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(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. Libya is currently running its first tender for energy exploration contracts since the 2011 civil war.
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.
(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. tariff threats.
(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3
(World Oil) – The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. offshore Repsol-NEO merger stakeholders UK Continental Shelf
(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.
(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
Alex Procyk July 31, 2025 Photo from Yinson Holdings Berhad Azule Energy starts production from Agogo FPSO offshore Angola Key takeaways Azule Energy started production from the Agogo FPSO offshore Angola. The Agogo FPSO has a production capacity of 120,000 b/d of oil. The FPSO has a pilot CCUS unit to recover CO 2.
Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Image by Luca Binelli via iStock What is the biggest oil discovery of all time?
Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design.
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown.
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.
· Carnarvon will identify an exploration target offshore WA after completing Bedout Mega Merge seismic reprocessing. · Carnarvon will identify an exploration target offshore WA after completing Bedout Mega Merge seismic reprocessing. Alex Procyk July 25, 2025 2 min read Carnarvon Energy Ltd. Carnarvon Energy Ltd.
Oil & Gas 360 – Landmark 30 th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com DENVER – July 31, 2025 – EnerCom, Inc.,
“These technologies meet the precision standards required by the Bureau of Land Management and ensure that all mineral owners receive their fair share” It estimates up to $1.8 billion in industry savings annually under the updated regulations.
Production from the first well was delivered safely, on time and to budget. Michael Zechner, Managing Director of Harbour’s Norway Business Unit, commented: “Maria Phase 2 builds on Harbour’s track record of developing high return, short cycle projects using existing infrastructure. Already a member?
(Oil & Gas 360) – Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Amplify intends to become more oil-weighted, reduce debt, lower operating costs, and streamline the organization. Register to attend.
Technical Rule the Short-Term, But Fundamentals Still Matter You can make an argument that 75% of trades in WTI and products are algorithm-based and following a trend… Denton Cinquegrana, OPIS AI and algorithms drive most short-term moves. You may be exposed to unnecessary risk. It’s time to reassess.
1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. Total global capex decreased by $500 million in first-half 2025, net production increased slightly to 3.4 Total global capex decreased by $500 million in first-half 2025, net production increased slightly to 3.4 Geert De Lombaerde Aug.
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.
Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. Related General Interest ExxonMobil takes Bass Strait off the market Nov.
4 for shale oil, into a key global energy-producing region that would help bring in foreign currency needed to prop up the economy. Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. 2 shale gas reserve and No. “It should bring in the U.S.
(Oil & Gas 360) – Five Nuclear Companies to Present at EnerCom Denver – The Energy Investment Conference Qualified Investors, Analysts and Energy Industry Professionals Can Register at No Cost at www.enercomdenver.com DENVER – July 23, 2025 – EnerCom, Inc., uranium mining and production.
wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025. Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Additional management analysis suggests that future, two-mile laterals on the Paradox project will have an estimated P50 individual well performance of 3.6
Alex Procyk July 23, 2025 Map from TotalEnergies Key takeaways TotalEnergies has started production from the Begonia and CLOV Phase 3 projects offshore Angola. Total production from the projects is 60,000 b/d. Total production from the projects is 60,000 b/d. Photo from TotalEnergies. 3, 2021 Map from TotalEnergies.
Dallas, lifted their full-year production target by about 1%. Matador produced an average of 209,013 boe/d (including 122,875 b/d of oil) from its Delaware basin and northwestern Louisiana operations in the 3 months that ended June 30, which was 5% higher than in the first quarter. Gas production is expected to be about 495 MMcfd.
July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. Stay tuned for weekly updates to keep you well-informed.
Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.
NAMCOR E&P, a subsidiary of the national oil company of Namibia, holds the remaining 5% carried interest. It delivers more than information; it delivers context, adding details the others leave out and combining them with analysis, commentary, industry trends, and statistics.
Woodside Energy) in support of the Trion deepwater oil and gas development offshore Mexico. Under the agreement, Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oilproduction facility – a major milestone in the region’s energy evolution.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.
In the current energy environment, where markets remain tight but face the risk of oversupply, speed to first production is critical, Rystad said, as extended construction timelines delay revenue generation and expose projects to a higher risk of cost overruns. If projects encounter delays, the vessels can be relocated or sold.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders. Institutional investors, family offices, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now.
The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. The sellers, Hess (Bahamas) Limited and Hess Asia Holdings Inc.,
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields.
According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oilproduction from federal lands reached 1.7 Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin. Total US crude oilproduction has nearly tripled, from 5.0
“This equity split reflects the contributions and strategic alignment of both parties in the creation of a market-leading entity in the UKCS, with a projected 2025 production of approximately 130,000 barrels of oil equivalent per day”, Repsol said in a statement online announcing completion. and Repsol Resources UK Ltd.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. “The
CP2 will have an ultimate peak production capacity of 28 million tpy once fully operational. Smith Editor in Chief Chris brings 32 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 20 of them in the midstream and transportation sectors.
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless.
bcfd from 1.75 bcfd, the company said. The expansion is scheduled to be in service in first-half 2027, pending the receipt of customary regulatory and other approvals. It delivers more than information; it delivers context, adding details the others leave out and combining them with analysis, commentary, industry trends, and statistics.
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