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(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. The combined consideration for both transactions is approximately $1.3
This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. Let’s take a closer look at this remarkable chapter in global industrial history and the foundational role it played in shaping the modern oil and gas industry.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.
In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless. For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness.
The journey of natural gas from the wellhead to our homes and businesses is fraught with challenges, not least of which is the presence of water vapor. This seemingly innocuous component can lead to a host of problems, including pipeline corrosion, hydrate formation that can obstruct flow, and a reduction in the heating value of the gas.
In natural gas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before natural gas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids.
At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. It is the essential step that ensures the natural gas powering everything from massive power generation turbines to critical industrial engines is clean, dry, and delivered at the precise specifications required for optimal performance.
said it has received the first order for its commercial Intensified Regenerative Upgrading Platform Technology (INTRUPTor) biogas upgrading plant, which produces renewable natural gas (RNG). "We are excited to deploy our INTRUPTor solution for [the] production of renewable natural gas.
As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins? Download the full paper here.
“With the launch of the Loudima agri-hub, the country takes on an active role in the biofuel production chain, in line with Eni’s strategic path to achieve net zero emissions from its products and processes by 2050”, the company said.
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 3 Assuming a 4.3
Plug-in hybrid electric vehicles have served as an effective transitional technology, cutting emissions relative to gas- and diesel-powered vehicles while EV infrastructure and adoption continue to grow. Â And natural gas emerged as a transition fuel; the shale gas boom and its scale were not anticipated in the original MACC.
But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. State oil company Namcor is looking to build capacity to have a bigger role in developments along with the country’s strategy to maximize local production, according to Shilunga, who was appointed last month.
The agreement, which covers the current Duyung Production Sharing Contract (PSC) period until January 2037, provides for a total contact quantity of 392 trillion British thermal units (Btu), or the sale of 111 billion Btu per day, Conrad said in a news release. Financial terms of the agreement were not disclosed.
But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. State oil company Namcor is looking to build capacity to have a bigger role in developments along with the country’s strategy to maximize local production, according to Shilunga, who was appointed last month.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
The rising demand for lithium, combined with Federal tax credits for lithium production, has intensified lithium exploration efforts. Formed during the Jurassic period, this geological formation has been tapped for oil and gas, as well as brine for production of bromine, since the 1950s.
DIC all products are tested numerous times under technical guidance and are made from Premium quality material. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. When it comes to the production, exploration, and transportation of oil and gas resources, OCTG are an absolute necessity.
Natural gas coolers offer a compelling alternative to traditional electric cooling systems, especially for those seeking energy efficiency and cost savings. These systems leverage the power of natural gas to provide reliable and environmentally friendly cooling solutions for residential and commercial applications.
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. 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
In this blog, well explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking. Non-Productive Time (NPT) Billing Discrepancies Many operators fail to capture and bill back Non-Productive Time (NPT) costs to contractors. Share your thoughts in the comments below!
In the intricacies of oil and gas processing, efficiently separating gas from liquids is paramount. This crucial step ensures the quality of the final product, protects downstream equipment, and optimizes overall process efficiency. Let’s explore some of the most common types: 1.
Notably, the project is part of a broader package of green initiatives adopted by the ministry through ECHEM to provide green, environmentally friendly products and reduce carbon emissions. It is greatly contributing to supporting local and international high-quality production.
Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2d 686 (La.
In oil & gas operations, drilling time estimates are more than just planning toolstheyre the foundation for budgeting, rig scheduling, and investor expectations. Lets explore why drilling time estimates are a persistent challengeand how DDRs help reduce the uncertainty.
This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset? Through normal drilling, completions, and production, the numbers are staggering. Not even on eBay.
Effective carbon measurement involves monitoring and reporting carbon emissions across processes from production to transportation and waste management. The greenhouse gas protocol is a widely used standard, but its adoption varies across sectors. This mechanism covers sectors with high carbon emissions. Gt CO2 or XX% change)?
A recent SWD failure case dives into critical questions of proximate cause and explores whether the reasonable prudent operator defense may shield against surface damage claims. The well at issue (the SWD5) was originally drilled for oil and gasproduction in 1957, but it was converted into a saltwater-disposal well around 2007.
They are specifically designed to capture Volatile Organic Compounds (VOCs) that would otherwise escape into the atmosphere during the storage and transfer of petroleum products and other VOC-containing liquids. For instance, in the oil and gas industry, recovered VOCs can be used as fuel or blended into gasoline.
ENGIE GEMS will then assist ENGIE Energy Access in selling these credits to climate-conscious organisations wanting to offset their greenhouse gas emissions with projects that have a high social and environmental impact. Carbon credits are an important lever to optimize the affordability of our products.
Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2d 686 (La.
In the next few days, the Bureau of Ocean Energy Management (BOEM) will publish in the Federal Register a Proposed Rule that would result in a significant change on how the agency regulates air emissions from oil and gas operations on the Outer Continental Shelf (OCS), in the Central and Western Gulf of Mexico (GOM).
While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S.
Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. These developments forced policymakers in oil-producing US states such as Louisiana, Oklahoma, and Texas to intervene to ration oil production with the support of the Federal government.
Figure 1 highlights various fuel types and their production pathways to triangulate corresponding revenue impacts. Technology stacking has become a critical lever, allowing developers to layer credit mechanisms and boost revenues by up to 15 times baseline market prices. An influx of low-carbon fuels has put downward pressure on U.S.
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