article thumbnail

Galp Expects New Field to Boost Its Production in Brazil by 40%

OilPrice

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The expected start-up of the Bacalhau field, operated by Norways Equinor, is set

Field 292
article thumbnail

Saudi Arabia and Kuwait Announce New Oil Discovery

OilPrice

Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations had made a new oil discovery in the North Wafra Wara-Burgan field, located 5 kilometers (3.1 miles) north of the Wafra field, the official Saudi Press Agency reported.

Oil 330
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oil and Gas Explorers Focus on Near-Field Plays

OilPrice

Across the globe operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects instead of expensive, high-risk exploration plays.

Field 196
article thumbnail

Equinor’s Giant New Arctic Find Starts Pumping to Recoup $8B in 2 Years

OilPrice

Located approximately 100 kilometers north of the Snhvit field, Castberg is now the second operational oilfield in Norways Barents Sea, following Vr Energi's Goliat field, which began production in 2016. The Johan Castberg field is based on three key

Field 293
article thumbnail

Field Goals 

American Gas Association

News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. When field services and customer service come together successfully, theres no telling what might happen.

Field 130
article thumbnail

bp and Iraq finalize contract for Kirkuk oil field redevelopment

Oil & Gas 360º

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. Calgary, Canada – September 21, 2012: BP’s Canadian head office in Calgary Alberta. Mohammed Shia’ Al Sudani, H.E.

Field 130
article thumbnail

Wildfires Return to Canada’s Oil Heartland

OilPrice

Albertas wildfire season is off to a fiery start, with a major blaze near the town of Swan Hills prompting evacuations and temporarily shuttering oil operations. Aspenleaf Energy, active in the area, has shut in about 4,000 boepd and evacuated field crews out of precaution.

Oil 260