Rigzone

JUNE 30, 2025

Specifically, the Sapakara and Krabdagu fields, which contain recoverable reserves estimated at nearly 760 million barrels, according to the company’s website. Production start-up is expected in 2028, the company said.

Exploration and Production

OilPrice

MARCH 12, 2025

Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4

Field

Rigzone

MARCH 7, 2025

billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil. Enbridge has earmarked an investment of up to about $1.39

Pipeline

Egypt Oil & Gas

MARCH 24, 2025

aiming to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028). mmboe by the end of 2028 first appeared on Egypt Oil & Gas. He said that a short- and medium-term emergency plan has been designed, which is fully operational for this regard.

Crude Oil

Oil & Gas 360º

MARCH 19, 2025

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. The production profile for Alaska in 2023 records 2,340 active wells, 65% of which produce more than 100 barrels of oil equivalent per day (boed).

Crude Oil

Egypt Oil & Gas

MARCH 24, 2025

Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.

Exploration and Production

Oilholics Synonymous Report

JANUARY 29, 2025

The first step of this would an industrial-scale commercial plant with a capacity of 5000 litres, or hundred-times that of the pilot plant by 2028. And speaking of scaling up the process, here's yours truly's feature on Metafuels for Forbes , which touches on the firm's plans for commercialising Aerobrew.

E&A

Oil & Gas 360º

APRIL 28, 2025

per barrel WTI and $4.28 For the period from 2026 through Q1 2028, the hedges secure pricing at $64.29 per barrel WTI and $4.09 The program covers approximately 85% of Prairies remaining daily production for 2025, locking in prices at $68.27 per MMBtu Henry Hub. per MMBtu Henry Hub.

Completion

Oil Review Middle East

JULY 28, 2025

billion cubic metres per year by 2028, with total investments of more than US$8bn, as the country seeks international investment to boost oil and gas production. Eni has been present in Algeria since 1981, with an equity production of around 137,000 barrels of oil equivalent per day in 2024.

Exploration and Production

Oil & Gas 360º

MARCH 31, 2025

The supermajor just announced the final investment decision on a Trinidad and Tobago gas project, due to start producing in two years with a peak output of 62,000 barrels of oil equivalent daily. It also got an approval from the Iraqi government to start the development of two oil fields in the north. BP is very much back.

Oil

Oil Gas Leads

MARCH 8, 2025

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. Scheduled for completion in early 2028 , with expansion potential beyond 400,000 bpd. ONEOK expects higher ethane recovery rates , further increasing the volumes transported.

Basin

Rigzone

JUNE 6, 2025

In its release, BP said Shah Deniz Compression is one of the 8-10 major projects expected to start up between 2028 and 2030, “as disclosed at BP’s 2025 capital markets update” The company added that the project is expected to contribute to growing BP’s global upstream production to 2.3

Exploration and Production

Rextag

FEBRUARY 24, 2025

The first projects are expected to be operational by 2028. Oil Price & Market Dynamics (2024-2025) 2024 Oil Price Trends Brent Crude Oil Price (2024 Average): $80 per barrel. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024. WTI Forecast: Expected to average around $70 per barrel.

Basin