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In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.
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.
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.
Akrake Petroleum, Rex International's indirect subsidiary, has completed the development plan for the Seme field offshore Benin, with the drilling operations scheduled…
France's Vallourec has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of China National Offshore Oil Corporation (CNOOC) and PetroChina in Iraq. By John Lee. According to a statement from the company, these contracts carry potential revenue of over $130 million [IQD 170 billion].
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.
Equipment Maintenance: Technicians are responsible for the maintenance and calibration of equipment used in oil and gas operations. Assisting in FieldOperations: Engineering Technicians may work in the field alongside engineers to assist with the installation, operation, and maintenance of equipment.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes fieldoperations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
He highlighted that this project is a major challenge for sustaining production in the Zohr Field. Initial estimates suggests that these wells would contribute approximately 300 million cubic feet per day (mmcf/d) to production once operational. Mowafy emphasized the importance of adhering to the schedule.
The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - 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) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
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.
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 oil fields. By John Lee.
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. Greenlake Energy: The Low-Cost Contender Greenlake Energy Operating LLC positions itself as a low-cost, high-efficiency operator.
The WDDM concession is located around 90 km offshore Egypt, in the north-western Nile Delta region of the Mediterranean Sea, and is operated by Shell through its joint venture, Burullus Gas Company. The area includes 17 gas fields at water depths ranging from 300 to 1,200 m.
Analyzing production data to improve operations and implement strategies for enhanced production efficiency. Implementing safety measures to prevent accidents and incidents during production operations. Cost Management: Managing operational costs by optimizing production processes and minimizing waste.
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. Additionally, 51 recompletion operations will be carried out, along with the completion of 11 exploratory wells.
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.
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).
Iraq'sMinistry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. Source: Ministry of Oil) The post China's EBS signs Amendment to East Baghdad Oil Field Contract first appeared on Iraq Business News.
Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. The Khor Mor plant operated by the companies provides the fuel for around 75% of the KRI's electricity generation, enabling affordable power for more than 6 million Iraqis in the KRI and other governorates of Iraq.
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
The new drilling rigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.
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. It should include technical, economic, and operational aspects, and be approved by the concerned authorities.
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. The post Badawi Meets with ADES CEO, Discusses Drilling Operations first appeared on Egypt Oil & Gas.
On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.
Kazakhstan agreed at the May 3 meeting of the Organization of the Petroleum Exporting Countries and its allies to produce 1.5 billion expansion of the Chevron-led Tengiz oil field is due to become fully operational this quarter. million bpd in June, compared with 1.85 million bpd in March.
The transaction effectively establishes a fully connected NGL corridor stretching from Western Canada to Eastern Canada, with export connectivity via liquefied petroleum gas (LPG) terminals on the West Coast. We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.
Minister of Petroleum and Mineral Resources Karim Badawi met with bPs Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region.
The Oil Ministry has reaffirmed its commitment to the development of the Akkas gas field , with Deputy Minister for Extraction Affairs, Eng. Source: Ministry of Oil) The post Baghdad Reviews Progress at Akkas Gas Field Development first appeared on Iraq Business News.
For two months in a row, the Organization of the Petroleum Exporting Countries and its allies have agreed to make super-sized production increases that surprised traders and drove down prices. Italys Eni SpA has made similar comments about the giant Kashagan oil field. Last week, Chevron Corp.
NexTier’s management says they are using advanced electric drive equipment, along with automation-enabled pumpdown technology to streamline service operations during well completions. The units’ electrical power needs can be fed by an in-field electrical source. The family also operates Underdog Rentals.
Summary : While an Iranian closure of the Strait of Hormuz, where 20% of world petroleum passes, could push oil to triple digits, the U.S. This addresses a billion-dollar problem, with one operator losing $1.1 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations.
The UAEs Crescent Petroleum and Dana Gas announced on 3 April that expected completion of work to add 250mn cfd capacity to the Khor Mor gas field has been brought forward to 1Q 2026. The expansion project for the field in Iraqi Kurdistan, which is currently producing nearly 525mn cfd, had been scheduled for 2Q 2026 (MEES, 7 February).
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields 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. There are signs that the peak is already at hand.
While liquid yields will vary across the field area and in time as the reservoir pressure drops during field production, the overall elevated liquid yields are expected to be a significant driver of enhanced project economics. Water cut was less than 0.5% Water cut was less than 0.5%
President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to address the status of the new exploration and drilling activities, particularly in the Fayoum 5 oil and gas field in the King Mariout area, to enhance Egypt’s oil and gas reserves.
Minister of Petroleum and Mineral Resources Karim Badawi participated in a roundtable discussion organized by the US Chamber of Commerce in Washington coming in line with strengthening strategic relations between the two countries in the energy sector.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. The post EPROMs 2024 Net Profits Reached EGP 1.096B first appeared on Egypt Oil & Gas.
Midland College has the Advanced Technology Center (ATC) and Petroleum Professional Development Center (PPDC). Industrial Technology Program : Focuses on manufacturing practices and processes, preparing students for roles such as process technology management, manufacturing processes, and maintenance and operations.
The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project. Furthermore, initial estimates indicate it will add approximately one trillion cubic feet (Tcf) of natural gas to the field’s reserves.
The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to start production, according to Shana.
Minister of Petroleum and Mineral Resources Karim Badawi emphasized that workforce development is pivotal to the petroleum sectors success and urged continued prioritization of occupational health and safety in the sector. It also conducted training programs for more than 400 workers, Shehata added.
Khudair affirmed the Ministry's commitment to supporting production continuity in Iraq's oilfields and to facilitating the work of international oil companies operating in the country.
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