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Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.
Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week. Given the significant volume of conventional
The major oil producers in the Middle East are exporting record volumes of refined petroleum products, reducing the overall impact of their crude production cuts on the market, Reuters reports, citing flow-tracking data and analysts. This has likely negated part of the potential bullish
says PowerTap Hydrogen Fueling, its investee company, has executed a definitive agreement with Humboldt Petroleum Inc., Peninsula Petroleum LLC and Colvin Oil I LLC (collectively, the Andretti Group) to install PowerTap’s modular hydrogen fueling stations this year. Clean Power Capital Corp. – […].
(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.
The regular general assembly of Nile Petroleum Company was chaired by Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), and was held in the presence of leaders from the Ministry of Petroleum and Mineral Resources and heads of contributing companies to review the companys performance for 2024.
Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. The acquisition extends Evolutions asset portfolio with about 440 boed of net production (60 percent oil, 40 percent natural gas). Closing is expected in 3Q.
objections, petroleum-rich Gulf countries are capitalizing on cut-rate prices TWSJ BY BENOIT FAUCON AND SUMMER SAID, APRIL 17, 2023 As Russia scours the globe for buyers of its energy products, it is finding eager trade partners in an unlikely place: The oil-rich petrostates of the Persian Gulf. Despite U.S.
Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
The post Petroleum Minister Focuses on Booming Mining Industry at CERAWeek Panel first appeared on Egypt Oil & Gas. Badawi reviewed Egypt’s ambitious vision to develop the mining sector, its efforts to attract more foreign direct investments and bolstering the added value manufacturing in this sector.
Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Trkiye Pipeline.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1
It should come as no surprise that the oil and gas industry is attempting to use the current crises of energy security and inflationary prices to its advantage. To that end, the American Petroleum Institute (API) has released a ten-point plan they deem is responsive to these current events. The Institute’s pitch is a ploy.
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.
Yours truly will be holding three panel sessions and two fireside chats at the event with Hardeep Singh Puri, India's Honorable Minister of Petroleum and Natural Gas, and Chris Ashton, Chief Executive Officer of Worley. The three panels will include distinguished industry thought leaders. To follow The Oilholic on Twitter click here.
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses
Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 appeared first on Permian Basin Oil and Gas Magazine.
What can the petroleum industry do other than turn its product into fuels to burn? In Alberta, the first baby steps include a competition to turn byproducts of its oil sands production into carbon fibre products that can compete with materials such as steel, aluminum, concrete and plastic.
(Oil Price) –American and Vietnamese companies signed this week several agreements in the energy and minerals sectors estimated to be worth $4.15 billion, as the Southeast Asian country looks to avoid U.S. tariffs and boost cooperation with U.S. The agreements are valued at $4.15 Vietnam is also pushing for the U.S.
The news about Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, signing several memorandums of understanding (MoUs) to advance the country's oil and gas sector marks a significant step in enhancing its energy capabilities.
Hardeep Singh Puri, Minister of Petroleum & Natural Gas, India and Chris Ashton, CEO of Worley. Indias Energy Source Shifting Agility Will Define Its Transition, Says Oil Minister, September 20, 2024. Policies On Natural Gas, September 18, 2024. UKs Cleantech And Green Energy Focused Wealth Fund Is Anything But, September 24, 2024.
However, HB 537 provides an exception for those “adversary” entities who have already been conducting oil and gas operations in the state. On its face, such a sweeping ban on the acquisition of immovable property by foreign corporations in Louisiana could have the potential to negatively affect the state’s future in oil and gas industry.
percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields.
oil production. As such, as I write this they have only reported the monthly oil production numbers through September (Link). Nevertheless, the EIA reports weekly numbers and the four-week average in its Weekly Petroleum. Now that 2022 is behind us, we can review final numbers for U.S.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. All at a time when oil prices are currently lurking around 2021 lows. It also served as a curtain raiser for India Energy Week 2025.
Paramount Pluss Landman show supports Oil & Gas And hell, its in everything. The it is oil, but this isnt an Energy Transfer commercial , its a clip from a recent episode of Landman , the latest hit show from writer/producer Taylor Sheridan , creator of the mega-popular Yellowstone and other TV series and movies.
The Bank of Ghana (BoG) has announced that it will gradually phase out the Gold for Oil policy, implemented in February 2023 to stabilize fuel prices. The Gold for Oil policy was a crisis management policy. The Central Bank believes that the programme has achieved its purpose and is no longer necessary. Source: Citinewsroom.com
Among them, rather curiously, was UK's eco-zealot minister Ed Miliband who attempted to portray to a foreign audience that he actually cared about the North Sea calling his country a "proud oil and gas producer." Here's The Oilholic's full report for Forbes on the opening remarks. That's all for now folks.
Bassem Mohammed Khudair, Undersecretary for Extraction at Iraq's Ministry of Oil, chaired a high-level meeting on Thursday to discuss the development of Exploration Block 3. Source: Ministry of Oil) The post Iraq Advances Development of Exploration Block 3 first appeared on Iraq Business News.
Monday also saw several ministers speak at ADIPEC including the UAE's energy Suhail Al Mazroui and India's minister for petroleum and natural gas Hardeep Singh Puri, as did OPEC Secretary General Haitham Al Ghais, fresh from the crude producers' group's decision to postpone its planned production increase by a month. That's all for now folks.
Oil price in Brazil This week's news reports on a "novelty" in the area of petroleum derivatives. Official oil prices are below international parity and have been now for quite some time. As Brazil is not self-sufficient in oil, it needs to import. And so what? But selling for less than you pay is not.
The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies are ready to restart oil exports from Iraqi Kurdistan once agreements are in place. 22, that expediting oil exports through the ITP will, ".strengthen By John Lee. We agree with Iraqi Prime Minister Al Sudani's statement on Feb.
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.
In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. The Texas Supreme Court recently released its opinion in Van Dyke v.
Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.
With this certification, ETHYDCO emerges as one of Africas first companies to produce SKZ-certified PE80/EN1555 plastic piping materials, boosting Egypts competitiveness in both domestic and global markets while advancing national goals to reduce dependency on imported petroleum derivatives, the Ministry said in a statement.
crude oil inventories grew by 545,000 barrels last week to reach 430.3 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 In contrast, crude oil refinery inputs dropped by 281,000 bpd to 16.2
’s progress in reducing emissions over the past decade has come from investments made by the oil & gas industry? According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. Did you know that most of the U.S.’s In fact, the No.
AIUT), a hardware and software provider specializing in the internet of things (IoT)-based solutions in the oil and gas markets, has integrated Semtech’s LoRa devices and the LoRaWAN protocol into its new line of intelligent sensors for […]. Semtech Corp.,
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