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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.

Oil 130
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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

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. By integrating these components, companies reduce costs, optimize asset utilization, and eliminate dependence on third-party infrastructure.

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How Do We Inform a Model About a Wellโ€™s Surroundings?

Novi

In Part 4 of this series, we introduced causal modeling , and its utility in debiasing horizontal well datasets. In addition to algorithmic methods, there are also feature engineering improvements we have implemented to provide better information to models about a wells surroundings. Figure 1: Winerack scenarios in the Delaware Basin.

Basin 52
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AI in Oil and Gas โ€“ A Game-Changer for Efficiency and Profitability

Aresco

AI-powered tools assist engineers, geologists, and analysts by providing insights that enhance decision-making. Generative AI is also being utilized for knowledge management, enabling workers to access vital information instantly.

Oil 52
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How to Read a Cash Flow Statement in a Reserve Report โ€“ Part III

CG&A

The report could involve only one well, or possibly tens of thousands of wells spread out in numerous productive basins targeting different reservoirs and involving various operators. In fact, for this particular evaluation individual well rate versus time plots were utilized for decline curve analysis (DCA) to forecast future production.

Oil 52
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8

Energy 130