This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening domestic supply gap and reinforcing its integrated gas strategy.
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. For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.
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.” million to 1.3
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. Some of the world’s most prominent families and business magnates – including the Nobel brothers and Rothschilds – invested heavily in Baku’s oil fields.
In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources. By John Lee.
Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean. The WND Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. Senate Bill 494 aims to combat the theft of petroleum products in Texas by creating a dedicated task force within the Railroad Commission of Texas.
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Drones Hit Oil Fields in Northern Iraq in Spree of Attacks by Bloomberg | Khalid Al-Ansary & Rakteem Katakey | Wednesday, July 16, 2025 | 5:13 AM EST No one has claimed responsibility for the latest spree. Gulf Keystone Petroleum Ltd., What do you think?
The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gas field serve Iran’s domestic consumption needs. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021. Global oil stocks are below five-year averages, and the U.S.
” Any restart of exports would also depend on how quickly companies are able to bring online fields that were shut this week following a barrage of drone attacks. Oil companies including DNO ASA, Genel Energy Plc and Gulf Keystone Petroleum Ltd. ” It didn’t give details of the agreement. WHAT DO YOU THINK?
“In addition, the two companies will strengthen collaboration in the field of renewable energy and energy transition, namely through the definition of new initiatives” The MoU was signed during the Italy-Algeria intergovernmental summit in the presence of Algerian President Abdelmadjid Tebboune and Italian Prime Minister Giorgia Meloni.
The transaction effectively establishes a fully connected NGL corridor stretching from Western Canada to Eastern Canada, with export connectivity via liquefied petroleum gas (LPG) terminals on the West Coast. It is an excellent strategic fit, strongly aligned with our long-term growth strategy. logistics components.
According to a statement on Wednesday, the Ain Safni oil field in the Sheikhan district of Duhok Governorate was attacked by drone. The KRG continued: "While no casualties were reported, the attacks inflicted significant damage on the infrastructure of these vital oil fields." Ain Sifni is operated by US-based Hunt Oil.
The area includes 17 gas fields at water depths ranging from 300 to 1,200 m. WDDM Phase XI The Phase XI development of the Burullus gas field involves the tie-in of three subsea twin deep-water natural gas wells.
Once the prospective area is fully interpreted, a resource assessment will be conducted to support the addition of new well locations to the field development plan (FDP). Register to attend. CanCambria Energy Corp.
The field produces medium crude. The Bohai Sea projects are the Caofeidian 6-4 oilfield adjustment, phase 2 of the Luda 5-2 North field and the Bozhong 26-6 field. The South China Sea projects are Wenchang 19-1 oilfield phase 2, the Dongfang 29-1 field and the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Development Project.
Gulf Keystone Petroleum (GKP) has said it has " temporarily shut-in production " at its Shaikan field in Iraqi Kurdistan. In a statement this morning (Wednesday), the company said: " Gulf Keystone has noted reports over the past two days of explosions at a number of oil fields in the vicinity of the Company's Shaikan Field. "As
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. 1 âEU Emissions Trading System: Scope of the EU ETS,â European Commission.
Summary : While an Iranian closure of the Strait of Hormuz, where 20% of world petroleum passes, could push oil to triple digits, the U.S. The laws authorize DPS to inspect cargo tanks and increase theft penalties, with fines reaching up to $100,000 for the illegal transport or purchase of petroleum. So does the U.S.
The units’ electrical power needs can be fed by an in-field electrical source. Esquibel, speaking about changes in his field, said that the biggest trend is “optimizing. Click here to listen to the Audio verison of this story! Change comes to every sector of the oilfield, working its way through the various niches. based RPC Inc.
(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.
The meeting was attended by Hassan Abdallah, Governor of the Central Bank of Egypt, Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Karim Badawi, Minister of Petroleum and Mineral Resources. Contracting new shipments and easing FSRUs are among these measures.
The Petroleum Projects and Technical Consultations Company (PETROJET) has completed the manufacturing of high-quality subsea systems that will be exported to Angola as part of a development project in the African country. The work also involved a six-month extension to produce additional subsea frames and equipment.
The two projects “will help Angola maintain its production levels above one million bpd”, said Paulino Jeronimo, chair of the National Agency for Petroleum, Gas and Biofuels. The first large deepwater development in the Kwanza basin, Kaminho is planned to have a capacity of 70,000 bpd through the Cameia and Golfinho fields.
His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Gatti served on the Board of Helix Energy Solutions Group, Inc.
When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. One of her boldest moves was the acquisition of Anadarko Petroleum for $59 billion—outbidding Chevron and reshaping Oxy’s asset base. oil and gas company. still imports 2.5 While the U.S.
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.
Perenco’s acquisition included the Australian exploration and production company’s operating stakes in the shallow-water Angostura and Ruby oil and gas fields, which produce about 300 million standard cubic feet a day (MMscfd) of gas or around 12 percent of the Caribbean country’s national gas production, according to Perenco.
This was followed by Gasoline Stations with Convenience Stores, with 1,388 postings, Petroleum Refineries, with 849 postings, and Natural Gas Distribution, with 636 postings, TIPRO highlighted in the statement. TIPRO said in the statement that fluctuations in monthly employment are normal and subject to revisions with CES data.
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.
The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. million barrels to 1.85
Callon Petroleum Integration and Margin Expansion The integration of Callon Petroleum continues to pay dividends. Unlocking synergies across field operations, asset clustering, and cost structures. Key strategies include: Operating 8 rigs across the Midland and Delaware sub-basins.
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.
The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. million barrels to 1.85
Midland College has the Advanced Technology Center (ATC) and Petroleum Professional Development Center (PPDC). Petroleum Technology Certificate : A focused certificate for students majoring in industrial technology that provides training relevant to the energy industry, including petroleum fluids, drilling, and production technologies.
But in the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves, according to Peter McNally, an analyst at Third Bridge U.S. West Texas Intermediate declined 4% at 12:47 p.m. in New York to $71.92 a barrel, after an earlier rally faded. produces about 13.4
The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Western Australia’s Mines, Petroleum and Exploration Department gave the project until July 2027. Image by DanielIngelhart via iStock Buru Energy Ltd. MMstb of condensate, according to Buru. Buru eyes a 20-year production life.
Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. While we have seen no material impact on Shaikan Field operations to date, we are closely monitoring the developing conflict between Israel and Iran.
million to fund the proposed drilling of Wombat-5 in Petroleum Retention Lease 2 (PRL 2). Image by DanielIngelhart via iStock Lakes Blue Energy NL has secured AUD6.5 The company said in a regulatory filing that it received firm commitments for a placement of 8,663,667 shares, which will also provide sufficient working capital to June 2025.
Heritage Petroleum Company Limited holds the remaining 35 percent participating interest. Based on preliminary field estimates, second-quarter gross production averaged 3,023 boepd, or 1,965 boepd net, consisting of approximately 17.05 Image by Galina Atroshchenko via iStock Calgary, Alberta-based Touchstone Exploration Inc.
Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 Iran’s hydrocarbon production facilities are primarily concentrated in the southwest, in the Khuzestan province for oil and in the Bushehr provinces for gas and condensate from the giant South Pars field.
We applaud the Senate for passing the One Big Beautiful Bill to bolster America’s energy advantage and support economic growth,” said American Petroleum Institute (API) President and CEO Mike Sommers. .’ U.S. oil and gas industry. “We ” “Energy security is national security,” Milito continued.
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.
Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content