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Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. oil majors are holding the better hand in the world of E&P. According to Wood Mackenzie, crude and condensateproduction across the U.S. Right now, U.S.
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The signing formally initiates a four-year exploration period. Register to attend. CanCambria Energy Corp. About CanCambria Energy Corp.
The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project. He also highlighted the need for enhanced cooperation in projects aimed at increasing local natural gas production, reducing import costs, and encouraging further investments in the sector.
The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. The sellers, Hess (Bahamas) Limited and Hess Asia Holdings Inc.,
Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. This includes 211,000 barrels of oil and condensate per day (Mbbls/d), 96 Mbbls/d of other natural gas liquids, and 1.85
Today, let’s explore how natural gas dehydrators have transformed over the years, from their nascent stages to the sophisticated systems we see today. Early Refrigeration Methods Another early technique involved cooling the natural gas stream to condense the water vapor. The condensed liquids are then separated from the dry gas.
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. The Low-Temperature Separator (LTS): The now frigid, two-phase stream (gas and condensed liquids) enters the LTS.
(Oil & Gas 360) – CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”. About CanCambria Energy Corp. CanCambria Energy Corp.
We will explore the inherent challenges in gas separation, the mechanics of these innovative devices, and the tangible benefits they bring, including enhanced operational reliability, reduced maintenance, and superior product quality. Product Quality: Sales gas specifications demand very low levels of water and hydrocarbon liquids.
Image by bpawesome via iStock For the first time in more than a year, Petroleos Mexicanos has swung to a profit, a positive signal for the embattled state oil driller as President Claudia Sheinbaum’s administration seeks to raise as much as $12 billion to help pay down the company’s massive debts. Pemex posted a net income of 59.52
The company is currently producing gas and condensates from the operated blocks Aguada Pichana Este and San Roque, with a combined production of around 50 000 boe/d in TotalEnergies share in 2024. Completion of the transaction is subject to customary conditions. Please sign in or register for free. Already a member?
The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru. Buru eyes a 20-year production life. Earlier this month Buru said it had received government approval for a two-year extension of time for Rafael to apply for a production license.
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035. Abu Dhabi National Oil Co.
July 22, 2025 Norwegian Offshore Directorate Norway’s daily production averaged 1.854 million bbl in June 2024, the Norwegian Offshore Directorate (NOD) reported. Average daily liquids production in June consists of 1.675 million b/o, 174,000 bbl of NGL, and 5,000 bbl of condensate. Oilproduction in June is 3.1%
Interest in Canadian oil and gas assets grows as top U.S. investors — and even a few producers — is sweeping through Canada’s oil and gas sector, according to industry insiders. Geoff Cain, CEO of privately held Halo Exploration Ltd., plays mature A wave of renewed interest from U.S. attention is shifting north.
An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas. Please sign in or register for free. Already a member?
Alex Procyk July 21, 2025 2 min read Photo from Odfjell Drilling Vår Energi discovers gas-condensate west of Fenja field, drilled by the Deepsea Yantai drilling rig. million std cu m of oil equivalent (25-40 MMboe). million std cu m of oil equivalent (25-40 MMboe). The reservoir was about 145 m thick.
Insights on WCSB OilProduction Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
(Oil & Gas 360) CanCambria Energy Corp. It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9
(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Var Energi Makes Gas, Condensate Find Offshore Norway by Andreas Exarheas | Rigzone Staff | Wednesday, July 23, 2025 | 10:09 AM EST 'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productiveoil and gas plays in theU.S.
(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Register to attend.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. Register and reserve your room.
Khalda Petroleum Company (Apache) has successfully made three new oil and natural gas discoveries in its concession areas in the Western Desert. These discoveries are set to add approximately 12 million barrels of oil equivalent (mboe) in reserves, with 4 mboe deemed recoverable.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. million acres in Alberta.
(Oil & Gas 360) CanCambria Energy Corp. Membership includes major integrated energy companies, national oil companies, regional players, small to mid-size independents, niche players, and start-ups, as well as government licensing authorities. Visit [link] to learn more. About CanCambria Energy Corp. CanCambria Energy Corp.
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. ABOUT RING ENERGY, INC. Ring Energy, Inc.
(Oil & Gas 360) – CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. The CC-Ba-E-2 is the first of two initial appraisal wells the Company plans to drill with a planned total depth of 4,000 m. About CanCambria Energy Corp. CanCambria Energy Corp.
Minister of Petroleum and Mineral Resources Karim Badawi confirmed that integrating new gas wells within the tenth phase of the West Delta Deep Marine (WDDM) development area into the production map and their connection to the national natural gas network represents a significant milestone for the sector.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in Natural Gas Liquid (NGL) production is crucial for success in today’s competitive energy market. Lets look at some strategies and technologies for maximizing efficiency in NGL production, from advanced separation techniques to energy optimization and process control.
Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain.
Abdel Moneim stated that in the field of exploration and discovery, Khalda Petroleum Company achieved 10 oil discoveries during the first half of the current fiscal year. These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe).
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. This involves chilling natural gas to very low temperatures to condense NGLs, which are then separated and fractionated. FAQ Section Q.
“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. BP noted in its release that these projects are fully accommodated within its financial frame.
They are specifically designed to capture Volatile Organic Compounds (VOCs) that would otherwise escape into the atmosphere during the storage and transfer of petroleum products and other VOC-containing liquids. CondensationCondensation is a process that takes advantage of the physical properties of VOCs.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d of production before reaching a plateau of 7.7 tight oil plays.
In the heart of the Dallas oil and gas industry, Pro-Gas recognizes the increasing importance of sustainable and efficient operations. Today, we’re exploring the critical role of the Vapor Recovery Unit (VRU) in achieving both emissions reduction and optimal operational efficiency.
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. Cold Separator: Separating condensed NGLs from cold residue gas. Reach out today.
With topics ranging from offshore oil and gas moratoriums to restrictions on natural gas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. Antoinette Sedillo Lopez, SB 86 would add several new clauses and amendments to New Mexico’s Oil and Gas Act.
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