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

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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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.

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Petro-Victory Eyes Acquisition of Oil Fields in Brazil's Potiguar Basin

Rigzone: News

The fields are located in two producing assets: the Porto Carao Cluster and the Barrinha Cluster.

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Petro-Victory to Acquire Brazil's Capixaba Energia

Rigzone

The acquisition includes four oil fields in the Esprito Santo Basin, including the Lagoa Parda Cluster, plus two exploration blocks adjacent to major producers.

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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.

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New study shows huge variation in how different oil companies manage climate pollution โ€“ underscores need for more oversight

Energy Central

By EDF BlogsBy Jon Goldstein and Ben Hmiel For the last several years, researchers have been studying methane emissions in the Permian Basin (the nationโ€™s largest oil field) to try and understand just how much climate pollution specific oil companies may be responsible for.

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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.

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