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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
Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oilfield, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oilfields 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.
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
(World Oil) –MOL has discovered a new oilfield near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary.
Chinas Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraqs first fully integrated energy project. It also includes the construction of a 520,000-tonne annual capacity fertilizer plant, developing a
As geopolitical tensions escalate, energy professionals are closely monitoring the situation’s impact on oil prices, market dynamics and long-term industry outlook. Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month.
Brent Crude $66.90 +0.65% Natural Gas $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. Smart Oil Investment Ltd.
As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oilfields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
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.
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).
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oilfields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
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 natural gas 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.
Rebalancing IOCs Positioning in the Upstream Petroleum Sector in Iraq The Ministry of Oil (MoO) recently concluded an agreement with BP covering four main oilfields in Kirkuk , following an earlier contract with an unidentified Ukrainian company to resume development of the Akkas gas field.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. from 2018-2024.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. CanCambria Energy Corp. The CanCambria model of applying new technology is key to unlocking this area.
The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad OilField - Southern Region , adding 95 km west of the Diyala River. According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.
(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.
(BOE Report) –NEW YORK (Reuters Breakingviews) Oilfields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Twenty years ago, the U.S.
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] oilfield, 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).
The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oilfield in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. Source: Ministry of Oil) The post Seismic Survey of Naft Khana Field Completed first appeared on Iraq Business News.
Iraq'sMinistry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oilfield with EBS Petroleum. Additionally, the agreement covers the construction of four oil storage tanks, two with a capacity of 10,000 cubic metres and two at 3,000 cubic metres. By John Lee.
Omans Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production. The post Oman Launches Bid Round for Oil and Gas Exploration first appeared on Egypt Oil & Gas. He added that applying to these areas is opened until June.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. This can involve both laboratory testing and field testing of equipment.
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with the Ministrys undersecretaries, heads of holding companies, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Mineral Resources Authority (EMRA), alongside CEOs from across the petroleum and mineral resources sectors.
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.
According to an Oil Ministry statement, technical and engineering teams continue to work efficiently to achieve high completion rates, in line with Ministry of Oil directives to expand production and strengthen infrastructure in Iraq's oilfields.
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.
The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai … Read More The post NIGERIA: First E&P Reports Significant hydrocarbon Discovery in the Songhai Field, OML 85 (..)
(World Oil) – Kazakhstan is considering its options for complying with the countrys OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. Central Asias largest oil producer is considering all possible options for meeting its commitments.
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 natural gas wells.
Four new members will be added to the Petroleum Hall of Fame Thursday at Bush Convention Center in Midland. Worthington were selected by the board of the Permian Basin Petroleum Museum. It became one of the largest private oil and gas companies in the Permian Basin drilling thousands of wells across west Texas. Connell, Jack D.
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 post PETROJET Completes Manufacturing Sub-Sea Systems for Export to Angola first appeared on Egypt Oil & Gas.
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. Production Engineers need to balance technical expertise, operational efficiency, and safety measures to ensure the optimal and sustainable production of oil and gas resources.
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.
Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.
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.
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.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
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