This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai … Read More The post NIGERIA: First E&P Reports Significant hydrocarbon Discovery in the Songhai Field, OML 85 (..)
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. MOL has ambitious E&P investment plans. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd.
bp, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya, it said in a statement on Tuesday. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”
(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. Calgary, Canada – September 21, 2012: BP’s Canadian head office in Calgary Alberta. Mohammed Shia’ Al Sudani, H.E.
from Repsol E&P S.a.r.l. The Corridor PSC has seven producing gas fields and one producing oil field, all located onshore in South Sumatra, Indonesia, MedcoEnergi said. The Corridor PSC has seven producing gas fields and one producing oil field, all located onshore in South Sumatra, Indonesia, MedcoEnergi said.
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. The development of its north Jalo field alone would add 100,000 barrels. Waha Oil Co.,
The Nigerian National Petroleum Company (NNPC) and its joint venture (JV) partner FIRST Exploration & Petroleum Development Company (FIRST E&P) have confirmed a
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.
The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energys working interest in Seagull from 35% to 50%, equalling bps interest as the field operator.
“This strong asset base will enable the company to continue to deliver operational efficiencies while pursuing organic growth” Repsol UK holds interests in 48 producing and non-producing oil and gas fields. NEO UK’s portfolio includes Penguins, Culzean, Gannet, Shearwater, Britannia Area and Elgin Franklin.
We built the digital environment down to the field level and enable our customers to test their best ideas.” Chevron’s hydraulic fracturing and subsurface knowledge is built into an algorithm to enable the advanced decision making. “We
Large public E&Ps are consolidating premium inventory in core regions like the Permian, where high-quality assets are scarce and valuations are steep. Private equity funding for E&P ventures has dropped sharply, especially outside the Permian. This concentration underscores a broader trend.
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.
Wood Mackenzie noted in its release that ExxonMobil found over eight billion barrels of new field resources on a net equity basis since 2015, which it said is more than any other company over the decade. Congratulations to John Ardill and the entire exploration team,” he continued.
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. Additional updates will be provided in the coming weeks.
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. A mere two years later, over-extraction drove the field into decline. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed.
Woodside is developing the field in partnership with Pemex. This contract follows another major contract from Woodside for the Trion development to the SLB OneSubsea joint venture in 2023, which includes subsea horizontal trees, controls and topside equipment. Manufacturing is currently on track. First production is targeted in 2028.
While liquid yields will vary across the field area and in time as the reservoir pressure drops during field production, the overall elevated liquid yields are expected to be a significant driver of enhanced project economics. Water cut was less than 0.5% Water cut was less than 0.5%
It also got an approval from the Iraqi government to start the development of two oil fields in the north. and its prolific assets in Guyana, and it just started a major expansion at the Tengiz field in Kazakhstan that will add 260,000 bpd to the mammoth fields production. BP is very much back.
He also expressed interest in expanding partnerships and exploring new opportunities to support future growth in the Egyptian natural gas exploration and production fields.
The total includes 613 to drill new oil or gas wells, 15 to re-enter plugged wellbores, 5 field transfers, 1 reclass and 62 for re-completion. This is lower than other months, where the figure has exceeded 70%, including 74.7% in February, 72.4% in January and 71.5% in March 2024.
In particular, Viaro will prioritise the development of the Selene discovery – one of the largest gas fields in the UK Southern North Sea in the past decade.
.” State 36-2R well evaluation The Zephyr team has conducted an integrated post well evaluation incorporating all geological, geophysical and engineering data gathered from the State 36-2R well and from the greater field area. The key results from the evaluation are set out below. Gross Recoverable Condensate (MMBC) 3.5
CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. Dr. Paul Clarke, CEO & President, stated: We are very pleased that this report supports CanCambrias technical assessment of the field and development plan. for un-risked case.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” on April 15. The family also operates Underdog Rentals.
Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. The company’s top tier technologies leverage real-time data to deliver innovative solutions to maximize customer returns. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.
Mr. Bayon is a mechanical engineer who began his career in 1991 with Shell in field operations and projects and then moved to bp where he worked for 21 years in increasingly important operational and management roles in Colombia, Argentina, Brazil, Bolivia, the U.S. in partnership with Oxy a project that grew from 0 to ca. and the U.K.,
TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. (Oil & Gas 360) – CanCambria Energy Corp.
Infrastructure constraints , especially in remote fields like Sunrise, Altares, and Town. Whether youre a directional driller, frac crew, water hauler, or E&P investor knowing where the backlog is can be the key to targeting the right accounts and fields for the months ahead.
By Leta Seletzky : In Seagull Energy E & P, Inc. Railroad Comm’n, No. 03-0364, 2007 WL 1299163 (Tex. The petitioner also asserted that the Commission’s denial of the permit amounted to an unconstitutional taking of gas in the sand from which the well would produce.
Additionally, the two oil and gas leaders reviewed opportunities for Halliburton to enter the field of exploration and production (E&P) through the opportunities available on Egypt Upstream Gateway (EUG). The meeting further discussed leveraging Halliburton’s expertise in developing brownfields.
The discovery “involved a small quantity that was initially seen as commercially unattractive to develop into a production field”, Staatsolie said. Paradise Oil Co. NV, a subsidiary of Suriname’s state-owned Staatsolie Maatschappij Suriname NV, owns 20 percent.
The Permian basin has become one of the most productive oil fields in the world, Fig. Who’s to say it won’t happen again in the face of these new predictions of peak oil? The Texas success story. This American energy renaissance largely occurred in Texas.
(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). As a result, we are excited to be entering into a strategic MOU with ANPG.
Even post-privatization, Continental reportedly continues hefty investment in its home state fields – their 2023 drilling count (dozens of wells) and sustained rig fleet confirm this. is a large private E&P traditionally known for its Permian Basin operations, but it has also emerged as a major driller in Oklahoma’s Anadarko region.
The field represents Chevrons first development in the Norphlet geological trend, highlighting its expanding technical reach and exploration success in the region. holding a 60% working interest, with TotalEnergies E&P USA, Inc. Partnership and Ownership The project is operated by Chevron U.S.A. owning the remaining 40%.
Leading producers include: EOG Resources SM Energy Magnolia Oil & Gas Lewis Energy Group Crescent Energy Kimmeridge Texas Gas (KTG) GeoSouthern Energy II New entrants like Black Mountain Oil & Gas , Rosewood Resources , and Mitsui E&P USA have also joined the play, according to Texas Railroad Commission (RRC) filings.
Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. It also includes the distribution and sale of these products to consumers.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. Market capitalization is a supplementary financial measure.
This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. The Diamondback drillbit remains Vipers biggest competitive advantage and the most visible source of long-term production growth at Viper.
24] Defendants’ expert testified that the property was outside the core Haynesville Field and, therefore, less valuable. [25] EP Energy E&P Co., Two experts testified that the $18,000 per acre paid by EXCO was the best evidence of the value of the lost-leasing opportunities. [24] 8 (citing La. 8 (citing La. 31:124, cmt.;
Leading producers include: EOG Resources SM Energy Magnolia Oil & Gas Lewis Energy Group Crescent Energy Kimmeridge Texas Gas (KTG) GeoSouthern Energy II New entrants like Black Mountain Oil & Gas , Rosewood Resources , and Mitsui E&P USA have also joined the play, according to Texas Railroad Commission (RRC) filings.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content