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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. feet) deep.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields 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.
Rebalancing IOCs Positioning in the UpstreamPetroleum 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.
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.
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. This can involve hands-on work in the field or in a laboratory setting.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.
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, Natural Gas, Drilling, Hydraulic Fracturing, Field Development, (..)
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.
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.
His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Gatti served on the Board of Helix Energy Solutions Group, Inc.
The signing ceremony, held on Thursday, was attended by Bassem Mohammed Khudair, Deputy Minister for Upstream Affairs; Russian Ambassador Elbrus Kutrashev; the Director General of Dhi Qar Oil Company (DQOC) ; the Director General of the Petroleum Contracts and Licensing Directorate (PCLD) ; the Director General of the Reservoirs and Field Development (..)
She also emphasized the vital role of the Women in Energy Network among the petroleum sector. Also, the event witnessed interactive breakout session where the attendees selected the preferred topics to that face the women who are working in the petroleum sector to discuss in groups and find the possible solutions.
Deputy Minister for Upstream Affairs, Bassem Mohammed Khudair, stated that the Ministry will move forward with negotiations to reach a final contract in line with Iraq's oilfield development plans. The project will be undertaken as an integrated investment venture. Hayan Abdulghani Al-Sawad.
On the sidelines of the 10th Annual Powering Africa Summit held in Washington, Minister of Petroleum and Mineral Resources Karim Badawi met with his American counterpart Chris Wright, US Secretary of Energy. This was after the participation of major American companies such as ExxonMobil and Chevron into the upstream domain in Egypt.
Minister of Petroleum and Mineral Resources Karim Badawi took part as a keynote speaker in the 2025 edition of the OMC Med Energy Conference & Exhibition, held in Ravenna, Italy. Badawi emphasized the significance of regional cooperation to maximize and accelerate the utilization of gas resources.
Malaysian Petroliam Nasional Berhad (PETRONAS) and Vietnam Oil and Gas Group (PETROVIETNAM) have signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and the Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for an additional 20 years. The KPA was signed in Hanoi by Datuk Ir.
Irans Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported. He noted that the currently collected APG amounts to 4 bcm per year.
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global … Read More The post Equatorial Guinea Set to Boost Exploration by Attracting New Investors in 2025 appeared first on oilnewsafrica.
On the sidelines of his participation in the CERAWeek 2025 conference, in Houston, Karim Badawi, the Minister of Petroleum and Mineral Resources, held several meetings to boost cooperation and partnerships with international entities. The meeting further discussed leveraging Halliburton’s expertise in developing brownfields.
Upstream developments In the upstream sector, Aramco recorded total hydrocarbon production of 12.3 Aramco also progressed the strategic expansion of its global retail network, with agreements to acquire 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines.
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. The following table reconciles Field Operating Income to the nearest GAAP measure.
Between turbulent economic market conditions and the transformation of the global energy landscape, upstream oil and gas organizations face increasing pressure to exploit new finds and enhance recovery from existing fields. In this volatile business climate, data is a key differentiating asset.
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source.
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