Egypt's Petroleum Min. Inspects Drilling Operations at Shell's Velox-1X Well in Mediterranean

Iraq Launches First Northern Exploration Well Since 1978, Targets 4.3 MMbbl/d

Iraq’s Ministry of Oil has launched drilling operations for a new exploratory well in the northern provinces, marking the first exploration activity in the region since 1978, as part of efforts to expand the country’s hydrocarbon reserves. The ministry stated that the project aims to unlock new oil and gas resources and strengthen upstream activities, [] The post Iraq Launches First Northern Exploration Well Since 1978, Targets 4.3 MMbbl/d first appeared on Egypt Oil Gas.

Egypt advances offshore gas exploration with deepest Mediterranean well

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, inspected drilling operations at Shell’s Velox-1X exploration well in the Mediterranean Sea on Saturday, describing the project as a strategic step towards unlocking new gas resources and boosting the country’s natural gas production. During a visit aboard the drilling vessel Stena IceMAX, Badawi reviewed progress on [] The post Egypt advances offshore gas exploration with deepest Mediterranean well appeared first on Egyptian Gazette.

Appraisal well confirming oil completed in Orange Basin

Rhino Resources has completed drilling a well in the Orange Basin after confirming that there is oil-bearing rock. Rhino operates the petroleum exploration licence 85, which is located between the Shell and Mopane oil discoveries. The National Petroleum Corporation of Namibia (Namcor) is a partner in the licence, owning 10. The Capricornus-1A well was drilled [] The post Appraisal well confirming oil completed in Orange Basin appeared first on The Namibian.

Occidental Petroleum: Cheap For Good Reasons

Occidental Petroleum: Cheap For Good Reasons

Papastavrou: The exploitation of our country’s mineral wealth is a matter of national importance – it belongs to the Greek people

Regarding hydrocarbon exploration in Greece, the Minister of Energy stated that the first exploratory well is expected to be drilled in mid-February 2027 at the Asopos site. The post Papastavrou: The exploitation of our country’s mineral wealth is a matter of national importance – it belongs to the Greek people appeared first on ProtoThema English.

Damage to a pipeline has led to pollution of the Caspian Sea.

An oil slick has been discovered between Pirallahi Island and the village of Dubendi in the Caspian Sea. It is believed to have been caused by an anchor damaging a pipeline. The State Oil Company of Azerbaijan reported that oil supplies had been halted. Experts from the Transparent World project reported three possible sources of contamination in the Caspian Sea, two of which were in Russian territory.

Tasnim: Giant Oil Tankers Dock at Iran's Kharg Island in Persian Gulf

Tasnim: Giant Oil Tankers Dock at Iran's Kharg Island in Persian Gulf

Cyprus gas fields up for development

The gas found in Cyprus’ exclusive economic zone is no longer just an exploration success; it is now considered commercially viable.

Pertamina's offshore well beats output goal by more than double

PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) said a newly drilled offshore oil well is producing 780 ...

NIDC completes drilling of 23 oil, gas wells in Q1

TEHRAN- The CEO of the National Iranian Drilling Company (NIDC) said: 23 oil and gas wells were drilled and completed in the first three months of this Iranian calendar year (March 21-June 20), through the efforts of the drilling crews and the utilization of the company's drilling fleet, in the country's onshore and offshore oil-rich areas.

Company Operating Kulevi Refinery Says It Will Process ‘Entirely Non-Russian Origin’ Crude Oil

Black Sea Petroleum, a company owned by Georgian businesswoman Maka Asatiani that operates the newly launched Kulevi oil refinery in western Georgia, announced that it will begin refining “crude oil of entirely non-Russian origin” starting in August-September, saying the shift will “open doors to high-margin markets” for its products. July 1’s statement said the company

Zelenskyy confirms strikes on oil depot and two Russian refineries 1,500 km from front lines – photos, video

President Volodymyr Zelenskyy has said that the defence forces and the Security Service of Ukraine struck an oil depot in Russia's Krasnodar Krai and two oil refineries in Bashkortostan, 1,500 km from Ukraine.

Syrian Oil Company advances gas production, unveils strategic investment plans

Damascus, July 3 (SANA) Damascus, July 3 (SANA) The Syrian Oil Company has begun implementing a project with Saudi energy services company ADES to develop and operate several gas fields in the central province of Homs, as part of efforts to increase domestic gas production and strengthen the country’s energy sector. The company said work []

2 Oil Stocks Still Worth Buying With Oil Down to $70 a Barrel

Oil is around 70 a barrel, well off the 112.95 it was back in April. With the Strait of Hormuz reopening, oil stocks have slumped, but in the long run, countries will be looking to build up their reserves.

World : OPEC+ Countries Produced Oil 7.5mln Bpd Below Target In June - IEA Report

MOSCOW, July 10 (Bernama-Sputnik/RIA Novosti) -- OPEC+ countries with voluntary restrictions increased oil production in June by 2.1 million barrels per day to 32.4 million barrels, and produced 7.5 million barrels per day below the quota level, the International Energy Agency (IEA) said in its fresh report on Friday, Sputnik/RIA Novosti reported.

VIDEO: The Planet’s Biggest Oil Deposit is a Few Miles from Idaho

VIDEO: The Planet’s Biggest Oil Deposit is a Few Miles from Idaho

How Israeli start-ups are helping ships navigate a contested Hormuz - opinion

Cheap Iranian drones and GPS jamming have choked the world's most vital oil route. A handful of Israeli start-ups think they can help ships find a way through

Libya : Major oil companies grapple with confusion over concession contracts

The process of granting new operating licences is already proving to be a challenge for National Oil Corp (NOC). Although the Libyan company announced it had ratified agreements on 15 June with Italy's ENI, Spain's Repsol, Qatar's QatarEnergy, Turkey's Turkish [...]

Troops uncover suspected illegal refinery in Rivers, recover crude oil processing equipment

Troops have uncovered suspected illegal crude oil refining equipment during a patrol operation in the Orashi National Forest, Ahoada West Local Government Area of Rivers State. The development was disclosed in a report by Zagazola Makama, a counter-insurgency and security expert covering the Lake Chad region. According to the report, the discovery was made at [] Troops uncover suspected illegal refinery in Rivers, recover crude oil processing equipment

TotalEnergies Offers Iraqi Oil to Asian Buyers as Supply Swells

French oil major TotalEnergies SE is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply.

Iranian Central Oil Fields Company eyes multiplying gas production

Iranian Central Oil Fields Company eyes multiplying gas production

Ukraine hits Russia's Ufa oil refinery for second time in a week, Zelenskyy says

Ukraine’s domestically developed and manufactured drones and missiles have been hammering Russian oil facilities, including refineries, terminals, storage depots and pipeline pumping stations, for months.

Explorco to start Voltaian Basin oil drilling in 2026 as Sentuo refinery expands to 100,000 barrels per day

President John Dramani Mahama has announced that Explorco, the exploration subsidiary of the Ghana National Petroleum Corporation (GNPC), will begin onshore drilling activities in the Voltaian Basin before the end of 2026 as part of efforts to determine the commercial viability of petroleum reserves in the area . The President disclosed this while cutting the sod for Phase Two of the Sentuo Oil Refinery Project in Tema. According to the President, the Voltaian Basin has been identified as a region with significant petroleum potential, and the planned drilling programme will mark a major step in Ghana's efforts to expand its hydrocarbon resource base beyond existing offshore fields.