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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 oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
TotalEnergies is expected to submit this summer a field development plan for the Venus project, while BW Energy and Namibia are finalizing a plan to develop a smaller discovery, Maggy Shino, Petroleum Commissioner at the Namibian Ministry of Mines and Energy, said on Tuesday. Both TotalEnergies and BW Energy are set to make
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. Consequently, it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Trkiye (Turkish Petroleum).
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.
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. Read more of Mr Jiyad's biography here.
The Nigerian National Petroleum Company (NNPC) and its joint venture (JV) partner FIRST Exploration & Petroleum Development Company (FIRST E&P) have confirmed a
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.
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 (..)
The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field 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. By John Lee.
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 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.
Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, 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).
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 Robert Cyran NEW YORK, May 5 (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. (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
EBS Petroleum - an Iraq-registered subsidiary of ZhenHua Oil which is in turn the oil-focused subsidiary of Chinese state-firm Norinco operates East BaghdadSouth.
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. The post Khalda Petroleum Investments to Reach $1B in 2024/25 first appeared on Egypt Oil & Gas.
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.
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.
Petroleum engineering is a critical field that blends creativity and technological competence in today’s energy-intensive environment. But what is petroleum engineering, and how will it influence the future? The post Petroleum Engineering: Key Concepts, Practices, and Careers appeared first on PetroSync Blog.
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 natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
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, 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).
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.
In respect to the Petroleum sector, Minister Kouchouk stated that some EGP 75 billion is allocated as a subsidy for petroleum products, an additional EGP 75 billion to support electricity, and EGP 3.5 The post Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector first appeared on Egypt Oil & Gas.
Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6
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.
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. The post Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025 first appeared on Egypt Oil & Gas.
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.
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. Connell, Jack D. Hightower, Autry C. Stephens and Peggy C. Since Frank T.
Omans Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production. Salah bin Hafiz Al-Dhahab, Director General of Investment at the Ministry of Energy and Minerals, stated to Oman News Agency, that the bid includes blocks 18, 36, 43 and 66.
Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating
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.
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.
Well engineering consultancy and project management firm Zenith Energy hade delivered the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) at
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.
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). CanCambria Energy Corp. for un-risked case.
On the sidelines of the OMC Med Energy Conference and Exhibition 2025 in Italy, Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Arkab, the Minister of Energy, Mines, and Renewable Energy of Algeria, and his accompanying delegation.
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).
As part of his participation in the 17th edition of the OMC Med Energy Conference & Exhibition 2025held in Ravenna, Italy from April 8 to 10, 2025Karim Badawi, Minister of Petroleum and Mineral Resources, visited the Egyptian petroleum sector’s booth at the event.
Moataz Atef, the Undersecretary for Minister’s Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), held a press conference with petroleum journalists and reporters form various mass media outlets.
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