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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

The document outlines a framework for how the energy companies might work together and assess a range of technical data. Ever since the civil war, which led to a slump in Libya’s production by about 18-fold to around 100,000 bpd in 2011, output has been volatile. The North African nation has pumped about 1.2 million to 1.3

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Connecting Producers and Partners With a Digital Gathering System

Enverus

The large-scale flow of revenue statements, JIBs, division orders, and 1099s (among many other document types) not only poses risks from theft or loss of royalty checks and PII, but workflows also grind to a halt as accounting and well data trickle in. What Is P2P?

Royalty 130
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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

McMullen, commented, “With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet.” First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas.

Basin 130
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The First Oil Well in the World – Bibi Heybat

Aresco

Travelers from Europe and Asia documented the strange black liquid bubbling from the earth, and it was often linked with mysticism due to its connection with fire temples and natural burning gas vents. But it wasn’t until the 19th century that the true potential of the region’s oil wealth began to be understood and harnessed.

Oil 111
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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. Cash flow from the Williston production will be used to fund the planned Paradox Basin development.

Energy 130
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.

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Touchstone Posts Production Numbers from Trinidad Asset

Rigzone

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.