Remove Basin Remove Exploration and Appraisal Remove Natural Gas
article thumbnail

Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.

article thumbnail

TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. percent stake during the exploration and appraisal phases. percent stake during the exploration and appraisal phases.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First-half 2025 natural gas price volatility down in US

Oil & Gas Journal

Since 2022, natural gas markets have experienced a series of extremes, including both unusually high and low inventory levels, which contributed to elevated price volatility. At the end of first-quarter 2025, US Lower 48 natural gas storage volumes were 4% lower than the 5-year average. 24, 2025.

article thumbnail

Japan's Inpex Acquires Stakes in Several Norwegian Sea Assets

Rigzone

Further, the acquisitions are expected to expand Inpex’s business portfolio in the future through the development of the Mistral and Slagugle oil and gas discoveries, as well as the potential for exploration and development in the surrounding areas, the release said.

article thumbnail

Buru Tweaks Timeline for Australia's Rafael Gas Project

Rigzone

has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027. has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027.

Gas
article thumbnail

Woodside lets pressure drilling contract for Trion deepwater development

Oil & Gas Journal

Crude is expected to be shipped to international markets, and the development is expected to include 18 wells (9 producers, 7 water injectors, 2 gas injectors) drilled in the initial phase, with a total of 24 wells drilled over the life of the project. First oil is targeted for 2028. Woodside Petróleo Operaciones de México, S.

article thumbnail

Santos Inks Preliminary Deal to Supply ENGIE with Narrabri Gas

Rigzone

0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Inks Preliminary Deal to Supply ENGIE with Narrabri Gas by Jov Onsat | Rigzone Staff | Tuesday, August 05, 2025 | 3:12 AM EST French utility ENGIE has committed 100 percent of the purchase - up to 20 petajoules a year of natural gas for 10 years - to Australia.

Gas