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.
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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 ...
Gastech 2024: Natural gas, LNG positioned to address power …
Sep 19, 2024 · According to Shell's LNG Outlook 2024, demand for LNG is expected to rise to as much as 685 million tonnes/year by 2040, and natural gas and LNG could aid utilities worldwide in creating reliable ...
WoodMac: High-impact exploration could cut global Scope 1, 2 …
Nov 21, 2024 · Investment in oil and gas exploration has decreased by two-thirds over the past decade. However, the industry remains crucial for decarbonization and providing advantaged barrels during the energy ...
Oil & Gas Journal's 2025 Forecast & Review Webcast
Join Conglin Xu, Managing Editor-Economics, for Oil & Gas Journal's 2025 Forecast & Review webcast, where you'll gain expert insights into global energy trends, OPEC+ strategies...
FERC approves Kinder Morgan NGPL expansion, new Rover …
Nov 21, 2024 · The $72-million project involves construction of a new 18,340-hp compressor unit, uprating hp at two existing compressor station units by 1,600-hp each, and re-wheeling four existing compressor ...
Federal court orders BLM to redo environmental assessment of …
Oct 10, 2024 · A federal district court froze development of a 5,000-well oil and gas project on federal lands in Wyoming after it determined the Bureau of Land Management (BLM) may have underestimated that ...
Chevron plans seismic program as operator of license offshore …
Sep 23, 2024 · Chevron Uruguay Exploration Ltd. expects to move forward with 3D seismic acquisition offshore Uruguay after farming into the license as operator.
Global oil and natural gas reserves both increase
Dec 4, 2023 · At the end of 2023, the world’s proven oil reserves reached 1,754.6 billion bbl, an increase from the previous year’s 1,746.8 billion bbl, according to the OGJ's annual assessment.