Egypt Oil & Gas

APRIL 13, 2025

Khalda Petroleum Company (Apache) has successfully made three new oil and natural gas discoveries in its concession areas in the Western Desert. These discoveries are set to add approximately 12 million barrels of oil equivalent (mboe) in reserves, with 4 mboe deemed recoverable.

Petroleum 59

Petroleum Gas Oil Natural Gas 59

Oil & Gas 360º

MARCH 10, 2025

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

E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MAY 27, 2025

(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. Most forecasts for the region agree that growth in production is about to slow down further, and Wood Mac is no exception.

Barrel 130

Barrel Consulting Oil Basin 130

Oil & Gas 360º

APRIL 2, 2025

The assets were purchased from Occidental Petroleum Corp. A press official for Carlyle Group declined to comment.SierraCol, which produces around 45,000 barrels of oil equivalent a day (boed), also declined to comment. As we find assets and room to increase exploration and reserves, we will do so gradually, Roa said Tuesday.

Natural Gas 130

Natural Gas Oil Petroleum Barrel 130

Egypt Oil & Gas

MARCH 25, 2025

Khalda Petroleum Company Chairman Saeed Abdel Moneim reviewed the most important performance indicators and targets for the next fiscal year (FY), indicating that it is planned to invest approximately $1 billion during FY 2024/25.

Petroleum 52

Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

Oil & Gas 360º

MAY 5, 2025

The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed.

Oil 130

Oil Barrel Field Basin 130

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. Ojulari most recently served as chief operating officer of Renaissance Africa Energy Co.,

Oil 130

Oil Exploration and Production Government Refinery 130

RBN Energy

APRIL 14, 2025

Its the most expensive NGL, accounting for more than 25% of the value of a weighted average barrel. And its the most misunderstood of the NGLs, going by different names depending on the market and geography, with a chameleon-like characteristic that allows it to be transformed into various products.

Exploration and Production 75

Exploration and Production Petroleum Barrel Transportation 75

Oil & Gas 360º

APRIL 10, 2025

Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. It is targeting 365 million barrels ofunrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9

Exploration Well 130

Exploration Well Petroleum Spud-in Exploration and Production 130

Oil & Gas 360º

MAY 12, 2025

(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). CanCambria Energy Corp. About CanCambria Energy Corp.

Gas 130

Gas Exploration and Appraisal Energy Energy 130

Oil & Gas 360º

MAY 29, 2025

In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the million barrels of oil equivalent (“boe”) for the well. the “Paradox project”).In

BCF 130

BCF Energy Energy Condensate 130

Egypt Oil & Gas

MARCH 24, 2025

Minister of Petroleum and Mineral Resources Karim Badawi confirmed that integrating new gas wells within the tenth phase of the West Delta Deep Marine (WDDM) development area into the production map and their connection to the national natural gas network represents a significant milestone for the sector.

Exploration and Production 52

Exploration and Production Condensate Natural Gas Gas 52

Egypt Oil & Gas

APRIL 14, 2025

Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. Badawi opened the session by expressing his gratitude for the effective and successful partnership forged with international companies.

Energy 71

Energy Energy Exploration and Production Petroleum 71

Oil & Gas 360º

JUNE 3, 2025

mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly).

Royalty 130

Royalty Energy Energy Basin 130

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.

Energy 130

Energy Energy Exploration and Production Natural Gas 130

Egypt Oil & Gas

MARCH 8, 2025

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.

Field 52

Field Infill Drilling Exploration and Production Petroleum 52

Rextag

DECEMBER 18, 2024

In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. Production in the U.S.

Exploration and Production 52

Exploration and Production Hydraulic Fracturing Gas Oil 52

Egypt Oil & Gas

APRIL 10, 2025

Malaysian Petroliam Nasional Berhad (PETRONAS) and Vietnam Oil and Gas Group (PETROVIETNAM) have signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and the Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for an additional 20 years. The KPA was signed in Hanoi by Datuk Ir.

Exploration and Production 52

Exploration and Production Field Petroleum Upstream 52

Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

Oil 52

Oil Exploration and Production Gas Basin 52

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? Exxon comes next: the U.S.

Oil 52

Oil Royalty Exploration and Production Government 52

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 40

Basin Oil Gas Exploration and Production 40

Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41

Energy 52

Energy Energy Barrel Natural Gas 52

Iraq Business News: Oil & Gas

MARCH 20, 2025

Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 By John Lee.

BBL 64

BBL Exploration and Production Operator Pipeline 64

Oil & Gas 360º

MARCH 27, 2025

oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. to become the worlds top oil producer, stealing market share from the Organization of the Petroleum Exporting Countries (OPEC) and other top producers.

Oil 130

Oil Basin Barrel Hydraulic Fracturing 130

Oil & Gas 360º

MAY 19, 2025

oil production despite President Donald Trumps drill, baby, drill slogan. benchmark WTI crude prices at $60 per barrel, its mostly hold, baby, hold in the American shale patch, where output in the major basins except the Permian has already started to level off or drop. production overall would peak between 2027 and 2030.

Oil 130

Oil Crude Oil Barrel Basin 130

Oil & Gas 360º

MAY 15, 2025

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021.

Oil 130

Oil Exploration and Production E&P Barrel 130

Oil & Gas 360º

MAY 14, 2025

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021.

Oil 130

Oil Exploration and Production E&P Barrel 130

Oil & Gas 360º

MAY 7, 2025

Global oil prices hit a four-year low on Monday after the Organization of the Petroleum Exporting Countries and its allies, known together as OPEC+, agreed to another accelerated oil output hike for June. per share, on Tuesday that beat analysts expectations, and achieved its highest-ever first-quarter production of 853,000 barrels per day.

IT 130

IT Oil Refinery Petroleum 130

Oil & Gas 360º

MARCH 12, 2025

He has urged energy companies to boost fossil fuel production and promised to bring down prices for consumers. On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. The UAE is a member of the Organization of the Petroleum Exporting Countries. million bpd.

Energy 130

Energy Energy Natural Gas Exploration and Production 130

Permian Basin Oil and Gas Magazine

APRIL 28, 2025

crude production, which could easily push crude prices lowerinto this second quarter of 2025, as supply would likely then outpace demand. Strategic Petroleum Reserve (SPR) right to the top and export American energy all over the world. President Trump is calling on OPEC to increase U.S.

E&P 59

E&P Exploration and Production Basin E&A 59

Oil & Gas 360º

APRIL 8, 2025

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 gas exploration and production in Alaska.

Oil 130

Oil Exploration and Production Barrel Petroleum 130

Oil & Gas 360º

MARCH 10, 2025

Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. Crude prices hit a three-year low below $70 a barrel this week after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to go ahead with a planned April output increase.

Oil 130

Oil Barrel Natural Gas Energy 130

The Energy Law

OCTOBER 26, 2020

oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. Due to the sharp increase in oil and gas production, the U.S.

Gas 40

Gas Oil Energy Energy 40