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In 2018, the Panda Hummel Marcellus-fired power plant in Snyder County, PA, roared to life (see Marcellus-Fired Panda Hummel Electric Plant Roars to Life in PA).
Danskammer Energy, which had operated a gas-fired peaker power plant along the Hudson River in Newburgh, NY, worked on a project to upgrade the plant since 2018.
According to the company, they will also nearly double overall production from 81,000 BOE/D to 152,000 BOE/D , while increasing natural gas exposure from 53% to 66%. “These acquisitions are transformative for Mach,” said Tom Ward, chief executive at Mach. The deals will expand Mach’s total acreage footprint by roughly one-third to 2.8
(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. from 2018 Equinor Suriname B59 B.V.) This is common in the oil and gas industry. The block will return to Staatsolie and become part of the open acreage.
The company already owns a 103-MW solar plant under construction and a partially solarized network of 184 service stations, as well as operates natural gas distribution, in the Dominican Republic. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! All comments are subject to editorial review.
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
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. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
The WDDM concession is located around 90 km offshore Egypt, in the north-western Nile Delta region of the Mediterranean Sea, and is operated by Shell through its joint venture, Burullus Gas Company. The area includes 17 gas fields at water depths ranging from 300 to 1,200 m.
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 2018, 33.41
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
The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Even in emerging sectors like CCUS and geothermal, investors are applying the same rigor they use in traditional oil and gas.
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.
As temperatures dropped, oil field equipment froze, wells were shut in, and the natural gas needed to generate electricity crashed as the demand for power sky rocketed. At first pass, this event seems like it would constitute a force majeure event, and few natural gas purchasers and suppliers have argued otherwise.
For the first time, New Mexico State Land Office auctioned oil and gas leases at the new 25 percent royalty rate. The State Land Office conducts monthly public auctions for oil and gas development rights with leases awarded to the highest bidder. All leases received bids, collectively totaling more than $56 million in payments.
Image by ffikretow via iStock The US is using its dominance of a niche petroleum gas as a bargaining chip in its trade war with China. “Ethane is no longer just a byproduct of shale — it’s now a geopolitical weapon,” said Julian Renton, lead analyst covering natural gas liquids at East Daley Analytics.
” However, these previous disruptions, which included events like the First Gulf War in 1990 and sanctions on Iran in 2012 and 2018, do not mean that prices will “go up or stay elevated for a long time,” the brokerage flagged.
This appointment follows a distinguished national career as Minister of Environment from 2018 until her resignation was accepted. Fouad assumed the position of Minister of Environment in the Arab Republic of Egypt on June 18, 2018. These projects have yielded remarkable results in reducing greenhouse gas emissions.
Según cifras oficiales de Pemex, al primer trimestre de este año, la deuda con proveedores alcanzó los 404 mil millones de pesos, un incremento del 260% respecto a 2018. Además, se reportó un drástico recorte presupuestal del 66% para 2025, pasando de 373 mil millones a solo 127 mil millones de pesos.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend.
has moved away from fossil fuels like coal, oil and natural gas to reduce planet-warming greenhouse-gas emissions. Transformers and other transmission equipment have experienced the second highest inflation rate among all wholesale goods in the US since 2018, he wrote. watch now VIDEO 12:49 12:49 Why the U.S.
onshore oil and gas division. petroleum business in 2018, selling its entire shale portfolio — including the MCCARN asset — to BP for $10.5 Background: From BHP Billiton Petroleum to BPX The MCCARN site was originally operated by BHP Billiton Petroleum TXLA Operating Company , a regional arm of BHP Billiton’s U.S.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” Esquibel, with his family, bootstrapped Underdog Wireline in 2018.
El yacimiento, con crudo extrapesado de entre 8 y 9 grados API, fue descubierto en marzo de 2018 mediante la perforación de los pozos Lorito-1, Lorito A1, Tejón-1 y Guamal Profundo-1 , siendo este último clave para cerrar la etapa de delimitación en octubre de 2024.
said, “The Hoover-Diana project marks our first large-scale decommissioning engagement in the Gulf of Mexico, building on the strong relationship we’ve developed with ExxonMobil in Guyana since 2018. EnerMech CEO, Charles Davison Jr. for pre-commissioning services at the Salamanca Platform in the Gulf of America.
