Oil & Gas 360º

MAY 8, 2025

For two months in a row, the Organization of the Petroleum Exporting Countries and its allies have agreed to make super-sized production increases that surprised traders and drove down prices. million barrels a day of crude this month. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.

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IT Oil Condensate 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. The post Khalda Petroleum Investments to Reach $1B in 2024/25 first appeared on Egypt Oil & Gas.

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Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

Iraq Business News: Oil & Gas

MAY 1, 2025

Iraq'sMinistry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. Source: Ministry of Oil) The post China's EBS signs Amendment to East Baghdad Oil Field Contract first appeared on Iraq Business News.

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Field Oil Petroleum Technician 52

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.

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Field Infill Drilling Exploration and Production Petroleum 52

Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.

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E&P Exploration and Production Oil Field 130

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.

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Field Gas Petroleum Finance 45

Oil & Gas 360º

MAY 5, 2025

(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. There are signs that the peak is already at hand.

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Oil Barrel Field Basin 130

Oil & Gas 360º

MAY 7, 2025

Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9 million standard cubic feet per day (“mmscf/d”) and 856 barrels of oil per day (“bopd”)) on a 18/64-inch choke setting, which was achieved with no material drop in bottom hole pressure.

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Energy Energy Exploration and Production Condensate 147

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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Crude Oil Oil Field Petroleum 52

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. BCF natural gas and 53.2

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Gas Exploration and Appraisal Energy Energy 130

Egypt Oil & Gas

APRIL 20, 2025

The new drilling rigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.

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Drilling rig Operator Petroleum BBL 52

Egypt Oil & Gas

MARCH 16, 2025

The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to start production, according to Shana.

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Field Utilities Crude Oil Petroleum 52

Oil & Gas 360º

MAY 29, 2025

.” State 36-2R well evaluation The Zephyr team has conducted an integrated post well evaluation incorporating all geological, geophysical and engineering data gathered from the State 36-2R well and from the greater field area. million barrels of oil equivalent (“boe”) for the well. Total Gross equivalent (MMBOE) 32.5

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BCF Energy Energy Condensate 130

Oilholics Synonymous Report

FEBRUARY 14, 2025

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.

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Gas Oil Government Energy 130

Egypt Oil & Gas

MARCH 26, 2025

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.

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Refinery Petroleum Completion Field 52

Egypt Oil & Gas

APRIL 10, 2025

Spanning over 2,000 km of offshore fields along the maritime border between Malaysia and Vietnam, the PM3 CAA stands as a model of long-standing cross-border energy cooperation. Bacho Pilong, Senior Vice President of Malaysia Petroleum Management (MPM) at PETRONAS, and Le Manh Cuong, Vice President of PETROVIETNAM.

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Exploration and Production Field Petroleum Upstream 52

Oil & Gas 360º

APRIL 17, 2025

Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the worlds largest fields and covering extensive areas, likely extends into Angola. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9

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Basin Oil Petroleum Gas 130

Exprodat

JUNE 5, 2025

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.3, With Unconventionals Analyst 3.3, Book a demo with our team.

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Gas Oil Barrel Management 52

Exprodat

JUNE 5, 2025

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.3, With Unconventionals Analyst 3.3, Book a demo with our team.

Gas 52

Gas Oil Barrel Management 52

Iraq Business News: Oil & Gas

MAY 21, 2025

Iraq's Ministry of Oil has signed a major contract for the South Basra Integrated Project with a consortium comprising China's Geo-Jade Petroleum and Iraq's Crescent Basra (Hilal Al-Basra). The project includes: Increasing production at Al-Tubba [Tuba] field from 20,000 to 100,000 barrels per day (bpd). By John Lee.

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Energy Energy Refinery Petroleum 49

Rextag

DECEMBER 18, 2024

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally. BP (British Petroleum) Central to the success of the BTC Pipeline, which diversified Europes oil supply routes. million barrels of oil equivalent by 2005. shale revolution.

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Hydraulic Fracturing Exploration and Production Gas Oil 52

Oil & Gas 360º

MAY 15, 2025

Field Operating Income is a common metric used in the oil and natural gas industry to assess the profitability and efficiency of the Companys field operations. The following table reconciles Field Operating Income to the nearest GAAP measure. McDaniel & Associates Consultants Ltd., and www.strathconaresources.com.

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BBL Natural Gas Oil Operator 130

Drillers

MARCH 24, 2020

The country’s first field began producing in 1958 at a rate of 5,100 BPD. That was formed in 1977 under the name National Nigeria Petroleum Company. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

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Oil Royalty Exploration and Production Government 52

Oil & Gas 360º

JUNE 3, 2025

Mineral interests offer the highest form of security and upside in the oil field, and any and all benefits an operator manages to unlock accrues directly to the mineral holder without any capital risk, forever. an independent petroleum engineering firm, and comply with definitions promulgated by the SEC. mboe/d) Approximately 16.1

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Royalty Energy Energy Basin 130

Rextag

FEBRUARY 24, 2025

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source.

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Basin Oil Gas Exploration and Production 40

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.

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Oil Exploration and Production Gas Basin 52

The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. Following the spill, the U.S. Coast Guard designated Settoon the OPA Responsible Party.

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Oil Crude Oil Education Petroleum 40

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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Energy Energy Exploration and Production Natural Gas 130

Iraq Business News: Oil & Gas

MARCH 20, 2025

Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl By John Lee. Shares were trading up more than two percent at lunchtime. million in 2024 (2023: $50.1

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BBL Exploration and Production Operator Pipeline 64

Permian Basin Oil and Gas Magazine

MAY 1, 2025

Industry-Related Issues From the start of the 140-day session, the overall goal of the Permian Basin Petroleum Association (PBPA) has been to support legislation that promotes the safe and responsible development of the natural resources found in the Permian Basin, said PBPA Executive Vice President Stephen Robertson.

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Basin Abandonment Operator Oil 52

Oil & Gas 360º

APRIL 9, 2025

West Texas Intermediate prices in the low $60-per-barrel range would likely cause U.S. WTIclosedbelow $60 a barrel Tuesday, down about 15% since Trump announced his tariff plan. Even oil field service providers, typically among the first firms to get hit when crude prices decline, are better prepared than previously, Tertzakian said.

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Oil & Gas 360º

JUNE 13, 2025

Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output. The National Iranian Oil Refining and Distribution Company said refining facilities and oil storage did not sustain any damage in the attacks.

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Condensate Energy Energy Crude Oil 130

Energy Outlook Advisors

MAY 1, 2025

In mountains, oil and products move in barrels and containers on mules, often drone-monitored. In mountainous areas, oil and products are shipped in barrels and containers on mules, sometimes monitored by drones. Since then, Iran developed new fields producing crude suited for Chinese refineries. The year 2025 is not 2019!

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Oil Field Refinery API 269

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.

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