Egypt Oil & Gas

JULY 22, 2025

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.

Natural Gas

Oil & Gas 360º

JUNE 25, 2025

Publisher’s Note: Anschutz Exploration will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. But in formations like those found in the Powder River Basin (PRB), the oil and gas often sit in thin, horizontal layers of rock. Anschutz Exploration Corp.,

IT

Rigzone

JUNE 30, 2025

by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.

Upstream

Oil & Gas 360º

JUNE 23, 2025

TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.

Gas

Oil & Gas 360º

JULY 18, 2025

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. But Exxon regained ground in 2010 with its $41 billion acquisition of natural gas producer XTO.

Oil

Rigzone

JULY 9, 2025

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.

Exploration and Production

Rigzone

JUNE 30, 2025

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. percent stake. feet) below the seabed.

Exploration and Production

Rigzone

JULY 4, 2025

The company said in a media release production resumed following major site upgrades in 2024 and 2025. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.

Exploration and Production

Rigzone

JUNE 27, 2025

The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. Oil comprises 75 percent and gas 25 percent, according to Equinor. It expects the project to start production 2029. Fram West and Fram East started production 2003 and 2006 respectively.

Exploration and Production

Rigzone

JULY 18, 2025

Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? million stock tank barrels. Welligence is a market intelligence firm focused on the upstream oil and gas sector. Welligence is a market intelligence firm focused on the upstream oil and gas sector.

Oil

Rigzone

JUNE 16, 2025

Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp.

Offshore

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Encino assets offer a rare combination of scale, liquids-rich production and development upside. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries.

IT

Rigzone

JULY 25, 2025

“Eni and Sonatrach undertake to consolidate cooperation for the enhancement of Algerian energy resources through new contracts aimed at encouraging an increase in gas production, and the extension of gas supply contracts for export to Italy”, Eni said in a statement online. Sonatrach announced four other awards.

Energy

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel.

Offshore

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million barrels of oil equivalent) in Triassic reservoir rocks.

Oil

Valor

JULY 21, 2025

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close. million bpd and a 68% gas price hike will boost gas output to 105.9

Energy

Rigzone

JULY 30, 2025

Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.

Energy

Rigzone

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

Oil

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. holds 49 percent.

Upstream

Rigzone

JULY 28, 2025

Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. In its quarterly update, Ovintiv reported that its average production for the three months ended June 30 was 615,000 barrels of oil equivalent per day (615 Mboe/d). million cubic feet per day of natural gas.

Exploration and Production

Rigzone

AUGUST 4, 2025

“This is another success in what has been an exceptional year so far for our exploration team,” the energy giant said in a statement. “Our ambition is to explore the potential of establishing a material and advantaged production hub” in Brazil. BP’s 2030 production target - 2.3 million to 2.5

Exploration and Production

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

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

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.

Completion

Oilfield Technology

AUGUST 4, 2025

The project adds 20 000 boe/d of gross peak annualised average production at the existing Argos platform. Argos, which began production in 2023, is bp’s fifth operated production platform in the Gulf of Mexico with a gross production capacity of up to 140 000 bpd.

Exploration and Production

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

Rigzone

JULY 30, 2025

Image by DINphotogallery via iStock Tokyo, Japan-based Inpex Corporation said it has acquired stakes in several oil and gas assets in the Norwegian Sea. With the acquisition of the new stakes, IIN’s oil and gas production volume will increase to about 27,000 barrels per day (bpd) from approximately 23,000 bpd, the company said.

Exploration and Appraisal

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. and Repsol Resources UK Ltd.

Completion

Rigzone

JULY 29, 2025

Crude and condensate production slumped to 1.63 million barrels per day, down 8.6% Natural gas output was almost 3.6 As part of the plan, Pemex will open some key oil and gas fields to joint investment projects with private sector partners in a bid to boost production. to develop offshore gas assets.

Finance

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

JUNE 23, 2025

The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. The DDCV floats vertically and is nearly 150 feet in diameter, incorporating both drilling and production facilities.

Exploration and Production

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year.

Exploration and Production

Oil & Gas Journal

JULY 28, 2025

July 28, 2025 2 min read 95931355 © Alena Redchanka | Dreamstime.com Woodside Energy has let a contract to Weatherford International plc to deliver managed pressure drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico. The service provider said in a July 28 release. First oil is targeted for 2028.

Exploration and Production

Rigzone

JUNE 9, 2025

“The Murlach Field Development Project is a really significant North Sea project and to have our slab gate valves playing such a vital part in its operational safety is a great reflection of the trust the industry has in our products,” David Gallagher, Project Director of BEL Valves, said in the release. in [a] GBP 5 million ($6.7

Oil