article thumbnail

Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. The development of its north Jalo field alone would add 100,000 barrels. (World Oil) – Chevron Corp.

article thumbnail

bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

bp, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya, it said in a statement on Tuesday. Libya has struggled to quell unrest since the 2011 fall of longtime dictator Moammar Qaddafi.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chevron, Total Vying in Libya's First Oil Tender Since 2011 War

Rigzone

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. The development of its north Jalo field alone would add 100,000 barrels. Waha Oil Co.,

Oil 83
article thumbnail

CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

CanCambria has licensed high-quality 2011 vintage 3D seismic over the area and is preparing to reprocess and merge with new proprietary 3D data volumes. Once the prospective area is fully interpreted, a resource assessment will be conducted to support the addition of new well locations to the field development plan (FDP).

Energy 130
article thumbnail

When $180 Million Rides on an Expert's Supplementation Decision

Producer's Edge

In March 2011, they sold 75% of their combined interests to Apache Corporation through separate purchase and sale agreements (PSAs). The court explained that "the necessary methodology and basis to support an expert's opinion in this field must be presented." The transaction included important protections for the sellers.

Casing 52
article thumbnail

Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

The units’ electrical power needs can be fed by an in-field electrical source. Esquibel, speaking about changes in his field, said that the biggest trend is “optimizing. Another trend Livingston is seeing is a move toward using, or re-using, materials that are currently already in the field. Getting a lot more efficient.”

Basin 59
article thumbnail

Trump's nuclear power push weakens regulator and poses safety risks, former officials warn

CNBC: Energy

The 2011 earthquake and tsunami in Japan resulted in a severe accident at the Fukushima Daiichi Nuclear Power Plant. The Fukushima nuclear accident is an example of what can happen when safety regulators are not independent, said Macfarlane, who was appointed by President Barack Obama.

Finance 82