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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

The condensate produced is used in refineries, petrochemical plants, or as diluent, and requires stabilization before transport — usually handled at facilities operated by MPLX (Cadiz), Williams (Scio), or Ergon Inc. Without a dedicated gathering network, the product is typically trucked from well pads to rail, marine, or pipeline terminals.

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Enhance predictive maintenance with generative AI agents on AWS

AWS: Energy (Oil & Gas)

McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. Traditional anomaly detection methods are labor-intensive and time-consuming, often leaving critical equipment vulnerabilities unaddressed for hours or days—leading to significant unplanned downtime and financial impact. Δ Locked Rotor Cur. –

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EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

Oil & Gas 360º

If realized, this annual production increase will be the first since 2017 and the largest since 2002. The increased crude oil production will go to supply refineries in Alaska, the Pacific Northwest, and California. Average annual crude oil production in Alaska peaked at 2.0 Image courtesy of ConocoPhillips

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Factbox-Energy assets affected by Russia-West standoff and sanctions

Oil & Gas 360º

billion euros for a stake in the Yuzhno- Russkoye oil field, one of Russias largest, in 2017, saying at the time that it could add 100,000 barrels of oil equivalent (boe) per day to its production. LUKOIL Lukoil, Russias second-largest oil producer, plans to raise around $2 billion from the sale of its Burgas oil refinery in Bulgaria.

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Nigeria Oil Industry Overview

Drillers

For many, stealing crude oil from the pipelines and processing it at one of the many illegal refineries in the region is a means of earning a living. The government has been fighting the illicit refineries for years. Vandalism is a fact in the Niger Delta, like poverty and lack of prospects for the locals.

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Oil’s oversupply spiral: Can prices stay above $60?

Oil & Gas 360º

Two refineries one in Los Angeles and another in Houston are slated for a shutdown in 2025, which would leave more crude available on the market. The share of global energy consumption that came from fossil fuels that crossed borders peaked in 2017, and has since declined by 5%, Currie wrote in a note cited by Bloomberg this week.

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Uncertainty About Migratory Bird Treaty Act “Takes”: The Biden Administration Delays the Effective Date of the Final Regulations Governing Take of Migratory Birds

The Energy Law

If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds. FMC Corp. , 2d 902, 908 (2d Cir. 3d 679 (10th Cir.