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.
Exploration and Production Field Natural Gas 
Where Is Natural Gas Found? Global Reserves and Local Sources
True Natural Gas
JULY 7, 2025
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. Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Natural Gas in the U.S.
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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
TotalEnergies, QatarEnergy Win Exploration License in Algeria
Rigzone
JUNE 20, 2025
percent stake during the exploration and appraisal phases. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. square miles) onshore Algeria. square miles) onshore Algeria. France’s TotalEnergies will serve as operator with a 24.5
Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output
Oil & Gas Journal
JULY 28, 2025
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.
Badawi Discusses Natural Gas Investment Plans with bp
Egypt Oil & Gas
JULY 22, 2025
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. 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.
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.
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.
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. But Exxon regained ground in 2010 with its $41 billion acquisition of natural gas producer XTO.
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.
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.
Chevron and Halliburton Enable Intelligent Hydraulic Fracturing
Oil & Gas 360º
JUNE 12, 2025
We drive innovation in the digital space,” said Shawn Stasiuk, Halliburton’s vice president of Production Enhancement. “We We built the digital environment down to the field level and enable our customers to test their best ideas.” About Chevron Chevron is one of the world’s leading integrated energy companies.
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.
PTTEP Acquires Stake in Gulf of Thailand Asset from Chevron
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. The sellers, Hess (Bahamas) Limited and Hess Asia Holdings Inc.,
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. 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.
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.
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. energy producers and more than 40,000 suppliers.
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.
Australia's Cue Energy Posts Lower Production
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.
CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year
Rigzone
JUNE 9, 2025
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.
What Is The Biggest Oil Discovery of All Time?
Rigzone
JULY 18, 2025
Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Welligence is a market intelligence firm focused on the upstream oil and gas sector. million stock tank barrels. billion barrels of oil. billion barrels of oil.
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. These reservoirs have been progressively developed to provide gas for the Egyptian domestic market and the Egyptian Liquefied Natural Gas (ELNG) plant.
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. million barrels of oil equivalent.
Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference
Oil & Gas 360º
JULY 31, 2025
In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy. Guaranteed.
Woodside assumes operatorship of Bass Strait assets
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%
Rystad Energy: Global FLNG capacity to more than triple by 2030
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.
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.
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.,
Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply
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.
Petronas Strengthens Partnerships for Sabah Oil and Gas Developments
Rigzone
JULY 7, 2025
This agreement is a blueprint for securing a reliable natural gas supply for the state’s domestic demand, Petronas said. To further strengthen exploration and production cooperation, Petronas formalized a Memorandum of Understanding (MoU) with Dialog Resources Sdn.
Japan's Inpex Acquires Stakes in Several Norwegian Sea Assets
Rigzone
JULY 30, 2025
through its local Norwegian entity, Inpex Idemitsu Norge AS (IIN), has entered into an agreement with Pandion Energy AS to acquire 10 percent participating interest in each of the Valhall and Hod oil and gas fields and 20 percent participating interest in each of the Mistral and Slagugle oil and gas discoveries.
Touchstone Posts Production Numbers from Trinidad Asset
Rigzone
JULY 17, 2025
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035
Rigzone
JUNE 10, 2025
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035.
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
The Future of Fuel Gas Conditioning | Trends and Innovations
Pro-Gas Services
JUNE 15, 2025
At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. It is the essential step that ensures the natural gas powering everything from massive power generation turbines to critical industrial engines is clean, dry, and delivered at the precise specifications required for optimal performance.
How Customizable JT Skids Are Optimizing Gas Processing
Pro-Gas Services
JUNE 29, 2025
In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless. 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.
EnerMech Awarded Decommissioning Contract by ExxonMobil
Rigzone
JUNE 23, 2025
The Hoover and Diana fields are located approximately 160 miles south of Galveston, Texas. The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. Financial terms of the contract were not disclosed.
Oil Review Middle East - Untitled Article
Oil Review Middle East
JULY 2, 2025
Liquefied natural gas (LNG) has emerged as a vital component of this shift — not as a competitor to renewables, but as a complementary, lower-emission fuel that supports reliability where intermittent sources fall short. And they function as innovation hubs where solutions to industry challenges can be explored, tested, and refined.
Policy versus geology: new report reveals £165bn choice facing North Sea future
Offshore Energies UK
JUNE 23, 2025
billion barrels of oil and gas could still be produced from UK waters – 3.2 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. It says the accelerated policy driven decline could take domestic oil and gas production to just 2.6
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.
Repsol, NEO Energy Complete UK Merger
Rigzone
AUGUST 1, 2025
“This equity split reflects the contributions and strategic alignment of both parties in the creation of a market-leading entity in the UKCS, with a projected 2025 production of approximately 130,000 barrels of oil equivalent per day”, Repsol said in a statement online announcing completion. and Repsol Resources UK Ltd.
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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