Equinor Makes Gas Discovery Near Huge Arctic Oilfield
OilPrice
JULY 10, 2025
Equinor has made a gas discovery close to its Johan Castberg oilfield in the Barents Sea and will assess a potential tie-in to the now fully operational Arctic field.
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Oil majors compete for Libya’s first exploration tender since 2011 war
Oil & Gas 360º
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. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters.
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bp, Shell sign deals for Libya exploration and redevelopment
Oil & Gas 360º
JULY 9, 2025
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. Libya is currently running its first tender for energy exploration contracts since the 2011 civil war. million to 1.3
Permian methane emissions dropped 50% in two years, analysts say
Oil & Gas 360º
JULY 25, 2025
(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. “Methane emissions management is being increasingly normalized as part of field operations. To put the numbers into perspective, the 28.8
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Who is the Upstream Industry's Most Admired Explorer?
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.
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Where Is Natural Gas Found? Global Reserves and Local Sources
True Natural Gas
JULY 7, 2025
Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Iran – The South Pars/North Dome field, shared with Qatar, is the largest gas field in the world. Haynesville Shale (Louisiana and East Texas) – A rapidly growing region for dry gas production.
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Inpex Granted Production Concession for UAE Block
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.
How Canada’s oil sands transformed into one of North America’s lowest-cost plays
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.
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The First Oil Well in the World – Bibi Heybat
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. By the late 19th and early 20th centuries, Baku had become the beating heart of global oil production , producing more than half of the world’s oil by 1901.
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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso
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. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4 energy sector.
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Equinor Hits New Discovery in Johan Castberg
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 licensees will consider tie-in of the discovery to the Johan Castberg field”, said Equinor, which operates Johan Castberg with a 46.3
Production Resumes at Keddington Oilfield
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. hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.
Equinor Files Development Plan for Fram South in Norwegian North Sea
Rigzone
JUNE 27, 2025
It expects the project to start production 2029. "We have done a thorough job maturing the new resources discovered in the Fram and Troll area in recent years”, Kjetil Hove, Equinor executive vice president for Norwegian exploration and production, said in an online statement. Both are tied back to Troll C.
TotalEnergies Starts Production at Begonia, CLOV Phase III offshore Angola
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.
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CanCambria Energy Corp signs Kiskunhalas concession contract
Oil & Gas 360º
JUNE 16, 2025
The signing formally initiates a four-year exploration period. 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). is a Canadian-based exploration and production company specializing in tight gas development.
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Badawi Discusses Natural Gas Investment Plans with bp
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.
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Enverus EVOLVE: Creating the future of energy with AI, intelligence and innovation
Enverus
MAY 28, 2025
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. operating companies.
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Harbour Energy plc announce first oil achieved at Maria Phase 2, Norway
Oilfield Technology
JUNE 27, 2025
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. This marks the first of the next wave of subsea developments we are bringing on-stream to support production from our Norway business.”
What Is The Biggest Oil Discovery of All Time?
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. million stock tank barrels. billion barrels of oil. billion barrels of oil.
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Seatrium: first turnkey FPSO delivery to Petrobras
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.
TotalEnergies Farms Into 40 Chevron Exploration Leases offshore US
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
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Eni, Sonatrach to Bolster Energy Cooperation
Rigzone
JULY 25, 2025
“Eni and Sonatrach undertake to consolidate cooperation for the enhancement of Algerian energy resources through new contracts aimed at encouraging an increase in gas production, and the extension of gas supply contracts for export to Italy”, Eni said in a statement online. Sonatrach announced four other awards.
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Johan Sverdrup Phase 3 investment decision
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.
Chevron, Total Vying in Libya's First Oil Tender Since 2011 War
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.,
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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025
Oil & Gas 360º
JUNE 19, 2025
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a B.Sc.
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Reusing produced water
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.
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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year
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.
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Connecting Producers and Partners With a Digital Gathering System
Enverus
JUNE 26, 2025
Let’s explore the P2P platform and the all-new Foundations and Advanced subscriptions giving non-ops more ways to work with P2P datasets, visualize assets, and forecast production. P2P reimagines owner relations with generative AI, freeing operators from the distraction and costs of chasing down documents and fielding phone calls.
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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea
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.
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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea
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.
Petrovietnam, JV Partners Sign PSC for Vietnam Block
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
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Oil Review Middle East - Untitled Article
Oil Review Middle East
JULY 4, 2025
The area includes 17 gas fields at water depths ranging from 300 to 1,200 m. WDDM Phase XI The Phase XI development of the Burullus gas field involves the tie-in of three subsea twin deep-water natural gas wells.
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Conrad Signs Gas Sales Agreement for Indonesia's Mako Field
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.
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Policy versus geology: new report reveals £165bn choice facing North Sea future
Offshore Energies UK
JUNE 23, 2025
The industry has been calling for continued licences and changes to the windfall tax, with the UK government expected to outline its policies this autumn following two major consultations. Official statistics show that the UK’s total energy production hit a record low in 2024, importing over 40 percent of its total energy needs from overseas.
Namibia considers incentives to expedite TotalEnergies’ offshore development
Oil & Gas 360º
JUNE 20, 2025
(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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Equinor, Shell Unveil Name of UK North Sea JV
Rigzone
JUNE 27, 2025
It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. percent operating stake in Pierce, which started production 1999; a 44.9
How Customizable JT Skids Are Optimizing Gas Processing
Pro-Gas Services
JUNE 29, 2025
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless.
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BEL Valves Bags $6.7MM North Sea Oil Installation
Rigzone
JUNE 9, 2025
“The Murlach Field Development Project is a really significant North Sea project and to have our slab gate valves playing such a vital part in its operational safety is a great reflection of the trust the industry has in our products,” David Gallagher, Project Director of BEL Valves, said in the release.
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TGS and Equinor collaborate to drive digital transformation in CCS operations
Oilfield Technology
JULY 10, 2025
This agreement strengthens the ongoing cooperation with Equinor by integrating cutting-edge technology to optimise field operations. Northern Lights will integrate TGS’ Prediktor Data Gateway into its digital system to enhance management of the full CO 2 value chain, from the receiving terminal to permanent storage. Already a member?
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DNO Closes Acquisition of Sval Energi for $450MM
Rigzone
JUNE 16, 2025
The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.
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Petronas Strengthens Partnerships for Sabah Oil and Gas Developments
Rigzone
JULY 7, 2025
To further strengthen exploration and production cooperation, Petronas formalized a Memorandum of Understanding (MoU) with Dialog Resources Sdn. Under the Malaysia Bid Round 2025, the Mutiara Cluster Small Field Asset Production Sharing Contract was awarded to Dialog in June.
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Perenco Completes Acquisition of Woodside's Greater Angostura Stakes
Rigzone
JULY 14, 2025
Perenco’s acquisition included the Australian exploration and production company’s operating stakes in the shallow-water Angostura and Ruby oil and gas fields, which produce about 300 million standard cubic feet a day (MMscfd) of gas or around 12 percent of the Caribbean country’s national gas production, according to Perenco.
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Oil Review Middle East - Untitled Article
Oil Review Middle East
JULY 2, 2025
The nation is undertaking a massive North Field Expansion project that will boost its LNG production capacity from 77 million tonnes per annum (MTPA) to approximately 126 MTPA by 2027. And they function as innovation hubs where solutions to industry challenges can be explored, tested, and refined.
Viaro Energy strengthens North Sea portfolio through acquisition of Deltic Energy
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.
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