Oil & Gas 360º

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period. By Irina Slav for Oilprice.com

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Oil Gas IT Energy 130

Egypt Oil & Gas

JUNE 13, 2025

Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and natural gas following the Israeli military operation in Iran. Contracting new shipments and easing FSRUs are among these measures.

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Gas Exploration and Production Oil Natural Gas 52

Egypt Oil & Gas

APRIL 8, 2025

Chevron started its seabed survey operations in early summer, adhering to the timetable for the construction of a strategic pipeline that will connect the Aphrodite gas field in the Eastern Mediterranean to Egypt, according to a statement by the government of Cyprus.

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Natural Gas Field Pipeline Gas 66

Egypt Oil & Gas

MARCH 13, 2025

On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. The post Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025 first appeared on Egypt Oil & Gas.

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Field Exploration and Production Energy Energy 52

Rigzone

JUNE 19, 2025

Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.

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Offshore Oil Field Exploration and Production 62

Egypt Oil & Gas

MARCH 27, 2025

bp announced that it 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. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent (boe).

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Field Exploration and Production Oil Barrel 52

Egypt Oil & Gas

MARCH 11, 2025

Discussions focused on the German side’s potential purchase of Cypriot gas within the framework of the recently concluded agreement between Egypt and Cyprus to transport gas produced from Cypriot fields to Egypt via Egyptian liquefaction facilities.

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Field Exploration and Production Utilities Petroleum 52

Iraq Business News: Oil & Gas

MAY 8, 2025

Paul Weir, Chief Executive of Genel, said: " In line with expectations, the Tawke PSC continues to deliver consistent, reliable production and generate significant cash flow even at the discounted domestic sales prices.

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Energy Energy Exploration and Production Pipeline 97

Oil & Gas 360º

MARCH 31, 2025

In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.

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Oil Gas Field Natural Gas 130

Egypt Oil & Gas

APRIL 9, 2025

They discussed ways to enhance cooperation between the two countries in areas including exploration, field development, refining and petrochemicals, as well as LNG trade and marketing. Both ministers also discussed projects related to green hydrogen production and marketing.

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Exploration and Production Field Gas Petroleum 69

Oil & Gas 360º

JUNE 5, 2025

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. The short answer: oil production is not just a matter of geology—it’s a moving target shaped by economics, politics, innovation and infrastructure. oil production would peak in the early 1970s.

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Oil Natural Gas Hydraulic Fracturing Gas 130

Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. Achieving self-sufficiency in diesel and kerosene production. By John Lee.

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Gas Exploration and Production Pipeline Refinery 75

Egypt Oil & Gas

APRIL 20, 2025

He also showcased the company’s plans to expedite the development of the Harmattan natural gas field in the Eastern Mediterranean and capitalize on promising opportunities in Pharaonic Petroleum Company’s operating areas in Port Said.

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Exploration and Production Petroleum Natural Gas Gas 90

McKinsey

JUNE 13, 2025

Organizations that win will pair a clear strategy with tight feedback loops and disciplined governance, using agents to rethink how decisions are made and how work gets done—and turning novelty into measurable value. 3 “ The economic potential of generative AI: The next productivity frontier ,” McKinsey, June 14, 2023.

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Casing Exploration and Production Operator Government 144

Egypt Oil & Gas

MARCH 16, 2025

President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to address the status of the new exploration and drilling activities, particularly in the Fayoum 5 oil and gas field in the King Mariout area, to enhance Egypt’s oil and gas reserves.

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Exploration and Production Gas Oil Field 52

Egypt Oil & Gas

MARCH 12, 2025

They also emphasized the importance of accelerating the development of new discoveries and quickly linking them to existing facilities, which reduces production costs and the time it takes to bring wells into production to achieve optimal benefits in supporting domestic natural gas production.

Natural Gas 52

Natural Gas Gas Exploration and Production Energy 52

Rigzone

JUNE 19, 2025

Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petronas plans to start gas production 2031 if Sloanea 2 proves to be a commercial success. square miles).

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Offshore Exploration and Production Exploration Well Gas 62

Oil & Gas 360º

MARCH 10, 2025

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. million acres in Alberta. billion 1.

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Oil & Gas 360º

APRIL 1, 2025

is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. As in the past, we will continue to execute our value focused proven strategy that we believe best positions the Company for long-term success. ABOUT RING ENERGY, INC. Ring Energy, Inc.

