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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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

Oil 130
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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.

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Expanding Machine Learning Models for Better Production Forecasting in Emerging Shale Basins

Novi

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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

Aresco

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

Oil 52
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1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

As we wrap up the year in December, were taking a moment to reflect on the early 2000s, when the oil and gas industry was booming with bold ideas and big changes. Chevron Invested heavily in unconventional gas and LNG, particularly in the Gulf of Mexico and the Barnett Shale. Production in the U.S.

Oil 52
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Christmas Eve Edition: 2024 Oil and Gas Results โ€“ Top Deals and a Bonus to End the Year

Rextag

At Rextag, we couldnt think of a better gift for our readers than a look back at the deals that shaped the oil and gas industry this year. So, while you sip your cocoa and enjoy the holiday glow, lets dive into the most impactful oil and gas deals of the yearcomplete with a festive bow and a little extra surprise at the end.

Oil 52
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Keep It Fresh, Keep It Relevant

Permian Basin Oil and Gas Magazine

Regardless if you are a safety professional, a worker out in the field, or an executive, I appreciate you taking a small part of your day or month to read whats going on in the field of safety. Conversely repetition can be our enemy, especially with experienced field personnel, office personnel, and with executives.

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