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“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.
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.
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.”
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 petroleumgas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.
(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.
(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.
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 gasfields suspended operations following Israel’s military strikes on Iran.
Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, awarding the contract for crude gas pipelines to China Petroleum Pipeline Engineering (CPP) , with part of the work assigned to the State Company for Oil Projects (SCOP).
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Elkhan Polukhov Ambassador of the Republic of Azerbaijan to Cairo, and his accompanying delegation, which included Zaur Hasanov, Director of Business Development at the State Oil Company of the Republic of Azerbaijan (SOCAR).
Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and natural gas following the Israeli military operation in Iran. The post Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply first appeared on Egypt Oil & Gas.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The highly prospective, gas-charged fault block associated with the company’s flagship Kiskunhalas Trough asset extends southwest into the KCA.
The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gasfield serve Iran’s domestic consumption needs. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021.
Among the matters discussed was a proposal from Chinese firm Tsingshan Holding Group , which expressed interest in dry gas operations at the Basra Industrial City Project, as well as in a sulphur investment project at the "Al-Lazzaka 2" field [Al-Lazakah, Allizaqa ] field [in Nineveh Governorate], and in iron ore extraction.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.
The company notes that demand is rising for premium OCTG material in Iraq, as the country, " holds some of the world's largest oil reserves with several super-giant oil fields that are increasingly being developed by international oil and gas companies. bpd in 2025 to 6M bpd in 2029." bpd in 2025 to 6M bpd in 2029."
Under the patronage of Minister of Petroleum and Mineral Resources Karim Badawi , the workers at the Abu Madi site in the Nile Delta celebrated the golden jubilee marking 50 years of oil and gas contribution to the region.
Rebalancing IOCs Positioning in the Upstream Petroleum Sector in Iraq The Ministry of Oil (MoO) recently concluded an agreement with BP covering four main oilfields in Kirkuk , following an earlier contract with an unidentified Ukrainian company to resume development of the Akkas gasfield.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. from 2018-2024.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. billion cubic feet (BCF) natural gas and 66.5 million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL.
Omans Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production. The post Oman Launches Bid Round for Oil and Gas Exploration first appeared on Egypt Oil & Gas. He added that applying to these areas is opened until June.
to study reviving two huge oil fields in the African nation. The focus on Libya, one of Africa’s largest oil producers and a member of the Organization of the Petroleum Exporting Countries, comes as the company has pivoted away from its failed low-carbon strategy to focus more on fossil fuels.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. This can involve both laboratory testing and field testing of equipment.
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with the Ministrys undersecretaries, heads of holding companies, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Mineral Resources Authority (EMRA), alongside CEOs from across the petroleum and mineral resources sectors.
He highlighted that this project is a major challenge for sustaining production in the Zohr Field. During his visit, Khafagy reaffirmed that the Zohr Field is a national project and one of Egypt’s most important natural gasfields, continuously being developed to enhance production.
Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.
The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. Source: Ministry of Oil) The post Seismic Survey of Naft Khana Field Completed first appeared on Iraq Business News. By John Lee.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.
The WDDM concession is located around 90 km offshore Egypt, in the north-western Nile Delta region of the Mediterranean Sea, and is operated by Shell through its joint venture, Burullus Gas Company. The area includes 17 gasfields at water depths ranging from 300 to 1,200 m.
Khalda Petroleum Company Chairman Saeed Abdel Moneim reviewed the most important performance indicators and targets for the next fiscal year (FY), indicating that it is planned to invest approximately $1 billion during FY 2024/25. As for the second half of the current fiscal year, it is planned to drill 29 crude oil and natural gas wells.
The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - Southern Region , adding 95 km west of the Diyala River. According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.
The Oil Ministry has reaffirmed its commitment to the development of the Akkas gasfield , with Deputy Minister for Extraction Affairs, Eng. Discussions focused on expediting development plans to ensure gas supply for power generation, aligning with government directives to maximize gas investment and enhance energy security.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
On the sidelines of the OMC Med Energy Conference and Exhibition 2025 in Italy, Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Arkab, the Minister of Energy, Mines, and Renewable Energy of Algeria, and his accompanying delegation.
According to an Oil Ministry statement, technical and engineering teams continue to work efficiently to achieve high completion rates, in line with Ministry of Oil directives to expand production and strengthen infrastructure in Iraq's oil fields.
A Production Engineer in the oil and gas industry plays a critical role in managing and optimizing the production of hydrocarbons from oil and gas reservoirs. Reservoir Pressure Management: Managing reservoir pressure through techniques like water or gas injection to enhance production rates and recovery.
Four new members will be added to the Petroleum Hall of Fame Thursday at Bush Convention Center in Midland. Worthington were selected by the board of the Permian Basin Petroleum Museum. It became one of the largest private oil and gas companies in the Permian Basin drilling thousands of wells across west Texas. Connell, Jack D.
The UAEs Crescent Petroleum and Dana Gas announced on 3 April that expected completion of work to add 250mn cfd capacity to the Khor Mor gasfield has been brought forward to 1Q 2026. Khor Mor is operated by Crescent Petroleum and Dana Gas on behalf of the Pearl Consortium, which also includes OMV, MOL and RWE.
Moataz Atef, the Undersecretary for Minister’s Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), held a press conference with petroleum journalists and reporters form various mass media outlets.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.
Minister of Petroleum and Mineral Resources Karim Badawi met with bPs Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. Infrastructure density—pipelines, SWDs, and roads—make it one of the most attractive yet competitive zones in North America.
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