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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 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.

Oil 111
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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(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.

Offshore 130
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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.

Energy 130
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

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. In addition, most of Europe’s depleted oil and gas fields are located at sea.

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Bridging the Data Gap: How Transfer Learning Revolutionizes Production Forecasting in Frontier Basins

Novi

The Emerging Basin Challenge The consolidation trend within the petroleum industry reflects the increasing scarcity of high-quality unconventional opportunities. Gradient Boosting Calibration implemented a LightGBM model trained to predict forecast adjustments using combined feature sets, allowing for complex non-linear transformations.

Basin 52
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Namibia Weighs Incentives to Kickstart TotalEnergies' Offshore Oil Plan

Rigzone

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.

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Kazakhstan considers options to meet OPEC+ production cut obligations

Oil & Gas 360º

Russia, a fellow member of OPEC+,is consideringchanging its budget building mechanism in response to sliding oil revenue. Kazakhstan agreed at the May 3 meeting of the Organization of the Petroleum Exporting Countries and its allies to produce 1.5 million bpd in June, compared with 1.85 million bpd in March.

Mechanic 130