Energy Central

DECEMBER 5, 2024

BP is making significant strides in Egypt's energy sector by planning to explore six new oil and gas concessions. Recent discussions surrounding this expansion highlight BP's focus on accelerating production timelines, with the company's CEO.

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Aresco

MARCH 13, 2025

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.

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Oil & Gas 360º

MARCH 7, 2025

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4

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Egypt Oil & Gas

MARCH 11, 2025

Discussions also included the Egyptian side’s potential utilization of Germany’s surplus regasification capacities by leasing one of the floating regasification units currently operating in Mukran Port on the German Baltic Sea. They also reviewed the standards and regulations governing the operation of carbon markets.

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DIC Oil Tools

JANUARY 29, 2024

DIC is one of the leading Suppliers of the highest-quality products for the Oil & Gas Industry. DIC Oil Tools is a Brand by a Dedicated Impex Company. We supply the complete range of OCTG and Accessories and other oil requirements with the highest quality standards in the industry. What Does Drill Collar Mean?

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Egypt Oil & Gas

MARCH 13, 2025

Omans Ministry of Energy and Minerals has signed an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54 in Oman. Both companies have formalized a Joint Operating Agreement (JOA) to streamline operations within Block-54.

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Egypt Oil & Gas

MARCH 13, 2025

On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.

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Aresco

JULY 17, 2024

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

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Nestoil

SEPTEMBER 4, 2024

The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution.

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The Energy Law

MARCH 26, 2019

District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]

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IBM: Oil & Gas

APRIL 27, 2021

We gained these benefits from a recent project to apply artificial intelligence (AI) to early exploration research. This helps them to make better and faster decisions in the intense competition for gas and oil exploration contracts. Interested in solutions for oil and gas?

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The Energy Law

APRIL 12, 2022

In Litel Explorations, LLC v. million dollars in emergency costs from prior operators of an orphaned well. The Court held that, when the LDNR spends monies from the Oilfield Site Restoration Fund on emergencies, it can only recoup those costs from the well’s operator of record and its working interest owners. LLC , 21-0741 (La.

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The Energy Law

JUNE 30, 2023

However, HB 537 provides an exception for those “adversary” entities who have already been conducting oil and gas operations in the state. According to the American Petroleum Corporation, Louisiana’s oil and gas resources provide over 54 billion dollars in economic, trade, and job benefits.

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. The company was originally part of the consortium that discovered oil in Kirkuk in the 1920s. The project is expected to commence in 2025 and meets BP's investment returns criteria.

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Rextag

DECEMBER 18, 2024

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. In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., million barrels of oil equivalent per day (boe/d) globally.

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Oilholics Synonymous Report

NOVEMBER 5, 2024

At the opening ceremony on Monday, ADNOC's CEO and the UAE's Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber said the state-operated energy company will deploy autonomous AI for the very first time and called on his peers to embrace it too for the benefit of the wider energy industry.

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The Energy Law

JANUARY 26, 2016

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms.

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Aresco

FEBRUARY 14, 2024

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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Pro-Gas Services

FEBRUARY 12, 2025

At Pro-Gas LLC in Dallas, we get that maximizing efficiency in Natural Gas Liquid (NGL) production is crucial for success in today’s competitive energy market. Lets look at some strategies and technologies for maximizing efficiency in NGL production, from advanced separation techniques to energy optimization and process control.

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The Energy Law

MAY 22, 2023

The rising demand for lithium, combined with Federal tax credits for lithium production, has intensified lithium exploration efforts. Formed during the Jurassic period, this geological formation has been tapped for oil and gas, as well as brine for production of bromine, since the 1950s.

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DIC Oil Tools

JANUARY 2, 2024

DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. DIC all products are tested numerous times under technical guidance and are made from Premium quality material. DIC is an Exporters of OCTG Pipes Worldwide.

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DIC Oil Tools

JULY 31, 2024

Dedicated Impex FZE is a provider of Drill Pipe Protectors and operates under the brand name DIC Oil Tools. We offer a comprehensive range of thread protectors and other oil-related products, all meeting the industry’s highest quality standards. DIC products have earned ISO and API certifications.

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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Rextag

JANUARY 29, 2025

Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 energy production spanning Texas and New Mexico. billion, including debt.

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Egypt Oil & Gas

MARCH 13, 2025

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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Rextag

DECEMBER 23, 2024

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.

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Egypt Oil & Gas

MARCH 12, 2025

During the meeting, the two sides discussed the latest developments regarding the company’s recent successful drilling activities in the Mediterranean at the north of Alexandria, in which the company is investing in Egypt as a partner with bp, the main operator.

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Pro-Gas Services

JANUARY 17, 2025

Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain.

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Oil Review Middle East

MARCH 11, 2025

Huntings recent announcement of the acquisition of the Organic Oil Recovery (OOR) enhanced oil recovery technology from its founding shareholders, for US$17.5mn, also has the potential to boost this expansion, as it will allow the company to accelerate commercialisation across North America and the rest of the world.

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Egypt Oil & Gas

MARCH 9, 2025

During the discussion, Badawi reviewed the areas of cooperation between Egypt and US companies in the petroleum sector, praising the vital role these companies play in supporting exploration and production efforts.

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McKinsey

JULY 14, 2020

Exploration and production companies born during the shale boom are struggling in the era of cash. Lessons from other heavy industries can help them transform their operations from end to end.

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The Energy Law

MARCH 28, 2022

Like traditional exploration and development, CCUS projects require the operator to secure both the necessary private property rights from landowners as well as regulatory approval from the appropriate administrative agency in order to proceed. In addition to the unit order, the operator must receive approval for its injection wells.

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The Energy Law

OCTOBER 6, 2014

In early November, the Texas Federal Tax Institute will host the TexFed: Oil & Gas Tax Conference in New York City. The conference targets attorneys, accountants and corporate finance personnel with an interest in understanding how these transactions are implemented to meet the objective of the parties.

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The Energy Law

JANUARY 11, 2007

Two developments this week will increase protections for South Louisiana’ s Port Fourchon and Louisiana Offshore Oil Port (LOOP). Port Fourchon handles more than 75% of the oil and gas production from the Gulf of Mexico, while LOOP is the only port in the U.S. capable of offloading the deepest draft tankers.

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Egypt Oil & Gas

MARCH 6, 2025

During the meeting, the Minister discussed to implement investment incentive programs in the oil and gas sector during the last eight months since the government was assigned , which clearly contributed to achieving positive indicators to accelerate drilling operations and production in many projects in cooperation with investment partners.

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The Energy Law

AUGUST 20, 2012

Moreno On August 16, 2012, EPA published a new rule that revises the NESHAP Subpart HH standards for the oil and gas industry. The 1999 EPA NESHAP standard for oil and natural gas production facilities (Subpart HH) specified the equipment to be considered to be “associated” with oil and gas wells for purposes of the regulation.

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Novi

JULY 30, 2024

As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? Operators have limited tools to forecast these scenarios because of limitations in physical and statistical modeling unique to shale wells. Figure 3: Spacing and production in the Delaware Basin.

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