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billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. Oil comprises 75 percent and gas 25 percent, according to Equinor. It expects the project to start production2029.
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.
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.
(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. billion, and a maturity date of March 26, 2029. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. its lead arranger.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
As AI-driven data centers rapidly proliferate, the oil and gas industry is seizing a new opportunitynot just as energy suppliers, but as key enablers of power-hungry digital infrastructure. Diamondback Energy: Gas-to-Power for Hyperscalers Diamondback is moving aggressively to monetize stranded gas and improve margins.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, JOGMEC Pen LNG Cooperation Deal by Jov Onsat | Rigzone Staff | Tuesday, June 24, 2025 | 7:30 AM EST The cooperation could include 'exploring the utilization of LNG storage facilities in Malaysia' to help secure supply for Japan. Commonwealth is permitted to export up to 9.5
“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.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.
He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. From Looney to Auchincloss: Continuity or Clean Break?
Image by Marieke Peche via iStock Four years after terrorist attacks halted a massive liquefied natural gas project in Mozambique, momentum behind $57 billion in facilities that will export the fuel is picking up. Revenue from gas exports could be significant for the southern African nation, one of the world’s poorest.
natural gas producers and investment firms are gearing up for more activity in Louisianas Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. gas demand is expected to hit record highs in 2025 and 2026. (BOE Report) – U.S.
The $8-billion project is expected to see peak production of 160,000 barrels of oil per day, beginning in 2029, according to 2020 estimates but since then, this has been revised up to a maximum of 180,000 barrels per day (bpd). The Trump Administration is looking to boost oil and gasexploration and production in Alaska.
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