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Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

He also highlighted the need for enhanced cooperation in projects aimed at increasing local natural gas production, reducing import costs, and encouraging further investments in the sector. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean.

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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

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.”

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Pacific Petroleum Closes Acquisition of Wyoming Oil Assets

Rigzone

Image by photosbyjim via iStock Anacortes, Washington-based Pacific Petroleum Operating LLC said it completed its acquisition of a portfolio of oil-producing assets located in Wyoming from a portfolio company of an undisclosed private equity group for a total purchase price of $9.65 The structure for Pacific Petroleum leverages a U.S.

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In Response to Israel Attacks on Iran, Egypt Activates Emergency Plan for Natural Gas Allocations

Egypt Oil & Gas

According to Reuters, some Egyptian Fertilizer companies had to stop production on Friday due to the expected drop in natural gas supplies after major Israeli gas fields suspended operations following Israel’s military strikes on Iran.

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Middle East Conflict Jolts Energy Markets

Enverus

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.

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Drones Hit Oil Fields in Northern Iraq in Spree of Attacks

Rigzone

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.,

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Eni, Sonatrach to Bolster Energy Cooperation

Rigzone

“Eni and Sonatrach undertake to consolidate cooperation for the enhancement of Algerian energy resources through new contracts aimed at encouraging an increase in gas production, and the extension of gas supply contracts for export to Italy”, Eni said in a statement online.