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U.S. oil imports from OPEC decline while imports from Canada nearly doubles

Permian Basin Oil and Gas Magazine

Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. EIA said total crude oil and petroleum imports from Canada to U.S. exceeded those from OPEC for the first time in 2014 and have every year since.

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EIA report: Imports of energy to U.S. fall to 40-year low in 2024

Permian Basin Oil and Gas Magazine

imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. energy supply comes from three sources: domestic energy production, energy imports from other countries, and energy brought out of storage.

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It’s Getting Hot in Here | Heat Dome in PJM

Enverus

last week, driving temperatures into the triple digits and pushing the PJM Interconnection grid to its highest peak load since 2006 (Figure 1). A massive heat dome swept across the eastern U.S. The heat dome, characterized by intense heat and high humidity, spiked electricity demand as air conditioners ran at full capacity.

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Post Oak Energy Capital closes Fund V with investments in Permian Basin

Permian Basin Oil and Gas Magazine

Founded in 2006, Post Oak has invested in more than 30 portfolio companies and raised about $3 billions in capital across managed funds and related vehicles. The post Post Oak Energy Capital closes Fund V with investments in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 Libya currently pumps about 1.4 million bpd.

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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

Fram West and Fram East started production 2003 and 2006 respectively. "We have done a thorough job maturing the new resources discovered in the Fram and Troll area in recent years”, Kjetil Hove, Equinor executive vice president for Norwegian exploration and production, said in an online statement. Both are tied back to Troll C.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

The European Union has also developed a common regulatory framework through the EU CCS Directive and its implementation guidelines that govern carbon storage (including permitting, reporting, monitoring, and accountability) to ensure safe storage.