Oil & Gas 360º

MAY 30, 2025

Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and the complexity of the operating environment, the president of the Colombian Oil and Gas Association said, as quoted by Reuters. (Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68

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Rigzone

JUNE 5, 2025

“The margins are shrinking, the fields are getting smaller,” Taufik said. The oil price slump — coupled with declining output from its older assets — will pose a challenge for Malaysia’s government, which derived 10% of its revenue from Petroliam Nasional Bhd., the full name of the company, in 2024.

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Oil & Gas 360º

MAY 8, 2025

million barrels a day of crude this month. The nations planned production for May, including condensate that isnt counted in OPEC+ limits, will be about 2 millions barrel a day, according to Bloomberg calculations using Energy Ministry data and a tons-to-barrels conversion rate of 7.33.

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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).

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Oil & Gas 360º

MARCH 18, 2025

(BOE Report) – Kazakhstans energy minister will stand down from his role, the countrys presidential office said on Tuesday, as the government struggles to convince U.S. The Central Asian country produced 1.767 million barrels per day (bpd) in February, up from 1.570 million bpd in January. Its OPEC+ quota is 1.468 million bpd.

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Oil & Gas 360º

MARCH 27, 2025

Western companies have either sold or ceded energy assets to Russian firms and European governments have taken over units of Russian energy firms, while Moscow has taken retaliatory measures against Western companies with units in Russia. The company was renamed Sefe (Securing Energy for Europe), and the German government injected 6.3

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Iraq Business News: Oil & Gas

APRIL 3, 2025

Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG. By John Lee.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. mmtpa from 2026 for 14 years.

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Oil & Gas 360º

MAY 12, 2025

Washington has imposed sanctions on Venezuelan energy exports since 2019 to reduce the oil export revenue that funds the government of President Nicolas Maduro, who has held power for more than a decade with elections that observers say were fraudulent. This practice is known as spoofing. The Liberia-flagged tanker Karina loaded 1.8

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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. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.

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Oil & Gas 360º

MARCH 31, 2025

The supermajor just announced the final investment decision on a Trinidad and Tobago gas project, due to start producing in two years with a peak output of 62,000 barrels of oil equivalent daily. It also got an approval from the Iraqi government to start the development of two oil fields in the north. BP is very much back.

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Iraq Business News: Oil & Gas

MAY 20, 2025

The Kurdistan Regional Government (KRG) and Iraq's federal government have entered into a new dispute over the legitimacy of two major energy agreements signed with American companies. HKN Energy, in partnership with ONEX Group , announced the formation of a joint venture called Miran Energy to develop the Miran gas field.

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Energy Energy Government Natural Gas 64

Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels, the TEN field produced 5.02

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Offshore Energies UK

MAY 28, 2025

Independent producer Jersey Oil & Gas (JOG) is financially secure and funded for execution of the 70mn-barrel Greater Buchan Area redevelopment programme, it said May 28 as it announced its results for 2024 which it called a year of two halves.

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Egypt Oil & Gas

MARCH 24, 2025

aiming to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028). Hosseinzadeh noted that this plan will be achieved without using any government funds, relying solely on private sector participation, including petrochemical, steel, cement, and other industry investors.

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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. The country’s first field began producing in 1958 at a rate of 5,100 BPD. How did this happen? According to its OPEC file , the West African nation is home to 36.97

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Rigzone

JUNE 6, 2025

million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

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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.

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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.

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Supply Chain Casing Exploration and Production Offshore 52

Oil & Gas 360º

APRIL 1, 2025

Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.

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Iraq Business News: Oil & Gas

MARCH 7, 2025

Petrel has recently submitted an application to assume an existing contract east of Baghdad 4 th Bid round award in 2012, at a remuneration per barrel of $5.38.

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Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 This is a situation that we continue to work on closely with our peers and host government to resolve. Production costs (17.6) (18.0)

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Energy Energy Exploration and Production BBL 66

Oil & Gas 360º

APRIL 23, 2025

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells.

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Rextag

FEBRUARY 24, 2025

While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d in 2025. MMBbl/d in 2025. Chevrons St.

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Permian Basin Oil and Gas Magazine

MAY 12, 2025

Questions about Ownership and More Who owns the CO 2 , what happens to the remaining oil when that CO 2 is injected into partially depleted oil formations, and how long will there be government money to pay for it? With recent elections putting an oil-and-gas-friendly government in place, this change could be sooner than later, he said.

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Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. Boe may be misleading, particularly if used in isolation.

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The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. These types of damages, however, have long been prohibited under the general maritime law (the default body of federal common law governing maritime cases) under the familiar Robins Dry Dock rule. Following the spill, the U.S.

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Oil Crude Oil Education Petroleum 40

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. Governments are struggling to build charging infrastructure, creating adoption barriers. The affordability crisis in EVs is making government incentives unsustainable. Reality Check: U.S.

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Completion Oil Energy Energy 40

Iraq Business News: Oil & Gas

JUNE 21, 2025

CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by steady local demand and optimisation efforts. We are also continuing to engage with government stakeholders regarding an exports restart solution.

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Iraq Business News: Oil & Gas

MARCH 20, 2025

bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl .$27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 million in 2024 (2023: $50.1 bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl), million (2023: $58.2 bbl (2023: $40.9/bbl)

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BBL Exploration and Production Operator Pipeline 64

Permian Basin Oil and Gas Magazine

MAY 1, 2025

On April 23, Abbott signed the first law of this years legislative session, a bill creating a new regulation-cutting agency inspired by Elon Musks federal Department of Government Efficiency (DOGE). What this law is going to do is make government more efficient and less costly. million over the next five years.

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Oil & Gas 360º

MAY 9, 2025

(Oil & Gas 360) – Over the past few weeks, several headlines regarding the international oil business have surprised market watchers: A note on the news: Break-even oil prices- oil and gas 360 The news that the OPEC+ group decided to increase its production rate in May by 411,000 barrels a day (b/d). Iran exports 1.8 million b/d.

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Crude Oil Futures

APRIL 2, 2025

Dubbed "Liberation Day," the announcement introduced unprecedented reciprocal tariffs on imports from nearly every country, aimed at leveling the playing field for American exports. The tariff structure is as follows: a baseline 10% tariff applies to all imports into the U.S., with higher rates for key trading partners.

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Oil & Gas 360º

MARCH 10, 2025

President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S.

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