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Permian oil producers face higher costs with new saltwater rules

Oil & Gas 360º

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.

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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. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

E&P 130
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TotalEnergies Expects 4% Higher Oil and Gas Production for Q1

OilPrice

TotalEnergies expects its first-quarter oil and gas production to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5 million barrels of oil equivalent per day (boe/d).

E&P 147
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Bayswater E&P closes $600 million sale of DJ Basin assets

Oil & Gas 360º

(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million.

E&P 130
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Libya’s first oil bid round in 18 years offers production sharing contracts

Oil & Gas 360º

(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. The fact that we achieved this success in the concession belonging to Bzakerettye, which has an almost 100-year oil industry tradition, is clear evidence that there is still potential in hydrocarbon exploration in Hungary.

Field 130
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Zephyr Energy plc announces successful initial results from State 36-2R well production test

Oil & Gas 360º

During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%

Energy 147