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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Engineering and construction activities for the Structure A platform are already underway, with offshore drilling set to begin in the first half of 2025.

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Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. crude output to grow from 13.2 million bpd in 2025, while gas production is expected to rise to 104.6 billion cubic feet per day (bcfd) in 2025. crude oil inventories increase by 4.6

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Permian Growth and Midstream Investment: Enterprise Products Partnersโ€™ Expansion Strategy

Oil Gas Leads

Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. Key Investments: Two new gas processing plants set to go online in 2025.

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ONEOKโ€™s Expanding Footprint in the Permian Basin

Oil Gas Leads

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025. Additional crude and NGL gathering expansions.

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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. ” Pierce H.

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U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

March 10, 2025 The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions.

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Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Key Developments: Iraq will continue efforts to compensate for past overproduction.

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