Oil & Gas 360º

APRIL 17, 2025

(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.

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Oil & Gas 360º

MARCH 18, 2025

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary.

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Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Egypt Oil & Gas

MARCH 25, 2025

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 natural gas wells.

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Oil & Gas 360º

APRIL 30, 2025

(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.

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Oil & Gas 360º

APRIL 22, 2025

(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.

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Oil & Gas 360º

APRIL 28, 2025

Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies.

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Oil & Gas 360º

MAY 27, 2025

(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. Output of crude oil in the play will plateau at 7.7

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Egypt Oil & Gas

APRIL 20, 2025

Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. The post Badawi Meets with ADES CEO, Discusses Drilling Operations first appeared on Egypt Oil & Gas.

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Oil & Gas 360º

APRIL 3, 2025

and previously led Shell Nigeria Exploration and Production Co. Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. Ojulari most recently served as chief operating officer of Renaissance Africa Energy Co.,

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Oil & Gas 360º

MAY 5, 2025

(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.

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Egypt Oil & Gas

MARCH 23, 2025

Prime Minister Mostafa Madbouly held a meeting to discuss various industry-related matters of significant importance with the Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Finance Ahmed Kouchouk, and other Egyptian officials.

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Oil & Gas 360º

MARCH 10, 2025

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.

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Oilholics Synonymous Report

SEPTEMBER 18, 2024

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. All at a time when oil prices are currently lurking around 2021 lows. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024.

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Oil & Gas 360º

JUNE 3, 2025

mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly). billion which equates to less than 1.0x mboe/d) Approximately 16.1

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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Oil & Gas 360º

MARCH 28, 2025

refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. (Investing) –HOUSTON – A U.S. federal judge trying to move ahead with an auction of shares in the parent of Venezuela-owned U.S.

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Iraq Business News: Oil & Gas

APRIL 2, 2025

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

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Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3

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Aresco

AUGUST 13, 2024

In addition to the potential for high returns, oil and gas investments also come with significant tax advantages, which further enhance their appeal. government offers a variety of tax incentives aimed at encouraging domestic energy production.

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

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Energy Outlook Advisors

MAY 14, 2025

Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. Historical evidence since the commercialization of the oil industry in 1859 indicates that the cost of high price volatility is very high for both producers and consumers.

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Oil & Gas 360º

MAY 19, 2025

(Oil Price) –The decline in oil prices and the prevailing uncertainty about the economy, trade, and supply chains are accelerating the peak in U.S. oil production despite President Donald Trumps drill, baby, drill slogan. oil production is being accelerated and could be sooner than previously expected.

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Oil & Gas 360º

MAY 15, 2025

A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, would make it easier for OPEC+ to balance the market. In the report, OPEC said it expected investment in exploration and production outside OPEC+ in 2025 to decline by about 5% year-on-year.

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Oil & Gas 360º

MAY 14, 2025

A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, would make it easier for OPEC+ to balance the market. In the report, OPEC said it expected investment in exploration and production outside OPEC+ in 2025 to decline by about 5% year-on-year.

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Oil & Gas 360º

APRIL 8, 2025

In Alaskas north, ConocoPhillips is developing the Willow oil project, which was approved by the Biden Administration in 2023. Australia-based Santos, for its part, is developing the Pikka project in the North Slope, with first oil expected next year.

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Oil & Gas 360º

MAY 6, 2025

The same memo detailed the changes envisaged in the bill as involving 30 oil and gas lease sales in the Gulf over the next 15 years plus six offshore lease sales in Alaska and four in the Arctic National Wildlife Refuge over the next ten years. Additionally, the proposal includes National Petroleum Reserve lease sales every other year.

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Valor

JANUARY 20, 2025

Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023. The report highlights significant discoveries and trends in the industry, providing insights into exploration activities worldwide.

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Oil & Gas 360º

MARCH 10, 2025

Crude prices hit a three-year low below $70 a barrel this week after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to go ahead with a planned April output increase. Even before that, lower oil prices in 2024 and rising costs for equipment and services had squeezed energy companies.

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