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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.

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

Oil & Gas 360º

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029.

E&P 130
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Israel’s Leviathan: Chevron Advances Plans To Near-Double Capacity To 23bcm/y

Mees

The partners at Israels key 22tcf Leviathan gas field are progressing plans to expand capacity to 21bcm/y by 2029 and to 23bcm/y by 2032 with FID on the first stage just months away according to partner NewMed Energy.

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Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project

Egypt Oil & Gas

The consortium anticipates that the Gato do Mato field will commence operations in 2029. The post Shell Expands Investment in Brazils Pre-Salt with Gato do Mato Project first appeared on Egypt Oil & Gas.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2027 2029, before returning to sustaining expected capital of $0.8 Field Operating Income is a common metric used in the oil and natural gas industry to assess the profitability and efficiency of the Companys field operations. The following table reconciles Field Operating Income to the nearest GAAP measure.

BBL 130
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BP Enters Into Series of Azerbaijan Deals

Rigzone

billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest. million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9

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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

In addition, we identified the opportunity to increase injection and production in the Oungre and Torquay fields by separating produced water from each formation, since combining the fluids creates an unusable emulsion. Boe Presentation Boe means barrel of oil equivalent.

Gas 100