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Chevron Tops Profit Estimates on Record-High Oil and Gas Output

OilPrice

The decline was the result of lower realizations due to lower crude oil prices, lower income from upstream and downstream equity affiliates,… Chevron Corporation (NYSE: CVX) beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs.

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Bringing 'superintelligence' to the energy industry

Oilholics Synonymous Report

Applied Computing claims Orbital utilises "100% of available data from downstream energy facilities" – compared to 8% captured by traditional methods – and is outperforming previously benchmarked state-of-the-art software by 90% in key metrics. The company offered the attendees, present company included, a demo of Orbital in action.

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BP sees lower oil prices denting Q2 profit

Oil & Gas 360º

BP has been under intense pressure from activist investor Elliott in recent months to cut costs and boost share performance and has once again become the topic of market speculation that it’s a target for a blockbuster acquisition in the sector. By Tsvetana Paraskova for Oilprice.com

Oil
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Improving Gas Separation Efficiency with Advanced Filter Separators

Pro-Gas Services

This critical initial step, gas separation, lays the foundation for efficient and safe downstream operations. We typically employ these units as a crucial component in downstream processing, often preceding dehydration units or compressors, or acting as final polishers before pipeline entry.

Gas
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Azule Energy starts production from Agogo FPSO

Oil & Gas Journal

About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. The fields have combined estimated reserves of about 450 million bbl with projected peak production of 175,000 b/d produced via the Agogo and Ngoma FPSOs. The Agogo FPSO has a production capacity of 120,000 b/d of oil.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Key themes include the deployment of artificial intelligence, automation, digital twin technology, predictive analytics, and cyber resilience across upstream, midstream, and downstream operations.

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Saudi Aramco posts revenue drop ahead of projected demand hike in second half

CNBC: Energy

"An in-line set of results this morning from Aramco, with sequentially weaker upstream earnings offset by a recovery in refining results," RBC analysts said in a note following the results. " Crude prices have stayed depressed over the course of the year, barring a brief second-quarter flare-up sparked by Israel-Iran tensions.