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percent stake during the exploration and appraisal phases. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. square miles) onshore Algeria. square miles) onshore Algeria. square miles) onshore Algeria. State-owned QatarEnergy also owns 24.5
(Oil & Gas 360) CanCambria Energy Corp. It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9
Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp.
An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gasexploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022.
and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. Seven years ago the partners found a gas-bearing reservoir about 436 feet in Glaucus-1. Steve Greenlee, then-president of ExxonMobil Exploration Co., Image by Zigmunds Dizgalvis via iStock Exxon Mobil Corp.
supermajor Chevron has expressed interest in oil and gasexploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. The two new blocks now essentially double the total area for exploration to 47,000 sq km (18,147 square miles).
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.
TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.
communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s natural gas impact fee, the state’s tax on natural gas development, generated $164.5 Natural gas development remains a key economic driver in Pennsylvania. Nearly $3 billion generated for Pa. PUC data shows.
Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice.
The deal increases INEOS Energys production globally to over 90,000 barrels of oil equivalent per day (boed) and marks the third major investment by INEOS Energy in the U.S., mtpa LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energys oil and gas assets in South Texas in May 2023.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend.
This report analyzes upstream oil and gasproduction trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gasproduction but is less significant in oil output. EQT is notable for its gas-heavy production profile. in 2024.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. Smart Oil Investment Ltd.
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% Negotiations are underway with ExxonMobil and Chevron to boost exploration.
oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. As a result of the declining demand outlook and expected supply surplus (likely widened by recent OPEC+ decisions to accelerate the pace of production increases), U.S.
The assets are 95% operated by best-in-class natural gas operators EQT (NYSE: EQT), Range Resources (NYSE: RRC), and CNX Resources (NYSE: CNX), and have continued to perform above expectations since WhiteHawks initial acquisition of this position in March 2022.
With Colombias reserves of oil and natural gas falling, and President Gustavo Petro refusing to grant new exploration licenses, Ecopetrol is focused on contracts signed before the environmentalist leader took power in 2022. Ecopetrols natural gas reservesfell tothe equivalent of 6.7 years last year, down from 7.2
“This acquisition brings new resources to the development of our low-cost and low-emission GranMorgu project”, Javier Rielo, senior vice president for Americas exploration and production at TotalEnergies, said. Production start-up is expected in 2028, the company said. miles (150 kilometers) off the Surinamese coast.
(BOE Report) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 Houston, Texas, USA – March 2, 2022: ConocoPhillips World Headquarters in Houston. billion takeover of Marathon Oil last year, people familiar with the matter said.
Natural gasoline is the most expensive natural gas liquid (NGL), accounting for more than 25% of the price-weighted NGL barrel (versus 10%-12% of the barrel by volume). It is also notoriously difficult to track, with similar products having different names and unclear demand segments.
Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gasproduction data. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
(Investing) –NEW YORK – Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said. VTX is Vitols second U.S. billion.
TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! What do you think?
Visit the blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gasproduction. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest gas (and a little. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gasproduction data. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Visit the blog to explore the full interactive dashboard After a few months hiatus, we’re now back with regular updates on. This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards.
Join us as we reconnect the Caspian oil and gas industry to address challenges, deliver improved performance and highlight emerging technologies and practices in global oil and gasexploration and production. SPE's annual Caspian Technical Conference is back in-person for it's 9th annual event!
The state of Texas is the US' top crude oil and natural gas producing state. However, as Day I of Gastech - which is formally running from September 17 to 20 - kicked off on Tuesday, energy bosses bemoaned the lack of clarity and consistency from Washington on policy matters pertaining to natural gasexploration and LNG permits.
On the sidelines of the US-Algeria Energy Forum 2025, SONATRACH and its partner, Occidental Petroleum (Oxy), signed two Memoranda of Understanding (MoUs) to consolidate and expand their cooperation through new partnership opportunities in hydrocarbon exploration and production in Algeria.
The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. In contrast, gas rigs fell by 2 to 111, which is still a gain of 13 rigs year-over-year, while the miscellaneous rig count increased by 2, bringing its total count up to 5 active rigs.
As we march through the latter half of 2022, oil and gas deals are expected to rise through the end of the year. As deals begin to close, exploration and production (E&P) companies must adjust for potential mergers or acquisitions. In addition to the usual reshuffling and restructuring.
The only exception to the trend over the last ten years of lower oil leading to lower asset prices was 2023, when crude came off its 2022 highs, but buyers continued to bid up the value of undeveloped inventory. Potential buyers may also consider adding exposure to other areas like the Eagle Ford natural gas window or Mid-Continent.
billion, Andrew Dittmar, principal analyst at Enverus Intelligence Research provided this commentary explaining the deal’s significance: “While corporate mergers are a staple of oil and gas operators, they have been rare in the more sedate minerals space. billion in 2022. billion inclusive of net debt.
Like traditional exploration and development, CCUS projects require the operator to secure both the necessary private property rights from landowners as well as regulatory approval from the appropriate administrative agency in order to proceed. Carbon capture, utilization, and storage (CCUS) projects involve various legal issues.
Intangible Drilling Costs (IDCs) play a crucial role in oil and gas investments, offering significant tax advantages that can enhance profitability for investors. In this blog, well break down what IDCs are, provide real-world examples, explore their tax treatment, and discuss how excess IDCs could affect your tax strategy.
Mark Ma at the University of Pittsburgh, Betty Xing at Baylor University and Ling Zhang at Rowan University merges commuting data with satellite-measured greenhouse gas emissions, offering clear insights into how workplace flexibility shapes entire metropolitan areas. A new study by Prof. pounds of CO2 per day.
"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1
In our 2023 Sustainability Report , we saw a 3% reduction in absolute carbon emissions, and a 13% reduction in carbon intensity when compared to 2022. Effective carbon measurement involves monitoring and reporting carbon emissions across processes from production to transportation and waste management. Gt in 2023.
Governor Edwards’ Climate Initiatives Task Force, charged with making recommendations to reduce greenhouse gas emissions originating in Louisiana, recently took another step towards that goal. This document contains proposed strategies and specific actions across several priority areas to be considered in reducing greenhouse gas emissions.
In response to the depreciation of the Ghana Cedi in the last quarter of 2022, the government introduced the Gold for Oil Programme, utilizing gold produced within the country to purchase oil and alleviate pressure on the local currency. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.
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