Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.

Exploration and Production

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. In some mature fields, 10 barrels of water are generated for every barrel of oil produced.

Midstream

Rigzone

JULY 30, 2025

IIN holds numerous licenses in the northern North Sea, the northern Norwegian Sea, and the Barents Sea, and has participated in steady production operations from fields in the North Sea, according to the release. TotalEnergies CCS Australia Pty Ltd holds a 26 percent stake while Woodside Energy Ltd holds 21 percent.

Exploration and Appraisal

Oil & Gas 360º

JULY 31, 2025

In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.

Energy

Rigzone

AUGUST 1, 2025

“This equity split reflects the contributions and strategic alignment of both parties in the creation of a market-leading entity in the UKCS, with a projected 2025 production of approximately 130,000 barrels of oil equivalent per day”, Repsol said in a statement online announcing completion.

Completion

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.

Exploration and Production

Rigzone

AUGUST 6, 2025

The fields stopped production March 2020 and their two platforms, PCH-1 and PCH-2, have since been mothballed, according to state-owned Petrobras. Anglo-French explorer and producer Perenco already produces in Brazil through the Pargo Cluster, which comprises the Pargo, Carapeba and Vermelho fields in the shallow waters of the Campos Basin.

Completion

Rigzone

AUGUST 6, 2025

“We are excited to announce this significant discovery at Bumerangue, BP’s largest in 25 years,” Gordon Birrell, BP’s executive vice president for production and operations, said in that release. BP highlighted in the release that it drilled exploration well 1-BP-13-SPS to a total depth of 5,855 meters (19,209 feet).

Exploration and Appraisal

Oil & Gas Journal

JULY 23, 2025

The sanctions package imposes bans on exports of refined petroleum products derived from Russian crude, financial and shipping restrictions, and a dynamic price cap on Russian crude, a report form Rystad Energy noted. Russia, on the other hand, will face significant impacts contingent on peace negotiations," Srivastava said.

Refinery

OilPrice

MAY 22, 2025

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8

Exploration and Production

Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.

Oil

Oil & Gas 360º

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period. By Irina Slav for Oilprice.com

Gas

Oil & Gas 360º

MAY 30, 2025

billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.

Oil

Oil & Gas 360º

MARCH 26, 2025

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent.

Field

Oil & Gas 360º

JUNE 27, 2025

“This proposed lease sale demonstrates BOEM’s commitment to advancing American Energy Dominance and fostering the production of affordable, reliable energy resources for the nation.” BOEM estimates the broader Gulf outer continental shelf holds about 48 billion barrels of undiscovered oil and 141 Tcf of natural gas.

Oil

Oil & Gas 360º

APRIL 3, 2025

and previously led Shell Nigeria Exploration and Production Co. Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd.

Oil

Oil & Gas 360º

MAY 30, 2025

Encinos acreage improves the quality and depth of our Utica position, expanding EOGs multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play.

Exploration and Production

Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. " It also builds upon BP's previous work on the Kirkuk fields from 2013 to 2019.

Field

Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. Achieving self-sufficiency in diesel and kerosene production.

Gas

Oil & Gas 360º

MARCH 31, 2025

In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.

Oil

Iraq Business News: Oil & Gas

MAY 20, 2025

WesternZagros , a privately owned US exploration and production company, has announced its acquisition of the Topkhana block in the Kurdistan Region of Iraq. The acquisition is seen as a strategic milestone in enhancing the Kurdistan Regional Government's (KRG) energy security and electricity provision plans. By John Lee.

Exploration and Production

Oil & Gas 360º

MARCH 10, 2025

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.

Exploration and Production

Oil & Gas 360º

APRIL 1, 2025

The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.

Basin

Egypt Oil & Gas

APRIL 14, 2025

The extensive discussions took place at the ministry’s headquarters in the government district of the New Administrative Capital, with key figures from Egypt’s petroleum sector in attendance. Badawi further highlighted recent encouraging discoveries in the Gulf of Suez and increased activity in the Western Desert.

Energy

Egypt Oil & Gas

MARCH 27, 2025

bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent (boe).

Field

Oil & Gas 360º

APRIL 23, 2025

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

Iraq Business News: Oil & Gas

MARCH 18, 2025

"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1

Energy

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

Oil

Offshore Energies UK

MARCH 26, 2025

It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.

Supply Chain

Rigzone

JUNE 6, 2025

“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.

Exploration and Production

Offshore Energies UK

MARCH 26, 2025

It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.

Supply Chain

Oil Gas Leads

MARCH 13, 2025

One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. Why Air Permitting Matters Air permits are crucial in the oil and gas industry as they govern emissions limits, operational guidelines, and environmental impact mitigation.

Basin

Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3

Basin

The Energy Law

SEPTEMBER 23, 2008

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. House of Representatives passed Speaker Pelosi’s Energy Bill, H.R. 6899, titled “Comprehensive American Energy Security and Consumer Protection Act.”

Royalty

Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Governments are struggling to build charging infrastructure, creating adoption barriers.

Completion

Rextag

FEBRUARY 13, 2025

Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). at a TravelCenters of America site. peers known for high-output, short-cycle projects?

Gas

Iraq Business News: Oil & Gas

MARCH 20, 2025

We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl

BBL