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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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30% of Ghanaโ€™s crude oil consumption purchased through Gold for oil programme โ€“ Lands Minister

Reporting Oil and Gas

Jinapor emphasized that the government’s decision to acquire crude oil without relying on dollars through this innovative approach had significantly curtailed the depreciation of the Ghana Cedi, playing a crucial role in bolstering the national economy.

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Badawi Engages with Chevron, KNOC Leaders at CERAWeek 2025

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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How Natural Gas is Formed: The Origins of Our Energy Source

True Natural Gas

It fuels electricity generation, heats buildings, and serves as a key ingredient in many everyday products. The Role of Temperature in Gas Formation The temperature at which these hydrocarbons formed determined whether oil or natural gas would be produced. But have you ever wondered how natural gas is formed?

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

Aresco

AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.

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Depletion Allowance for Oil and Gas Overview

Aresco

The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.

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

Oil & Gas 360ยบ

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.

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