Oil & Gas Journal

JULY 25, 2025

· Drilling is planned for third-quarter 2026. Insights gained from this dataset will directly inform selection of the 2026 exploration target and guide future Bedout exploration strategy. He is a member of the Society of Petroleum Engineers (SPE). Alex Procyk July 25, 2025 2 min read Carnarvon Energy Ltd.

Basin

Iraq Business News: Oil & Gas

JULY 8, 2025

Deliveries are scheduled throughout 2025 and 2026 to support Iraq's increasing drilling activities. CNOOC has interests in the Maysan Oil Fields and Block 7 , while PetroChina -- part of China National Petroleum Corporation (CNPC) -- is developing West Qurna 1. bpd in 2025 to 6M bpd in 2029." bpd in 2025 to 6M bpd in 2029."

Field

Oil Gas Leads

JULY 26, 2025

When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. One of her boldest moves was the acquisition of Anadarko Petroleum for $59 billion—outbidding Chevron and reshaping Oxy’s asset base. million bpd by 2026 , per the International Energy Agency (IEA).

Energy

Oil & Gas 360º

JULY 8, 2025

(World Oil) – Valaris Limited has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, the company announced Monday.

Petroleum

Rigzone

JUNE 9, 2025

The Caofeidian 6-4 adjustment project is expected to achieve 11,000 barrels of oil equivalent a day (boed) in peak production 2026. The Panyu field has produced over 380 million barrels of petroleum since coming online 2003 according to the company. The oil is light crude.

Upstream

Rigzone

JULY 17, 2025

Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. Crude oil sales increased from 1.26 million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels.

Oil

Oil & Gas 360º

JUNE 13, 2025

Strategic Petroleum Reserve should be completed this year, Wright said. “The goal is not to create jobs in any particular industry,” he said. The constituency of this president is the American economy and the American consumer.” Repairs to the U.S.

Oil

Rigzone

JULY 17, 2025

Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. Crude oil sales increased from 1.26 million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels.

Barrel

Rigzone

JULY 22, 2025

Drilling is planned to start June 2026. Western Australia’s Mines, Petroleum and Exploration Department gave the project until July 2027. Under the new timeline, instead of recompleting the discovery well as a producer before drilling a second well called Rafael B, Buru will now drill and test Rafael B first.

Gas

Oil & Gas 360º

JULY 15, 2025

In a monthly report on Tuesday, the Organization of the Petroleum Exporting Countries left its forecasts for global oil demand growth unchanged in 2025 and 2026 after reductions in April, saying the economic outlook was robust. “With this, the second-half 2025 economic growth may turn out better than currently expected.”

E&P

Iraq Business News: Oil & Gas

JUNE 21, 2025

Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. By John Lee. Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900

Shutdown

Rigzone

JULY 8, 2025

The company said in a media release it has secured a 940-day contract extension for drillship Valaris DS-16, starting in June 2026. It has also secured a new 914-day contract for drillship Valaris DS-18, expected to start in the mid-fourth quarter 2026, with Anadarko Petroleum Corp.,

IT

Rigzone

JULY 16, 2025

per gallon in 2026. per gallon in the first quarter of 2026, $3.12 per gallon in the fourth quarter of 2026. Energy Information Administration (EIA) revealed its latest U.S. regular gasoline retail price forecast in its July short term energy outlook (STEO), which was released on July 8. per gallon in 2025 and $3.04

Crude Oil

Rigzone

JUNE 24, 2025

“Nevertheless, we have revised our 2026 crude production forecast up by 40,000 barrels per day, driven by the reported surge in hedging activity as shale drillers aim to lock in higher prices,” they added. Rigzone has contacted the American Petroleum Institute (API) for comment on J.P. Morgan’s research note.

Basin

Egypt Oil & Gas

JUNE 12, 2025

Minister of Petroleum and Mineral Resources, Karim Badawi, met with shareholders of Abu Tartour for Phosphoric Acid Company (AT-PHOS) to review the progress and latest developments in the phosphoric acid production project at the Abu Tartour phosphate mine in the New Valley Governorate, Western Desert.

Petroleum

Oilfield Technology

JULY 7, 2025

Valaris Ltd has announced that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-4Q26, with Anadarko Petroleum Corp., a wholly-owned subsidiary of Occidental, in the Gulf of Mexico.

Petroleum

Iraq Business News: Oil & Gas

JULY 22, 2025

The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. By John Lee. 7/9843 of 22 April 1975; The Pipeline Protocol dated 10 October 1976, approved by Decision No.

Crude Oil

OilPrice

MAY 13, 2025

Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.

