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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

The Glaucus-2 appraisal well, completed in March 2022, confirmed the presence of a high-quality gas-bearing reservoir. This marks the second gas discovery in Block 10 by partners ExxonMobil and QatarEnergy. Their first discovery was announced at the Glaucus-1 well in February 2019.

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EIA expects decline in U.S. production this year from previous forecast

Permian Basin Oil and Gas Magazine

producers slowing their drilling and completion activity this year. million b/d in 2022, 12.93 Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. As a result, we forecast U.S.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

In 2022, the three main HtA industries—cement, steel, and chemicals—contributed over 8 percent of the industrial sector’s total direct gross value added (GVA) for Iberia and provided 300,000 direct jobs. Mtpa, COD 2022). 3 McKinsey Direct Air Capture and Storage (DACCS) Cost Model 2022.

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The First Oil Well in the World – Bibi Heybat

Aresco

The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku. Related Blogs Permian Basin Oil History Permian Basin Discovery Great News for Texas Who Were the Top Oil Producing Countries in 2022?

Oil 111
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Canadian First Nations to Acquire $511 Million Stake in Enbridge's Westcoast Pipeline

Rextag

billion minority sale in 2022 involving seven Alberta oil pipelines. During the earnings call, CEO Greg Ebel said he was “completely enthused” by the growing political focus on energy infrastructure development in both Canada and the U.S. Previous agreements include a C$1.12 In May 2025, Enbridge Inc. billion, up from $1.4

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Germany's SEFE Strikes 10-Year Deal for Gas From Azerbaijan

Rigzone

The region increasingly depends on global flows after losing most of its Russian pipeline gas in 2022. SEFE, formerly the European trading and supply unit of Gazprom PJSC, was nationalized in 2022 as part of a €6.3 billion ($7.2 billion) rescue package. conference in London Tuesday. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

A successful formation test was completed, achieving a maximum production rate of 650 standard m 3 of oil per flow day through a 36/64 in. Despite a dry well in a previous attempt to delineate the discovery in 2022, the latest appraisal has provided encouraging results. nozzle opening.