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
The geology is familiar, the operators are credible, and the development timelines are beginning to crystallize. Guyana’s offshore story began in earnest with ExxonMobil’s Liza-1 discovery in 2015, followed by first oil in 2019. Today, production…
(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. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5%
The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 Their first discovery was announced at the Glaucus-1 well in February 2019. kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said.
At the time, they classified the Canadian operations as among their more expensive, and therefore less profitable, projects worldwide. Suncor operates a 900-tonne truck at its Fort Hills operation north of Fort McMurray, Alberta, which the company says is the world’s largest hydraulic mining shovel. Back in 2017-2019, U.S.
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.” The opinion in Cactus Water Services v.
billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. The Fram South development consists of Echino South, discovered 2019; Blasto, discovered 2021; and two smaller discoveries. Equinor operates Fram with a 45 percent stake through Equinor Energy AS. Var Energi ASA owns 40 percent.
The French companies “will offer a complete logistics service, from reload access at Gate terminal facilities to LNG bunker delivery to a wide range of vessels operating in the Amsterdam-Rotterdam-Antwerp (ARA) region, including those of CMA CGM as well as other shipping operators”, a joint statement said.
Oil price volatility is creating uncertainty that makes it difficult for supermajors, independents and private equity-back operators, to capitalise on what would otherwise be an attractive market,” Raina said. However, gas deals, especially in US shale and Canada’s Montney region, are holding up well.
licenses allowing foreign partners to operate in the sanctioned OPEC member. sanctions on Venezuela’s energy industry since 2019. PDVSA’s crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. The licenses to U.S.
Exxon, which operates the Guyana project and holds a 45% stake along with Hess and CNOOC , challenged the merger through arbitration, citing a right of first refusal on Hess’s Guyana assets. He abandoned his takeover bid for Anadarko Petroleum in 2019 after being outmanoeuvred by Occidental Petroleum’s higher offer.
In fact, the multi-billion-dollar dispute hinged on the interpretation of a single sentence in the joint operating agreement. The Guyanese field’s production has soared from zero in 2019 to 668,000 barrels per day by the end of March 2025, and is forecast to nearly double to 1.3 energy sector. million bpd by the end of 2027.
Summer Nuclear Station Unit 1 in Jenkinsville, South Carolina, a 20-year extension to operate through 2062. Summer Nuclear Station Unit 1 in Jenkinsville, South Carolina, a 20-year extension to operate through 2062. The facility is a three-loop Westinghouse pressurized water reactor operated with oversight from the NRC.
operated Buzzard field, which started production 2007; an operating stake of 65.11percent in Mariner, online since 2019; and an 80 percent operating stake in Rosebank, expected to come onstream 2026. percent operating stake in Pierce, which started production 1999; a 44.9 Adura will include Equinor’s 29.89
An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. To remain competitive in this new context, companies are investing in decarbonizing their operations. Mtpa, COD 2025); and Sinopecâs Qilu-Shengli chemical plant (1.0 Mtpa, COD 2022). 2 Comparing â¬39/ton in a 0.6
NexTier’s management says they are using advanced electric drive equipment, along with automation-enabled pumpdown technology to streamline service operations during well completions. Justin Esquibel is owner/operator of Underdog Wireline , a business he owns with his wife and his wife’s parents. Underdog runs 11 trucks.
Elijah Nouvelage | Bloomberg | Getty Images Electricity demand growth was "minimal" in recent decades due to increases in energy efficiency, according to Jennifer Curran, senior vice president of planning and operations at Midcontinent Independent System Operator, who testified at a House energy hearing in March.
million barrels a day from 2016-2019 has spurred a 9% rally in a basket of related U.S. This addresses a billion-dollar problem, with one operator losing $1.1 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations. Shale’s ability to add 4.2 Read more Chevron enters U.S.
France’s TotalEnergies will serve as operator with a 24.5 However, TotalEnergies that year exited the Sonatrach Total Entreprise de Polymeres joint venture formed 2019 to explore a petrochemical project in Arzew in the northwest of Algeria. percent stake during the exploration and appraisal phases.
The integration of Pioneer Natural Resources has unlocked: The largest contiguous acreage position in the basin Over $3 billion in anticipated annual synergies Operational efficiency through cube development and next-gen lateral designs The second half of 2025 will focus on executing this scale advantage to sustain high-margin growth.
“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. billion arbitration award won by the Ukrainian company in Zurich.
“The data will now be subject to further analysis, and the results will become part of the basis for future decisions regarding investment in the Havstjerne storage project” Upstream oil and gas player Harbour owns 60 percent of EXL006 and is operator through Harbour Energy Norge AS. Stell Maris CCS AS holds 40 percent.
“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters)”, the United States energy giant said in a press release February 28, 2019. QatarEnergy holds 40 percent.