Offshore

Energy Outlook Advisors

MAY 18, 2025

Russia's 2022 invasion of Ukraine and subsequent G7/EU sanctions on Russian crude and petroleum products created the largest dark fleet in history, reducing shipping data credibility. COVID lockdowns and supply chain issues further degraded data, as employees couldn't update records. Now we use it with doubts!

Oil

OilPrice

APRIL 24, 2025

Chevron Namibia Exploration Limited considers drilling the well in 2026 or 2027 in Petroleum Exploration License 82 in the Walvis Basin, Reuters quoted Chevrons Namibian subsidiary as saying. With this programme, Chevron continues to activate its strong and growing exploration portfolio, according to a company statement.

Exploration Well

Rigzone

APRIL 29, 2025

petroleum products consumption to increase in 2025 and 2026. The EIA expects total U.S.

Petroleum

Energy Outlook Advisors

APRIL 9, 2025

US Strategic Petroleum Reserves grew by 0.276 mb to 396.7 April 9, 2025 Subscribe now IN DETAIL US crude oil inventories rose by 2.553 mb to 442.3 mb last week, per the EIA (Figure 1). Cushing inventories declined by 0.681 mb to 25.759 mb. Gasoline inventories fell by 1.6 mb to 236 mb. Distillate inventories dropped by 3.544 mb to 111.1

Oil

Egypt Oil & Gas

MARCH 27, 2025

The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement. The post Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector first appeared on Egypt Oil & Gas. In addition, some EGP 679.1

Petroleum

Mees

APRIL 4, 2025

The UAEs Crescent Petroleum and Dana Gas announced on 3 April that expected completion of work to add 250mn cfd capacity to the Khor Mor gas field has been brought forward to 1Q 2026. The expansion project for the field in Iraqi Kurdistan, which is currently producing nearly 525mn cfd, had been scheduled for 2Q 2026 (MEES, 7 February).

Gas

Egypt Oil & Gas

APRIL 17, 2025

The submarine cable, spanning about 84 kilometers, is planned to be installed at a depth of nearly 1,500 meters, with the project set to be completed by the third quarter (Q3) of 2026. The post Petroleum Leaders Inspect Zohr Fields Subsea Cable in Norway first appeared on Egypt Oil & Gas.

Petroleum

Iraq Business News: Oil & Gas

FEBRUARY 9, 2025

Gas production at Khor Mor's KM250 expansion is expected to start in Q2 2026. In its results for FY 2024, Dana Gas said: " In September 2024, Pearl Petroleum took over full responsibility for the KM250 expansion project following the termination of the original EPC contractor.

Gas

Oil & Gas 360º

MAY 5, 2025

(Investing) –Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. shale supply amid relatively low inventories.

BBL

Oil & Gas 360º

MARCH 10, 2025

mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026. The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.

E&P

Mees

MAY 16, 2025

Iraqs state-firm Midlands Oil aims to double production at the East Baghdad oilfield to 120,000 b/d by June 2026, according to 13 May comments by East BaghdadSouth Operations Manager Firas Fawzi.

Field

BOE Report

MAY 5, 2025

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down [Read more]

BBL

Oilfield Technology

APRIL 14, 2025

The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026.

Oil

Oil & Gas 360º

APRIL 17, 2025

About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Valero owns 15 petroleum refineries located in the U.S.,

Refinery

Egypt Oil & Gas

APRIL 15, 2025

The Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 OPEC added that the oil demand growth forecast for 2026 also declined to about 1.3 mmbbl/d, year on year (YoY), in 2026, while demand in the non-OECD is forecast to increase by 1.2

Oil

Egypt Oil & Gas

APRIL 20, 2025

CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. This will pave the way for construction to begin in 2026, with commercial operations expected to launch thereafter, the Ministry stated on Thursday.

Petroleum

Oilholics Synonymous Report

SEPTEMBER 18, 2024

Read full report for Forbes here ) The Oilholic kick-started his Gastech 2024 speaking circuit journey on Tuesday as well, with India's Minister of Petroleum and Natural Gas Hardeep Singh Puri - a seasoned diplomat turned politician and a lively keynote speaker at international events. Photo I: Houston's George R. at 11:46 CDT.

Natural Gas

Oilholics Synonymous Report

FEBRUARY 14, 2025

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. mmtpa from 2026 for 14 years. Yours truly had the pleasure of reconnecting with the Minister and interviewing him for Forbes to discuss a host of energy related issues.

Gas

Iraq Business News: Oil & Gas

APRIL 3, 2025

The partners also announced that development of the KM-250 project, which promises to boost capacity by a further 50%, has accelerated the expected completion to Q1 2026. The partners have committed US$160 million to drill three wells, install an extended well test (EWT) facility, and construct associated enabling infrastructure.

Field