Remove Field Remove Gas Remove Government
article thumbnail

UK Reconsiders North Sea Oil and Gas to Lower Energy Bills

OilPrice

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. The government has given extra funds for the Department for Energy Security and Net Zero to invest between 2026…

Gas
article thumbnail

HKN Energy to Develop Iraq's Hamrin Oil Field

Iraq Business News: Oil & Gas

The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. He noted the importance of investing in associated gas to help power electricity generation stations. The KRG and Iraq's federal government have disagreed over the legitimacy of that contract.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

“Facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria,” said the African Energy Chamber (AEC) in a statement. “As For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.

article thumbnail

Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.

Gas
article thumbnail

bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

bp, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya, it said in a statement on Tuesday. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. Let’s take a closer look at this remarkable chapter in global industrial history and the foundational role it played in shaping the modern oil and gas industry.

Oil
article thumbnail

Iraq Opens Central Gas Processing Facility at Block 9

Iraq Business News: Oil & Gas

The Ministry of Oil has inaugurated the Central Gas Processing Facility at the Al-Faihaa [Fayhaa, Block 9] oil field in Basra, with a capacity of 130 million standard cubic feet per day (MMSCFD). He emphasised that gas projects such as this are critical for ensuring a stable fuel supply for electricity generation. By John Lee.

Gas