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As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.
Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. Natural gas is the second-largest source of U.S. Natural gas was once considered a waste byproduct of crude oil production but now has become a common energy source for heating and electricity generation. energy consumption in 2024. Data source: U.S.
This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Encino’s backers, including the Canada Pension Plan Investment Board, are capitalizing on favorable gas market conditions and rising demand from LNG exports and data centers. Key takeaways: EOG re-enters M&A with a $5.6B
Image by AlbertPego via iStock The United States displaced Russia as the European Union’s second-biggest natural gas supplier in the first quarter due to the expiry of imports of Russian pipeline gas via Ukraine at the start of the year, the European Commission has reported. volumes comprised 24 percent or 16.6
The Ministry of Oil plans to increase the production of liquefied petroleum gas (LPG) at the Basra Gas Company (BGC) to more than 8,000 tonnes per day in the coming years. The Ministry has increased associated gas investment to over 70 percent, up from 53 percent in the first year of the current government.
Upstream natural gas spending is set to maintain the levels seen in 2024. Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. trillion going to oil, natural gas and coal. Around US$2.2
The Fifth Circuit Court of Appeals decided an interesting case involving recoupment of overpaid oil and gas royalties. in royalties since 2016. in royalties since 2016. Equitable recoupment is a commonly accepted remedy in the oil and gas industry. In DDR Weinert, Ltd. Ovintiv USA, Inc. , They sold those tracts to DDR.
Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas producer last year was the United States. exajoules of natural gas in 2024, which represented a yearly reduction of 0.3 exajoules in 2016, 26.90
Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas consumer in 2024 was the United States. exajoules of natural gas last year, which represented a 1.3 natural gas demand was 26.00 consumed 32.5
This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! million barrels of oil equivalent. million barrels of oil equivalent.
Entre 2016 y 2024, Pemex ha reducido de 90 a 51 sus filiales y participaciones. El Grupo PMI —encargado de comercializar hidrocarburos en mercados internacionales— es una de las redes más activas, con operaciones en México, España, Irlanda y EE.UU. El plan actual busca dejar solo las estrictamente necesarias.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016.
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 âCO 2 storage projects in Europe,â International Association of Oil and Gas Producers, March 2024.
Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. (Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 licenses allowing foreign partners to operate in the sanctioned OPEC member.
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. In contrast, gas rigs fell by 2 to 111, which is still a gain of 13 rigs year-over-year, while the miscellaneous rig count increased by 2, bringing its total count up to 5 active rigs.
has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 In Angostura, the National Gas Company of Trinidad and Tobago holds a 30 percent stake, while Chaoyang Petroleum (Trinidad) Block 2C Ltd. In Ruby, National Gas owns the remaining 31.54
Image by David Tran via iStock Six liquefied natural gas (LNG) projects in the United States have secured agreements with JERA Co. Sabine Pass LNG, in production since 2016, is planned for expansion; the expansion project has yet to reach an FID. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Entre 2016 y 2024, Petróleos Mexicanos (Pemex) ha enfrentado un fenómeno poco conocido pero creciente: el robo sistemático de equipo y materiales en sus plataformas marítimas por parte de “piratas”.
Assays on the Selkirk Project were completed on five 2016 drill holes that were drilled immediately prior to the closure of Tati Operations and were previously unsampled. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Drill core samples (HQ: 63.5
Since the ProRail family of compressed natural gas (CNG) fuel systems was introduced in 2016, it has been used in a wide variety of applications and has powered tens of […]. The post Agility Introduces ProRail CNG Fuel System appeared first on NGT News.
Mxico import 6,432 mmpcd de gas natural en 2024, aumentando su dependencia de EE.UU. sus importaciones de gas natural desde Estados Unidos, alcanzando un rcord de 6,432 millones de pies cbicos diarios (mmpcd) , segn la Administracin de Informacin de Energa (EIA). Adems, la industria mexicana consume el 20% del gas importado.
a company committed to building the clean hydrogen economy, has helped international food business, ARYZTA, streamline its logistics with hydrogen fuel cells since 2016. Plug Power Inc., The implementation of fuel cell technology has driven a tremendous increase in fleet productivity for the company in the frozen B2B bakery industry.
