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Israeli authorities allowed the Chevron-operated Leviathan naturalgas and condensatefield to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. He also highlighted the need for enhanced cooperation in projects aimed at increasing local naturalgas production, reducing import costs, and encouraging further investments in the sector.
The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily naturalgas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.
Brent Crude $68.75 -0.77% NaturalGas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. crude oil production, including lease condensate, will average 13.37
announced a definitive agreement to acquire substantially all of Plains All American Pipeline’s Canadian naturalgas liquids (NGL) business, along with select U.S. Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76
The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest naturalgas producer in the country by output. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5
Brent Crude $78.03 +1.73% NaturalGas $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.
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 acquisition also contributes to the company’s growth. ” PTTEP CEO Montri Rawanchaikul said.
Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and naturalgas production figures. The RRC noted in the statement that crude oil and naturalgas production for March came from 157,192 oil wells and 83,898 gas wells.
In the dynamic and demanding world of naturalgas processing, the pursuit of efficiency is relentless. In the practical world of gas processing, however, it is a workhorse—a reliable and efficient method for chilling a gas stream simply by reducing its pressure.
NaturalGas $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.
At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. It is the essential step that ensures the naturalgas powering everything from massive power generation turbines to critical industrial engines is clean, dry, and delivered at the precise specifications required for optimal performance.
million standard cubic meters a day of gas in June. million standard cubic meters a day of gas in June. million standard cubic meters a day (MMscmd) of naturalgas in June, down for the fourth month in a row. “New production from the Johan Castberg field reaching plateau and Halten East contributed.
Crude and condensate production slumped to 1.63 Naturalgas output was almost 3.6 As part of the plan, Pemex will open some key oil and gasfields to joint investment projects with private sector partners in a bid to boost production. to develop offshore gas assets. Pemex posted a net income of 59.52
MBOE/d (24% oil, 52% naturalgas, 24% NGL), generating $241 million in revenue for the quarter. Notably, the Anadarko production mix is heavily naturalgas and NGLs , with only on the order of 14–16% oil – reflecting the liquids-rich gas character of the STACK’s Woodford/Meramec formations.
has adjusted the timeline for the development of the Rafael naturalgas project in Western Australia’s Canning Basin but still aims for a startup late 2027. The Rafael gas and condensatefield is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru.
naturalgas giant Expand Energy Corp. fields like the Permian Basin, investors are now turning their eyes to Canada’s Montney formation — a liquids-rich, cost-competitive naturalgas play straddling Alberta and British Columbia. formerly Chesapeake Energy) might be "looking up north" for acquisition opportunities.
will assume operatorship of the Gippsland Basin Joint Venture (GBJV) and Kipper Unit Joint Venture (KUJV), which account for 40 percent of naturalgas supply in the Australian east coast market, from Exxon Mobil Corp., In March 2022 Woodside announced further investment to deliver additional gas between 2023 and 2027.
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 naturalgas.
crude oil production, including lease condensate, rising to an average of 13.42 field production of crude oil, which was last updated on June 30 and which includes data from January 1920 to April 2025, showed that monthly U.S. field production of crude oil has averaged 13 million barrels per day or more on 20 occasions.
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project.
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.
billion cubic feet (BCF) naturalgas and 66.5 million barrels (MMBBL) condensate/naturalgas liquids (NGL) net to the company (un-risked). BCF naturalgas and 53.2 MMBBL condensate/NGL. The CHPE best estimate for Contingent Resource volumes (2C Development Pending) is 627.4 for un-risked case.
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. One critical, yet often overlooked, component in this journey is the fieldgas conditioner, also known as a JT skid. What is a FieldGas Conditioner?
billion cubic meters of naturalgas, was brought to the surface from Hungarian fields.” Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. The escalating global and local need for these versatile resources necessitates continuous advancements in our methods for naturalgas liquid separation.
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 naturalgas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
SAKHALIN-2 OIL AND GAS AND LNG PROJECT Kremlin-controlled energy giant Gazprom (MCX: GAZP ) in 2024 acquired a 27.5% stake, formerly owned by Shell, in Russian liquefied naturalgas (LNG) producer Sakhalin Energy for around $1 billion, according to a government order. OMV paid 1.75
Receiving approval for our initial appraisal well in the field is a significant milestone for CanCambria and we are excited to be able to commence drilling in the coming months. The Company has submitted its drilling application to the Directorate for its second appraisal well, CC-Ba-E-3, and expects to receive the permit in due course.
Unlocking the potential The countries of the region are keen to unlock the potential of their unconventional oil and gas resources. Saudi Arabia is home to the Jafurah gasfield, the largest liquid-rich shale gas play in the Middle East, estimated to contain more than 200 trillion scf of gas and 75bn bbl of condensates.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings.
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. Additionally, 60 recompletion operations were carried out, resulting in an achievement rate of 87% for crude oil and condensates, and 86% for naturalgas.
The Chairman of the Egyptian NaturalGas Company (GASCO) Yasser Salah El Din stated that the company is working on several strategic pillars of the Ministry of Petroleum and Mineral Resources (MoPMR), especially in meeting the gas needs of the local market and the country’s economic sectors. He highlighted that 1.9
In addition, we identified the opportunity to increase injection and production in the Oungre and Torquay fields by separating produced water from each formation, since combining the fluids creates an unusable emulsion. IP30 rates cited herein are comprised of over 97% light crude oil and just under 3% naturalgas. GJ to $3.35/GJ.
billion and that the company operates the Shah Deniz gasfield with a 29.999 percent participating interest. 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
NaturalGas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. Meeting the growing demand for NGLs requires increasingly sophisticated naturalgas liquid separation methods.
At offshore fields, water is abundantly available and at onshore fields drillers often use the water that comes out of the well along with the oil instead of disposing of it. It cannot be used in naturalgas reservoirs, for example. The most popular gas for gas injection recovery is carbon dioxide.
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