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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.
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. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Gatti served on the Board of Helix Energy Solutions Group, Inc.
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). Initial assessments indicate the seismic amplitude features, indicative of gas-charged reservoirs, are present over 25% of the KCA in the south.
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). CanCambria Energy Corp. for un-risked case.
He also expressed interest in expanding partnerships and exploring new opportunities to support future growth in the Egyptian natural gas exploration and production fields.
(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.
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%
.” 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
(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.
On the sidelines of his participation in the CERAWeek 2025 conference, in Houston, Karim Badawi, the Minister of Petroleum and Mineral Resources, held several meetings to boost cooperation and partnerships with international entities. The meeting further discussed leveraging Halliburton’s expertise in developing brownfields.
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. an independent petroleum engineering firm, and comply with definitions promulgated by the SEC.
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.
. “Its a revolution in energy policy that is unfolding… The industry is trying to catch its breath,” said Dan Yergin, the Pulitzer Prize-winning author and vice chairman of conference organizer S&P Global, in an interview. ” Rising costs in aging shale fields are also a challenge.
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