OilPrice

MAY 27, 2025

Investments in Norways oil and gas sector are set to hit a record high this year, led by increased investments in operating fields, Statistics Norway said on Tuesday in its latest survey of companies investment plans. billion (269 billion Norwegian crowns), up by 6% compared to the estimates in the previous quarter.

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Gas Oil Field Pipeline 302

Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.

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Upstream Gas Oil Field 246

OilPrice

APRIL 26, 2025

Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobagos energy sector. Trinidad and Tobago has long

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Gas Oil Offshore Field 272

OilPrice

APRIL 8, 2025

Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.

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Field Exploration and Production Gas Oil 193

OilPrice

APRIL 9, 2025

Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources. Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and efforts pay off with large oil and gas discoveries.

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Gas Oil Field 281

True Natural Gas

JULY 7, 2025

Natural gas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Natural Gas in the U.S.

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Natural Gas Gas Hydraulic Fracturing Field 100

OilPrice

MAY 14, 2025

XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.

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Offshore Condensate Gas Field 282

OilPrice

JUNE 26, 2025

A new oil and gas project in the North Sea has been greenlit by Norwegian oil major Equinor and its Fram partners, which plan to invest NOK 21 billion or USD$2 billion. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C. The Troll field…

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Field Oil Gas Operator 169

Rigzone

JUNE 23, 2025

Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

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Gas Oil Natural Gas Crude Oil 103

OilPrice

MARCH 10, 2025

Operations at Saudi Arabias Jafurah shale gas field the countrys largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. will begin this year, according to a comment last week from Saudi Aramcos president and chief executive officer, Amin Nasser.

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Gas Associated Gas Field Oil 281

NGT News

MAY 15, 2023

says its Delo 600 ADF 10W-30 and Delo 600 ADF 15W-40 heavy-duty engine oils have been approved for use in Cummins mobile natural gas engines. Chevron Products Co.

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Natural Gas Engineering Engineer Gas 244

OilPrice

APRIL 18, 2025

Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024. Natural gas reserves in Pakistan remained relatively flat last year compared to the gas reserve estimate for 2023.

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IT Oil Natural Gas Field 297

Oil & Gas 360º

JUNE 23, 2025

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. As the country strives to produce two million bpd, projects of this nature will support new investments by providing a direct route from offshore fields to market.”

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Field Instrumentation Transportation Operator 130

OilPrice

JUNE 23, 2025

Amid the escalating conflict in the Middle East, Italian energy major Eni has reduced the number of staff at the Zubair oil and gas field in Iraq as a precautionary measure, an Eni spokesperson told Reuters on Monday. The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S.

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Field Gas Oil Energy 159

Oil & Gas 360º

JULY 9, 2025

(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. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

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Exploration and Production Field Oil Natural Gas 130

Oil & Gas 360º

JULY 2, 2025

(World Oil) – Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Waha Oil Co., Eni SpA and Exxon Mobil Corp. million bpd.

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Exploration and Production Oil Barrel Field 130

Offshore Engineer

JUNE 20, 2025

Britain on Thursday published long-awaited environmental guidance which is expected to impact the future development of two vast North Sea oil and gas fields by companies including Shell and Equinor…

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Gas Oil Field 72

OilPrice

MARCH 13, 2025

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says.

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Field Upstream Gas Oil 303

Oil & Gas 360º

JULY 1, 2025

(Oil Price) – Kazakhstan’s crude oil output jumped 7.5% Total oil and condensate production rose to 2.15 Most of the increase came from Tengiz—the Chevron-led mega-field—where output surged from 813,200 bpd in May to 953,000 bpd in June. in June to 1.88 This puts Kazakhstan well over its official OPEC+ quota of 1.5

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Oil Condensate Crude Oil Barrel 130

Oil & Gas 360º

MARCH 26, 2025

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.

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Field Oil Exploration and Production Barrel 130

OilPrice

APRIL 23, 2025

Crude burnthe direct use of crude oil in power plants and industrial facilities, primarily for electricity generationhas long been a staple in Saudi Arabias energy mix. The kingdom burns significant volumes of oil to meet domestic electricity demand, which hovers around 171 terawatt-hours (TWh). By tapping into unconventional gas,

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Natural Gas Gas Crude Oil Field 216

Oil & Gas 360º

MARCH 18, 2025

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary.

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Field Exploration and Production Oil E&P 130

OilPrice

MARCH 28, 2025

Woodside Energy has reached a deal to sell oil and gas assets offshore in Trinidad and Tobago to UK-based firm Perenco as part of portfolio optimization efforts, the Australian major said on Friday. Woodside came into possession of the Trinidad and Tobago assets following the 2022 merger of Woodside with BHPs oil and gas portfolio.

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Gas Oil Energy Energy 159

OilPrice

MARCH 26, 2025

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.

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Exploration and Production Gas Oil Government 187

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million standard cubic meters of oil equivalent (approximately 30.8

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Oil Exploration and Appraisal Exploration and Production Exploration Well 104

OilPrice

JUNE 2, 2025

Turkeys state energy firm TPAO will sign a partnership deal with UK-based supermajor BP and with Azerbaijans state oil and gas company Socar for the development of a natural gas field in the Azeri sector of the Caspian Sea, Turkish Energy Minister Alparslan Bayraktar said on Monday.

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Field Gas Natural Gas Energy 130

Iraq Business News: Oil & Gas

JUNE 8, 2025

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.

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Gas Field Dry Gas Associated Gas 59

Rigzone

JUNE 20, 2025

Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report.

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Exploration and Appraisal Exploration and Production Field Basin 108

Rigzone

JUNE 9, 2025

Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.

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Gas Natural Gas Field Energy 105

Offshore Engineer

JUNE 23, 2025

Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf…

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Maintenance Field Gas Oil 45

Offshore Engineer

JUNE 9, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea…

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Field Offshore Basin Oil 61

Rigzone

JULY 7, 2025

Petronas said in a media release the event marked a significant milestone in Sabah’s energy growth with the official handover of the Sabah Gas Strategy, a project led jointly by Petronas and the state government. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

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Gas Oil Exploration and Production Basin 62

Oil & Gas 360º

JUNE 20, 2025

(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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Offshore Exploration and Production Field Instrumentation 130

Oil Gas Leads

JUNE 21, 2025

Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Crude & Gas Transport : Railcars, barges, tanker trucks, and pipeline scheduling.

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Management Gas Oil Consulting 52

Iraq Business News: Oil & Gas

JULY 7, 2025

The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah , Saba [Subba], and Garraf [Gharraf]. In the Subba field, eight wells were linked and a new separation station was commissioned, increasing output from 8,500 to 30,000 bpd.

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Field Completion Associated Gas Operator 59

Oil & Gas 360º

JULY 11, 2025

natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. (BOE Report) – U.S.

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Natural Gas Field Gas 130

Oil & Gas 360º

MARCH 6, 2025

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.

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Oil Field Barrel Government 233