Tag: oil

bp and Iraq finalize contract for Kirkuk oil discipline redevelopment

bp has obtained remaining authorities ratification for its contract to spend money on the redevelopment of a number of large oil fields in Kirkuk, within the north of Iraq. ...

EIA forecasts Alaska crude oil manufacturing will develop in 2026 for the primary time since 2017

In its March 2025 Quick-Time period Power Outlook, the U.S. Power Info Administration (EIA) forecast crude oil manufacturing in Alaska will enhance by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd...

MOL discovers new oil area in Western Hungary

MOL has found a brand new oil area close to Somogysámson in Western Hungary. Through the exploration drilling carried out in December 2024, oil was discovered at a depth of 1,250 meters. In...

African nationwide oil corporations (NOCs) partnering with independents to drive E&P

Africa’s nationwide oil corporations (NOC) are transferring past working as state-representatives by remodeling themselves into aggressive upstream gamers. By strengthening their balance-sheets by partial privatization, transferring their regulatory roles to unbiased entities and...

Cat Oil & Gasoline launches new gas-powered system to streamline frac operations

Caterpillar Oil & Gasoline has developed its new Caterpillar® Gasoline Mechanical System (GMS), a...

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