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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libyas ability to meet both domestic and export demands. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Upstream Midstream Downstream โ€“ What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

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

Oil & Gas 360ยบ

In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity.

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Badawi Engages with Chevron, KNOC Leaders at CERAWeek 2025

Egypt Oil & Gas

In his meeting with Neff, the two sides reviewed the promising investment opportunities in the Egyptian oil and gas sector and the company’s activities in Egypt, most recently exploration operations in the North Dabaa Offshore Concession in the western Mediterranean.

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U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

Offshore drilling activity increased , with the rig count rising by one to 14. rig count is down by 30 rigs (-5%) , which includes declines of 18 oil rigs and 14 gas rigs. crude oil production will rise from a record 13.2 natural gas production is forecasted to reach 104.6 million bpd in 2025.

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Nigeria Oil Industry Overview

Drillers

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. The third-largest oil player in Nigeria also comes from the United States. Exxon comes next: the U.S.

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