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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
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. We will continue our investments and will do our utmost to maintain and, if possible, increase production.
The company said in a media release production resumed following major site upgrades in 2024 and 2025. The newly installed equipment and facilities are functioning well and ongoing adjustments are being made to optimize production, it said. hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.
During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production. h/d with an average flow-rate of 43 bpd gross during the period. Already a member?
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. from 2018-2024. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization.
It expects the project to start production 2029. "We have done a thorough job maturing the new resources discovered in the Fram and Troll area in recent years”, Kjetil Hove, Equinor executive vice president for Norwegian exploration and production, said in an online statement. Both are tied back to Troll C.
Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska the Nuna and Pikka projects are expected to boost crude oil production in the state after decades of decline.
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%
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%
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.
billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. (Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2
billion more than current government estimates. This additional production could add £165 billion in economic value, with a total of £385 billion if the UK meets half its oil and gas demand from domestic sources, supporting jobs, investment, and public services across the country. These resources include: 0.5
(Oil Price) –Following several months of delays due to inclement winter weather in the waters in Norways Arctic, Equinor started up the Johan Castberg oilfield on Monday, which will add 220,000 barrels of oil per day at peak production rates. Equinor expects that this major field development, which cost $8.2
Block 53 lies directly east of Block 58, where TotalEnergies and its partners announced a final investment decision for the GranMorgu development in October 2024. Specifically, the Sapakara and Krabdagu fields, which contain recoverable reserves estimated at nearly 760 million barrels, according to the company’s website.
The area includes 17 gas fields at water depths ranging from 300 to 1,200 m. WDDM Phase XI The Phase XI development of the Burullus gas field involves the tie-in of three subsea twin deep-water natural gas wells.
The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.
Khalda Petroleum Company Chairman Saeed Abdel Moneim reviewed the most important performance indicators and targets for the next fiscal year (FY), indicating that it is planned to invest approximately $1 billion during FY 2024/25.
Paul Weir, Chief Executive of Genel, said: " In line with expectations, the Tawke PSC continues to deliver consistent, reliable production and generate significant cash flow even at the discounted domestic sales prices.
In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. “Arcius Energy, initially to operate in Egypt, includes interests assigned by bp across two development concessions, as well as exploration agreements”, XRG said.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. 2 two digit level)â1000,â Eurostat, accessed June 2024. billion tons by 2030.
Compared to March 2024, last months activity was 20.3% in March 2024. The total includes 613 to drill new oil or gas wells, 15 to re-enter plugged wellbores, 5 field transfers, 1 reclass and 62 for re-completion. The distribution of wells in these categories was roughly the same in March, as it was in January.
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America.
Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A
MOL announced discovering a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well located in the Somogysmson oilfield is capable of producing 1,200 barrels per day.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the With the publication of this announcement, this information is now considered to be in the public domain.
As the year draws to a close and the festive season surrounds us with cozy blankets, steaming mugs of cocoa, and the sparkle of holiday lights, its the perfect time to pause, reflect, and unwrap the biggest highlights of 2024. Production increased by 460,000 boe/d, making Chevron a major player in international energy markets.
Shell's LNG Outlook 2024 predicts that global LNG demand will grow by approximately 50% by 2040, driven by emerging economies like India and Vietnam that are prioritising lower-emission energy sources to fuel their development while meeting climate commitments. Qatar’s experience provides a good example of how to strike this balance.
In last yearâs survey, a surprising 84 percent of respondents predicted that an NGSA aircraft would be fielded by 2035 or earlier. 2 âCommercial aerospace at a crossroads: Balancing the present and the future,â Aviation Week, June 29, 2024.
. “By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. ProFrac Holding Corp.
Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petronas plans to start gas production 2031 if Sloanea 2 proves to be a commercial success. square miles).
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. million acres in Alberta.
Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. Pintail’s 2024 revenues topped more than $400 million.
is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. As in the past, we will continue to execute our value focused proven strategy that we believe best positions the Company for long-term success. ABOUT RING ENERGY, INC. Ring Energy, Inc.
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: " In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Production costs (17.6) (18.0) Production costs (17.6) (18.0)
million shares since the programs launch in August 2024, or ~4% of outstanding Recognized by The Financial Times as the fastest growing energy company across all of the Americas Calgary, Alberta(Newsfile Corp. million shares repurchased to date in 2025, bringing total repurchases to 7.9 April 23, 2025) Saturn Oil & Gas Inc.
mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly). billion which equates to less than 1.0x mboe/d) Approximately 16.1
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They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinseyâs 7,000 technologists, designers, and product managers serving clients in more than 50 countries.
Hunting sees the Middle East as a key area of growth, given the tender activity across the region, according to its 2024 Results statement. It also lowers the water cut during end-of-life production, lowers hydrogen sulphide levels in production offtake and extends the life and increases the economic returns of a producing field.
Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 billion cubic feet per day (Bcf/d) in 2024 to 7.0 In 2024, the company produced about 475 MMcf /d in the countyan impressive 74% of which came from Austin Chalk wells. According to the U.S. Bcf/d by 2026.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
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