Remove 2029 Remove Exploration and Production Remove Field
article thumbnail

Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

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.

article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

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% this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029.

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029

Egypt Oil & Gas

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.

article thumbnail

BP Enters Into Series of Azerbaijan Deals

Rigzone

“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

article thumbnail

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

Gas 100
article thumbnail

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability.

article thumbnail

US gas players refocus on Haynesville basin, buoyed by Trump LNG plans

Oil & Gas 360º

Aethon is exploring an IPO or asset sales, given demand for its product. shale business between 2026 and 2029. A LITTLE GUN SHY Haynesville gas production is about half that of the prolific Permian Basin in Texas and New Mexico, but is expected to grow at a faster rate, according to government forecasts.

Basin 130