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Basin Energy Energy Exploration and Production 130

Rigzone

JUNE 6, 2025

“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

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Exploration and Production Field Upstream Gas 52

The Energy Law

SEPTEMBER 21, 2015

Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. There were no field rules or special orders applicable to the Stiles Ranch Field.

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Field Exploration and Production Completion Gas 52

Iraq Business News: Oil & Gas

APRIL 2, 2025

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

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Royalty BBL Exploration and Production Government 45

Iraq Business News: Oil & Gas

MARCH 18, 2025

"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1

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Energy Energy Exploration and Production BBL 66

The Energy Law

AUGUST 29, 2014

The reorganization gave BSEE regulatory authority (PDF) over safety and environmental affairs for OCS exploration and production activities. DOI then restructured BOEMRE into three new Bureaus : BSEE, the Bureau of Ocean Energy Management (BOEM) and the Office of Natural Resources Revenue. 3304, issued June 29, 2010.

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Field Operator Casing Exploration and Production 52

Egypt Oil & Gas

MARCH 6, 2025

During the meeting, the Minister discussed to implement investment incentive programs in the oil and gas sector during the last eight months since the government was assigned , which clearly contributed to achieving positive indicators to accelerate drilling operations and production in many projects in cooperation with investment partners.

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Petroleum Exploration and Production Field Oil 52

Egypt Oil & Gas

MARCH 27, 2025

Referring to President Sisi’s directives of increasing spending on health, education, and social protection sectors and supporting productive and export sectors, the Minister affirmed that the constitutionally mandated spending on education, health, and scientific research has been met. In addition, some EGP 679.1

Petroleum 52

Petroleum Exploration and Production Natural Gas Education 52

Oil & Gas 360º

APRIL 23, 2025

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

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Gas Oil Exploration and Production BBL 100

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

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Oil Royalty Exploration and Production Government 52

Egypt Oil & Gas

APRIL 17, 2025

Notably, the project is part of a broader package of green initiatives adopted by the ministry through ECHEM to provide green, environmentally friendly products and reduce carbon emissions. It is greatly contributing to supporting local and international high-quality production.

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Petroleum Exploration and Production Mechanic Sustainability 59

Offshore Energies UK

MARCH 26, 2025

It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. Legacy Locker promotes open and collaborative practices in the traditionally closed sector of offshore oil production and this is recognised by many operators.

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Supply Chain Casing Exploration and Production Offshore 52

Offshore Energies UK

MARCH 26, 2025

It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. Legacy Locker promotes open and collaborative practices in the traditionally closed sector of offshore oil production and this is recognised by many operators.

Supply Chain 52

Supply Chain Casing Exploration and Production Offshore 52

Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3

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Basin Oil Gas Exploration and Production 40

IBM: Oil & Gas

SEPTEMBER 22, 2020

Between turbulent economic market conditions and the transformation of the global energy landscape, upstream oil and gas organizations face increasing pressure to exploit new finds and enhance recovery from existing fields. In this volatile business climate, data is a key differentiating asset.

Energy 40

Energy Energy Exploration and Production API 40

Rextag

FEBRUARY 17, 2025

Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Governments are struggling to build charging infrastructure, creating adoption barriers. 5) Governments Are Rolling Back EV Mandates The IEA assumes governments will aggressively push EV adoption, but real policies are shifting away from strict mandates.

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Completion Oil Energy Energy 40

Oil and Gas Investments

SEPTEMBER 17, 2024

With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 GSHR has only drilled 4km of the immediate 8km Moss corridorso LOTS of exploration potential left. GSHRs Moss deposit is 100 km west of a big resource hubThunder Bay, Ontario. Its close to very cheap power ($0.08/KwH)

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Exploration and Production Management Completion Infill Drilling 52

Iraq Business News: Oil & Gas

MARCH 20, 2025

We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl), primarily reflecting higher production and a continued focus on efficient operations Net capital expenditure of $18.3

BBL 64

BBL Exploration and Production Operator Pipeline 64

The Energy Law

OCTOBER 28, 2016

Hours before a controversial set of new reporting requirements for government contractors was set to take effect, a federal court in Texas enjoined implementation of the requirements across the country. The violations are analyzed and taken into consideration by the agencies in awarding contracts.

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Government Exploration and Production Education Field 40