Offshore Engineer

JUNE 20, 2025

Only three months after coming on stream, Equinor’s Johan Castberg field in Barents Sea has started producing at peak capacity of 220,000 barrels of oil per day…

Field 73

Field Barrel Oil 73

OilPrice

MARCH 12, 2025

Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. mb/d currently to 2 mb/d in 2028.

Field 315

Field Shutdown Barrel Government 315

OilPrice

MARCH 14, 2025

Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. fields are already on shaky ground.

Oil 360

Oil Field Barrel IT 360

Oil & Gas 360º

JUNE 23, 2025

“Facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria,” said the African Energy Chamber (AEC) in a statement. “As The terminal itself boasts a storage capacity of 750,000 barrels.

Field 130

Field Instrumentation Transportation Operator 130

OilPrice

APRIL 8, 2025

Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.

Field 177

Field Exploration and Production Gas Oil 177

OilPrice

MAY 23, 2025

Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

Condensate 350

Condensate IT Oil Crude Oil 350

OilPrice

MAY 22, 2025

Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.

Refinery 324

Refinery Oil Petroleum Field 324

Oil & Gas 360º

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million daily barrels within a year, according to Seliman. The development of its north Jalo field alone would add 100,000 barrels. million bpd.

Exploration and Production 130

Exploration and Production Oil Barrel Field 130

OilPrice

APRIL 18, 2025

Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024.

IT 292

IT Oil Natural Gas Field 292

OilPrice

APRIL 21, 2025

Chevron and TotalEnergies just flipped the switch on oil production from the Ballymore project in the deepwater Gulf of Mexico, with the project expected to pump around 75,000 barrels of oil per day at its peak.

Oil 282

Oil Field Barrel IT 282

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. Mohammed Shia’ Al Sudani, H.E.

Field 130

Field Oil Exploration and Production Barrel 130

Rigzone

JUNE 26, 2025

Within three to four months after the start of production, Var Energi expects to raise production by approximately 80,000 barrels of oil equivalent per day (boepd) gross.

Field 62

Field Energy Energy Barrel 62

Oil & Gas 360º

JULY 1, 2025

million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. Most of the increase came from Tengiz—the Chevron-led mega-field—where output surged from 813,200 bpd in May to 953,000 bpd in June. (Oil Price) – Kazakhstan’s crude oil output jumped 7.5% in June to 1.88

Oil 130

Oil Condensate Crude Oil Barrel 130

BOE Report

MAY 20, 2025

billion barrels in Turkey’s southeastern Diyarbakir Basin, the Turkish energy minister said. Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin. oil producer Continental Resources estimates there is a shale oil reserve of 6.1

Barrel 111

Barrel Oil Basin Crude Oil 111

Rigzone

JUNE 30, 2025

Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. 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. percent stake.

Exploration and Production 106

Exploration and Production Exploration Well Field Barrel 106

Oil & Gas 360º

MARCH 18, 2025

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. thousand barrels of oil equivalent per day (boed). During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd.

Field 130

Field Exploration and Production Oil E&P 130

Permian Basin Oil and Gas Magazine

JUNE 24, 2025

Houston-based EON Resources, independent upstream energy company with properties in Permian Basin, said last week that subsidiary EON Energy agreed with WPP NM and Northwest Central to acquire all their interests in South Justis field in Lea County, N.M. EON is acquiring 5,360 leasehold acres with a total of 208 wells.

Field 40

Field Basin Energy Energy 40

Rigzone

JUNE 20, 2025

Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report. TotalEnergies’ other producing fields in Algeria are the Timimoun gas fields (37.75 TotalEnergies owns 26.4

Exploration and Appraisal 108

Exploration and Appraisal Exploration and Production Field Basin 108

OilPrice

APRIL 3, 2025

Production next year, however, is expected to rise to 1.775 million barrels daily as a result of development of new strategic projects and the eventual incorporation of additional fields if exploration proves favorable, Instead of 1.8

Exploration and Production 209

Exploration and Production Oil Crude Oil Finance 209

Iraq Business News: Oil & Gas

JULY 7, 2025

The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah , Saba [Subba], and Garraf [Gharraf]. In the Subba field, eight wells were linked and a new separation station was commissioned, increasing output from 8,500 to 30,000 bpd.

