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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. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a B.Sc.
A new, robust and more predictable five-year offshore leasing program should be developed that includes expanded access and consistent lease sales, which reflects the reality of global energy demand and the many long-term benefits of OCS production.” offshore production accounts for 14% of total U.S. According to the U.S.
Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Co-owner TotalEnergies E&P USA, Inc. The development is Chevrons first in the Norphlet trend of the Gulf.
(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent. Mohammed Shia’ Al Sudani, H.E.
We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. About EOG Resources EOG Resources, Inc.
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. The short answer: oil production is not just a matter of geology—it’s a moving target shaped by economics, politics, innovation and infrastructure. oil production would peak in the early 1970s.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.
Membership includes major integrated energy companies, national oil companies, regional players, small to mid-size independents, niche players, and start-ups, as well as government licensing authorities. is a Canadian-based exploration and production company specializing in tight gas development. Visit [link] to learn more.
Organizations that win will pair a clear strategy with tight feedback loops and disciplined governance, using agents to rethink how decisions are made and how work gets doneâand turning novelty into measurable value. 3 â The economic potential of generative AI: The next productivity frontier ,â McKinsey, June 14, 2023.
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
I wish Bill the very best in retirement and look forward to Andys ongoing leadership as he assumes his new role. # # # About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas.
The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies.
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. Petronas plans to start gas production 2031 if Sloanea 2 proves to be a commercial success. square miles).
The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
The government of his successor, President Nicolas Maduro, has called the auction “the theft of the century.” ” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join.
oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. will see peak production, and after that some decline, Occidental CEO Vicki Hollub said earlier this month at an industry conference in Houston.
(World Oil) –The RRCs long history of common sense, science-based regulation of the oil and gas industry has safeguarded Texas communities and the environment while also fostering responsible production benefitting the state economy and Americas energy independence.
The newly created Department of Government Efficiency (DOGE), led by Elon Musk, is axing the federal workforce on a mass scale. (Oil Price) –The mass layoffs of federal employees is leaving the process of critical energy projects permitting understaffed and slowed in various oil-producing U.S.
The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a one project, one review mandate. the vast majority of its production and also relies on a pipeline that goes through midwestern states to supply provinces in the east.
As OPEC members and their toxic companion in the OPEC+ formation, Russia, mull keeping oil production on the high side of recent historical averages, the key question for the oil markets is — surely they are not going to launch another oil price war using the same strategy as failed twice before? shale oil producers would go bankrupt.
crude production, which could easily push crude prices lowerinto this second quarter of 2025, as supply would likely then outpace demand. The Chinese economy struggled throughout 2024 despite government stimulus to try to jump start growth. These higher valuations should encourage public E&Ps to divest non-core positions.
(World Oil) –A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of America, faulting the government with failing to sufficiently analyze its possible effects on the climate and endangered whales. District Judge Amit P. However, U.S. million acres available.
President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. The company is set to expand the plants production capacity with an additional investment of $18 billion.
The Department also proposes to axe the renewable energy production incentive along with various water and energy efficiency standards implemented by the previous administrationoften to the chagrin of water and energy users across the States. Some 17 states have filed a lawsuit against the federal government because of the wind ban.
He went on to criticize the expensive energy or climate policies implemented by left-leaning governments in wealthy nations that leave billions of people in emerging economies with less access to affordable energy. Energy Information Administration expects crude oil production to rise to a new record average of 13.61
Lankford’s bill, called the Promoting Domestic Energy Production Act, would cost the U.S. government $1.1 It was also backed by the American Exploration & Production Council, which represents independent oil and gas producers including Oklahoma City-based Devon Energy Corp.
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