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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. Preliminary estimates put the size of the discovery…
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.
AUSTIN, Texas (June 25, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operatedproduction, well count and rig movements across last year.
France’s TotalEnergies will serve as operator with a 24.5 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.
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.
(Oil & Gas 360) – Publisher’s Note: Prairie Operating will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. This acquisition delivers immediate scale, existing production, and a clear path to growth through high-quality operated drilling inventory.
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.
This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
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.
(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.
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. The combined consideration for both transactions is approximately $1.3
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.
Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 Nigerias crude oil production averaged 1.4
(World Oil) – Diversified Energy Company PLC, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the U.S.
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. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.
Based on our research, even under the previous tax structure, EOR was already commercially viable both in terms of production breakeven and when compared to permanent sequestration ( Figure 1 ). Raising the tax credit to $85/tonne lowers production breakeven prices and renders EOR viable across a greater range of oil price scenarios.
Petra Nova, one of the world’s only two carbon capture and storage (CCS) retrofits at a commercial power plant, has restarted operations, JX Nippon Oil and GasExploration Corp.
(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. About Prairie Operating Co. Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States.
and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. Seven years ago the partners found a gas-bearing reservoir about 436 feet in Glaucus-1. Steve Greenlee, then-president of ExxonMobil Exploration Co., ExxonMobil operates Block 10 with a 60 percent stake.
“The licensees will consider tie-in of the discovery to the Johan Castberg field”, said Equinor, which operates Johan Castberg with a 46.3 Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. percent stake.
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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."
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.
“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Chevron U.S.A. We drive innovation in the digital space,” said Shawn Stasiuk, Halliburton’s vice president of Production Enhancement. “We Operations can now react to a localized environment through real-time adaptation rather than performance forecasting.
Riley Exploration Permian Inc. has strengthened its position in the Permian Basin with the strategic acquisition of Silverback Exploration II LLC, adding high-margin production and a deep inventory of undeveloped locations in the prolific Yeso Trend. Riley , CEO & Chairman Company Background (Pre-Acquisition as of Dec.
The need to identify and secure quality acreage is more critical than ever for operators, from traditional family businesses to private equity-backed firms and public companies. The market is valuing and rewarding operators who are making the right moves to manage their inventory and remain capital efficient.
This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. But as high-quality, undrilled inventory becomes increasingly scarce, even disciplined operators like EOG are being drawn back into the M&A fold.
(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.
(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.
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.
Permit Number: 08442 Permit Validity: Until July 31, 2025 Commodity Transported: Gas Classification: Private Counties: DeWitt, La Salle Total Permitted Miles: 13.40 Permit Number: 08442 Permit Validity: Until July 31, 2025 Commodity Transported: Gas Classification: Private Counties: DeWitt, La Salle Total Permitted Miles: 13.40
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.
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. Oil comprises 75 percent and gas 25 percent, according to Equinor. It expects the project to start production 2029.
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.
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.
Image by Anton Vierietin via iStock Activity in the oil and gas sector contracted slightly in the second quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey. Meanwhile, the natural gasproduction index also turned negative, declining from 4.8 in the first quarter 2025 to -8.1
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.
Managed pressure drilling (MPD) progressed deepwater operations by delivering a critical safety advantage for drilling the world’s most complex and challenging wells. Operational complexity MPD is an adaptive and advanced drilling solution that has made historically challenging wells feasible.
In natural gas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before natural gas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids.
Its no secret that tariffs and trade uncertainties are creating significant challenges for procurement in the oil and gas world. 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. Key Features and Benefits 1.
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
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