Field 59

Field Completion Associated Gas Operator 59

Enverus

JUNE 19, 2025

Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. Current market conditions suggest oil should be trading in the high $70s to low $80s per barrel based strictly on current OECD crude and product stock levels.

Energy 130

Energy Energy Barrel Supply Chain 130

OilPrice

MAY 28, 2025

This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high-specification refinery, and building a 620,000 tonnes annual capacity petrochemical plant, according to Iraqs Oil Ministry.

Refinery 189

Refinery Energy Energy Petroleum 189

OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party. We are in phases of discussions with the majors, we are having an open dialogue, energy minister Almasadam Satkaliyev said, as quoted by Reuters,

Oil 193

Oil Field Barrel Government 193

Rigzone

JUNE 23, 2025

The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels, according to the statement, which showed that the preliminary reported total volume of natural gas in the state during the same month was 918.4 The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.

Gas 103

Gas Oil Natural Gas Crude Oil 103

Iraq Business News: Oil & Gas

JUNE 24, 2025

Total exports of crude oil: 101,630,925 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,365,335 barrels. Exports to Jordan amounted to 309,906 barrels. Exports from Qayyarah were 955,684 barrels. This implies an average price per barrel of approximately $62.56.

Oil 59

Oil Crude Oil Barrel Field 59

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. “We have a large portfolio of projects that will phase in discoveries to our producing fields. kilograms of carbon dioxide per barrel of oil equivalent.

Exploration and Production 103

Exploration and Production Barrel Oil Gas 103

Rigzone

JUNE 9, 2025

Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas explorer and producer said in an online statement Monday. The field produces medium crude. The Panyu field has produced over 380 million barrels of petroleum since coming online 2003 according to the company.

Upstream 98

Upstream Exploration and Production Field Oil 98

OilPrice

APRIL 21, 2025

In a modest sign of recovery, Harouge Oil resumed production at its Amal Fields B-102 well, pumping 1,500 barrels per day. However, the black-market rate has soared to over 7.20 dinars per dollar, reflecting deepening economic instability.? While this development

Oil 167

Oil Field Barrel IT 167

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. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.

Field 75

Field Oil Exploration and Production Government 75

Rigzone

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million barrels a day. million daily barrels within a year, according to Seliman. Libya currently pumps about 1.4 Waha Oil Co.,

Oil 83

Oil Exploration and Production Barrel Field 83

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. These resources include: 0.5

Exploration and Production 78

Exploration and Production Barrel Government Field 78

Rigzone

MAY 29, 2025

million barrels of recoverable oil equivalent along the eastern flank of the already producing Brage field. OKEA made a discovery that is estimated to hold 300,000 to 2.8

Field 70

Field Oil Barrel 70

Oil & Gas 360º

MARCH 6, 2025

billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. had until April 4 to make the payment. Its been pledged as part of a $3.2

Oil 233

Oil Field Barrel Government 233

Iraq Business News: Oil & Gas

MARCH 26, 2025

Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. Iraq's Prime Minister, Mohammed S.

Field 63

Field Oil Associated Gas Crude Oil 63

Iraq Business News: Oil & Gas

MAY 31, 2025

The Iraqi Ministry of Oil has announced that crude oil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first phase of a broader integrated development plan. By John Lee.

Field 59

Field Oil Crude Oil Engineer 59

Rigzone

JUNE 27, 2025

Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.

BCF 62

BCF Field Natural Gas Exploration and Production 62

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund. million barrels of oil equivalent) in Triassic reservoir rocks. The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7

Oil 104

Oil Exploration and Appraisal Exploration and Production Exploration Well 104