This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9
Natural Gas Inventories as of June 6, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of June 6, 2025. Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. At 2,707 Bcf, total working gas is within the five-year historical range.
(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. expansion this year, the IEA said in its quarterly gas market report. A project in Qatar will also add to the growth.
In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.
billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. Oil comprises 75 percent and gas 25 percent, according to Equinor. It expects the project to start production 2029.
bbl between 2017 and 2019, according to BMO. 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. Back in 2017-2019, U.S.
(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.
Image by Alexey_Lesik via iStock TotalEnergies SE and CMA CGM Group on Wednesday announced an agreement to form a 50-50 venture to supply liquefied natural gas (LNG) fuel at the Port of Rotterdam, the Netherlands. TotalEnergies aims to increase the share of natural gas in its sales mix to nearly 50 percent by 2030.
Upstream merger and acquisition (M&A) activity fell sharply in early 2025, although gas deals are proving attractive, according to new research from Rystad Energy Global deal value plunged 39% from the fourth quarter of 2024 to just US$28bn in the first quarter of 2025 – less than half the US$6bn recorded in the same period a year earlier.
Under the 2019 Climate Act, that is required to have 70% renewable electricity sources by 2030 and net-zero carbon emissions by 2040. Hochul has previously argued that officials should have come up with a Plan B and better anticipated the state’s energy needs before moving to cut the plant.
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 2019, 33.29
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
Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report.
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.
and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. Seven years ago the partners found a gas-bearing reservoir about 436 feet in Glaucus-1. As of 2022, the best estimate of gas-in-place resources in the Glaucus discovery was 3.7 QatarEnergy holds 40 percent.
La CNDH responsabiliza a Pemex por su infraestructura obsoleta y falta de mantenimiento, señalando omisiones graves tras la tragedia de Tlahuelilpan en 2019.
“Nuestra infraestructura de almacenamiento no ha cambiado desde 2019”, advierte Monroy, lo que deja a la economía mexicana expuesta ante interrupciones del suministro o incrementos abruptos en los precios internacionales. A través de su embajada, Rusia propuso suministrar gas LP y tecnología para el procesamiento de hidrocarburos.
million homes and businesses in Virginia, North Carolina and South Carolina, as well as regulated natural gas service to 500,000 customers in South Carolina - filed a letter of intention in December 2023 on the potential license extension of two other nuclear units. Applications for six others, two of which were filed 2025, are under review.
It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
He abandoned his takeover bid for Anadarko Petroleum in 2019 after being outmanoeuvred by Occidental Petroleum’s higher offer. That strategy had been in limbo during the arbitration, turning what was initially expected to be a clean, timely win for Chevron into a high-stakes challenge for Wirth, who had already lost one major deal.
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.
Asimismo, cerca del 20% del comercio global de gas natural licuado (GNL) transita por Hormuz, principalmente desde Qatar. Actualmente, México exporta principalmente crudo pesado Maya, mientras que importa grandes volúmenes de gasolinas, diésel y gas LP para satisfacer su consumo interno. Tras ese sabotaje (que recortó temporalmente ~5.7
sanctions on Venezuela’s energy industry since 2019. Venezuela has some of the world’s largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S. The licenses to U.S. and European refineries.
has moved away from fossil fuels like coal, oil and natural gas to reduce planet-warming greenhouse-gas emissions. Delivery times are about two to three years, up from about four to six weeks in 2019, he wrote. watch now VIDEO 12:49 12:49 Why the U.S. grid — pose another obstacle, Cembalest wrote.
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.” Now Underdog has worked with them since 2019.” Underdog runs 11 trucks.
According to New Mexico’s Legislative Finance Committee, offering the market rate of 25 percent for premium oil and gas leases is projected to contribute an additional $50 million-to-$75 million annually to the Land Grant Permanent Fund.
Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Sustain Low-Carbon Leadership in the Permian Environmental performance remains central. onshore portfolio through targeted sales and strategic redeployment.
But it was clear as early as 2019 that it would be behind schedule and it now seems to have fallen off the rails entirely. 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 amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. The state-owned integrated oil and gas company said it had won the award June 10.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Equinor Offered Another CO2 Exploration License in Norwegian North Sea by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 5:32 AM EST EXL014 will be the fourteenth license to be awarded for CO2 storage on Norway's continental shelf.
MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 percent per year.
We are standing up for our oil and gas sector and making sure our world-class resources reach the markets that need them. Together, Alberta, Ontario and Saskatchewan are showing what is possible when provinces step up. million metric tons of carbon dioxide equivalent since 2015, equivalent to taking 1.7
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! tWh to 55 tWh. tWh to 55 tWh. “At the same time, a more optimistic assessment based on Member State projections suggest that the EU could reach a figure of 42.6 “This represents significant progress compared to the 33.1-33.7
TotalEnergies launched the La Mede biorefinery in 2019. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! It will be filtered at Quatra sites and sent to TotalEnergies’ biorefineries for road biofuels and SAF production. There’s a reason 700K+ energy professionals have subscribed.
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., which made the country the world’s top oil producer in 2018.
Refiners in the US are churning through the most crude for the time of year since 2019, and prices for some fuels like diesel have soared. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! MacDonald, S. El Wardany, N. Razzouk & G. There’s a reason 700K+ energy professionals have subscribed. 700K Industry Pros can’t be wrong.
Since 2019, SCC has invested approximately US$379.9 It has encouraged participation in the annual beach cleanup days, carried out in collaboration with the Ministry of Environment and Natural Resources. In Mexico, copper producer Southern Copper Corporation (SCC) is striving to enhance its production sustainability. of its net earnings.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! “By connecting four U.S. According to the government’s online Permitting Dashboard, the environmental review and permitting process for phase I is expected April 2026. All comments are subject to editorial review.
Relations between the two countries have been strained since 2019, when the Tripoli government signed a controversial maritime border agreement with regional ally Turkey, shifting the borders of their continental shelves to connect their offshore waters at the expense of Greek and Egyptian claims ( MEES, 22 May 2020 ).
Thanks to the 2019 Foundation-won Johnson Controls NLRB decision, workers who want to remove unwanted union officials can also do so by submitting a majority-backed petition asking their employer to stop recognizing the union. The post Drivers Reject Steelworkers Union appeared first on Permian Basin Oil and Gas Magazine.
Since Citgo cut ties with its ultimate parent, Caracas-based state-run oil company PDVSA, in 2019, Venezuela has struggled to find new markets for its oil, while the Houston-based refiner has resorted to other crude suppliers.
VS Tankers has served as the operator, manager, and beneficial owner of the Marshall Islands-flagged crude oil tanker DIJILAH (IMO 9829629) since 2019. Panama-flagged liquified petroleum gas carrier (LPG) FOTIS has transported millions of barrels of Iranian LPG and other petroleum to multiple locations.
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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content