The Mansuriya field, holds an estimated 4.5 trillion standard cubic feet of gas and is expected to produce around 300 million scf per day of gas at its peak.
For China, the location of the Mansuriya gas field fits perfectly into the vast network of oil and gas sites in Iraq.
According to industry figures, more than a third of all Iraq’s proven oil and gas reserves and over two-thirds of its current production are managed by Chinese companies.
BW Energy has increased gross reserves on the northern flank of Hibiscus field offshore Gabon on results of a pilot well.
The Public Interest and Accountability Committee (PIAC) has expressed worry about the decline in oil
production by Ghana and has called on the government and other relevant regulatory bodies to take
steps to reverse the production decline on existing oil fields and ensure investments in unexpected
fields
Seatrium has won a USD 8.16-billion contract from Brazil’s Petrobras for the newbuild supply of two FPSOs, the Singaporean company announced on Saturday.
Mining giant BHP has abandoned its USD 49-billion bid to acquire Anglo American after its request for further talks was refused, Bloomberg reported on Wednesday.
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $17.1 billion in a bid to catch up with rivals as drillers race to secure new oil and gas wells.
Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to Saudi Arabia’s government as it seeks funds to help pay for a massive economic transformation plan.
Mosman Oil and Gas Ltd (AIM:MSMN) has acquired a working interest (WI) in a helium project in Las Animas County, Colorado, in a first move to expand its helium portfolio.
After a century and a half of oil and gas production in the United States, the nonprofit environmental watchdog Climate Tracker published a sobering report in 2020: Some 2.6 million unplugged onshore wells lay scattered across the country.
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to extend their voluntary production cuts of 2.2 million barrels of crude oil per day into 2025.