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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

paid C$12,016 per hectare for land in the Fort Kent field, the highest price for oil sands land since 2007. paid C$27,556 per hectare, marking the priciest single transaction since 2013. In March, Synergy Land Services Ltd. In a standout September deal, Millennium Land Ltd. Elmworth yielded over 14,000 bpd last year, with Veren Inc.

Gas 52
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Developments in France are particularly relevant to Spain since France is accelerating its CCUS efforts despite not having significant national oil and gas reserves, which eliminates the possibility of using depleted fields for CO 2 storage. In addition, most of Europe’s depleted oil and gas fields are located at sea.

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Hitting the Mark: A Father’s Day Tribute

Permian Basin Oil and Gas Magazine

When we buried him in 2013, in Oklahoma, one of the town’s leaders said to me, “Your dad was an honorable man.” That career took him and his family from Illinois (the Salem field) to Kansas and to Oklahoma. Like so many of his generation, widely acclaimed as the Greatest Generation, he lived by deep convictions and principles.

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.

Field 75
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US okays Rhum field licence extension

Offshore Energies UK

The US government has extended by a further two years the secondary sanctions assurance relating to the UK Rhum field, which is half owned by Iran, the other owner Serica said February 27. This means that certain US and US-owned or controlled entities and all non-US entities, can continue to provide goods, services and support to the field.

Field 52
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Global energy demand rises as power consumption jumps

Oil & Gas 360º

between 2013 and 2023. Earlier this month, Birol acknowledged that the world needs upstream investments in existing oil and gas fields to support global energy security after the IEA has stated for years that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050.

BCM 130
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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

E&P 130