An increase in investments has been approved in the budget of Magawish Petroleum Company (Magapetco) to drill more production wells during the current fiscal year (FY) 2024/25 as part of plans to increase production. ...
Minister of Petroleum and Mineral Resources, Karim Badawi, conducted an inspection tour of the Badr-3 field, affiliated with Badr El Din Petroleum Company (Bapetco) in the Western Desert region. During the tour, Badaw...
UK-based oil and gas explorer, Pharos Energy has received approval from the government to extend the license of TGT and CNV fields by five years in Vietnam, allowing operations to continue into the early 2030s. The Te...
Shell Nigeria Exploration and Production Company Limited (SNEPCo), has reached a final investment decision (FID) on the Bonga North deep-water project, located in OML 118 offshore Nigeria. The project, which will help...
SLB has launched Neuro™ autonomous geosteering, an AI-driven solution designed to improve the efficiency and productivity of drilling operations while reducing their carbon footprint. This technology uses artificial i...
Petrobras and Ecopetrol have confirmed the largest gas discovery in Colombia’s history in the Sirius-2 well, which holds over 6 trillion cubic feet (tcf) of gas. This discovery increases Colombia’s current gas r...
ExxonMobil officials revealed plans to drill a new exploratory well for natural gas in the West Mediterranean area, slated to commence in mid-December. The announcement was made during a meeting between the company...
During a visit to Ras Gharib, Red Sea Governorate, Minister of Petroleum and Mineral Resources Karim Badawi inspected the MDC4 onshore drilling rig operated by Modern Drilling Company. The rig is currently drilling th...
The Suez Oil Company (SUCO) has achieved distinguished progress at Ras Badran field, as it increased its production by 3,800 barrels of oil equivalent per day (boe/d) reaching to 7,500 boe/d compared to the initial pl...
SLB has launched Stream™ high-speed intelligent telemetry that increases drilling confidence and performance for complex wells. This innovative solution integrates proprietary AI algorithms with SLB’s TruLink™ d...