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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OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party.

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Oil Field Barrel Government 217

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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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 169

Oil & Gas 360º

MAY 30, 2025

(Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. Colombia’s 2024 oil recovery rate averaged 27 percent, energy minister Andres Camacho said last May.

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Oil Exploration and Production Crude Oil Government 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. Source: Ministry of Oil) The post Iraq Expands Gas Projects to Curb Flaring first appeared on Iraq Business News. By John Lee.

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. " By John Lee.

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Field Oil Exploration and Production Government 75

Oil & Gas 360º

MARCH 25, 2025

(Oil Price) –The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. That would be on top of projected economic value creation of 200 billion pounds, or $258 billion, from domestic oil and gas production.

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Oil Gas IT Energy 130

BOE Report

JUNE 15, 2025

Israel struck an installation at Iran’s South Pars gas field on Saturday, the first attack on Iran’s oil and gas sector as part of what the Israeli government had warned would be a prolonged operation to prevent Tehran from building an atomic weapon.

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Field Gas Oil Government 68

Rigzone

JUNE 19, 2025

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.

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Offshore Oil Field Exploration and Production 62

Iraq Business News: Oil & Gas

JUNE 17, 2025

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.

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Dry Gas Field Petroleum Oil 71

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.

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Iraq Business News: Oil & Gas

JUNE 15, 2025

The Iraqi Cabinet has approved a recommendation allowing the Ministry of Oil, through the Basra Oil Company (BOC) , to allocate part of the 2025 budget for the Majnoon Oil Field to fund a new infrastructure project. By John Lee.

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Field Oil Government Operator 59

Iraq Business News: Oil & Gas

APRIL 9, 2025

The Council of Ministers has approved an accelerated plan to develop the Akkas gas field in Anbar as part of the government's strategy to advance the oil and gas sector. The project will be led by the state-owned Midland Oil Company (MdOC) , with Schlumberger implementing the first phase.

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Field Gas Oil Government 81

Oil & Gas 360º

MARCH 6, 2025

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Oil & Gas 360º

JUNE 5, 2025

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. And nowhere is that dynamic clearer than in Texas, the powerhouse of American oil and gas. Previous inaccurate predictions.

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Oil & Gas 360º

MARCH 18, 2025

(BOE Report) – Kazakhstans energy minister will stand down from his role, the countrys presidential office said on Tuesday, as the government struggles to convince U.S. and European oil companies to lower production that exceeds OPEC+ targets. The ministry did not disclose the outcome of the talks.

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Oil Energy Energy Field 130

Egypt Oil & Gas

JUNE 13, 2025

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.

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Gas Exploration and Production Oil Natural Gas 52

Rigzone

JUNE 5, 2025

Image by BrianAJackson via iStock Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. “The margins are shrinking, the fields are getting smaller,” Taufik said.

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Natural Gas Oil Field Gas 75

Oil & Gas 360º

MAY 8, 2025

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil. Last week, Chevron Corp.

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Oil & Gas 360º

MARCH 31, 2025

(Oil Price) –Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. It also got an approval from the Iraqi government to start the development of two oil fields in the north.

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Oil & Gas 360º

MAY 12, 2025

(BOE Report) – Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S.

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Oil & Gas 360º

JUNE 19, 2025

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.

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Energy Energy Exploration and Production E&P 130

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. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

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Gas Natural Gas Field Energy 105

Iraq Business News: Oil & Gas

APRIL 20, 2025

Missan Oil Company has successfully transported its first sulphur shipment, weighing 80 tons, from the Halfaya oil field to its sulfur storage facilities located north of the Bazargan field. By John Lee.

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Field Transportation Oil Completion 59

Egypt Oil & Gas

APRIL 8, 2025

Chevron started its seabed survey operations in early summer, adhering to the timetable for the construction of a strategic pipeline that will connect the Aphrodite gas field in the Eastern Mediterranean to Egypt, according to a statement by the government of Cyprus.

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Oil News Africa

JUNE 8, 2025

The Government of Ghana, Tullow Oil plc (Tullow), Kosmos Energy (Kosmos), PetroSA, GNPC and Explorco are pleased to announce that they have entered into a Memorandum of Understanding (MOU) to … Read More The post Ghana, Tullow, Kosmos Energy, PetroSA, GNPC & Explorco sign MoU to extend Production licences to 2040 appeared first on oilnewsafrica. (..)

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Energy Energy Government Oil 59

Egypt Oil & Gas

MARCH 27, 2025

bp announced that it 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. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent (boe).

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Field Exploration and Production Oil Barrel 52

Oil & Gas 360º

MAY 7, 2025

(World Oil) – Kazakhstan is considering its options for complying with the countrys OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. Central Asias largest oil producer is considering all possible options for meeting its commitments.

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Mechanic Oil Finance Petroleum 130

Iraq Business News: Oil & Gas

MAY 20, 2025

HKN Energy and ONEX Group have signed a binding term sheet with the Kurdistan Regional Government (KRG) to develop the Miran gas field through their new joint venture, Miran Energy. Located in the Kurdistan Region of Iraq, the Miran gas field is estimated to contain 8 trillion standard cubic feet (scf) of recoverable natural gas.

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Oil & Gas 360º

MARCH 27, 2025

Oil and gas exports are a key revenue source for Moscow. Western companies have either sold or ceded energy assets to Russian firms and European governments have taken over units of Russian energy firms, while Moscow has taken retaliatory measures against Western companies with units in Russia. The potential easing of U.S. OMV paid 1.75

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Energy Energy Oil Gas 130

Offshore Engineer

JUNE 4, 2025

Tullow Oil and its partners have signed a memorandum of understanding (MoU) with the Government of Ghana to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses to 2040

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Field Oil Government IT 45

OilPro

AUGUST 6, 2024

ESG refers to environmental, social, and governance factors that can affect a company’s performance and impact on society and the environment. In the context of an oil and gas field company, ESG considerations are becoming increasingly important for several reasons.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

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. So, how they are tapped matter greatly.

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Egypt Oil & Gas

MARCH 13, 2025

The meeting further tackled Baker Hughes role in enhancing technological progress in the oil and gas sector, as well as providing advanced engineering and technical solutions for deepwater offshore fields. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.

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Field Exploration and Production Energy Energy 52

Iraq Business News: Oil & Gas

FEBRUARY 26, 2025

The Oil Ministry has reaffirmed its commitment to the development of the Akkas gas field , 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.

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Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.

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