Oil and Gas Explorers Focus on Near-Field Plays
OilPrice
APRIL 8, 2025
Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.
Exploration and Production Field Operator 
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.
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Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield
OilPrice
MAY 29, 2025
non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor plans to develop another major project. Shells subsidiary operating the Bonga oilfield, Shell Nigeria Exploration and Production Company (SNEPCo), has signed an agreement to buy the French supermajors 12.5%
bp and Iraq finalize contract for Kirkuk oil field redevelopment
Oil & Gas 360º
MARCH 26, 2025
(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. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent. Mohammed Shia’ Al Sudani, H.E.
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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.
Field Goals
American Gas Association
APRIL 9, 2025
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.
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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.” More information about Chevron is available at www.chevron.com.
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. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.
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Repsol Taps Halliburton to Support UK North Sea Operations
Rigzone
JUNE 10, 2025
“The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment operations”, Halliburton added. The contract also covers decommissioning. announced a deal to consolidate their UK North Sea assets.
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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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African national oil companies (NOCs) partnering with independents to drive E&P
Oil & Gas 360º
MARCH 10, 2025
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
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Zephyr Energy plc announces successful initial results from State 36-2R well production test
Oil & Gas 360º
MAY 7, 2025
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%
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BP Signs Agreement for Kirkuk Oil Fields Development
Iraq Business News: Oil & Gas
FEBRUARY 25, 2025
BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.
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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.
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Murphy Oil to acquire BW Pioneer FPSO in Gulf of America for $125 million
Oil & Gas 360º
MARCH 13, 2025
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.
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ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays
Oil & Gas 360º
APRIL 17, 2025
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
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Unlock Faster, Smarter Buying for Oil & Gas Operations Teams With Enverus RFx
Enverus
APRIL 25, 2025
With fluctuating prices and increased operational costs, it has become more important than ever to find the right suppliers quickly and at the best value. Operational bidding is one area where efficient procurement processes are crucial to navigating these complexities and maintaining a competitive edge. Key Features and Benefits 1.
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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. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.
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Chevron Starts Seabed Survey for Natural Gas Pipeline Connecting Aphrodite Field to Egypt
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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Colombia oil investments could Hit $4.68 Billion in 2025
Oil & Gas 360º
MAY 30, 2025
billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.
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Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025
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. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.
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Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM
Rigzone
JUNE 10, 2025
First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year.
ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035
Rigzone
JUNE 10, 2025
In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd. In the chemicals sector, the five-year plan aims to build a top-three player.
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Badawi Meets with ADES CEO, Discusses Drilling Operations
Egypt Oil & Gas
APRIL 20, 2025
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. The post Badawi Meets with ADES CEO, Discusses Drilling Operations first appeared on Egypt Oil & Gas.
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bp, Iraq Reaches Final Agreement to Develop Kirkuk Fields
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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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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The heart of the US oil boom is slowing
Oil & Gas 360º
MAY 5, 2025
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. A mere two years later, over-extraction drove the field into decline. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed.
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New Era Helium receives approval for approximately 120 miles of rights-of-way to support midstream business unit and responsibly sourced gas initiatives within the Pecos Slope, Permian Basin
Oil & Gas 360º
APRIL 29, 2025
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 New Era Helium, Inc.
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Zephyr Energy announces initial results from State 36-2R well evaluation Williston Project and Zephyr Hawk update
Oil & Gas 360º
MAY 29, 2025
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the With the publication of this announcement, this information is now considered to be in the public domain.
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Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029
Egypt Oil & Gas
MARCH 24, 2025
Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.
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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Egypt, Germany Explore Partnership in Natural, Hydrogen, Carbon Storage
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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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability
Aresco
MARCH 13, 2025
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
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SLB lands major drilling contract for Woodside’s ultra-deepwater Trion development
Oil & Gas 360º
MARCH 31, 2025
SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. Woodside is developing the field in partnership with Pemex. First production is targeted in 2028. Manufacturing is currently on track.
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Genel Energy issues Trading and Ops Update
Iraq Business News: Oil & Gas
MAY 8, 2025
Genel Energy has issued a trading and operations update relating to Q1 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. By John Lee.
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The Importance of Field Gas Conditioners and JT Skids in the Oil and Gas Industry
Pro-Gas Services
JANUARY 17, 2025
One critical, yet often overlooked, component in this journey is the field gas conditioner, also known as a JT skid. Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain. What is a Field Gas Conditioner?
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Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition
Oil & Gas 360º
APRIL 1, 2025
Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays. ABOUT RING ENERGY, INC.
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bp Shares Updates on New Mediterranean Region Discoveries
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.
Egyptian President Reviews Oil, Gas Projects with Madbouly, Badawi
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.
Colombia’s GeoPark appoints Felipe Bayon as its new CEO
Oil & Gas 360º
APRIL 25, 2025
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
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The next innovation revolution—powered by AI
McKinsey
JUNE 20, 2025
Innovation is an enabler of human progress About the authors This article is a collaborative effort by Alex Singla , Alexander Sukharevsky , Elia Berteletti , Lareina Yee , and Michael Chui , representing views from QuantumBlack, AI by McKinsey, and McKinseyâs Operations Practice. In other words, R&D productivity has been declining.
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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend
Oil & Gas 360º
JUNE 3, 2025
mboe/d); Q1 2025 average Permian production of 14.5 existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% mboe/d); Q1 2025 average Permian production of 14.5
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Seizing the agentic AI advantage
McKinsey
JUNE 13, 2025
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with. trillion to $4.4
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant
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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