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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.
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.
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
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.
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
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.
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.
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 Some other notable contracts during the quarter were Bram Offshore and Starnav Servicos Maritimos $2.74
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 Some other notable contracts during the quarter were Bram Offshore and Starnav Servicos Maritimos $2.74
This includes both onshore and offshore activities. Production increases in the Permian Basin, for example, are a challenge regarding the takeaway capacity of the existing pipeline infrastructure. Assets: Downstream assets include refineries, petrochemical plants, distribution networks, and retail outlets (gas stations).
company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s.
onshore wind farms and spinning off offshore wind assets. Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%.
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