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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.

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Khalda Petroleum to Bring 2 New Wells Online This June

Egypt Oil & Gas

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.

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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.”

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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.

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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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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary.

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In Response to Israel Attacks on Iran, Egypt Activates Emergency Plan for Natural Gas Allocations

Egypt Oil & Gas

According to Reuters, some Egyptian Fertilizer companies had to stop production on Friday due to the expected drop in natural gas supplies after major Israeli gas fields suspended operations following Israel’s military strikes on Iran.