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energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to [Read more]
In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.
energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas [Read more]
With inventories hovering near operational minimums and Gulf Coast terminals like Corpus Christi and Houston now dominating export flows, Midland WTI, is stepping into the spotlight frequently even setting Brent pricing. Anthony Macaluso, General Index Cushing is no longer the pricing anchor it once was.
energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by [Read more]
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.
Anadarko Basin operations are primarily in Oklahoma (SCOOP/STACK plays), with some assets extending into southern Kansas and the Texas Panhandle in the case of Mach. Ovintiv (OVV) – Oklahoma (Anadarko Basin) Operations Ovintiv (formerly Encana/Newfield) holds significant acreage in Oklahoma’s STACK/SCOOP (Anadarko Basin).
Santos operates two large LNG facilities in Australia: Darwin LNG and Gladstone LNG. Santos is also the majority shareholders in the PNG LNG project in Paua New Guinea, after taking over Oil Search back in 2021.
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.
rig count fell for the sixth straight week, dropping by 4 to 559, the lowest since November 2021, according to Baker Hughes. The total count is down 35 rigs, or 6%, from the same time last year, with the Permian Basin, Eagle Ford, and Texas all hitting their lowest levels since November 2021. Read more U.S.
energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell [Read more]
An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. 10 Based on the European Unionâs 2021 emissions. To remain competitive in this new context, companies are investing in decarbonizing their operations. Mtpa, COD 2022). 2 Comparing â¬39/ton in a 0.6
While oil rig counts continued to slip, steady activity in key basins like the Haynesville and a sharp uptick in states like Kansas signal a potential turning point for upstream operations heading into the second half of 2025. Here’s a structured summary and analysis of the latest U.S. bpd (2024) → 13.4M Bcf/d in 2025 from 103.2
In this case, Texas Crude Energy, LLC (Texas Crude) and Warwick-Athena, LLC (Warwick) (collectively, the non-operators) sued Burlington Resources Oil & Gas Co., LP (Burlington or the operator) after Burlington refused to drill several proposed wells on the basis that “it would be imprudent to do so.”
“Kongsberg Ferrotech is working with world-leading energy operators from PTTEP of Thailand to ADNOC, Aramco, Total Energies and Petrobras to adapt the Kongsberg Ferrotech Technology to optimally support their operations.
The Louisiana Oil Company Directory is a compiled directory of oil & gas companies operating in LA, one of the most prolific oil and gas-producing regions in the world. US Rig Count – Number of rigs operating in the U.S. Wells Drilled US Since 2021 – Total wells drilled in the US since 2021.
As the block’s operator, Inpex said it discovered multiple conventional oil, condensate and gas layers through the drilling of exploratory wells conducted since May 2021. The natural gas used as a raw material in the process is domestically sourced from the Inpex-operated Minami-Nagaoka Gas Field in Niigata Prefecture.
The Raven field, the final phase of the WND project, has been in production since early 2021. The WND Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.
According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 June 9, 2025 U.S. Here is a summary of the U.S.
The New Mexico Oil Company Directory is a compiled directory of oil & gas companies operating in NM, one of the most prolific oil and gas-producing regions in the world. US Rig Count – Number of rigs operating in the U.S. Wells Drilled US Since 2021 – Total wells drilled in the US since 2021.
By 2030 Petronas aims to have “Biodiversity Action Plans” for all “very high” and “high” risk areas that host sites under Petronas’ operational control. “Where not feasible, PETRONAS establishes comparable areas to substitute the loss.
Operators increasingly turn to emerging basins both domestically and internationally, yet production forecasting in these frontier areas remains severely constrained by limited well control and production history. The fundamental limitation in emerging basin evaluation derives from insufficient production calibration data.
The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.
oil and gas rig count fell, dropping by eight to 539 as of July 3, its lowest level since October 2021 and down 8% from the previous year. COG Operating, establishing that produced water is the property of the mineral estate owner. Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations.
Oil rigs at their lowest since October 2021. Gas rigs up YOY , signaling selective interest in gas-focused plays. Wyoming experienced the steepest weekly drop , losing 5 rigs. Oklahoma’s rig count remains above 2024 levels , despite a weekly dip.
Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. But behind the scenes, another transformation is powering up— a surge in electricity demand that is turning West Texas into a critical anchor for national grid growth.
The contract, which was awarded in 2021, followed the successful delivery of front-end engineering design for the Scarborough Energy Project's FPU and includes engineering, procurement, construction, installation and commissioning (EPCIC) services, McDermott said in an earlier news release.
The exchange agreement preserves the SPR’s operational flexibility and will not impact or delay the Department’s ongoing efforts to refill the reserve,” DOE said. The exchange will support ExxonMobil’s restoration of refinery operations that were reduced due to an offshore supply disruption.
“Some commentators suggested that market operators may have already factored the increase in the prices during 2024 before the halt of the transit. “On the contrary, Brent is on a downward trend since January 2025, returning to levels last seen in spring 2021.
By 2024, PIS vessels operated 65 international routes, up from 11 in 2021. To meet rising global demand, PIS opened three international offices in Singapore, Dubai, and London through its subsidiary PIS Asia Pacific, increasing non-captive revenue from 4 percent in 2021 to 19 percent in 2024, the company said.
The Pennsylvania Oil Companies Directory is a compiled directory of oil & gas companies operating in PA that focus on the Appalachian basin Basin, one of the most prolific oil and gas-producing regions in the United States. US Rig Count – Number of rigs operating in the U.S. Purchase Complete Directory – Only $10.00
“Despite pockets of activity adjustments in key markets, the industry has shown that it can operate through uncertainty without a significant drop in upstream spending,” SLB Chief Executive Officer Olivier Le Peuch said in a statement Friday.
It will also reduce duplication and allow the Company to source high quality, local talent in our operational locations. Joining Karoon in 2020, Julian was instrumental in developing and delivering Karoon’s 2021 Strategic Plan.
First drilled in 2021 and confirmed as a discovery the same year, Rafael has been assessed to hold contingent and unrisked gross recoverable volumes of 85-523 Bscf of gas and 1.8-10.6 Buru plans to drill two wells, including the 2021 discovery. The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21
drilling activity continues its downward slide, hitting its lowest level in nearly four years as operators scale back amid persistent market uncertainty. Rigs : 537 (↓ 2) – lowest since Oct 2021 Oil Rigs : 424 (↓ 1) – lowest since Sept 2021 Gas Rigs : 108 (unchanged) Misc. July 14, 2025 U.S. Rig Count Trends Total U.S.
ExxonMobil operates Block 10 with a 60 percent stake. Texas-based ExxonMobil and state-owned QatarEnergy are also partners in Cyprus’ Block 5, for which they signed an exploration and production sharing contract December 2021 with ExxonMobil as operator. QatarEnergy holds 40 percent. The license was awarded April 2017.
The North Dakota Oil Companies Directory is a compiled directory of oil & gas companies operating in ND that focus on the Williston Basin, one of the most prolific oil and gas-producing regions in the United States. US Rig Count – Number of rigs operating in the U.S. Purchase Complete Directory – Only $10.00
sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. operators will drill and complete fewer wells through 2026, the EIA estimated. (World Oil) – The U.S. President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37
The University of Konstanz already operates its own combined heat and power plants, which cover 50 percent of its electricity requirements. In 2021, they signed a gas contract with the University of Stuttgart for January 2023 to December 2026. The agreement brings the universities one step closer to a sustainable electricity supply.
Private firms such as Jio-bp, Shell India and Nayara Energy have struggled to expand fuel retail operations in the country where nearly 90% of the more than 97,000 gasoline and diesel outlets are run by state refiners.
At the same time, developers must weigh the risk of renewed terrorist attacks, which prompted Total to halt its $20 billion facility in 2021 in the northern province of Cabo Delgado. Mozambique has deployed its army, police, mercenaries and regional armed forces to end the attacks by the Islamic State-linked insurgents.
listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Founded by Jack Dorsey in 2009, Square changed its name to Block in 2021 to emphasize its focus on blockchain technologies. " Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc.,
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 percent in 2022), reaching the highest level since 2021.
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.
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