OilPrice

APRIL 23, 2025

Crude burnthe direct use of crude oil in power plants and industrial facilities, primarily for electricity generationhas long been a staple in Saudi Arabias energy mix. The kingdom burns significant volumes of oil to meet domestic electricity demand, which hovers around 171 terawatt-hours (TWh).

Natural Gas 219

Natural Gas Gas Crude Oil Field 219

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.

Field 130

Field Exploration and Production Oil E&P 130

Oil & Gas 360º

MARCH 26, 2025

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.

Field 130

Field Oil Exploration and Production Barrel 130

Oil & Gas 360º

JULY 9, 2025

(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

Exploration and Production 130

Exploration and Production Field Oil Natural Gas 130

Oil & Gas 360º

JUNE 20, 2025

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.

Offshore 130

Offshore Exploration and Production Field Instrumentation 130

Rigzone

JUNE 23, 2025

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 natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

Gas 103

Gas Oil Natural Gas Crude Oil 103

Iraq Business News: Oil & Gas

JUNE 24, 2025

Iraq's Ministry of Oil has announced finalised oil export volumes for May. Total exports of crude oil: 101,630,925 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,365,335 barrels. Exports to Jordan amounted to 309,906 barrels. Exports from Qayyarah were 955,684 barrels.

Oil 59

Oil Crude Oil Barrel Field 59

OilPrice

MAY 30, 2025

Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33

Oil 162

Oil Crude Oil Natural Gas Field 162

Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.

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Upstream Gas Oil Field 246

Oil & Gas 360º

JULY 2, 2025

The sum will be partly used to develop companies such as Akakus, which operates Sharara — Libya’s largest oil field — in a joint venture that includes TotalEnergies, Repsol SA, OMV AG and Equinor ASA as well as Libyan state companies. Waha Oil Co., The development of its north Jalo field alone would add 100,000 barrels.

Exploration and Production 130

Exploration and Production Oil Barrel Field 130

Oil & Gas 360º

JUNE 12, 2025

We built the digital environment down to the field level and enable our customers to test their best ideas.” Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

Hydraulic Fracturing 130

Hydraulic Fracturing Completion Crude Oil Natural Gas 130

Oilfield Technology

JUNE 9, 2025

Trelleborg Fluid Handling Solutions a global leader in the supply of field-proven large-bore flexible bonded hoses for crude oil and chemicals, has published a report that reveals significant opportunities for Floating Production Storage and Offloading (FPSO) owners to reevaluate their reeling hose selection and unlock greater operational value.

Operator 52

Operator Crude Oil Field Oil 52

Egypt Oil & Gas

JUNE 12, 2025

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.

Petroleum 52

Petroleum BBL Crude Oil Completion 52

Oil & Gas 360º

MAY 29, 2025

Under the OPEC+ agreement, Kazakhstans crude oil production quota is below 1.5 Last week, Akkenzhenov said that Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field. million tons of crude oil and condensate in 2025, or about 2 million bpd, which would be 9.7%

Oil 130

Oil Condensate Crude Oil Field 130

Iraq Business News: Oil & Gas

MARCH 26, 2025

Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz.

Field 63

Field Oil Associated Gas Crude Oil 63

Iraq Business News: Oil & Gas

MAY 31, 2025

The Iraqi Ministry of Oil has announced that crude oil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first phase of a broader integrated development plan. By John Lee.

Field 59

Field Oil Crude Oil Engineering 59

BOE Report

MAY 20, 2025

oil producer Continental Resources estimates there is a shale oil reserve of 6.1 Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin. “Turkey’s current annual (crude) oil import amounts [Read more]

Barrel 111

Barrel Oil Basin Crude Oil 111

Oil Gas Leads

JULY 9, 2025

These permits—spanning both natural gas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States. 10145 Liquids Common Carrier Eagle Ford Crude Line 30.59

Midstream 52

Midstream Pipeline Gas Basin 52

Rigzone

JUNE 27, 2025

Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.

BCF 62

BCF Field Natural Gas Exploration and Production 62

Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - Southern Region , adding 95 km west of the Diyala River. According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.