On September 2, 2016, the Texas Supreme Court agreed to review three oil and gas cases involving issues pertinent to the industry and land and mineral owners. Red Deer has been set for oral argument on November 10, 2016. Laddex has been set for oral argument on October 11, 2016. BP America Production Company v.
(World Oil) –Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated byCanadian Natural Resources Ltd.and others. Wildfires present a regular threat to the provinces oil and gas production, typically from March through October.
Climate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cuts.
President Obama signed the Protecting our Infrastructure of Pipelines and Enhancing Safety Act or the SAFE PIPES Act into law on June 22, 2016. Importantly, the SAFE PIPES Act mandates the PHMSA provide a report to Congress within eighteen months studying the risks and safety recommendations for existing hazardous liquid pipelines.
As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong. And nowhere is that dynamic clearer than in Texas, the powerhouse of American oil and gas. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025.
out of the above described property, an undivided one-sixteenth (1/16) of all the oil, gas and other minerals, except coal, in, to and under or that may be produced from the above described acreage, to be paid or delivered to Grantor, B.A. Puig, Jr., as his own property free of cost forever. Hyder , 483 S.W.3d 3d 870 (Tex. 2d 118 (Tex.
The increased use of natural gas in power generation has grown significantly, while at the same time, carbon intensity has fallen, new data from the U.S. Energy Information Administration (EIA) shows: “From 2016 to 2020, the carbon intensity of U.S. electricity generation mix away from coal and toward natural gas and renewables.”.
In a major reset back to oil and gas, BP said in February that it would increase its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. Norwegian national Lund became BP chair in 2019.
Pemex se adhiri a la iniciativa global Cero Quema Rutinaria 2030, comprometindose a eliminar la quema rutinaria de gas en sus operaciones petroleras. Esta iniciativa busca erradicar la prctica de quema rutinaria de gas en los nuevos desarrollos de campos petroleros, as como eliminarla en los sitios de produccin existentes antes del ao 2030.
Carbon capture and sequestration can use depleted natural gas and oil reservoirs as sites for storing compressed CO2 collected from emitters. The Porthos Project is the first of its kind in Europe aimed at gathering and storing 2.5 Megatons annually and 37 Megatons over the 15 year life of the project.
The move will see KPCs Kipic and KNPC subsidiaries form a single entity which will operate the emirates 1.42mn b/d refining capacity as well as 3.12mn b/d gas processing capacity and the 22mn t/y Al Zour LNG import terminal. The latter and the 615,000 b/d Al Zour refinery are operated by Kipic, which was hived off from KNPC in 2016.
Las autoridades estatales anunciaron que durante este ao entrar en revisin la Norma 016-CRE-2016, que regula la calidad de la gasolina y combustibles industriales, en coordinacin con el Gobierno de Nuevo Len En el marco de la sptima reunin de la Comisin Ambiental Metropolitana (CAMe) de Nuevo Len, la Secretara de Medio Ambiente y Recursos Naturales (..)
(Oil & Gas 360) Publisher’s Note: CanCambria Energy will be presenting at the 30th Anniversary of EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. a TSX-listed oil and gas producer in Australasia and Egypt. a TSX-listed international production oil and gas company.
In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Dawkins , 483 S.W.3d
On March 24, 2017, the Louisiana Supreme Court declined to consider the Louisiana Third Circuit Court of Appeal’s decision in XXI Oil & Gas v. 2] For now at least, the Court’s decision to deny writs in XXI Oil & Gas effectively leaves unit operators subject to increased reporting obligations under La.
While returning to M&A markets for the first time since Yates Petroleum in 2016, EOG still stayed adjacent to its core strategy by pursuing an acquisition that included exposure to the relatively new Utica oil and liquids window. In addition to finally adding oil-focused inventory, EOG will have add significant gas exposure.
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