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He also highlighted the need for enhanced cooperation in projects aimed at increasing local naturalgas 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.
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.”
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.
According to Reuters, some Egyptian Fertilizer companies had to stop production on Friday due to the expected drop in naturalgas supplies after major Israeli gasfields suspended operations following Israel’s military strikes on Iran.
The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gasfield serve Iran’s domestic consumption needs. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021.
NaturalGas $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.,
“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.
The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. The acquisition also contributes to the company’s growth. ” PTTEP CEO Montri Rawanchaikul said.
The area includes 17 gasfields at water depths ranging from 300 to 1,200 m. These reservoirs have been progressively developed to provide gas for the Egyptian domestic market and the Egyptian Liquefied NaturalGas (ELNG) plant.
announced a definitive agreement to acquire substantially all of Plains All American Pipeline’s Canadian naturalgas liquids (NGL) business, along with select U.S. Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76 logistics components.
Brent Crude $66.90 +0.65% NaturalGas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.
“TIPRO reported a total of 51,661 unique job postings nationwide last month within the oil and naturalgas sector, including 21,861 new postings,” it went on to state.
Brent Crude $69.46 -0.09% NaturalGas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad. operate in the Kurdistan region.
Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and naturalgas following the Israeli military operation in Iran. The post Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply first appeared on Egypt Oil & Gas.
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
Understanding the imbalance: an unsustainable model and its global context Kazakhstan's gas industry has been based on an unsustainable economic model for years. The goal is to increase the production of commercial gas from the current 23bn cubic metres to 31bn cubic metres by 2030.
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 Europeâs depleted oil and gasfields are located at sea.
The Bass Strait project consists of conventional oil and gasfields in Gippsland basin off the south east coast of Victoria, Australia. Naturalgas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand.
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. What do you think?
Brent Crude $72.24 -0.37% NaturalGas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.
has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 In Angostura, the National Gas Company of Trinidad and Tobago holds a 30 percent stake, while Chaoyang Petroleum (Trinidad) Block 2C Ltd. percent in Ruby in Block 3(a).
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.
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. oil and gas company. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. still imports 2.5 While the U.S.
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. Documentation: Keeping accurate records is essential in the oil and gas industry.
Brent Crude $69.46 -0.09% NaturalGas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
Data Download Center Production Engineer Contact List Download a list of 1000+ Production Engineer contacts that work for Oil & Gas Operators in Canada Buy List Now Here’s an overview of their responsibilities and skills and roles: Skills: Petroleum Engineering, Upstream, Completions, NaturalGas, Drilling, Hydraulic Fracturing, Field Development, (..)
will assume operatorship of the Gippsland Basin Joint Venture (GBJV) and Kipper Unit Joint Venture (KUJV), which account for 40 percent of naturalgas supply in the Australian east coast market, from Exxon Mobil Corp., In March 2022 Woodside announced further investment to deliver additional gas between 2023 and 2027.
has adjusted the timeline for the development of the Rafael naturalgas project in Western Australia’s Canning Basin but still aims for a startup late 2027. The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Image by DanielIngelhart via iStock Buru Energy Ltd.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Lakes Blue Energy Secures Funding for Wombat-5 Drilling by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:34 AM EST The funding is subject to Lakes' reinstatement to trading on the Australian Securities Exchange.
The agreements aim to enhance cooperation in petroleum operations and services, training and expertise, the two companies said. According to NOC, the two companies will explore the provision of petroleum services in Algeria, Libya, and abroad. A fourth MoU focuses on training and knowledge transfer.
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. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
“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. We will continue to work with policymakers to get this final package to President Trump’s desk.”
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and naturalgas production in Hungary.
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.
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project.
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 naturalgasfields, continuously being developed to enhance production.
They also emphasized the importance of accelerating the development of new discoveries and quickly linking them to existing facilities, which reduces production costs and the time it takes to bring wells into production to achieve optimal benefits in supporting domestic naturalgas production.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Elkhan Polukhov Ambassador of the Republic of Azerbaijan to Cairo, and his accompanying delegation, which included Zaur Hasanov, Director of Business Development at the State Oil Company of the Republic of Azerbaijan (SOCAR).
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. As for the second half of the current fiscal year, it is planned to drill 29 crude oil and naturalgas wells.
The Egyptian International Gas Technology Company (GASTEC) Chairman Abdelfattah Farahat reviewed the most important results of the company’s operations for the year 2024, explaining the strengthening of the naturalgas fueling station network through the operation of numerous stations bearing the company’s brand.
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 naturalgas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.
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