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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.”
Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
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.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fieldsmanaged 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.
Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. In addition, most of Europeâs depleted oil and gas fields are located at sea. percent in 2030 to 35.0
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.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” The units’ electrical power needs can be fed by an in-field electrical source.
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. miles along CR 100, this site includes a central tank battery and a saltwater disposal unit critical for produced water management.
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.
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.
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.
Assisting in Field Operations: Engineering Technicians may work in the field alongside engineers to assist with the installation, operation, and maintenance of equipment. This can involve both laboratory testing and field testing of equipment. This can involve hands-on work in the field or in a laboratory setting.
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. These divestitures reflect APA’s move toward a leaner asset base and lower breakeven production profile.
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
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.
Midland College has the Advanced Technology Center (ATC) and Petroleum Professional Development Center (PPDC). Industrial Technology Program : Focuses on manufacturing practices and processes, preparing students for roles such as process technology management, manufacturing processes, and maintenance and operations.
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
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). acted as lead manager. Image by DanielIngelhart via iStock Lakes Blue Energy NL has secured AUD6.5 Shares in the placement will be issued at AUD 0.75 per unit, a 25 percent discount to the last traded share price of AUD 1.00 Morgans Financial Ltd.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fieldsmanaged by a group led by TotalEnergies SE, according to a special adviser in the presidency.
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.
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).
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 gas fields, continuously being developed to enhance production.
Iraqs state-firm Midlands Oil aims to double production at the East Baghdad oilfield to 120,000 b/d by June 2026, according to 13 May comments by East BaghdadSouth Operations Manager Firas Fawzi.
Iraq'sMinistry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. He added that EBS will also establish a mobile lab to monitor pollution and a wastewater system to manage drilling waste.
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. The post Khalda Petroleum Investments to Reach $1B in 2024/25 first appeared on Egypt Oil & Gas.
It also opens new horizons for export to foreign markets, capitalizing on the growing global demand, especially with the petroleum sector having the technical and logistical components needed for success. The project aims to meet the local demand expected for this type of green fuel over the next few years.
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.
Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6
Well engineering consultancy and project management firm Zenith Energy hade delivered the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) at
The workshop was opened by a keynote speech of Eleanor Rowley, Managing Director Egypt at Capricorn Energy and Egypts Women in Energy Network Lead, highlighting the importance of this event and its objective. She also emphasized the vital role of the Women in Energy Network among the petroleum sector.
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). CanCambria Energy Corp. for un-risked case.
The China Huanqiu Contracting & Engineering Company (HQC) , a subsidiary of the China National Petroleum Corporation (CNPC) , has reportedly signed a Project Management Consultancy (PMC) contract for the West Qurna-1 oilfield. By John Lee. According to sina.com.cn , this is CNPC's largest overseas service contract since 2020.
The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project. Furthermore, initial estimates indicate it will add approximately one trillion cubic feet (Tcf) of natural gas to the field’s reserves.
The Ministry of Petroleum and Mineral Resources, in cooperation with the Japan International Cooperation Agency (JICA), held the second meeting of the Joint Coordination Committee (JCC) for the Project for Capacity Development on Energy Efficiency and Conservation, at its headquarters in Egypt’s New Administrative Capital.
The first five Plaquemines Parish Coastal Zone Management Act (“CZMA”) cases to be set for trial have been chosen. Equitable Petroleum Corporation, et al. Equitable Petroleum Corporation, et al. The Plaintiffs selected Parish of Plaquemines v. Rozel Operating Company, et al. Parish of Plaquemines v. and Parish of Plaquemines v.
Spanning over 2,000 km of offshore fields along the maritime border between Malaysia and Vietnam, the PM3 CAA stands as a model of long-standing cross-border energy cooperation. Bacho Pilong, Senior Vice President of Malaysia PetroleumManagement (MPM) at PETRONAS, and Le Manh Cuong, Vice President of PETROVIETNAM.
.” State 36-2R well evaluation The Zephyr team has conducted an integrated post well evaluation incorporating all geological, geophysical and engineering data gathered from the State 36-2R well and from the greater field area. The key results from the evaluation are set out below. Gross Recoverable Condensate (MMBC) 3.5
Non-GAAP financial measures and ratios are used internally by management to assess the performance of the Company. Management uses this metric to isolate the revenue associated with the Companys production after accounting for the unavoidable cost of blending. McDaniel & Associates Consultants Ltd., USD-CAD and C$3 / GJ AECO.
Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.
Minister of Petroleum and Mineral Resources Karim Badawi, accompanied by the Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS) Yassin Mohamed, visited the German city of Berlin to negotiate the contractual terms for renting the floating storage and regasification unit (FSRU), Energos Power.
The results were announced during the company’s general assembly meeting, held in the presence of the Minister of Petroleum and Mineral Resources Karim Badawi, along with officials from the petroleum sector. MOPCO has also been awarded the ISO 26000 certification for social responsibility. per share.
Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.3, With Unconventionals Analyst 3.3,
Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.3, With Unconventionals Analyst 3.3,
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