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Iran is making “good progress” on its first concerted oil drilling operation in the Caspian Sea in 30 years, a senior energy source who works closely with the Islamic Republic’s Petroleum Ministry exclusively told OilPrice.com over the weekend.
billion contract to Strategic Storage Partners, LLChardly a household nameto manage the Strategic Petroleum Reserve (SPR)Americas emergency stash of crude oil. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal PetroleumOperations (FFPO) on June 15, 2025.
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.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crude oil inventories are 8% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of June 6, 2025. million barrels from the previous week.
says PowerTap Hydrogen Fueling, its investee company, has executed a definitive agreement with Humboldt Petroleum Inc., Peninsula Petroleum LLC and Colvin Oil I LLC (collectively, the Andretti Group) to install PowerTap’s modular hydrogen fueling stations this year. Clean Power Capital Corp. – […].
South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate and energize the countrys long-stalled hydrocarbons sector. Reducing oil imports, bolstering energy security, and tapping into over R95 billion in potential investment.
Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The new MarkWest, aka MPLX, plays on a much larger stage now, including the ownership and operation of major assets in the Permian Basin.
Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 The export facility is expected to begin operations by late 2029, subject to securing legal and regulatory approvals. million metric tons per year at Prince Rupert, Canada.
This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. billion acquisition of Encino Acquisition Partners (EAP).
(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.
Gasoline production was cut back on Saturday at Marathon Petroleum’s 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas due to a fire on the residual hydrotreater, said people familiar with plant operations.
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related managements discussion and analysis (MD&A) for the three months ended March 31, 2025.
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related managements discussion and analysis for the three months ending 31 March 2025, on Tuesday, May 6, 2025 at 07:30 CET, followed by an audiocast at 09:00 CET.
Calgary, Alberta – TheNewswire – (May 29, 2025) Tenth Avenue Petroleum Corp. TPC or the Company) (TSXV:TPC) is pleased to announce its financial and operating results for the three months ended March 31, 2025.
Minister of Petroleum and Mineral Resources, Karim Badawi, visited the infrastructure for receiving, and storing petroleum products and LNG at Sokhna Port, operated by Sumed and Sonker companies. The post Egypt Petroleum Minister Tours Key Sokhna Port Energy Infrastructure first appeared on Egypt Oil & Gas.
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.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, 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.
Khalda Petroleum Company (Apache) has successfully made three new oil and natural gas discoveries in its concession areas in the Western Desert. The post Khalda Petroleum Company Makes 3 Oil, Gas Discoveries first appeared on Egypt Oil & Gas.
Akrake Petroleum, Rex International's indirect subsidiary, has completed the development plan for the Seme field offshore Benin, with the drilling operations scheduled…
billion contract to manage and operate the U.S. Strategic Petroleum Reserve for an extendable five years. The DOE awarded Strategic Storage Partners a $1.4-billion
In alignment with Egypt’s petroleum sector’s social responsibility strategy and its commitment to community development, the Ministry of Petroleum and Mineral Resources (MoPMR) has inaugurated the development and rehabilitation projects of the villages of Aleppo, Khaled bin Al-Walid, and Abu Masoud in Alexandria.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 30, 2025. Refineries operated at 93.4%
Offer Combined Consulting Services: The partnership will prepare for and tackle complex planning and operational challenges within the energy industry. “We are delighted to partner with Entrac Petroleum, a company with a strong reputation for quality training and consulting services.”
Scheduled to be operational in mid-2021, the station will refuel vehicles powered by liquified petroleum gas (LNG) and compressed natural gas (CNG). Grupa LOTOS, LOTOS Paliwa and Remontowa LNG Systems have signed an agreement to develop LNG and CNG refueling capabilities at LOTOS’ service station in Gda?sk-Osowa, sk-Osowa, Poland.
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.
Petroleum giant bp has reached a deal for bp’s global EV charging business, bp pulse, to install and operate EV charging Gigahubs on 75 sites with Simon Property Group, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations.
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.
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.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
Initial estimates suggests that these wells would contribute approximately 300 million cubic feet per day (mmcf/d) to production once operational. The post Petroleum Leaders Inspect Zohr Fields Subsea Cable in Norway first appeared on Egypt Oil & Gas.
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.
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. Evolution said the assets will be managed by a top-tier private operator. Closing is expected in 3Q.
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 14, 2025. Refineries operated at 86.9%
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
Equipment Maintenance: Technicians are responsible for the maintenance and calibration of equipment used in oil and gas operations. Assisting in Field Operations: Engineering Technicians may work in the field alongside engineers to assist with the installation, operation, and maintenance of equipment.
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 16, 2025. Refineries operated at 90.7%
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 9, 2025. Refineries operated at 90.2%
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 2, 2025. million barrels from the previous week.
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 25, 2025. Refineries operated at 88.6%
commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 18, 2025. Refineries operated at 88.1%
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