Four distinct chronological scenarios were established on January 1 of 2012, 2015, 2018, and 2021, creating experimental frameworks with progressively increasing data availability. The baseline model consistently failed to properly characterize structural depth or other key geological parameters across all scenarios.
Colette Hirstius Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, after seven years in her role, according to a May 5 announcement from Shell. The post Permian People: Movers and Shakers appeared first on Permian Basin Oil and Gas Magazine.
The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector. In 2023, Canada ended federal subsidies specific to the oil and gas sector. Environmental organizations say Canada still spends billions of dollars to support oil and gas companies.
The oil sands “fits well within the range of carbon intensity of oil and gas we see in the world,” Birn said in an interview. ’s Tucker, where intensity has been rising each year since 2018, the data show. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! ’s Horizon making the biggest gain for the year.
The industry stalwart emerged from bankruptcy in 2018 and us now owned by Canadian uranium miner Cameco and Brookfield Asset Management. How to trade it using options Track all the latest coverage of oil prices and the oil and gas industry at CNBC.com.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS BW Opal FPSO Arrives at Barossa Field, Commissioning Underway by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:53 AM EST The platform's arrival keeps Barossa LNG on track to start production in the third quarter.
Leadership Profile: Todd Guest, Co-Founder & Managing Director, Spirit O&G Todd Guest brings over three decades of oil & gas leadership to Spirit’s expansion. Todd Guest , a seasoned oil & gas executive with a 35-year track record, is leading Spirit’s expansion into mature, low-risk assets.
" Iran in 2018 threatened to shut the Strait of Hormuz when tensions spiked following the U.S. "It's not in their interest to cause problems because they will suffer first." withdrawal from the nuclear deal and the reimposition of sanctions.
billion cubic feet a year of natural gas to both FTA and non-FTA countries on a non-additive basis. It has dispatched about 1,140 cargoes since 2018, Cheniere says on its website. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! In March Cheniere said train 1 of Stage 3 had been commissioned.
In this case, Texas Crude Energy, LLC (Texas Crude) and Warwick-Athena, LLC (Warwick) (collectively, the non-operators) sued Burlington Resources Oil & Gas Co., In 2018 and 2021, Warwick proposed a total of 44 wells. Texas Crude and Burlington agreed that Burlington would be the operator.
The United States tightened sanctions in 2018 after Trump exited a nuclear accord during his first presidential term. million bpd in recent months, the highest since 2018, driven by strong Chinese demand. The country also produces 34 billion cubic feet of gas per day, according to FGE, accounting for 7% of global production.
Picture taken May 21, 2018. Ahmed Jadallah | Reuters Crude oil futures fell slightly on Thursday, after spiking sharply in the previous session on fears that Israel and Iran are on the brink of war.
which made the country the world’s top oil producer in 2018. And the United States, the world’s top oil consumer, became a net exporter of crude and refined products in October 2019 for the first time since at least 1973. This historic shift was due largely to the rapid growth in onshore shale drilling activity in the U.S., million bpd and 6.6
billion cubic feet a year of natural gas to both FTA and non-FTA countries on a non-additive basis. It has dispatched about 1,140 cargoes since 2018, Cheniere says on its website. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! In March Cheniere said train 1 of Stage 3 had been commissioned.
La subsidiaria en México inició operaciones en abril de 2018, convirtiéndose en una pieza estratégica para atender al mercado latinoamericano. Una empresa global con raíces japonesas Misumi fue fundada en 1969 en Japón y desde entonces ha expandido su presencia en todo el mundo.
In this episode of McKinsey Talks Operations , host Daphne Luchtenberg speaks with Roman Belotserkovskiy , a McKinsey partner and global leader of McKinseyâs procurement and supply-management work within the Electric Power & Natural Gas Practice. Those impacts will be passed through. For example, reducing leakage.
Yarborough Oil & Gas, LP , 705 S.W.3d Oil and gas experts “have a proper (if confined) role” ( Id. However, “expert opinions as to the meaning of common oil and gas terms is not necessary” ( Id. Carrizo Oil & Gas, Inc. , Carrizo Oil & Gas, Inc. , The case Bush v. 3d 451 (Tex.
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