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TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, naturalgas, and LNG prices compared to early this year and the same time last year.
(World Oil) – The methane intensity of oil and gasproduction in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gasproduction in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3
by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstreamexplorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.
(Oil Price) – Despite the slide in oil prices in the second quarter, ExxonMobil ( NYSE: XOM ) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gasproduction in the U.S. Exxon’s second-quarter net production was 4.6 Exxon’s upstream earnings at $5.4
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of naturalgas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gasproduction.
percent stake during the exploration and appraisal phases. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. square miles) onshore Algeria.
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The journey of naturalgas from the wellhead to our homes and businesses is fraught with challenges, not least of which is the presence of water vapor. Today, let’s explore how naturalgas dehydrators have transformed over the years, from their nascent stages to the sophisticated systems we see today.
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.
McMullen, commented, “With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet.” First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was naturalgas.
Brent Crude $66.90 +0.65% NaturalGas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year.
“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.
Encino assets offer a rare combination of scale, liquids-rich production and development upside. Implications for the Wider M&A Market This transaction is significant not just for EOG, but for the entire upstream M&A landscape. Key takeaways: EOG re-enters M&A with a $5.6B Why Encino, and Why Now? billion in debt and $2.1
NaturalGas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Welligence is a market intelligence firm focused on the upstream oil and gas sector. million stock tank barrels. billion barrels of oil. billion barrels of oil.
July 29, 2025 4 min read Rystad Energy Floating vs. onshore LNG utilization rates Floating liquefied naturalgas (FLNG) terminals are increasingly making their mark on the global LNG market, with projections from Rystad Energy indicating that their capacity could triple by 2030.
The Minister also affirmed that the Ministry’s investment stimulation measures have already restored the confidence of investors and halted the decline in production.
In naturalgas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before naturalgas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids.
Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. Related General Interest ExxonMobil takes Bass Strait off the market Nov.
In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.
According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oil production from federal lands reached 1.7 Total US crude oil production has nearly tripled, from 5.0 million bpd is six times as much as the crude oil production from federal lands in 2008.
It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gasproduction and security of energy supply in the UK and beyond”, Equinor added. percent operating stake in Pierce, which started production 1999; a 44.9
The project adds 20 000 boe/d of gross peak annualised average production at the existing Argos platform. Argos, which began production in 2023, is bp’s fifth operated production platform in the Gulf of Mexico with a gross production capacity of up to 140 000 bpd.
“We are excited to announce this significant discovery at Bumerangue, BP’s largest in 25 years,” Gordon Birrell, BP’s executive vice president for production and operations, said in that release. BP highlighted in the release that it drilled exploration well 1-BP-13-SPS to a total depth of 5,855 meters (19,209 feet).
The pipeline is designed to transport naturalgas through about 170 miles of pipeline from Williams, La., Supply for the Pelican Pipeline will be sourced from multiple upstream connections in the Haynesville basin, including direct connections to processing infrastructure, the company said at the time of FID. bcfd from 1.75
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. For example, the cement industry relies on the calcination process for cement production.
An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of naturalgas. Already a member?
said its subsidiary has signed an agreement to sell its wholly owned subsidiary Gran Tierra North Sea Limited (GTNSL) to private upstream company NEO Energy for $7.5 The combined wells have an average oil production rate over 30 days of around 1,684 barrels of oil per day from the U-Sand formation.
uranium mining and production. The Mill also handles vanadium and is exploring medical isotope extraction for cancer treatment. sourced monazite and developing three global heavy mineral sand mines to produce up to 60,000 tonnes of rare earth feedstock as a by-product of titanium and zircon mining.
has adjusted the timeline for the development of the Rafael naturalgas project in Western Australia’s Canning Basin but still aims for a startup late 2027. The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Buru eyes a 20-year production life.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas.
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.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
(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. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.
(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for naturalgas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. gas producers. Deliberations regarding the U.S.
The meeting discussed the company’s activities in its concession areas in the Western Desert of Egypt and its future plans to intensify upstream activities. Badawi emphasized the Ministrys commitment to overcoming challenges and strengthening partnerships in support of its goals to attract investment and boost domestic production.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gasupstream midstream downstream?
(Oil Price) –Naturalgas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. Source: Yahoo News The total consideration of $1.8 By Tsvetana Paraskova for Oilprice.com
Moreover, the meeting followed up on naturalgas and crude oil production rates, as well as production and exploration plans in the Mediterranean Sea. The post Madbouly, Badawi Review Upstream Activities, Mining Development, Investment Plans for Coming Period first appeared on Egypt Oil & Gas.
The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The final agreement was signed in a meeting in Baghdad with Iraq Prime Minister H.E.
Analysts and investors will be looking for plans for growth at the companys crucial liquefied naturalgas business and reassurance on oil reserves. Heres what they want to hear: Gas growth Shells profit growth has been largely centered on LNG, a priority that analysts expect to remain amid burgeoning global demand for the fuel.
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and naturalgasexploration and production facilities. On March 29, 2019, the U.S. 19618 (April 11, 2000), and Interim Approach to Applying the Audit Policy to New Owners, 73 Fed.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
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