Reports by the UK Maritime Trade Operations on widespread electronic interference and GPS jamming and location spoofing are adding to vessel owners' worries. Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. The moves follow a U.S.
“The analysis of 32 electricity transmission system operators across 28 countries finds that many are still using outdated scenarios rooted in old government targets and market assumptions”, the think tanks said in a statement. “This represents significant progress compared to the 33.1-33.7
“It is an open-access line that will deliver all forms of American energy based on customer demand and available market power, enhancing the ability of the largest grid operators to share power, including from generators directed to operate under DOE’s 202(c) authority”, the letter added.
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.
Since 2019, SCC has invested approximately US$379.9 This is money, the company makes clear, that flows into communities near its operations, representing on average 3.5% In Mexico, copper producer Southern Copper Corporation (SCC) is striving to enhance its production sustainability. of its net earnings.
Derek Sammann 4:32 I would say, Listen, we pay a lot of attention to what we do and how we’re operating and how our customers are interacting. We have a very clear set of market regulatory rules that everybody understands and operatingoperate exactly as they are explained on our website. What’s really encouraging?
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. Youâre listening to McKinsey Talks Operations , and Iâm your host, Daphne Luchtenberg.
Skip to main content The European asset management industry: Navigating volatile times July 9, 2025 | Article Felix Wenger  Niklas Nolzen  Nunzio Digiacomo Macroeconomic uncertainty and weaker profits are forcing the industry to rethink its business and operating models. (12 Crypto grew 75 percent a year from 2019 to 2024.
13902, which targets those operating in certain sectors of the Iranian economy, including Iran's petroleum and petrochemical sectors, as well as the counterterrorism authority E.O. 13902 for operating in the petroleum sector of the Iranian economy. 13902 for operating in the petroleum sector of the Iranian economy.
Ali al-Janabi, has replaced Walid Hadi who held the role since 2019. Mr Janabi has considerable experience in the region, having previously led Shell’s operations in Iraq and the UAE. Shell has appointed a new country chair to its business in Oman.
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with. What accounts for this imbalance?
a nationwide distributor of natural gas, has released its operating results for the fourth quarter of 2019. “Our The post Clean Energy Reports 2019 Fourth Quarter Sales appeared first on NGT News. Clean Energy Fuels Corp.,
Like the Bluetooth-based apps used during Hong Kong's 2019 protests , Bitchat is designed to keep working even when the internet is blocked, offering a censorship-resistant way to stay connected during outages, shutdowns or surveillance.
2019 was a year of innovation and collaboration at Coolfire. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019. As emerging technology brings operational hardware online, the distinction between IT and OT is blurring but whats the difference in the first place? Read Full Text 2.
COG Operating, LLC , a dispute over ownership of produced water. Its holding: COG, the operator, owns the produced water. The Supreme Court has handed down its opinion in Cactus Water Services, LLC v. Between 2005 and 2014, the Colliers granted leases covering 37,000 acres of land in Reeves County to COG.
The UK government's maritime trade operations division warned mariners of "increased tensions" that could escalate military activity. The primary concern is the response from Iranian sympathizers in Iraq and Yemen, as seen in September 2019. To be clear, this is not about war but an attack and possible response.
Usually in such a circumstance the two companies will sign an operating agreement naming one of them as operator and agreeing to share in the costs of drilling wells on Blackacre. But what if Company B refuses to enter into an operating agreement and drills and produces wells on Blackacre, paying all the costs? Anadarko , No.
Fasken is also the operator of wells on the 60,000 acres. Fasken sued the Boren and Mabee descendants in 2019, contending that the 1933 deed reserved a floating 1/4th of the royalty. Mabee in the minerals under this 60,000 acres. Fasken Oil and Ranch, Ltd. is the successor to Midland Farms Company and owner of the reserved royalty.
The first hydrogen-powered tugboat is ready for operation in the Antwerp port area. After spending the past few months in Antwerp undergoing final testing and certification by Lloyd’s, the vessel known as Hydrotug 1 will be in full operation at the port in 2024. The project was first announced in 2019 and.
Fingerprints Effective January 1, 2019, Louisiana Senate Bill 416 requires all investment adviser representative (“IAR”) applicants to submit fingerprints for a criminal background check to the Louisiana Commissioner of Securities. ADV Amendments Advisers must file their annual Form ADV Amendment by March 31, 2019. 51:703(D)(5).
With the current 9 GW of operating biomass power plants in the Lower 48 and the expected load growth driven by large demands, such as those created by data centers, the opportunity for BECCS is significant and economically attractive, potentially facilitating CCS at a commercial scale. The BECCS opportunity in the U.S.
million dollars in emergency costs from prior operators of an orphaned well. The Court held that, when the LDNR spends monies from the Oilfield Site Restoration Fund on emergencies, it can only recoup those costs from the well’s operator of record and its working interest owners. who last operated the property. 4/6/22), –So.
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