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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 new wells are expected to produce approximately 220 billion cubic feet (bcf) of naturalgas and 7 million barrels (mmbbls) of condensate.
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major naturalgas 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.
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.
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 logistics components.
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 MTJDA is located in the southern part of the Gulf of Thailand.
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 condensate field is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru.
Brent Crude $66.90 +0.65% NaturalGas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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., the Australian company said Tuesday. the Australian company said Tuesday.
Scheduled to be operational in mid-2021, the station will refuel vehicles powered by liquified petroleumgas (LNG) and compressed naturalgas (CNG). The cryogenic condenser will enable boil-off gas […]. sk-Osowa, Poland.
Khalda Petroleum Company (Apache) has successfully made three new oil and naturalgas discoveries in its concession areas in the Western Desert. Khalda is currently assessing the volume of gas reserves linked to the new discoveries.
This phase involves the use of a floating processing unit in the offshore well area, located 220 km from the shore, to separate naturalgas and condensates. Furthermore, initial estimates indicate it will add approximately one trillion cubic feet (Tcf) of naturalgas to the field’s reserves.
(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). billion cubic feet (BCF) naturalgas and 66.5
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. As for the second half of the current fiscal year, it is planned to drill 29 crude oil and naturalgas wells.
. (“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 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
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 naturalgas network represents a significant milestone for the sector.
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.
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.
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