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will identify an exploration target in Bedout sub-basin, offshore Western Australia, after completing the Bedout Mega Merge seismic reprocessing project. About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. He is a member of the Society of Petroleum Engineers (SPE).
This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford. The Utica and Uinta Basin are gaining attention, despite offering significantly less scale.
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Almost all of the production growth has come from the Permian Basin region. oil production is forecasted to average 13.4
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. Bass Strait assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV). He is a member of the Society of Petroleum Engineers (SPE).
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. 47 Pedro Pereira, Carlos Ribeiro, and Júlio Carneiro, âIdentification and characterization of geological formations with CO 2 storage potential in Portugal,â Petroleum Geoscience , May 20, 2021, Volume 27.
This regulatory milestone reflects the broader reshuffling of premier upstream assets in South Texas, once held by global energy giant BHP Billiton Petroleum. Background: From BHP Billiton Petroleum to BPX The MCCARN site was originally operated by BHP Billiton Petroleum TXLA Operating Company , a regional arm of BHP Billiton’s U.S.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. One of her boldest moves was the acquisition of Anadarko Petroleum for $59 billion—outbidding Chevron and reshaping Oxy’s asset base. oil and gas company. 84% of Occidental’s output is now from U.S.
Higher production in Western Australia was offset by flood impacts in the Cooper Basin. “Over 200 wells and several upstream compressors were shut in. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. The Australian company produced 22.2 Crude oil sales increased from 1.26
About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. He is a member of the Society of Petroleum Engineers (SPE). TotalEnergies is operator of CLOV Phase 3 (38%) with partners Equinor (22.16%), ExxonMobil (19%), Azule Energy (15.84%), and Sonangol E&P (5%).
has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027. Western Australia’s Mines, Petroleum and Exploration Department gave the project until July 2027. Image by DanielIngelhart via iStock Buru Energy Ltd.
Higher production in Western Australia was offset by flood impacts in the Cooper Basin. “Over 200 wells and several upstream compressors were shut in. Sales of liquefied petroleum gas surged from 7,800 metric tons to 29,800 metric tons. The Australian company produced 22.2 Crude oil sales increased from 1.26
The objective was to prove petroleum in reservoir rocks in the Cook formation from the Early Jurassic. About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. He is a member of the Society of Petroleum Engineers (SPE). The well has been permanently plugged.
million barrels a day, more than Saudi Arabia and Iran combined, and companies in its shale basins have a unique ability to ramp up output quickly — within about 6 to 9 months — with the right oil-price incentive. West Texas Intermediate declined 4% at 12:47 p.m. in New York to $71.92 a barrel, after an earlier rally faded. produces about 13.4
For more on the deal between Chevron and Hess and what acquisition activity may still come this year, listen in to ICYMI: Chevron closes Hess deal, whats next for 2025 upstream M&A? , About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal.
The primary target was to prove petroleum in Lower to Middle Jurassic reservoir rocks in the Ile formation (the Fangst Group). The secondary exploration target was to prove petroleum in Lower Jurassic reservoir rocks in the Tilje and Tofte formations (the Båt Group). The petroleum-water contact was encountered 3,513 m subsea.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. About NSAI Netherland, Sewell & Associates, Inc.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. About NSAI Netherland, Sewell & Associates, Inc.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4.
All in all, were looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. In other words, refiners are minting money on the crack spread.
Platforms integrated across previously siloed workflows, connecting upstream operations with midstream logistics and downstream analytics. Energy companies with decades of operational history across diverse basins and conditions possess an irreplaceable asset that even well-funded competitors cannot replicate.
Targeting this area provided for a significantly less expensive acquisition cost for undeveloped locations than what could be found in the Permian while also getting a much less developed asset than what would be available at scale in areas like the Eagle Ford and Williston Basin.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
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.
According to Occidental Petroleum CEO Vicki Hollub, unless the industry embraces artificial intelligence and carbon capture technologies on a larger scale, domestic oil output could hit a production plateau as early as 2027. Want to track companies investing in carbon capture, AI, and enhanced recovery in the Permian Basin?
During exploration and other upstream activities, optimizing resources depends on accurate models that illuminate the subsurface potential. The project’s initial focus is the prolific Santos basin in Brazil. The work is so promising that it is funded by Brazil’s National Agency of Petroleum, Natural Gas and Biofuel.
Strategic Petroleum Reserve (SPR) right to the top and export American energy all over the world. In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. appeared first on Permian Basin Oil and Gas Magazine.
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