Rigzone

JUNE 19, 2025

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

Exploration and Production

Rigzone

JUNE 30, 2025

by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.

Upstream

Enverus

MAY 28, 2025

Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. From AI-powered trading to clean fuel strategies, our attendees are not just adapting to change—they’re leading it.”

Energy

Rigzone

JULY 25, 2025

Image by Fahroni via iStock Italy’s Eni SpA and Algeria’s Sonatrach SpA have signed a memorandum of understanding (MoU) to strengthen collaboration in hydrocarbons and renewable energy. billion cubic meters per year by 2028, with total investments of more than $8 billion”, Eni said. Sonatrach announced four other awards.

Energy

Oil & Gas 360º

JUNE 19, 2025

is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil The conference is free for qualified investment professionals.

Energy

Oil & Gas 360º

JULY 18, 2025

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. energy sector. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4

Oil

Rigzone

JULY 30, 2025

Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.

Energy

Rigzone

JUNE 30, 2025

Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. percent stake.

Exploration and Production

Rigzone

JULY 4, 2025

The company said in a media release production resumed following major site upgrades in 2024 and 2025. The newly installed equipment and facilities are functioning well and ongoing adjustments are being made to optimize production, it said. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Exploration and Production

Aresco

JULY 14, 2025

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. A Catalyst for an Industry The success at Bibi Heybat transformed Baku from a quiet town into one of the most dynamic energy hubs in the world.

Oil

Oil & Gas 360º

JULY 16, 2025

They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. An oil sands mine has big initial start-up costs but once it is operational, it can run for decades with very low production decline rates.

Oil

Oilfield Technology

JUNE 27, 2025

Maria Phase 2 is a four well subsea tie-back to existing infrastructure in Harbour’s operated Maria field. Maria Phase 2 is a four well subsea tie-back to existing infrastructure in Harbour’s operated Maria field. Production from the first well was delivered safely, on time and to budget. Already a member?

Hydraulic Fracturing

Rigzone

JUNE 27, 2025

The consortium forwarded the development plan to Norway’s Energy Ministry on Thursday, the majority state-owned energy major said. It expects the project to start production 2029. Fram West and Fram East started production 2003 and 2006 respectively. Var Energi ASA owns 40 percent.

Exploration and Production

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel.

Offshore

Oil & Gas 360º

JUNE 12, 2025

This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. We drive innovation in the digital space,” said Shawn Stasiuk, Halliburton’s vice president of Production Enhancement. “We

Hydraulic Fracturing

Egypt Oil & Gas

JULY 22, 2025

The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project. He also highlighted the need for enhanced cooperation in projects aimed at increasing local natural gas production, reducing import costs, and encouraging further investments in the sector.

Natural Gas

Oilfield Technology

JULY 2, 2025

During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production. h/d with an average flow-rate of 43 bpd gross during the period. Already a member?

Hydraulic Fracturing

Oil & Gas Journal

JULY 29, 2025

July 29, 2025 4 min read Rystad Energy Floating vs. onshore LNG utilization rates Floating liquefied natural gas (FLNG) terminals are increasingly making their mark on the global LNG market, with projections from Rystad Energy indicating that their capacity could triple by 2030. million tpy recorded in 2024.

Energy

Rigzone

JULY 30, 2025

The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. First Half Updates In 2025, PTTEP, in partnership with Eni Algeria Exploration B.V.

Exploration and Production

Rigzone

JULY 18, 2025

“Drilling of ‘Ain Dar began in 1948, with production starting in 1951 at an extraordinary rate of 15,600 barrels per day (bpd) of ‘dry oil’- which contains only a small amount of basic sediments,” the story noted. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Oil

Rigzone

JUNE 16, 2025

Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40 percent TotalEnergies) which achieved first production this year, Anchor (37.14

Offshore

Oil & Gas Journal

JULY 28, 2025

July 28, 2025 Map from BW Energy, June 2025 investor presentation BW Energy said it was preparing to spud the Kharas appraisal well in this year’s second half in the northwest corner of Kudu. Kudu gas field, discovered in 1974, lies about 130 km offshore in the southern parts of Namibia and contains an estimated 1.3 14, 2021 ).

Exploration and Appraisal

Oilfield Technology

JULY 16, 2025

Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180 000 bpd of oil, 7.2 Upon completion, the P-78 will transit to the Buzios field, where Seatrium will conduct the final phase of offshore commissioning works.

Hydraulic Fracturing

Rigzone

JUNE 16, 2025

Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 Sval Energi CEO Halvor Engebretsen will lead the enlarged North Sea business as the managing director for DNO Norge AS, according to the release.

Energy

Rigzone

JUNE 9, 2025

has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas explorer and producer said in an online statement Monday. The field produces medium crude.

Upstream

Rigzone

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. The development of its north Jalo field alone would add 100,000 barrels. Waha Oil Co.,

Oil

Oilfield Technology

JULY 1, 2025

Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6% Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027.

Hydraulic Fracturing

Rigzone

JUNE 19, 2025

Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund. All comments are subject to editorial review.

Oil

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2

BCF

Oil & Gas Journal

JULY 29, 2025

Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. Woodside and ExxonMobil Australia each hold 50% participating interest in the GBJV and 32.5%

Exploration and Production

Oilfield Technology

JUNE 30, 2025

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. Viaro also plans to progress the nearby Blackadder exploration prospect, which is geologically analogous to Selene and well-positioned near existing Viaro infrastructure.

Energy

Rigzone

JULY 15, 2025

Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). As of January 1, net 2P reserves and 2C resources across the fields totaled 7.5

Exploration and Production

Oil & Gas Journal

JULY 23, 2025

Alex Procyk July 23, 2025 Map from TotalEnergies Key takeaways TotalEnergies has started production from the Begonia and CLOV Phase 3 projects offshore Angola. Total production from the projects is 60,000 b/d. Total production from the projects is 60,000 b/d. Photo from TotalEnergies. 3, 2021 Map from TotalEnergies.

Offshore

Valor

JUNE 23, 2025

holds a key weapon in its massive shale energy output. oil-and-gas exploration stocks amid the recent tensions. To expand US critical mineral supplies, Chevron will leverage its drilling expertise and utilize advanced direct lithium extraction (DLE) technologies for future production. Shale’s ability to add 4.2

Energy

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields.

Midstream

Oilfield Technology

JUNE 20, 2025

The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. million bbl of oil equivalent in Triassic reservoir rocks. nozzle opening.

Exploration and Appraisal

Rigzone

JULY 23, 2025

The agreement, which covers the current Duyung Production Sharing Contract (PSC) period until January 2037, provides for a total contact quantity of 392 trillion British thermal units (Btu), or the sale of 111 billion Btu per day, Conrad said in a news release. Financial terms of the agreement were not disclosed.

Field