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Iraq has filed a lawsuit against the United States over oil contracts between American companies and the Kurdistan Regional Government (KRG) in northern Iraq, escalating a constitutional dispute that has long threatened to destabilize the countrys energy sector, Reuters reported.
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
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on thatbut it is looking for ways to boost production through other means.
billion social fund, which collects revenues from oil and gas exploration 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
(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.
An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gas exploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022.
Staring in the face of near-stagnant copper production, the Government of India recently announced it had acquired greenfield land in Zambias northwest province with plans to explore
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
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.
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. By Irina Slav for Oilprice.com
” He explained that this integration would boost productivity and reduce costs, “which would enable us to invest more money.” ” He explained that this integration would boost productivity and reduce costs, “which would enable us to invest more money.”
(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.
These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. Similarly, Angola’s NOC Sonangol has reaffirmed its intention to proceed with an IPO, offering up to 30% of its shares to the public.
and previously led Shell Nigeria Exploration and Production Co. Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd.
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. The short answer: oil production is not just a matter of geology—it’s a moving target shaped by economics, politics, innovation and infrastructure. oil production would peak in the early 1970s.
We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. About EOG Resources EOG Resources, Inc.
The two sides also addressed cooperation in the field of hydrogen and ways to transfer expertise and technology, given Germany’s extensive experience in implementing hydrogen projects and Egypt’s promising potential in the production and generation of green hydrogen.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
Membership includes major integrated energy companies, national oil companies, regional players, small to mid-size independents, niche players, and start-ups, as well as government licensing authorities. is a Canadian-based exploration and production company specializing in tight gas development. Visit [link] to learn more.
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.
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. The post Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025 first appeared on Egypt Oil & Gas.
Badawi noted that the government is adopting an integrated approach to address challenges in the energy sector by increasing oil and gas production. It would offer effective investment incentives, while expanding renewable energy resources to enhance energy security and support the national economy.
Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. Achieving self-sufficiency in diesel and kerosene production. By John Lee.
In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.
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. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. " It also builds upon BP's previous work on the Kirkuk fields from 2013 to 2019.
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
This Marcellus Shale acquisition is the ideal natural gas minerals position, combining best-in-class natural gas operators, proven and predictable production, and the lowest break-even drilling costs in the U.S., Please go to www.whitehawkenergy.com for more information.
WesternZagros , a privately owned US exploration and production company, has announced its acquisition of the Topkhana block in the Kurdistan Region of Iraq. The acquisition is seen as a strategic milestone in enhancing the Kurdistan Regional Government's (KRG) energy security and electricity provision plans. By John Lee.
They discussed ways to enhance cooperation between the two countries in areas including exploration, field development, refining and petrochemicals, as well as LNG trade and marketing. Both ministers also discussed projects related to green hydrogen production and marketing.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
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.
ADNOC's move - dubbed Energy^AI or 'energy to the power of AI' will be in partnership with government-backed G42, AiQ and Microsoft. Here's The Oilholic's full report for Forbes on Al Jaber's remarks and ADNOC's wider plans.
The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies.
The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. If (and only if) an express contractual provision allows greater remediation than government standards, a jury may consider and award such “excess remediation” damages.
It covers the basics: geology, petroleum engineering knowledge, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves calculations. NSAI in a nutshell Netherland, Sewell & Associates, Inc.
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.
That could have incredibly disruptive impacts on most oceangoing transport, and energy products are no exception unless they get an exception! In todays RBN blog, we explore the background of the USTRs China port-fee proposal and what it could mean for global energy logistics.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.
They also emphasized the importance of accelerating the development of new discoveries and quickly linking them to existing facilities, which reduces production costs and the time it takes to bring wells into production to achieve optimal benefits in supporting domestic natural gas production.
The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
Instead, hybrid or fully remote models appear to foster productivity while limiting pollution. Growing emphasis on Environmental, Social and Governance (ESG) goals pushes firms to explore how remote and hybrid work can shrink their carbon footprints.
The extensive discussions took place at the ministry’s headquarters in the government district of the New Administrative Capital, with key figures from Egypt’s petroleum sector in attendance. Badawi further highlighted recent encouraging discoveries in the Gulf of Suez and increased activity in the Western Desert.
In his speech, Badawi reviewed Egypt’s energy sector efforts to attract investments, accelerate drilling and exploration activities, increase production, and the Egyptian petroleum sector’s work in energy transition through the implementation of clean energy projects, emissions reduction, and low-carbon green hydrogen.
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