article thumbnail

Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.

E&P 130
article thumbnail

CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. The oil is light crude.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

In 2022, the three main HtA industries—cement, steel, and chemicals—contributed over 8 percent of the industrial sector’s total direct gross value added (GVA) for Iberia and provided 300,000 direct jobs. This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers.

article thumbnail

ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

Despite a dry well in a previous attempt to delineate the discovery in 2022, the latest appraisal has provided encouraging results. A successful formation test was completed, achieving a maximum production rate of 650 standard m 3 of oil per flow day through a 36/64 in. nozzle opening. Please sign in or register for free.

article thumbnail

TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. For TotalEnergies the license expands a footprint that already includes producing licenses.

article thumbnail

Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Ward, is an upstream LP focused almost entirely on the Mid-Continent. Budget and 2025 outlook: Mach’s capital spending in 2024 totaled about $60 million in Q4 (including $56 MM on upstream development). Mach Natural Resources (Mach Resources) – Mid-Continent Focus Mach Natural Resources (NYSE: MNR), led by CEO Tom L.

article thumbnail

Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation. (World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency.

Offshore 130