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
Exxon is reportedly in talks with the government of Trinidad and Tobago for oil exploration in up to seven offshore blocks, according to unnamed sources who spoke to Reuters. Per the report, the Trinidad and Tobago blocks are in close proximity to Exxon’s Stabroek block offshore Guyana. “We
Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan Fidan said during a visit to Pakistan on Wednesday. Earlier this…
Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya. Separately, the Libyan oil…
Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country, a spokesperson for the state-owned oil firm told Reuters on Wednesday. The agreement could be renewed twice for two years, and the state oil firm renewed the deal in March.
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S. oil majors are holding the better hand in the world of E&P.
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. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters.
(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025.
Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. This is the first natural gas exploration by the former… Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A.
Understanding uranium enrichment is essential for anyone following developments in alternative energy production, international security, and the complex balance of global power. This comprehensive guide will explore the fundamentals of uranium enrichment,…
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. Libya is currently running its first tender for energy exploration contracts since the 2011 civil war. The North African nation has pumped about 1.2 million to 1.3
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. Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea.
Equinor and its partners in the exploration and production license have hit natural gas in the Skred prospect, in a well drilled 23 kilometers (14 miles) north of the Johan Castberg field and 210 kilometers (130 miles) northwest of Hammerfest, a major gas export facility in Norway, the Norwegian Offshore Directorate said on Thursday.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
percent stake during the exploration and appraisal phases. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report. square miles) onshore Algeria. France’s TotalEnergies will serve as operator with a 24.5
(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. ” Closing Bell Story Exploration & Production (E&P) Featured Natural Gas United States methane emissions Permian Basin To put the numbers into perspective, the 28.8
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
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.
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
The meeting addressed the state’s efforts to secure citizens’ needs for petroleum products and provide natural gas to various state sectors, especially the electricity sector. Discussions also covered updates on exploration activities and added petroleum reserves.
Chevron’s foray into the fastest-growing exploration and production spot globally could also be a sign of what’s to come for the biggest international oil and gas majors. Following the completion of Chevron’s acquisition of Hess Corporation, the U.S. Big Oil may be looking to acquire…
“Higher weekend production prints, inconsistent LNG, and milder weather sparked the move lower,” he added. shedding 15 CDDs week over week hampering the sustainability of bullish chances” “Production readings may also show renewed strength next week, offering further downside risks,” Rubin warned.
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
In an update note ahead of the Q2 results due out on July 24, the French supermajor said that its exploration and production earnings are expected to reflect the $7 per barrel decline in oil prices in the second quarter compared to the first quarter. Brent Crude prices averaged $67.90
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.
. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company. Grow production and profitability. Build a long-lived, scaled portfolio.
Publisher’s Note: Anschutz Exploration will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. A vertical well might only intersect a few feet of that productive layer. Anschutz Exploration Corp., one of Wyoming’s top oil producers, is pushing that envelope.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
We estimate that levelized production costs for a first-of-a-kind, commercial-scale (more than 50 megawatts) next-generation geothermal facility in the United States could range from $75 to $120 per megawatt-hour. Exploration, drilling, and power plant capital expenditures could make up more than 70 percent of costs.
CanCambria Energy is a publicly traded exploration & production company focused on high-quality European tight-gas projects with direct access to profitable markets.
Prime Minister Mohammed Shia Al-Sudani received Richard Howe, Executive Vice President of Shell , on Thursday to discuss expanding cooperation in Iraq's energy sector and exploring further investment opportunities.
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.
“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.
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. hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.
Let’s explore where natural gas is found, both on a global scale and right here in the U.S. sources include: The Marcellus Shale (Appalachia) – Stretching across Pennsylvania, West Virginia, and Ohio, this is one of the most productive natural gas fields in North America. But where does it actually come from?
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.
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the…
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?
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the…
“The Johan Castberg volume base originally estimated at 450-650 million barrels, our clear ambition is to increase the reserves by another 250-550 million barrels”, said Grete Birgitte Haaland, Equinor senior vice president for exploration and production North. feet) below the seabed.
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.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
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