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Africa is set to play a pivotal role in the global gas industry in the coming years as the worlds liquefied naturalgas (LNG) production capacity soars from 486 million tonnes per annum (Mtpa) last year to 755 Mtpa in 2030, according to Rystad Energys latest projections.
Turkey is boosting domestic naturalgasproduction 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.
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. billion cubic meters of naturalgas, was brought to the surface from Hungarian fields.”
Naturalgas is one of the most widely used energy sources, powering homes, businesses, and industries around the world. But have you ever wondered how naturalgas is formed and how it goes from deep within the Earth to fueling your stove or heating your home? How Is NaturalGas Formed?
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).
(Oil & Gas 360) – HOUSTON , May 16, 2025 / PRNewswire / — EOG Resources, Inc. ( EOG ) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA).
The assets are 95% operated by best-in-class naturalgas operators EQT (NYSE: EQT), Range Resources (NYSE: RRC), and CNX Resources (NYSE: CNX), and have continued to perform above expectations since WhiteHawks initial acquisition of this position in March 2022. Please go to www.whitehawkenergy.com for more information.
(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.
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.
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.
The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and naturalgasproduction 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.
” He explained that this integration would boost productivity and reduce costs, “which would enable us to invest more money.” ” The second step is to search for more gas in the deeper layers of our concession in Abu Qir. .” We can bring naturalgas to the market without delay.
investors seeking investment opportunities in early-stage European appraisal and development projects, and access more broadly to the European naturalgas market. is a Canadian-based exploration and production company specializing in tight gas development. About CanCambria Energy Corp. CanCambria Energy Corp.
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 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.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in NaturalGas Liquid (NGL) production is crucial for success in today’s competitive energy market. NGLs, valuable byproducts of naturalgas processing, represent a significant revenue stream for producers.
(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for naturalgas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. Deliberations regarding the U.S.
At Pro-Gas LLC in Dallas, Texas, we understand the dynamic nature of naturalgasproduction and the constant need for efficient, adaptable, and cost-effective solutions. Portable JT skids are self-contained units designed for naturalgas processing, specifically for Joule-Thomson (JT) cooling.
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. energy producers and more than 40,000 suppliers.
(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). This will be the Companys largest exploration prospect drilled so far.
(Oil Price) –Crude oil and naturalgas investments in Colombia could rise to $4.68 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.
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.
naturalgasproduction, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. million and 2.5
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.
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% Algerias Sonatrach will increase hydrocarbon production by 2.5%
With Colombias reserves of oil and naturalgas falling, and President Gustavo Petro refusing to grant new exploration licenses, Ecopetrol is focused on contracts signed before the environmentalist leader took power in 2022. Ecopetrols naturalgas reservesfell tothe equivalent of 6.7 years last year, down from 7.2
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. As a regulator of the nation’s largest oil and naturalgas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong. He was right—for a time.
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 naturalgasproduction.
Naturalgas coolers offer a compelling alternative to traditional electric cooling systems, especially for those seeking energy efficiency and cost savings. These systems leverage the power of naturalgas to provide reliable and environmentally friendly cooling solutions for residential and commercial applications.
American manufacturing is experiencing a resurgence driven by growing support for locally made products, tax incentives and tariffs that encourage domestic production. Industry , explores the impact of this shift on the grid and assesses the nations ability to meet the rising demand for clean energy materials. based production.
(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform naturalgas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin.
The state of Texas is the US' top crude oil and naturalgas producing state. However, as Day I of Gastech - which is formally running from September 17 to 20 - kicked off on Tuesday, energy bosses bemoaned the lack of clarity and consistency from Washington on policy matters pertaining to naturalgasexploration and LNG permits.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu
(BOE Report) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 The Anadarko assets produce around 39,000 barrels of oil equivalent per day, of which about half is naturalgas, two of the sources said. ConocoPhillips and Moelis declined to comment.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr NaturalGas Company to review its fiscal year results for 2024. In this regard, cooperation protocols were signed between Fajr, GasTec, and CarGas to establish integrated service stations.
At its Memphis site, xAI utilized the infrastructure from an old electronics manufacturing facility with existing grid connections and proximity to both power and naturalgas. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, naturalgas, power and renewable industries.
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and naturalgas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million.
In general, this strength has been led by more defensive pockets of the sector (large cap producers, majors, midstream) and naturalgas. Within Exploration & Production, 4Q results brought divergent performance across the group.
Natural gasoline is the most expensive naturalgas liquid (NGL), accounting for more than 25% of the price-weighted NGL barrel (versus 10%-12% of the barrel by volume). It is also notoriously difficult to track, with similar products having different names and unclear demand segments.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. The escalating global and local need for these versatile resources necessitates continuous advancements in our methods for naturalgas liquid separation.
Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gasproduction data. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. Register to attend. New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
Badawi emphasized the ministry’s commitment to supporting partnerships, overcoming challenges, and delivering tangible results within its strategy to boost domestic naturalgasproduction.
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