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Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. US output remains a key driver. Global demand forecasts remain unchanged.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB).
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%
May 14, 2025 Chart of the Day EOA: OPEC Production Declined in April! OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. US output remains a key driver. Brent crude recently dropped to its lowest since 2021, settling near $60.
We reveal how load drivers, such as data centers and new manufacturing facilities, impact market dynamics, shape asset-level profitability and unlock detailed valuations that inform investment decisions. over the next 30 years, driven by detailed supply and demand fundamentals. An influx of low-carbon fuels has put downward pressure on U.S.
This product will provide powerful insights to determine the economic feasibility of new projects, optimize hedging strategy, understand impact of broad market changes and policy, and perform valuation for potential investments or divestitures. How often is the model updated to reflect market drivers? The power grid changes constantly.
Research Highlights Long-Term Load Forecast The Data Center Decade : This report encompasses Enverus Intelligence Research’s view on how exponential load drivers will impact our power demand forecasts from 2025-2050. Enverus Intelligence | Research, Inc.
With attendees representing more than 350 companies, ranging from oil and gas producers to power generators to cloud providers, the event served as a dynamic forum for exploring the future of energy. This matters because working-age individuals are the primary drivers of economic growth and energy consumption. Artificial intelligence.
We gained these benefits from a recent project to apply artificial intelligence (AI) to early exploration research. This helps them to make better and faster decisions in the intense competition for gas and oil exploration contracts. From acquiring licenses to starting production can take over a decade.
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. Reducing emissions NGL processing is a key industry driver and a commitment at Pro-Gas LLC. This drives NGL purity improvements and market value.
Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. Achieving self-sufficiency in diesel and kerosene production.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The resulting properties were then used to build a numerical model to generate production forecasts.
Since then, weve built the industrys highest-quality database, incorporating cutting-edge AI to enhance your understanding of spacing, landing zones , and future production with unprecedented precision. Explore the details below or scroll to the bottom for our video demo and a firsthand look. But we are not stopping there.
The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.
As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms. Figure 3: Spacing and production in the Delaware Basin.
ExxonMobil Egypt has recently celebrated milestones achieved in 2024 during its annual lubricants and fuel conference, underscoring its commitment to sustainable growth and delivering high-quality products. Notably, ExxonMobil was granted exploration rights for several offshore blocks in the Nile Delta region.
Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
By 2028, Exxon expects to have its first data center site operational, and fully decarbonized by 2029a sign of how energy production and digital infrastructure are becoming tightly linked. Power independence is a financial driver too. There continues to be a very strong desire for data centers to be decarbonized, Woods emphasized.
Today, we’re exploring the critical role of the Vapor Recovery Unit (VRU) in achieving both emissions reduction and optimal operational efficiency. The recovered hydrocarbons can then be reintroduced into the production stream, increasing overall yield. This is where the hydrocarbon recovery becomes a major point of interest.
Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production. Getting to production is the challenge.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
Data platforms must combine business and technology drivers to be successful and platform choice really matters. The ODSU Forum works collaboratively to build a cloud native data foundation with application-specific (API) and industry-data standards for seamless data access and integration.
Major Drivers of Power Demand Growth by 2030 Multiple converging trends are reshaping the U.S. Energy-intensive industries such as semiconductor production, electric vehicle (EV) manufacturing, and heavy industry are returning to the U.S., The countrys electricity demand is expected to rise 10% to 17% by 2030, compared to 2024 levels.
With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 Nobody was the OBVIOUS driver. GSHR has only drilled 4km of the immediate 8km Moss corridorso LOTS of exploration potential left. GSHRs Moss deposit is 100 km west of a big resource hubThunder Bay, Ontario.
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. Let’s explore your tailored, cost-effective NGL separation solutions together!
Energy Information Administration expects crude oil production to rise to a new record average of 13.61 Trump wants increased production because he wants lower energy prices and that stands in direct opposition to expanding investments in oil and gas. shale oil production is set to plateau by the end of the decade.
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