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Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea. Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday.
Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats.
1 is seen as a cornerstone of China’s efforts to strengthen energy security and reduce reliance… The project, China’s largest deepwater gas development to date, officially reached full capacity on June 26, according to CNOOC officials cited by China Daily. With total geological reserves exceeding 150 bcm, Deep-Sea No.
Shell sees the start-up of the Bonga North deepwater oil and gas field by 2027, while TotalEnergies expects the Ubeta gas field to also begin production by that year, the top executives of the Nigerian units of the supermajor told an energy conference in Nigeria.
Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen.
Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The expected start-up of the Bacalhau field, operated by Norways Equinor, is set
Pittsburgh International Airport, in partnership with Duquesne Light Company (DLC) and IMG Energy Solutions, a Liberty Energy company, on April 29 announced an expansion of a solar field as part of the airports energy innovation plans.
(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan.
The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. The latest Middle East conflict is injecting new uncertainty into global energy markets.
Hart Energy reports that Expand Energy, formed by the combination of Chesapeake Energy and Southwestern Energy, drilled a massive 5.6-mile Expand’s Shannon Fields OHI #3H well, located in Ohio County, WV, has a 29,687-ft lateral. The post Expand Energy Drilled 5.6-Mile The post Expand Energy Drilled 5.6-Mile
Vår Energi has entered into a collaboration agreement with TechnipFMC Norge for delivery of subsea projects utilizing its integrated model to fast-track future developments…
Vår Energi and Kistos Energy Norway have started production through Jotun floating production, storage and offloading (FPSO) unit at the Balder field in the North Sea…
Equinor Energy owns 45 percent of the Fram Sør project, Vår Energi ASA holds 40 percent and INPEX Idemitsu Norge AS has 15 percent. The plan for development and operations was submitted on Thursday to Norway’s Minister of Energy. The Troll field…
Imagine a field of solar panels floating silently in the endless day of Earths orbit. Unlike their terrestrial cousins, this space-based solar array never faces nighttime, clouds, or atmospheric interference. […] The post Space-Based Solar Power: The Future of 24/7 Clean Energy Generation appeared first on POWER Magazine.
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.
Amid the escalating conflict in the Middle East, Italian energy major Eni has reduced the number of staff at the Zubair oil and gas field in Iraq as a precautionary measure, an Eni spokesperson told Reuters on Monday. The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. CanCambria Energy Corp. About CanCambria Energy Corp. CanCambria Energy Corp. Register to attend.
Centrica has announced plans to sell off a big chunk of its holding in the Cygnus gas field in the southern North Sea. The deal will see Spirit Energy a subsidiary of Centrica offload its 46.25 per cent stake in the site for around 215m to Ithaca Energy. Cygnus is one of the largest gas fields in the UK section
Renewable energy sources now make up about 30% of the world’s generated power and are set to more […] The post Converged Field Area Networks: Modernizing the Grid for a Sustainable Future appeared first on POWER Magazine. We’ve come a long way since the first waterwheel in 200 BC.
Within three to four months after the start of production, Var Energi expects to raise production by approximately 80,000 barrels of oil equivalent per day (boepd) gross.
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 Gatti served on the Board of Helix Energy Solutions Group, Inc.
Located approximately 100 kilometers north of the Snhvit field, Castberg is now the second operational oilfield in Norways Barents Sea, following Vr Energi's Goliat field, which began production in 2016. The Johan Castberg field is based on three key
News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. When field services and customer service come together successfully, theres no telling what might happen.
Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2
Site selection, permitting, financing, and associated infrastructure to support moving field gas to your site; essentially 7-10 years worth of work and trouble before you ever make a dime. So the desire and the rationale are there, but youd like to avoid some of the headaches associated with building a liquefaction facility.
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says.
Baker Hughes, an energy technology company, has secured a contract from Equinor to provide its plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf…
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. The document outlines a framework for how the energy companies might work together and assess a range of technical data.
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says. Both TotalEnergies and BW Energy are set to make
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.”
Turkeys state energy firm TPAO will sign a partnership deal with UK-based supermajor BP and with Azerbaijans state oil and gas company Socar for the development of a natural gas field in the Azeri sector of the Caspian Sea, Turkish Energy Minister Alparslan Bayraktar said on Monday.
Houston-based EON Resources, independent upstream energy company with properties in Permian Basin, said last week that subsidiary EON Energy agreed with WPP NM and Northwest Central to acquire all their interests in South Justis field in Lea County, N.M. EON is acquiring 5,360 leasehold acres with a total of 208 wells.
The lithium iron phosphate market share continues to grow, and demand in the energy storage field will exceed 1,000GWh Asdestockinggraduallycomestoanend,theprosperityofthelithiumironphosphateindustryisexpectedtofurtherimprove.GuotaiJunansaidthatlithiumbatteryisasectorw.
Natural gas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. Iran – The South Pars/North Dome field, shared with Qatar, is the largest gas field in the world. But where does it actually come from?
(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. BP is one of the major developers of the Alberta Oilsands, and a global energy company based in the UK. Mohammed Shia’ Al Sudani, H.E.
Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has pushed back the drilling of appraisal well Chuditch-2…
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS BW Opal FPSO Arrives at Barossa Field, Commissioning Underway by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:53 AM EST The platform's arrival keeps Barossa LNG on track to start production in the third quarter.
(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.
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