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(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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.
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.
Kicking off the first large Permian deal of 2025, Diamondback Energy acquired part of the assets of Double Eagle IV for $4.1 The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. million per location. [2] million per location. [2]
Iowa Production, et al. 30:2025. (b) 30:2025(E). In 2003, the Louisiana Supreme Court rendered its landmark decision in Corbello, et al. Since then, Louisiana courts have seen a steady stream of “legacy litigation” claims being filed. The purpose of the Louisiana Environmental Quality Act is twofold.
(Oil & Gas 360) Publisher’s Note: CanCambria Energy will be presenting at the 30th Anniversary of EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Beltgens has been President and Director of Somerset Energy Partners, a private South Texas-focused oil production company.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. million acres in Alberta.
133 also extends the Internal Revenue Code Section 45Q (“Section 45Q”) tax credit program for CCS projects by two years, giving developers of carbon capture projects until the close of 2025 to commence construction on projects eligible for the credit. As part of this effort, Exxon is creating a new entity, ExxonMobil Low Carbon Solutions.
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