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Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. The Leviathan shutdown is already impacting gas flows to Egypt, according to Bloomberg sources close to the pipeline network.
Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.
Egypt is facing the prospect of blackouts in June as the Israel-Iran conflict escalates. Both Leviathan and Karish have been shut down, reducing flows from Israel, while LNG imports have stalled on limited infrastructure.
May 29, 2025 Chart of the Day EOA: Libya’s Crude Exports are at the Highest Level Since 2011 but Face a Threat of Halting Bloomberg: Libya’s State Oil Company Faces Shutdown Threat After Gunmen Storm HQ Subscribe now Summary Libya’s oil production has risen as new fields come online.
Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. While Iran consumes all its gas domestically due to sanctions, neighboring Qatar exports 77M tonnes annually from the shared field with Exxon and Shell. to April highs after Friday’s 4.8%
The lost volumes have resulted in the shutdown of some gas-fired power plants and a loss of about 3,800 megawatts of generation. It’s also been trying to reduce the amount of wasteful gas flaring from its own fields, and has been looking at buying LNG for years as a way to fill the shortages.
In this scenario, we have a variety of electric motors in the field, sending sensor readings. Sensor data arrives in JSON format, including a motor ID field. If it detects an anomaly, then the agent generates a summary and invokes a notification action from the defined action groups to send a notification to field operation teams.
While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers.
As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields. This could force operators to stop production in previously profitable fields.
By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error.
How the development, validation, and large-scale deployment of online solids management systems is saving operators money by releasing flowback equipment sooner, minimizing equipment damage due to solids carry-over, and reducing the need for shutdowns and confined space entry cleanout operations.
The industry is no longer dealing exclusively with conventional natural gas from well-established fields. This allows for maintenance to be scheduled proactively, preventing unexpected shutdowns and reducing costs. The Rise of Unconventional and Renewable Gas Sources The composition of the gas itself is changing.
This could be due to many reasons such as waiting on weather, workover of other wells, postponed while waiting on equipment delivery, the rig has been skidded performing work on adjacent wells, or construction activities are ongoing in the field.
While we have seen no material impact on Shaikan Field operations to date, we are closely monitoring the developing conflict between Israel and Iran. The Company has performed well in the year to date, with robust local sales demand enabling gross average production of c.44,900 Looking ahead, our 2025 annual guidance is unchanged.
Quietly, smartphone apps and the ability of accounting software to mine and analyze data from field monitoring systems have replaced paper forms, lost tickets and intermittent readings with smooth dataflow, real-time data, and real efficiencies. Nonetheless, it looks radically different than it did 10, even five years ago.
bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 million in 2024 (2023: $50.1 million (2023: $123.5m) as the increase in 2024 volumes more than offset the 34% decline in average realised price to $26.8/bbl bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),
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