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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
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Valor | Energy Connection – June 16, 2025

Valor

Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. Stay tuned for weekly updates to keep you well-informed. to April highs after Friday’s 4.8%

Energy 52
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Texas RRC Reveals Latest Preliminary Oil, Gas Production Figures

Rigzone

The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels, according to the statement, which showed that the preliminary reported total volume of natural gas in the state during the same month was 918.4 The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.

Gas 103
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Valor | Energy Connection – June 23, 2025

Valor

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Shale’s ability to add 4.2

Energy 52
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EnerMech Awarded Decommissioning Contract by ExxonMobil

Rigzone

The Hoover and Diana fields are located approximately 160 miles south of Galveston, Texas. The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. Financial terms of the contract were not disclosed.

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EnQuest Closes Acquisition of Harbour Energy's Vietnam Assets

Rigzone

Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). As of January 1, net 2P reserves and 2C resources across the fields totaled 7.5

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Liberty Energy Q2 2025: Innovation-Driven Resilience Amid Market Headwinds

Oil Gas Leads

Field Efficiency Meets Tech Breakthroughs CEO Ron Gusek credited Liberty’s integrated service model and field execution for the quarter’s solid financials, citing record operational efficiencies and high equipment utilization. The company generated $71 million in net income , or $0.43

Energy 52