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Image by photosbyjim via iStock Anacortes, Washington-based Pacific Petroleum Operating LLC said it completed its acquisition of a portfolio of oil-producing assets located in Wyoming from a portfolio company of an undisclosed private equity group for a total purchase price of $9.65 The structure for Pacific Petroleum leverages a U.S.
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world.
(World Oil) – Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2
Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design.
The Egyptian General Petroleum Corporation (EGPC) signed a strategic Memorandum of Understanding (MoU) with its partner, the Siemens, DNV, and EnExpert Energy Consortium. It is worth mentioning that DNV is an independent assurance and risk management provider with a significant presence in Egypt.
(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”
Oil & Gas 360 – Landmark 30 th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com DENVER – July 31, 2025 – EnerCom, Inc., Guaranteed.
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown.
India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. Currently, India’s underground Strategic Petroleum… In case of exigencies, we will be better prepared,” Jain said.
Azule Energy has reached first oil production from the Agogo floating production, storage, and offloading (FPSO) vessel offshore Angola. The Agogo FPSO has a production capacity of 120,000 b/d of oil. About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal.
“These technologies meet the precision standards required by the Bureau of Land Management and ensure that all mineral owners receive their fair share” It estimates up to $1.8 The current rules were written for a different era” The American Petroleum Institute welcomed the proposal.
In 1933, Thomas Dewhurst (1881-1973), then President of the Institute of Petroleum in the United Kingdom, organized WPC’s first Congress, which now over 90 years later is in its 25th iteration, and the Dewhurst Award is a tribute to Dewhurst and to its recipient, who will also present the Dewhurst Lecture. Nasser (Saudi Arabia, 2023).
(Oil & Gas 360) – Five Nuclear Companies to Present at EnerCom Denver – The Energy Investment Conference Qualified Investors, Analysts and Energy Industry Professionals Can Register at No Cost at www.enercomdenver.com DENVER – July 23, 2025 – EnerCom, Inc.,
API 580, the global standard for Risk-Based Inspection (RBI), plays a vital role in enhancing safety, reliability, and efficiency in the oil and gas industry. This internationally recognized framework offers a systematic approach to identify, assess, and manage risks related to equipment integrity.
Management indicated that even excluding organic growth, contributions from the latest acquisition alone are expected to lift results above guidance. is one of the largest energy infrastructure companies in North America, operating pipelines and terminals that transport natural gas, refined petroleum products, crude oil, and carbon dioxide.
Supported by the Kuwait Oil Company and Kuwait Integrated Petroleum Industries Company , these official platforms will individually bring together over 500 senior decision-makers, 40+ expert speakers, and 50+ global and regional solution providers.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders. Institutional investors, family offices, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. crude oil production, or nearly 2 million bopd. According to the U.S.
Image by Redhuan Ramli via iStock EnerMech Limited has secured a three-year contract with Dana Petroleum Limited for Offshore Shutdown Support Services for the Triton floating, production, storage, and offloading (FPSO) vessel. Under the agreement, EnerMech will incorporate its own System Integrity Management (SIMPro) software.
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. 22, 2021 About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. He is a member of the Society of Petroleum Engineers (SPE).
About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. He is a member of the Society of Petroleum Engineers (SPE). Sign up for Oil & Gas Journal Newsletters SIGN UP Related CNOOC begins production at Weizhou 5-3 development project EOG paying $5.6
Image by ricardoreitmeyer via iStock The cost of shipping Middle East crude to customers in Asia collapsed on Thursday, the latest sign of oil markets returning to normal after conflict eased in the world’s top petroleum-exporting region. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Charter rates slumped by 17% to 55.50
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. How oil prices are faring after U.S. Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. Read more Iran has an oil card to play.
Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. 10 âCO 2 storage projects in Europe,â International Association of Oil and Gas Producers, March 2024.
The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. MORE FROM THIS AUTHOR Rocky Teodoro Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Longitude’s engineering scope comprises the detailed design of deep-water rigid jumpers, development of fabrication drawings, onshore and offshore handling procedures, offshore installation engineering, process and stress modelling, and key HSE studies and engineering workshops. “We
PFLNG 3 is the project company tasked with the upcoming shore-based floating liquefied natural gas (LNG) facility in the Sipitang Oil and Gas Industrial Park (SOGIP) in Sabah. Earlier this month, Petronas formalized several key agreements with the state of Sabah through its unit, Malaysia PetroleumManagement.
On the vendor/supplier side, Houston-based Vertice Oil Tools acquired Greenwell Engineering Inc. NexTier’s management says they are using advanced electric drive equipment, along with automation-enabled pumpdown technology to streamline service operations during well completions. on April 15. Sometimes you have to eat the cost.
He will be joined by the Lord Provost of Aberdeen, Councillor David Cameron and 2025 SPE President, Olivier Houzé, Co-Founder and Managing Director, KAPPA Engineering. SPE Offshore Europe is organised by The Offshore Europe Partnership, a joint venture between RX (Reed Exhibitions) and the Society of Petroleum Engineers (SPE).
(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. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
Government regulation required gas processing plants to sell liquefied petroleum gas and petroleum products on the domestic market at prices that were significantly lower than the operating cost. Such a price disparity positioned Kazakhstan as a unique anomaly on the global energy map.
Dana Petroleum has operated the Triton FPSO since 2012, playing a key role in the region’s energy landscape since oil production began in 2000. Dana Petroleum has operated the Triton FPSO since 2012, playing a key role in the region’s energy landscape since oil production began in 2000.
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Egypt's EGAS Leases Another FSRU from New Fortress Energy by Jov Onsat | Rigzone Staff | Wednesday, July 16, 2025 | 7:29 AM EST State-owned EGAS contracted a second floating storage and regasification unit from New Fortress Energy for five years.
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. Senate Bill 494 aims to combat the theft of petroleum products in Texas by creating a dedicated task force within the Railroad Commission of Texas.
A Production Engineer in the oil and gas industry plays a critical role in managing and optimizing the production of hydrocarbons from oil and gas reservoirs. Reservoir Pressure Management: Managing reservoir pressure through techniques like water or gas injection to enhance production rates and recovery.
Based on our analysis of recent developments, here are the top 5 trends shaping APA’s priorities for the rest of the year: Permian Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Highlights include: A 22% reduction in breakeven oil price on Delaware acreage.
“Louisiana serves as an energy hub, playing a critical role in the nation’s oil, gas, and maritime industries,” the company added. “As one of the top oil and gas production areas in the world, the region is home to a substantial workforce dedicated to the energy sector.
4, 2025 Key Highlights · bp made an oil and gas discovery at the Bumerangue prospect deepwater offshore Brazil in Santos basin. 4, 2025 Key Highlights · bp made an oil and gas discovery at the Bumerangue prospect deepwater offshore Brazil in Santos basin. He is a member of the Society of Petroleum Engineers (SPE).
million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. US crude oil refinery inputs averaged 16.9 US crude oil imports averaged 6.1
Houston-based 1PointFive, subsidiary of Occidental Petroleum, said Tuesday that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal credits over 10 years enabled by direct air capture. The post JPMorganChase purchases 50,000 metric tons of carbon dioxide removal credits appeared first on Permian Basin Oil and Gas Magazine.
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. miles along CR 100, this site includes a central tank battery and a saltwater disposal unit critical for produced water management.
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