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.
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.
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.
The Dangote refinery in Nigeria has marked a significant milestone by exporting its first jet fuel cargo to Europe.
The Ogun State government has announced its readiness to join the ranks of oil-producing states as the Nigerian National Petroleum Corporation (NNPC) Limited is set to commence exploration of oil and gas in the state.
Inspired by a documentary I recently watched, Ghana’s Jubilee Oil Field – located 60 kilometres off the Western Region’s coast – plays a significant role in the country’s economy. According to Worldometer, Ghana is ranked 49th among 127 crude oil-producing countries, with an annual production of approximately 99 million barrels. However, the environmental and health impacts of industrial discharges from oil operations are a growing concern, particularly for nearby coastal communities.
The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts tell CNBC, even as focus shifts from Middle East tensions to summer demand.
Four OPEC+ delegates, who spoke anonymously because of the sensitivity of talks, told CNBC the 2.2 million-barrels-per-day supply reductions will likely be prolonged, with one noting that the alliance would avoid shifting approach at a time when oil prices are relatively stable.