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Oil Review Middle East - Untitled Article

Oil Review Middle East

Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Of this, 40% is dedicated to slowing down production declines at existing fields.

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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(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.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. In addition, most of Europe’s depleted oil and gas fields are located at sea. An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027.

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Equinor Q2 Profit Down YoY on Lower Liquids Prices

Rigzone

“New production from the Johan Castberg field reaching plateau and Halten East contributed. International upstream production excluding the U.S. billion, while finance debt accounted for $8.64 Equinor logged 2.1 “The acquisition of additional interests in U.S. However, Angola, Argentina and Brazil saw increases.

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024. www.imacorp.com Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry.

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Buru Tweaks Timeline for Australia's Rafael Gas Project

Rigzone

The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Image by DanielIngelhart via iStock Buru Energy Ltd. has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027.

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U.S. shale producers unlikely to boost drilling despite Trump’s call

Oil & Gas 360º

You can’t do ‘Drill, Baby, Drill’ overnight,” said Tom Seng, an assistant professor of energy finance at Texas Christian University in Fort Worth. For the upstream players to abandon capital discipline on a geopolitical event like this is unlikely,” said Dan Pickering, chief investment officer at Pickering Energy Partners in Houston.

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