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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. percent stake during the exploration and appraisal phases. square miles) onshore Algeria. State-owned QatarEnergy also owns 24.5

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

Oil & Gas 360º

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

The name Adura is “rooted in their [the companies] respective heritage and focused on shaping the future of the basin in the years ahead”, Equinor explained. percent operating stake in Nelson, which started production 1994; a 50 percent operating stake in Penguins, which started production 2003; a 92.52

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New Mexico ‘becoming energy powerhouse,’ surpasses 2 million b/d in 2024

Permian Basin Oil and Gas Magazine

2 in oil production in the U.S. Production in the state surpassed 2 million barrels per day in 2024 more than double that of 2019 (about 0.9 Exploration in Eddy and Lea counties in southeastern New Mexico propelled the expansion and bolstered the state treasury in the process. million b/d).

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The heart of the US oil boom is slowing

Oil & Gas 360º

But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. This field alone now produces over 6 million barrels per day, nearly half of the nations current production and more than the entire country produced before the technological revolution.

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Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. Now Underdog has worked with them since 2019.” on April 15.

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Valor | Energy Connection – June 23, 2025

Valor

million barrels a day from 2016-2019 has spurred a 9% rally in a basket of related U.S. oil-and-gas exploration stocks amid the recent tensions. To expand US critical mineral supplies, Chevron will leverage its drilling expertise and utilize advanced direct lithium extraction (DLE) technologies for future production.

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