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Thursday, September 4, 2025

Exploration & Production (E&P)

Guyana relaxes proposed local content terms in oil bill draft- oil and gas 360

Guyana relaxes proposed local content terms in oil bill draft

December 16, 2021

Reuters Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out by contractors and licensees. The proposed policy, seen by Reuters, relaxed some of the minimum requirements that a previous bill

Eni oil block expected to enter production in Q2 2023, Ivory Coast says- oil and gas 360

Eni oil block expected to enter production in Q2 2023, Ivory Coast says

December 15, 2021

Reuters ABIDJAN — An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday. Production will then ramp up in 2026 to between 75,000 and 100,000 barrels of oil

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister- oil and gas 360

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

December 13, 2021

World Oil (Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister. Iraq wants a U.S. partner for Exxon’s stake, Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. If the talks with Halliburton fail, Iraq

Iran bases its 2022 budget on $60 oil- oil and gas 360

Iran bases its 2022 budget on $60 oil

December 13, 2021

World Oil (Bloomberg) –The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported. The country expects to export around 1.2 million barrels of oil daily in the year that starts on March 21, Fars reported, according to outlines of the country’s

U.S. drillers add oil and gas rigs for sixth time in seven weeks -Baker Hughes- oil and gas 360

U.S. drillers add oil and gas rigs for sixth time in seven weeks -Baker Hughes

December 10, 2021

Reuters U.S. drillers this week added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction.   That rig count increase comes despite oil price declines in six of the past seven weeks. The oil and gas rig count, an early indicator of future output, rose

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