Field 52

Field Oil Petroleum Crude Oil 52

Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields.

Crude Oil 52

Crude Oil Oil Petroleum Field 52

Oil & Gas 360º

MARCH 6, 2025

Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. had until April 4 to make the payment. Its been pledged as part of a $3.2

Oil 233

Oil Field Barrel Government 233

Aresco

JULY 14, 2025

While this site is historically significant, it is not the true birthplace of the oil well. This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years.

Oil 59

Oil Field Mechanic Engineering 59

Oil & Gas 360º

MAY 30, 2025

(Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33

Oil 130

Oil Exploration and Production Crude Oil Government 130

Rigzone

JULY 14, 2025

A report sent to Rigzone by the Standard Chartered Bank team on the same day showed that Standard Chartered sees the ICE Brent nearby future crude oil price averaging $61 per barrel and the NYMEX WTI basis nearby future crude oil price averaging $58 per barrel this year.

Oil 62

Oil Barrel Crude Oil Consulting 62

Enverus

MAY 28, 2025

Andrew McMurray, CEO of ShearFRAC, said, “Enverus was the obvious choice for us as a technology service business in the oil field services space. Collectively, these organizations represent: 60% of North American crude oil production 56% of natural gas production $12.1

Energy 130

Energy Energy Exploration and Production BBL 130

Oil & Gas 360º

JUNE 16, 2025

Once the prospective area is fully interpreted, a resource assessment will be conducted to support the addition of new well locations to the field development plan (FDP). CanCambria has licensed high-quality 2011 vintage 3D seismic over the area and is preparing to reprocess and merge with new proprietary 3D data volumes.

Energy 130

Energy Energy Exploration and Production Basin 130

Oil & Gas 360º

MARCH 12, 2025

(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

Oil 130

Oil Field Barrel Consulting 130

Iraq Business News: Oil & Gas

FEBRUARY 26, 2025

This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 103,343,193 barrels. Exports from the oil fields in central and southern Iraq amounted to 102,310,248 barrels. Exports to Jordan amounted to 309,980 barrels. Exports from Qayyarah were 722,965 barrels.

Oil 73

Oil Crude Oil Barrel Field 73

Oil & Gas 360º

MARCH 6, 2025

Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libyas ability to meet both domestic and export demands. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

Exploration and Production 130

Exploration and Production Oil Field Offshore 130

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. A mere two years later, over-extraction drove the field into decline. There are signs that the peak is already at hand.

Oil 130

Oil Barrel Field Basin 130

Oil & Gas 360º

MAY 30, 2025

(World Oil) – Exxon Mobil Corp. said it will be business as usual in its massive Guyana oil field if it loses its arbitration case against Chevron Corp. and Hess Corp.

Operator 130

Operator IT Casing Field 130

Oil & Gas 360º

MARCH 10, 2025

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

E&P 130

E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MARCH 25, 2025

The Starmer government has signaled it recognizes the importance of local energy production despite a strong anti-oil activist lobby that has been hard at work to discourage any concessions to the industry. This support, apparently, can be ensured by tapping new resources in deposits adjacent to already producing fields.

Gas 130

Gas Oil IT Energy 130

Oil & Gas 360º

MAY 12, 2025

However, Brazils typical crude grades for export are classified as medium-sweet oil from its prolific offshore fields known as pre-salt. What we export to China is mainly crude oil from the pre-salt, its not bitumen, Petrobras CEO Magda Chambriard told reporters on the sidelines of a conference in Houston last week.

Oil 130

Oil Crude Oil Finance Government 130

Oil & Gas 360º

MARCH 13, 2025

The FPSO will remain at its current location, supporting operations at the Cascade field (Walker Ridge 206 and 250) and Chinook field (Walker Ridge 469 and 425) in the Gulf of America. BW Offshore will continue to provide operations and maintenance services under a new five-year reimbursable contract.

Oil 130

Oil Exploration and Production Offshore Barrel 130

Oil & Gas 360º

JUNE 19, 2025

His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.

Energy 130

Energy Energy Exploration and Production E&P 130