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Norway is stepping up its game in the oil & gas industry with a plan to boost investments in 2024. This move is a strong indicator of the sector's potential for growth and resilience. For those interested in energy markets, Norway's decision marks a crucial point. It's an opportunity to delve into the dynamics of energy investments and what they mean for the global industry. Staying informed about these developments is key. Articles like this are a great place to start. For those with oil & gas stories to share, drop them in the comments! For more on Norway's oil & gas investments, check out the full article here: https://loom.ly/-d5ExwU #gasindustry #energymarket #oil

North Sea oil and gas industry blooms with increasing production and investments   Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production. 🔽 Find more info in comments below 🔽 #NorthSea #OilProduction #OilandGas #UK #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Bahrain is a small island nation located in the Persian Gulf with a significant history in the oil and gas industry. Here are some insights into Bahrain’s oil and gas sector: 1. Oil reserves: Bahrain has relatively modest oil reserves compared to its neighboring countries in the Gulf region. The country’s oil production is primarily concentrated in the Bahrain Field, which is one of the oldest oilfields in the region. Bahrain has also explored offshore areas for additional oil reserves. 2. Bahrain Field: The Bahrain Field, located in the center of the country, has been a key contributor to Bahrain’s oil production for decades. The field has undergone enhanced oil recovery techniques to maintain production levels and extend the life of the field. The field is operated by the Bahrain Petroleum Company (Bapco). 3. Bapco: The Bahrain Petroleum Company (Bapco) is the national oil company of Bahrain, responsible for the exploration, production, refining, and marketing of oil and gas in the country. Bapco operates the Sitra Oil Refinery, which is one of the oldest refineries in the Middle East. 4. Gas resources: Bahrain has limited natural gas reserves, and the country has historically relied on imported natural gas from neighboring countries to meet its energy needs. However, Bahrain has been exploring offshore gas reserves in recent years to increase domestic gas production and reduce reliance on imports. 5. Energy diversification: In recent years, Bahrain has been focusing on diversifying its energy sources and reducing its dependence on oil and gas. The country has been investing in renewable energy projects, such as solar power, to supplement its traditional energy sources and promote sustainability. 6. Regional cooperation: Bahrain is a member of the Gulf Cooperation Council (GCC) and has collaborated with neighboring countries on energy projects and initiatives. The country has also participated in regional energy forums and discussions to address common challenges and opportunities in the oil and gas sector. Overall, Bahrain’s oil and gas industry plays a significant role in the country’s economy and energy sector. The government’s efforts to diversify its energy sources and explore new oil and gas reserves are aimed at ensuring the long-term sustainability and growth of the industry in Bahrain.

Japan’s Mitsui & Co., Ltd. acquires Texas gas asset from Sabana and Vanna The company plans to commence full-scale development of the unconventional gas asset post-2026. The companies did not disclose the financial terms of the deal. The asset, named Tatonka, spans approximately 46,500 acres and is strategically located with access to liquefied natural gas (LNG) export terminals and ammonia plants on the Gulf Coast. MEPUSA plans to commence drilling operations to assess well performance. The company intends to develop and operate the Tatonka asset with plans for full-scale development after 2026. For the full article click the link below: https://lnkd.in/d7r-fM7V #oilgas #oil #gas #LNG #gulfcoast #offshoretechnology

#oilgas #investments #Norway Norway’s Energy Minister Terje Aasland has received the field development plan for a new North Sea oil and gas field that will be tied back to an existing platform and is expected to cost $572 million (6.3 billion Norwegian crowns). The field operator, OKEA, has submitted the plan for development and operation (PDO) of the oil and gas field Bestla, to be tied back to the Brage platform, which would extend the life of the Brage field, the Norwegian Energy Ministry said on Tuesday. Earlier this month, operator OKEA and its partners in the Brasse field renamed it Bestla and took the final investment decision to proceed with the Bestla development in a tie-back to the nearby production facilities of the Brage field. The planned start of oil and gas production for Bestla is in the first half of 2027, while expected recoverable resources are estimated at 24 million barrels of oil equivalent, the Norwegian ministry said. Bestla’s is the first field development plan submitted to the minister this year. “The world will need oil and gas for many years to come, so it is important that companies continue to develop new projects and help sustain long-term petroleum activity on the continental shelf,” Minister Aasland said in a statement. Oil and gas companies plan to boost exploration activity and spending offshore Norway this year as Western Europe’s top oil and gas producer looks to maintain production and raise exports to the rest of Europe. Total investments in oil and gas activity #offshore #Norway, including pipeline transportation, are estimated to hit $23 billion (244 billion crowns) in 2024, up by 5% compared to last quarter’s assessment, Statistics Norway said earlier this year. “The reason for the large investments in oil and gas industry is mainly due to a strong increase in investments in field development, with an increase of 52 percent in 2023 compared to 2022,” said Ståle Mæland, senior advisor at Statistics Norway. Source: OilPrice.com 👇👇👇🛢 https://lnkd.in/dVDuVijH #globalenergy African Energy Council AfricaEnergyFutures African Energy Chamber

Eni and TotalEnergies are swiftly developing natural gas deposits off Cyprus to supply Europe   Eni said Wednesday that drilling to appraise a third natural gas discovery in waters off Cyprus shows the commitment of the Italian energy company and its French partner TotalEnergies to swiftly develop the deposit and bolster energy supply to Europe. 🔽 Find more info in comments below 🔽 #Eni #TotalEnergies #NaturalGasDiscovery #OffshoreOilandGas #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Norway Grants 62 Licenses in Mature Oil, Gas Areas

🔥 Exciting times ahead for Colombia's oil and gas sector! 🛢️ As offshore exploration surges, we're seeing a promising rebound in rig activities. 🚀 👀 Discover how upcoming projects and a favorable market forecast are setting the stage for a significant increase in exploration investments. Are we on the brink of an energy boom? 📊 Dive into the details with our latest report on how Colombia is navigating these dynamic changes in the energy landscape. 🔗 Link to the full article in the comments! #EnergySector #OilAndGas #OffshoreDrilling #Colombia #MarketTrends #InvestmentOpportunities #Ecopetrol

❗ Norway Oil And Gas News ❗ Would love to hear your thoughts.👇 Aker BP ASA has just celebrated the first official steel cut for its two major developments, Yggdrasil and Valhall PWP-Fenris on the Norwegian shelf. The event at taking place Stord is the start of the next 3 years of activity leading to multiple thousands of jobs. The fabrication phase for these 2 Oil and Gas projects is a massive benefit to the countries economy, Aker Solutions and its partners signed contracts worth around $4.7 billion with Aker BP on in December 2022. This will mark as the company’s highest-ever quarterly order intake. For more information on these developments I'd recommend checking out the following article from Offshore Energy 🚀 👉 https://lnkd.in/ec576fSH Let me know your thought on this development, Is it once again showing the countries strive for innovation and economic progression? 🤔 👇 #Norway #Oil #Gas #Energy #OilAndGas #Fracking #Innovation #Development

North Sea oil and gas industry blooms with increasing production and investments - Norway and the UK have overcome recent challenges and are on course to achieve significant milestones