through early May shows strong growth in Brazil, up 8.5% vs Dec/24 and, year-to-date, 5.7% above the same period of last year. We are confident that our oil production growth forecast for Brazil will be met, and do not rule out upside risks, as new pre-salt platforms ramp-up. Key Takeaways Morgan Stanley does and seeks to do business with companies covered in Morgan Stanle ...