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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.
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
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.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
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.
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.
Esmat noted that he met today with leaders from the Ministry of Electricity and Renewable Energy to ensure the stability of the unified grid and the continuity of power supply, review fuel reserves needed to operate production units, and measures needed to achieve optimal fuel utilization.
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.
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. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America.
Achieving self-sufficiency in diesel and kerosene production. Abdul Ghani emphasized Iraq's strategy of integrated projects, linking oil production, gas utilization, power generation, refining, and petrochemical industries. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.
recently said its ProPwr division secured its first contract to commit 80 megawatts of power generation for an exploration and production operator in Permian Basin. ProPwr will deliver turnkey power to a distributed microgrid installation utilizing in-field gas where utility power is unavailable to support production operations.
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?
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. AI-Driven Exploration: Unlocking New Potential Oil and gas exploration has always been a high-stakes endeavor, requiring extensive research, testing, and investment.
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.
From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol , one of the most important energy groups in Latin America, where he led 18,000 employees, oversaw production of approximately 700,000 boed and revenues of over $30 billion, and delivered record financial, operational, and safety results. and the U.K., and the U.K.,
Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.
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.
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.
Malaysian Petroliam Nasional Berhad (PETRONAS) and Vietnam Oil and Gas Group (PETROVIETNAM) have signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and the Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for an additional 20 years.
. “By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. ProFrac Holding Corp.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
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.
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.
The Minister of Petroleum and Mineral Resources, Karim Badawi met with Jamal Essa Al-Loughani, Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC) to discuss ways to bolster Arab integration in the fields of oil, gas, and energy.
This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset? Through normal drilling, completions, and production, the numbers are staggering. Not even on eBay.
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.
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. Let’s explore your tailored, cost-effective NGL separation solutions together!
Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. These developments forced policymakers in oil-producing US states such as Louisiana, Oklahoma, and Texas to intervene to ration oil production with the support of the Federal government.
For accredited investors, direct investment in crude oil and natural gas exploration provides an opportunity to diversify their portfolios and potentially tap into lucrative returns, as well as enjoy some significant tax benefits. What Are Direct Oil and Gas Exploration Investments? Who Qualifies as an Accredited Investor?
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