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Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
Turkey is boosting domestic natural gasproduction in its Black Sea waters and is looking to expand its international partnerships in oil and gasexploration in Bulgarias Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday.
Libya will offer production sharing agreements to the successful bidders in its first oil and gasexploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. The previous such bid round was held in 2007, four years before the toppling of Muammar Ghaddafi in 2011, which led to a protracted
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.
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Secretary of Energy and 47th Governor of Texas Rick Perry as Chairman of Its Executive Advisory Board June 16, 2025 News Story – QuoteMedia Market Data Solutions
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(Oil & Gas 360) – Publisher’s Note: CanCambria will present an update on the Kiskunhalas project at EnerCom Denver – The Energy Investment Conference on August 17-20, 2025.
Encino assets offer a rare combination of scale, liquids-rich production and development upside. The following blog is distilled in part from Enverus Intelligence® Research (EIR) publications. After nearly a decade on the sidelines, EOG Resources has made a bold return to the M&A arena with its $5.6 Why Encino, and Why Now?
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gasexploration. The Starmer cabinet has stayed true to its word on thatbut it is looking for ways to boost production through other means.
(Oil & Gas 360) CanCambria Energy Corp. It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9
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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.
In recent years, Colombias oil production and reserves have been in decline and interest in investing in the countrys crude seemed limited in the post-pandemic landscape. However, in recent months, there has been a renewed interest in developing exploration and production.
(Oil & Gas 360) – HOUSTON , June 17, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company.
Ineos Energy focuses on oil and gasexploration and production, with activities in the North Sea, UK, Denmark and the USA.Its onshore assets Chinese state-owned oil giant CNOOC Ltd.,
TotalEnergies expects its first-quarter oil and gasproduction to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5 TotalEnergies expects the results in its exploration & production (E&P) division to reflect the higher production compared to the same quarter last year, as well as a price
In the high-stakes world of oil and gasexploration, every decision carries weight. For decades, geologists and engineers have relied on traditional methodsmanual interpretation, historical records, and analog simulationsto explore hydrocarbon reserves beneath the Earths surface.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The signing formally initiates a four-year exploration period. Register to attend. CanCambria Energy Corp.
Eni has been pursuing in recent years the so-called dual exploration model, under which it sells part of its majority stakes to other companies to fast-track oil and gas discoveries to production. The worlds largest independent oil trader, Vitol, will buy stakes in some upstream assets in West Africa from Eni for $1.65
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. Ron holds a B.Sc.
supermajor Chevron has expressed interest in oil and gasexploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. The two new blocks now essentially double the total area for exploration to 47,000 sq km (18,147 square miles).
(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.
Nigerias crude oil production averaged 1.4 million bpd quota in OPEC, Ekperikpe Ekpo, Nigerian Minister of State for Gas, said at a local industry conference. Production growthhinges on optimising our existing resources and exploring new frontiers,
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Applied Computing’s flagship product - Orbital - has been built using multi-foundation AI powered by a new class of models built to optimise the physical world. It appears to be going places in its bid to bring AI to the oil and gas sector, which, as Adamson noted, is the most "under-optimised industry on earth."
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.
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. For that, however, the industry needs the right business conditions.
An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gasexploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022.
billion social fund, which collects revenues from oil and gasexploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Brazil looks to boost its economy with money from its $3.5-billion
(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gasexploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.
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.
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. About New Era Helium, Inc.
Citing an analysis by University of Southern California professor Michael Mische, the letter warns that gas prices could spike 75% by 2026 reaching as high as $8.43 He estimates that gas prices could reach $6.43 per gallon if two major refineries are allowed to shut down as planned. Professor Misches projections are stark.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
(Oil & Gas 360) – CanCambria Energy Corp. investors seeking investment opportunities in early-stage European appraisal and development projects, and access more broadly to the European natural gas market. is a Canadian-based exploration and production company specializing in tight gas development.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.
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. The post Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply first appeared on Egypt Oil & Gas.
But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. State oil company Namcor is looking to build capacity to have a bigger role in developments along with the country’s strategy to maximize local production, according to Shilunga, who was appointed last month.
(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. oil and gas properties. from $165 million to $300 million Fort Worth, TX U.S. from $165 million to $300 million.
out of the above described property, an undivided one-sixteenth (1/16) of all the oil, gas and other minerals, except coal, in, to and under or that may be produced from the above described acreage, to be paid or delivered to Grantor, B.A. Puig, Jr., as his own property free of cost forever. Hyder , 483 S.W.3d 3d 870 (Tex. 2d 118 (Tex.
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