Barrel, Field and Government - Energy Aggregated

Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

MARCH 12, 2025

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.

Field

Field Shutdown Barrel Oil

Kazakhstan in Talks With Big Oil to Cut Output

OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party. We are in phases of discussions with the majors, we are having an open dialogue, energy minister Almasadam Satkaliyev said, as quoted by Reuters,

Oil

Oil Barrel Field Government

Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

Oil & Gas 360º

MARCH 6, 2025

billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. While the government has said that the consortium will boost production and revenue from Sacha, the planned handover without a tender has sparked criticism from former oil industry officials, trade unions, and politicians.

Oil

Oil Barrel Field Government

BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. " By John Lee.

Field

Field Oil Exploration and Production Gas

IEW 2025 Days III & IV: India's quest for a gas economy

Oilholics Synonymous Report

FEBRUARY 14, 2025

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. mmtpa from 2026 for 14 years.

Gas

Gas Oil Energy Energy

Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels, the TEN field produced 5.02

Crude Oil

Crude Oil Oil Barrel Field

IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.

Gas

Gas Exploration and Production Oil Pipeline

Nigeria Oil Industry Overview

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The country’s first field began producing in 1958 at a rate of 5,100 BPD. How did this happen? According to its OPEC file , the West African nation is home to 36.97

Oil

Oil Royalty Exploration and Production Government

Petrel Resources Raises £250,000 for Iraq Oil Projects

Iraq Business News: Oil & Gas

MARCH 7, 2025

Petrel has recently submitted an application to assume an existing contract east of Baghdad 4 th Bid round award in 2012, at a remuneration per barrel of $5.38.

Oil

Oil Field Gas Barrel

The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. Governments are struggling to build charging infrastructure, creating adoption barriers. The affordability crisis in EVs is making government incentives unsustainable. Reality Check: U.S.

Oil

Oil Completion Energy Energy

U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. These types of damages, however, have long been prohibited under the general maritime law (the default body of federal common law governing maritime cases) under the familiar Robins Dry Dock rule. Following the spill, the U.S.

Oil

Oil Crude Oil Petroleum Barrel

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

FEBRUARY 24, 2025

While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d in 2025. MMBbl/d in 2025. Chevrons St.

Basin

Basin Oil Gas Exploration and Production

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. Boe may be misleading, particularly if used in isolation.

Energy

Energy Energy Exploration and Production Crude Oil

Top oil executives reckon with downturn even as Trump cheers them on

Oil & Gas 360º

MARCH 10, 2025

President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S.

Oil

Oil Barrel Exploration and Production Energy

Energy Aggregated

Offline for a Decade, Libya’s Mabruk Field Restarts Production

Kazakhstan in Talks With Big Oil to Cut Output

Trending Sources

Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

BP Signs Agreement for Kirkuk Oil Fields Development

IEW 2025 Days III & IV: India's quest for a gas economy

Ghana’s crude oil production dips 9.54% in 2023

IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Nigeria Oil Industry Overview

Petrel Resources Raises £250,000 for Iraq Oil Projects

The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Top oil executives reckon with downturn even as Trump cheers them on

Stay Connected