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billion project that, if completed, would make sustainable aviation fuel (SAF) at PIT from coalbed methane gas (see CNX, KeyState Partner with Pittsburgh Airport on H2 Aviation Fuel). In May of 2024, CNX Resources Corp., KeyState Energy, and Pittsburgh International Airport (PIT) announced they were working together on a $1.5
The completion of the transaction is subject to customary regulatory approvals. The deal is a further endorsement of the quality of our strategic approach, which combines economic and environmental sustainability in an integrated business model projected on the future of the energy sector,” Plenitude CEO Stefano Goberti said.
Image by Andrey Popov via iStock Perenco has completed the purchase of the Cherne and Bagre concessions in the shallow waters of Brazil’s Campos Basin from Petroleo Brasileiro SA (Petrobras). Perenco now expects its production in the South American country to grow to 35,000 bpd.
Mitsubishi Power, the energy solutions brand of Mitsubishi Heavy Industries, has completed a hydrogen fuel conversion project at the refinery of the Alexandria National Refining and Petrochemical Company (ANRPC). The project marks the first industrial use of hydrogen as boiler fuel in Egypt and the wider MENA region.
This award further reinforces ADNOC Drilling’s leadership in high-tech oilfield services, combining next-generation equipment, artificial intelligence (AI) and real-time intelligence to deliver smarter, safer and more sustainable energy outcomes.
a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. A combination of technologies from the wellsite to the cloud is required to enable this new approach to intelligent completions.
Notably, Vital brought its first two J-Hook wells online in Q2 , and commenced development of a full section of 12 horseshoe wells—showcasing its focus on innovative completions. With strategic rig utilization and efficient completions across core Texas acreage, Vital is positioning itself to thrive—even amidst pricing headwinds.
This new system completely eliminates the need for people to enter the tanks during the cleaning activity, one of the most critical and dangerous steps in the operation, as well as reducing operational and environmental risks.
MMBtu—a direct consequence of sustained takeaway bottlenecks and pipeline constraints that are unlikely to ease until the second half of 2026. Drilling Outlook: Operators tightening the belt—reduced rigs, deferred well completions, and capital spending discipline. MMBtu—and even Summer 2026 strip lingering around –$2.30/MMBtu—a
has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 Image by ssuaphoto via iStock Woodside Energy Group Ltd. Woodside said at the time, “The transaction does not include the deepwater Calypso field.
But they can stay competitive and succeed in this market context by rethinking their existing operating model around four key pillars: a fast and effective capex machine; a digital, resilient, and sustainable network; efficient operations with customer centricity; and multidimensional growth (Exhibit 2). 2 Based on expert interviews.
The strategic move marks EQT’s latest effort under its Transition Infrastructure strategy, which focuses on accelerating the energy transition through sustainable investments. In May 2025, Swedish private equity firm EQT AB (STO: EQT) entered into a definitive agreement to acquire a 54.1% The transaction price of €21.55
Completions Consultant plays a crucial role in the oil and gas industry, specifically in the final stages of well construction and preparation for production. Their primary focus is on the completion phase of drilling operations. This includes determining the type of completion (e.g.,
Modern energy consultants must master innovative methods to help clients reduce costs, improve efficiency, and meet sustainability goals. You need to understand their financial constraints, sustainability objectives, and operational requirements before recommending solutions.
With a second completions crew returning in Q4 and seven 4-mile laterals expected to be turned in-line by year-end, the company is well-positioned to sustain momentum through 2025. MBoepd (156.7 MBopd oil) — above guidance Adjusted FCF : $140.8 million — ~20% above expectations Adjusted EBITDA : $547.2 million Capital Spending : $355.6
Williston Basin White Paper – $25 Buy Now Key Insights: Sustained Output Amid Maturity Long-lateral drilling, multi-well pad development, and refracs are enabling production to hold near plateau levels (~1.2–1.3 Refracs & EOR Gaining Traction Operators are increasingly revisiting older wells with modern completions.
Sustained Free Cash Flow and Shareholder Returns In Q2, CNX delivered $188 million in FCF, bringing its cumulative total to approximately $2.5 The company has discontinued its traditional Corporate Sustainability Report in favor of real-time quarterly updates on its ESG Performance Scorecard.
We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power to advance new technologies including hydrogen, renewable natural gas and carbon capture and storage.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. With the total active rig count falling to 539—down 8 from the previous week and 46 below year-ago levels—states like Oklahoma are beginning to mirror the broader contraction.
said its Rijeka refinery in the country has produced sustainable aviation fuel (SAF) for the first time. in line with the International Sustainability and Carbon Certification standard for sustainable biofuels, according to the release. Image by Liliya Filakhtova via iStock Croatia’s INA d.d.
“Energy companies now recognize that without Indigenous participation, it will become increasingly difficult to move these kinds of projects forward.” Cynthia Hansen, Enbridge’s EVP of gas transmission and midstream, said the deal reflects Enbridge’s commitment to advancing reconciliation through sustained economic partnerships.
