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Turkey is boosting domestic natural gas production in its Black Sea waters and is looking to expand its international partnerships in oil and gas exploration in Bulgarias Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday. Most likely next month, TPAO
Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration 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
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. is a Canadian-based exploration and production company specializing in tight gas development.
government of allowing companies under its jurisdiction to sign oil exploration and production deals directly with the KRG. According to Iraqi media, the lawsuit was filed on Monday and accuses the U.S. Baghdad argues these deals bypass the federal oil ministry
supermajor Chevron has expressed interest in oil and gas exploration 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). (Oil Price) –U.S.
Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. Production from the 10 non-OPEC OPEC+ members dropped by 45 kb/d.
Ineos Energy focuses on oil and gas exploration and production, with activities in the North Sea, UK, Denmark and the USA.Its onshore assets Chinese state-owned oil giant CNOOC Ltd.,
(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 Production growthhinges on optimising our existing resources and exploring new frontiers, 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.
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
(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration 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.
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.
In the high-stakes world of oil and gas exploration, 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.
TotalEnergies expects its first-quarter oil and gas production 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
Only recently it was a futuristic dream—but today, cultivated meat is a product consumers are just beginning to taste. The next step is scaling a global industry.
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. Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB).
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.
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
Fasken operates wells on the property; the Puig descendants sued Fasken for deducting post-production costs from their royalty. The trial court agreed with Puig, and the court of appeals affirmed, in a well-reasoned opinion relying on the Supreme Court’s opinion in Chesapeake Exploration v. Hyder , 483 S.W.3d 3d 870 (Tex.
Austin-based Greenlake Energy announced last week the formation of Greenlake Energy II, its newest exploration and production platform, backed by more than $200 million in equity commitments from NGP Energy Capital Management and Greenlakes management.
Continental has been deprived of about $34 million to $69 million of revenue for oil and gas production, the filing said. (BOE Report) – U.S. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries.
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%
The triple-frac reduces by 25% the time to bring wells to production. supermajor continues to boost its oil and gas production from the basin, but it has cut capital expenditures. billion and $5 billion on production in the Permian in 2025, lower than in 2024, as production growth is reduced in favor of free cash flow.
The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block.
AMMONIA, NITROGEN, AND GREEN HYDROGEN PRODUCTION & PURIFICATION The paper delves into the production of hydrogen from different electrical energy sources, emphasising electrolyser technology and its integration with renewable energy generation systems.
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.
(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). million acres in Angola to the existing 6.3
Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska the Nuna and Pikka projects are expected to boost crude oil production in the state after decades of decline.
The restructuring should lead to savings to the tune of $540 million, the document showed, by transferring over $300 million from Pemexs personnel budget to its exploration and production department and help increase oil and gas output.
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.
The report also explores regional load growth variations influenced by infrastructure and adoption trends, the impact of recent legislation and tax credits on manufacturing and the comparative economics of imports versus domestic production. Using domestic products in renewable projects adds investment tax credit benefits.
Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. from $165 million to $300 million Fort Worth, TX U.S. Increased Citibank, N.A.
Via Metal Miner Much like neighboring China has been doing for decades, India is now making inroads into the African continent to mine copper reserves, among other mineral assets.
During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. The fact that we achieved this success in the concession belonging to Bzakerettye, which has an almost 100-year oil industry tradition, is clear evidence that there is still potential in hydrocarbon exploration in Hungary.
(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. Malo facilities.
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.
Omans OQ Exploration and Production (OQEP) has been rapidly expanding in recent years by partnering with IOCs in Oman, where it sees itself as the partner of choice.
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.
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.
In a virtual roundtable discussing the latest McKinsey Global Institute research, McKinsey leaders and industry executives explore what it will take to achieve a potential $10 trillion boost to the American economy.
Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.
From decarbonisation strategies and circular economy integration to advancements in petrochemicals production and sustainable fuels, PRC Europe 2025 offered a comprehensive overview of the trends shaping the future of energy processing in Europe. Supported by the Host Sponsor, Eni S.p.A., Wood and Saras S.p.A.,
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.
Oklahoma City-based Riley Exploration Permian said last week it acquired Silverback Exploration, a largely undeveloped asset in New Mexico, for $142 million (cash) to add 5,000 boed of production and more than 300 gross undeveloped locations. The company completed 6.3 net wells in 1Q.
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