article thumbnail

BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

Initial assessments suggest gas volumes in place could exceed 1 trillion cubic feet, with up to 100 million barrels of associated condensate, Azule Energy said, adding that these results “confirm the presence of a working hydrocarbon system and open new exploration opportunities in the area.”

130
130
article thumbnail

2025-2026 Oil Market Outlook: An Update

Energy Outlook Advisors

Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. Russia's 2022 invasion of Ukraine and subsequent G7/EU sanctions on Russian crude and petroleum products created the largest dark fleet in history, reducing shipping data credibility.

Oil 201
Insiders

Sign Up for our Newsletter

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

article thumbnail

Grupa LOTOS, LOTOS Paliwa and Remontowa Sign Agreement to Build Pilot LNG Docking Station

NGT News

Scheduled to be operational in mid-2021, the station will refuel vehicles powered by liquified petroleum gas (LNG) and compressed natural gas (CNG). The cryogenic condenser will enable boil-off gas […]. sk-Osowa, Poland.

article thumbnail

Khalda Petroleum Company Makes 3 Oil, Gas Discoveries

Egypt Oil & Gas

Khalda Petroleum Company (Apache) has successfully made three new oil and natural gas discoveries in its concession areas in the Western Desert. The post Khalda Petroleum Company Makes 3 Oil, Gas Discoveries first appeared on Egypt Oil & Gas. Khalda is currently assessing the volume of gas reserves linked to the new discoveries.

article thumbnail

Kazakhstan says it has no plans to cut oil production this month

Oil & Gas 360º

Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.

article thumbnail

Chinese Firm Wins Iraq Gas Pipeline Project

Iraq Business News: Oil & Gas

Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, awarding the contract for crude gas pipelines to China Petroleum Pipeline Engineering (CPP) , with part of the work assigned to the State Company for Oil Projects (SCOP).

article thumbnail

CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

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.

Energy 130