Remove Basin Remove Offshore Remove Refinery
article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

Pipelines, refineries, and export terminals followed, creating a full-scale oil ecosystem. As we reflect on the legacy of Bibi Heybat, we gain a deeper appreciation for the remarkable journey of the oil and gas industry—from its ancient roots in natural oil seeps to high-tech offshore rigs and precision horizontal drilling.

Oil
article thumbnail

Rystad: New EU sanctions hit India's Nayara refinery

Oil & Gas Journal

China has better leverage in this scenario, so the focus has shifted to India’s Nayara refinery. Russian oil now accounts for 30-35% of India’s total refinery runs, highlighting the strategic significance of discounted Russian crude to the country’s refining sector, Rystad noted.

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

The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. Transport type: Offshore pipeline transport costs are typically 1.3

article thumbnail

ExxonMobil’s Top 5 Priorities for the Remainder of 2025

Oil Gas Leads

As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end.

article thumbnail

Lula’s Brazil Doubles Down on Oil and Cash

OilPrice

A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to extract $6.2 It also recently auctioned 19 blocks in the Foz do Amazonas basin, part of the Equatorial Basin and a highly sensitive ecosystem, according… South America’s biggest country produces around 3.5

Oil
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

article thumbnail

U.S. Upstream Leads ExxonMobil’s 2025 Strategy — Powered by “Advantaged” Projects

Oil Gas Leads

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.