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(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3 bcf, equivalent to 28.8
by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.
They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S. and Canadian company earnings.
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Ron holds a B.Sc. Ron is a runner, cyclist, hiker, skier, and occasional adventure racer.
In particular, Viaro will prioritise the development of the Selene discovery – one of the largest gas fields in the UK Southern North Sea in the past decade. Viaro also plans to progress the nearby Blackadder exploration prospect, which is geologically analogous to Selene and well-positioned near existing Viaro infrastructure.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. âGross value added and income by detailed industry (NACE Rev.2),â billion tons by 2030.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” The units’ electrical power needs can be fed by an in-field electrical source.
“The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment operations”, Halliburton added. The contract also covers decommissioning. announced a deal to consolidate their UK North Sea assets.
Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28 28 pages) At a glance Nearly eight in ten companies report using gen AIâyet just as many report no significant bottom-line impact. This shift enables far more than efficiency.
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. We will continue our investments and will do our utmost to maintain and, if possible, increase production.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America.
TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. is a Canadian-based exploration and production company specializing in tight gas development.
“By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. .
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. common shares of Whitecap for each Veren common share held.
For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petroliam Nasional Bhd.’s square miles). Paradise Oil Co.
mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 (Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. holding a 60% working interest, with TotalEnergies E&P USA, Inc. owning the remaining 40%.
Badawi held a meeting with Jeff Miller, the CEO of Halliburton, where they discussed ways to improve collaboration in well drilling and the application of modern technology to enhance production efficiency. The meeting further discussed leveraging Halliburton’s expertise in developing brownfields.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?
The reorganization gave BSEE regulatory authority (PDF) over safety and environmental affairs for OCS exploration and production activities. DOI then restructured BOEMRE into three new Bureaus : BSEE, the Bureau of Ocean Energy Management (BOEM) and the Office of Natural Resources Revenue. 3304, issued June 29, 2010.
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. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
By Robert E. 112(n)(4), establishes a non-aggregation standard for exploration and production facilities, specifying that HAP emissions from oil and gas wells and compressor stations should not be aggregated for major source determinations. Holden and Carlos J. 7412 (n)(4)(A).Section 63.761 (definition of “major source”). .
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
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. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. This represents a slight decline compared to 2,164 mboe/d in Q1 2024 a decrease of about 1.9%. TWh , the same as Q1 2024.
In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing. The decision can be found here.
For accredited investors, direct investment in crude oil and natural gas exploration provides an opportunity to diversify their portfolios and potentially tap into lucrative returns, as well as enjoy some significant tax benefits. What Are Direct Oil and Gas Exploration Investments?
General-purpose robots, powered by increasingly capable embodied AI, are being tested in warehouses, factories, hospitals, and fields. Skip to main content Will embodied AI create robotic coworkers? June 30, 2025 | Article A pragmatic look at what general-purpose robots can—and can’t yet—do in the workplace.
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