Official groundbreaking activities for the new hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production plant—the first of its kind in South Korea—began on Aug. Robert Brelsford Aug. 4, Eni and LG Chem said in separate releases. 14, 2023 ). 14, 2023 ).
The future of this essential technology is being engineered right now, and it looks smarter, more efficient, and more sustainable than ever before. These systems are defined by several key trends that prioritize intelligence, flexibility, and sustainability. The next generation of systems is being designed with sustainability in mind.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel. and Mitsui OSK Lines Ltd.
Fluor Corporation: Building Canada’s LNG Flagship Fact: Fluor and JGC built LNG Canada, achieving a 95% completion rate by 2024, and pioneering modular construction. While risks exist, Canada’s energy transition is creating a new economy where sustainability and profitability are inextricably linked.
As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. The ReFuelEU Aviation policy sets a sustainable aviation fuel (SAF) blending mandate that increases from 2 percent in 2025 to 34 percent in 2040 and 70 percent in 2050. 3 Assuming a 4.3 percent in 2030 to 35.0 percent in 2050.
Midstream Momentum with San Mateo The Marlan Plant expansion , completed on time and on budget, boosts total processing capacity to 720 MMcf/d in Eddy and Lea Counties. Its simul-frac and trimul-frac completions have reduced well costs by $250K–$350K each, accelerating cash flow generation.
As we continue our transformation, we are proud to support the nation’s strategic energy goals and reinforce our position as a leader in integrated drilling and completion solutions” The award “further reinforces ADNOC Drilling’s leadership in high-tech oilfield services, combining next-generation equipment, artificial intelligence (..)
The current reforms represent an attempt to carry out a complete reversal of the economic model of the industry, aimed at increasing its investment attractiveness and long-term sustainability. Kazakhstan, in fact, inadvertently subsidised consumers in neighbouring countries, exacerbating the shortage of supplies within the country.
Maintenance: Planned maintenance at Khor Mor in April temporarily reduced output but was completed ahead of schedule, ensuring long-term reliability. Group production in KRI rose 3% to 38,550 barrels of oil equivalent per day (boepd) despite planned maintenance. Dana Gas's share of receivables in KRI: AED 209 million ($71 million).
and Eni SpA’s mobility unit Enilive have broken ground on South Korea’s first hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production plant. It is scheduled for completion in 2027 and will annually process approximately 400,000 tons of renewable bio-feedstock, the companies said in a joint statement.
According to SEWA, the current completion rate of the project has reached 46%, with phase one scheduled for completion in the first quarter of 2026. Once complete, the project will provide gas services to nearly 989 residents in the area.
Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example. Operational Innovation: Doing More with Less From drilling to completions, the U.S. Devon Energy improved completions efficiency by 12%.
It was only supposed to take about two years to complete. Similar peer reviews undertaken between the United States and China, Germany and Mexico, and Italy and Indonesia took between 12 and 24 months to complete. As of 2021, 11 G20 peer reviews had been completed.
Capital and activity: In 2024, Coterra invested $289 million in drilling and completions in the Anadarko Basin. The company has not provided explicit 2025 Anadarko capex guidance publicly, but given 2024’s spend and the early-2025 uptick, a ballpark figure in the low-to-mid $200 millions is likely if that extra rig is sustained.
They can enhance your completion fluids to achieve optimal reservoir wettability and increased production. The team left corporate energy to build what the industry truly needs, intelligent, scalable, and sustainable technology for modern oilfield operations.
This 32-percentage-point differential represents a sustainable competitive advantage that cannot be easily replicated. Organizations using proprietary data report 73% success rates with AI forecasting, compared to just 41% for those relying exclusively on public sources. Want the Full Analysis?
Output is set to rise by up to 500,000 boed in the third quarter after Chevron completed the acquisition of Hess earlier this month, following a lengthy, bitter legal battle with Exxon. Smaller rival Chevron also posted its highest-ever quarterly production of 3.4 The story is quite different in Europe. Shell’s production dropped 4.2%
Rising Service Costs : Inflation and supply chain pressures continue to push up the cost of drilling and completions. Outlook for the Rest of 2025 Unless oil prices stage a sustained rally, the remainder of 2025 may see continued moderation in rig activity.
“With this technology, true subsea asset rejuvenation becomes a reality in a sustainable manner, enabling continuous maintenance in place of expensive and time-consuming replacement.
Hydrate Formation: Under certain pressure and temperature conditions, water can combine with natural gas components to form solid ice-like structures called hydrates, which can severely restrict or completely block flow in pipelines. Solids can foul heat exchangers, restrict flow through orifices, and reduce the efficiency of compressors.
By drilling and completing multiple wells across adjacent sections and formations simultaneously, the company achieves: Lower costs per foot Higher hydrocarbon recovery Faster project cycles In H2 2025, Coterra is expected to scale this strategy across newly acquired acreage , enhancing margins and operational efficiency.
0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Aramco Says Saudi Oil Rig Decline Due to Completion of Projects by Bloomberg | Verity Ratcliffe | Tuesday, August 05, 2025 | 9:00 AM EST The number of active rigs targeting oil in the kingdom dropped to its lowest in more than two decades in July, according to Baker Hughes data.
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