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Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin.
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. operating companies.
After years of volatility and infrastructure constraints, a new wave of investment and activity is materializing—driven by strong operator sentiment, a rebound in permitting, and a long-awaited breakthrough in market access: the Trans Mountain Expansion (TMX) pipeline. Optimization + brownfield growth CNRL 810–835K ~2.8
There are two primary destinations for PW from onshore operations. The result is operators are spending more to ship PW further and then paying higher prices for disposal volumes, especially at SWD facilities just outside of the SRAs. This could force operators to stop production in previously profitable fields.
The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. The field is operated by Equinor, with Aker BP holding a 31.6% The partnership has submitted a notification to the authorities in accordance with the existing plan for development and operation (PDO).
Canadas long-awaited Trans Mountain Pipeline expansion is up and running but not yet at full capacity. crude price differential has narrowed to under $10/bbl Alberta gains ~$740M in revenue for every $1 improvement in the differential Will this Crown-owned asset pay off? Some believe it will if it operates for decades to come.
Genel Energy has issued a trading and operations update relating to Q1 2025. The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region. By John Lee.
million bbl of oil equivalent in Triassic reservoir rocks. The Deepsea Yantai drilling rig, operating in a water depth of 341 m, was utilised for the drilling. After the completion of operations, the well was permanently plugged and abandoned.
million in common shares of Tourmaline Taken together, the disposed assets generated $149 million of operating earnings in 2024 (12% of total Strathcona YE 2024 operating earnings, excluding interest and other corporate items) and had a YE 2024 proved PV-10 before-tax of approximately $2.3 Tourmaline) for $291.5
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
Bbl UP $2.22 Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17
Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Anticipated annual synergies of over $200 million can be achieved independent of commodity prices and will begin to be captured upon closing of the transaction.
Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Operating loss (52.4) (10.3) Cash flow from operations 66.9 Basic LPS from continuing operations ( per share) (22.5) (6.1)
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. shale sector is experiencing a robust wave of mergers and acquisitions (M&A) as companies seek to bolster inventory and scale their operations. CONSOLIDATION GAINS MOMENTUM AMID INVENTORY CONCERNS The U.S.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55
The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%). The project includes the drilling of more than 200 wells and the installation of a new centralised process complex, nine remote wellhead platforms, and associated pipelines.
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5 The first projects are expected to be operational by 2028.
Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. Regarding exports, Gulf Keystone continues to engage with government stakeholders to resume oil exports through the Iraq-Türkiye Pipeline (ITP).
Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. As a result, we are pleased to announce today the declaration of a $25 million interim dividend as we reiterate our 2025 operational and financial guidance. bbl (2023: $40.9/bbl)
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