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World oil market may be tighter than it looks, IEA says

Oil & Gas 360º

Nonetheless, the agency said this year’s forecast for global demand growth of 700,000 bpd is the slowest since 2009, excluding 2020 when demand contracted due to the COVID pandemic. The IEA said that, while it may be too early to say U.S.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill. The company’s Horizon oil sands mine has been producing since 2009. bbl between 2017 and 2019, according to BMO.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. 10 “CO 2 storage projects in Europe,” International Association of Oil and Gas Producers, March 2024.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

Drivis Tubaen is the 14th exploration well drilled in production license 532, awarded 2009, according to Equinor. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! feet) below the seabed. The well had a water depth of 345 meters, Equinor said. 700K Industry Pros can’t be wrong.

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Idaho Power 20-Year Plan Aims to Add 2.15 GW of RE Capacity

Rigzone

The plan also eyes 885 MW of battery energy storage capacity, 611 MW of gas power via coal conversions, 550 MW from natural gas, 344 MW of energy efficiency and 20 MW of incremental demand response. The 2026-45 Integrated Resource Plan (IRP) would add about 2.15 CEYW is targeted to add a further 320 MW of solar by 2027.

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Petrel Resources Updates on Iraqi Prospects

Iraq Business News: Oil & Gas

It adds: "Title to oil and gas assets in Ghana and Iraq can be complex. Regarding prospects in Iraq, the company said: " An early opportunity may lie in projects to recover and monetise flared gas with contained liquids in southern Iraqi oil-fields. The company's accounts show no assets or liabilities in Iraq.

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BP Appoints Shell Veteran to Board

Rigzone

During his over 35 years with Shell, Henry held senior finance and management positions worldwide, serving as chief financial officer and board member from 2009 to 2017, BP noted. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.

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