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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.

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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. North Oil Company Director General Amer Khalil said the agreement lays the foundation for a future development contract covering all wells in the field and aims to train local staff and provide gas to electricity plants.

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HKN Signs Preliminary Deal For Development Of Federal Field

Mees

US firm HKN has signed a preliminary deal to develop the Hamrin field in Iraq’s northern Saladin province. The Federal government and Kurdistan Regional Government (KRG) are in a long-running dispute over management of the Region’s oil and gas assets.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

Libya is split between dueling governments in its east and west, and sporadic stoppages and rounds of violence have left much of its energy infrastructure neglected and damaged. The development of its north Jalo field alone would add 100,000 barrels. A representative for TotalEnergies declined to comment. Waha Oil Co.,

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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. The success of the Bibi Heybat well attracted attention from entrepreneurs, engineers, and governments, and it sparked what could be considered the first true oil rush in world history.

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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

The Hess deal, announced in October 2023, was delayed after Exxon, which holds a 45% stake in Stabroek, and the field’s third partner CNOOC argued that they had a contractual right of first refusal to purchase Hess’s stake in the block. government in 1911. Moreover, there are fewer accessible fields to tap. energy sector.

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OPEC tensions build as Kazakhstan’s oil production hits all-time high

Oil & Gas 360º

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. More than 70% of Kazakhstan’s oil is produced by international consortiums like Chevron and ExxonMobil, over which the government has no authority to impose cuts. million bpd in June, up from 2.02

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