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Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.
After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. Suriname, a small country with a population of less than 700,000, which is among South Americas poorest, is believed to possess petroleum
Chevron Namibia Exploration Limited considers drilling the well in 2026 or 2027 in Petroleum Exploration License 82 in the Walvis Basin, Reuters quoted Chevrons Namibian subsidiary as saying. With this programme, Chevron continues to activate its strong and growing exploration portfolio, according to a company statement.
With superior well economics and a large contiguous footprint, it anchors investment confidence in the Williston. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The new MarkWest, aka MPLX, plays on a much larger stage now, including the ownership and operation of major assets in the Permian Basin.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy).
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
Most Petroleum engineers would laugh at you if you suggested that you could learn about well production behavior in the Williston from historic production in the Eagleford however that’s exactly what we’re finding after building a “Giga Model” of all the Unconventional oil wells in the Lower 48. (OK The result?
Governor Greg Abbott was in Midland recently to sign new legislation for oilfield theft protection in the Permian Basin. The governor’s office said, “Organized criminals and cartels have increasingly targeted oil pipelines and storage tanks, stealing millions of dollars from communities in the Permian Basin.” The post Gov.
ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
Covering 30% of the KCA to the north, there exists a large, deep Miocene-age basin named the Soltvadkert Trough, which is analogous in many respects to the petroleum play elements in the Kiskunhalas Trough. The area has no existing deep drilling and is largely unexplored, covered only by old 2D seismic.
and Permian Basin. Occidental Petroleum reported 28 rigs (weekly average of 27.0 In the Permian Basin as of July 4, ExxonMobil led with a weekly average of 35.9 Permian in rig count; Permian reports decline in permits appeared first on Permian Basin Oil and Gas Magazine. ExxonMobil is the only one of the top seven U.S.
This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford. The Utica and Uinta Basin are gaining attention, despite offering significantly less scale.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford and Permian basins each dropped three rigs, the Granite Wash basin dropped one rig, and the Cana Woodford and Haynesville basins each added two rigs. In the research note, the J.P.
Houston-based 1PointFive, subsidiary of Occidental Petroleum, said Tuesday that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal credits over 10 years enabled by direct air capture. STRATOS is under construction in Ector County in Permian Basin. STRATOS is under construction in Ector County in Permian Basin.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. The PBR status and Permian Basin location make it a strategic fit for Spirit’s PDP-focused operating model.
million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. million b/d appeared first on Permian Basin Oil and Gas Magazine. crude oil production reached a record of 13.47 Energy Information Administration. That topped the record of 13.45 million b/d from March. percent to 5.77 The post U.S.
Four new members will be added to the Petroleum Hall of Fame Thursday at Bush Convention Center in Midland. Worthington were selected by the board of the Permian BasinPetroleum Museum. It became one of the largest private oil and gas companies in the Permian Basin drilling thousands of wells across west Texas.
On March 17, 2025, in the capital Luanda (Angola), Xuan Thien Group and the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG) signed a joint research investment project to … Read More The post ANGOLA: Xuan Thien Group to Explore Oil and Gas in the Etosha/Okavango basin appeared first on oilnewsafrica.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
Occidental Petroleum and Permian Resources. The post Lawsuits against producers for inflating prices combined in federal court in NM appeared first on Permian Basin Oil and Gas Magazine.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. The post Evolution Petroleum acquires oil, gas assets in Chaves, Roosevelt counties in NM appeared first on Permian Basin Oil and Gas Magazine. Closing is expected in 3Q.
Occidental Petroleum (NYSE: OXY) has showcased a strategic shift in its 2025 operational and financial approach, emphasizing efficiency and disciplined capital management. This decision stems from continued operational efficiency gains and schedule optimization in the Permian Basin and Gulf of America.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars.
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. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. miles northeast of Mentone, TX, this facility sits in the heart of the Delaware sub-basin. Morely Hamilton CTB and SWD Permit #145807 – Situated ~2.0
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. It’s been a momentous 2025 for the wireline niche. on April 15.
The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. Dennis Johnsonfounder, chairman, and CEO of Summit Petroleum LLCis someone who fits that description.
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Permian basin dropped two rigs, the Granite Wash basin cut one rig, the DJ-Niobrara basin added three rigs, and the Cana Woodford, Eagle Ford, Haynesville, and Mississippian basins each added one rig.
Summary : While an Iranian closure of the Strait of Hormuz, where 20% of world petroleum passes, could push oil to triple digits, the U.S. The laws authorize DPS to inspect cargo tanks and increase theft penalties, with fines reaching up to $100,000 for the illegal transport or purchase of petroleum. So does the U.S.
Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance. Phillips 66 also saw weaker refining margins, particularly in the Gulf Coast and Atlantic Basin, though its $796 million in Q1 net income was buoyed by solid midstream and chemical performance.
The award was announced last week at the Permian Basin environmental regulatory seminar. Stephen Robertson, executive vice president of Permian BasinPetroleum Association, added, By adapting conveyor technology … Atlas has significantly reduced truck traffic on public roads in Permian Basin.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
Oil majors ExxonMobil and Occidental Petroleum are the top operators in Permian Basin, according to a report May 27 from Enverus. and Permian, Permian tops in frac crews appeared first on Permian Basin Oil and Gas Magazine. The report said as of May 23 the latest weekly averages of active drilling rigs were 35.0 for Occidental.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Elk said the assets in DJ Basin include a mix of current production, near-term activity through DUC wells (drilled but uncompleted) and long-term growth through undeveloped locations.
As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port.
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. The prospective resources shown in theNSAI Report have been estimated using probabilistic methods and are dependent on a petroleum discovery being made.
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