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Uganda in Search of JV Partner to Explore Oil Block

OilPrice

Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country, a spokesperson for the state-owned oil firm told Reuters on Wednesday. The agreement could be renewed twice for two years, and the state oil firm renewed the deal in March.

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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

percent stake during the exploration and appraisal phases. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report. square miles) onshore Algeria. France’s TotalEnergies will serve as operator with a 24.5

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Inpex Granted Production Concession for UAE Block

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

” McKinsey, March 21, 2023. We estimate that levelized production costs for a first-of-a-kind, commercial-scale (more than 50 megawatts) next-generation geothermal facility in the United States could range from $75 to $120 per megawatt-hour. Improved well productivity.

IT 101
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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. Prices have begun to climb because after years of heavy drilling in the top shale fields, the most productive areas have been exhausted.

Oil 130
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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. producer in October 2023 with its acquisition of U.S. energy sector. million bpd by the end of 2027.

Oil 130
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US DOI Proposes Easing Regulations on Onshore Commingled Production

Rigzone

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.