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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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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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Iraq Agrees on Oil Plan With Kurds

Rigzone

The Kurdistan Regional Government will supply Iraq’s state oil marketer SOMO with 230,000 barrels a day as part of a deal for Baghdad to release funds for salaries in the northern region, people familiar with the matter said. ” It didn’t give details of the agreement.

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Reusing produced water

Oilfield Technology

As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields. This could force operators to stop production in previously profitable fields. Venture capital money flowed in.

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From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

logistics components. We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

In the PNIEC, the government reported that 67.9 Developments in France are particularly relevant to Spain since France is accelerating its CCUS efforts despite not having significant national oil and gas reserves, which eliminates the possibility of using depleted fields for CO 2 storage. percent in 2030 to 35.0 percent in 2050.

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Policy versus geology: new report reveals £165bn choice facing North Sea future

Offshore Energies UK

billion more than current government estimates. This additional production could add £165 billion in economic value, with a total of £385 billion if the UK meets half its oil and gas demand from domestic sources, supporting jobs, investment, and public services across the country.