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Oil Review Middle East - Untitled Article

Oil Review Middle East

Of this, 40% is dedicated to slowing down production declines at existing fields. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years.

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

Producer's Edge

Previously, in 2023, the Texas Supreme Court held that Apache should have made its re-assignment offer in 2014, not in 2015.    Apollo alleged that, because oil prices dramatically declined between 2014 and 2015, the impact on damage calculations would potentially reach $180M.

Casing 52
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Who is the Upstream Industry's Most Admired Explorer?

Rigzone

Wood Mackenzie noted in its release that ExxonMobil found over eight billion barrels of new field resources on a net equity basis since 2015, which it said is more than any other company over the decade. Congratulations to John Ardill and the entire exploration team,” he continued.

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Bridging the Data Gap: How Transfer Learning Revolutionizes Production Forecasting in Frontier Basins

Novi

Four distinct chronological scenarios were established on January 1 of 2012, 2015, 2018, and 2021, creating experimental frameworks with progressively increasing data availability. The GeoSHAPS generated by calibration models failed to provide consistent or definitive high-grading across scenarios.

Basin 52
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Trump's nuclear power push weakens regulator and poses safety risks, former officials warn

CNBC: Energy

Slashing regulations Trump's executive order seems more focused on approving reactors fast than safety, said Stephen Burns, who chaired the NRC from 2015 to 2017. The order requires the NRC to make final decisions within 18 months on applications to build and operate nuclear plants.

Finance 82
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Oxy Oman Touts Block 65 Gains

Mees

US independent Occidental (Oxy) has a sizeable portfolio of upstream assets in Oman, but it has struggled to offset declines from aging legacy fields. Net crude output dipped to 56,000 b/d last year, well below its 2015 record of 82,000 b/d, while gas production of 63mn cfd was less than half of 2018’s record 139mn cfd.

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Libya Restarts Mabruk Oil Field

Mees

Libyas NOC on 12 March announced the restart of TotalEnergies Mabruk field following a 10-year hiatus. The field in the countrys Sirte Basin oil heartland had been out of service since being overrun and badly damaged by IS-affiliated militants in 2015 (MEES, 6 March 2015).

Field 52