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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

Another option—carbon-capture technology added to natural gas plants—faces challenges in becoming cost-competitive. These approaches typically dig deeper and through harder rock than where most oil and gas drilling occurs, so drilling for next-generation geothermal is currently more expensive than for traditional oil and gas.

IT 100
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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of U.S.

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Valor | Energy Connection – July 21, 2025

Valor

July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. million bpd and a 68% gas price hike will boost gas output to 105.9

Energy 52
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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

lower 48 states has more than tripled since January 2010, according to U.S. million b/d in 2010 to 2.1 onshore lower 48 appeared first on Permian Basin Oil and Gas Magazine. Onshore crude oil production in U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. million b/d in 2024.

Basin 52
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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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Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

SHARES UNDERPERFORM BP’s stock has underperformed its peers since 2020 when its pivot to renewable energy left it lagging behind when global and gas prices surged. Finally, BP is still paying for the 2010 Macondo disaster, when a blowout at an offshore platform in the Gulf of Mexico caused one of the world’s worst oil spills.

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Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement

Egypt Oil & Gas

The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. The post Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement first appeared on Egypt Oil & Gas. It was sealed to allow Iraq to export its crude oil through Turkey, bypassing the Persian Gulf.