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Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp.
(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.
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. energy producers and more than 40,000 suppliers.
Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and naturalgas following the Israeli military operation in Iran. Contracting new shipments and easing FSRUs are among these measures.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in NaturalGas Liquid (NGL) production is crucial for success in today’s competitive energy market. NGLs, valuable byproducts of naturalgas processing, represent a significant revenue stream for producers.
The Cypriot President, Nikos Christodoulides, met with Chevron CEO Mike Wirth and Clay Neff, President of International Exploration and Production, in Texas, US, to discuss energy developments in the Eastern Mediterranean. The discussion focused on the development of the Aphrodite gas field and its strategic importance for Cyprus.
At Pro-Gas LLC in Dallas, Texas, we understand the dynamic nature of naturalgasproduction and the constant need for efficient, adaptable, and cost-effective solutions. Portable JT skids are self-contained units designed for naturalgas processing, specifically for Joule-Thomson (JT) cooling.
At its Memphis site, xAI utilized the infrastructure from an old electronics manufacturing facility with existing grid connections and proximity to both power and naturalgas. Working with a utility and midstream partner, it was able to set up a facility with nearly 100 MW of power in less than three months.
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.
Naturalgas 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 naturalgas to provide reliable and environmentally friendly cooling solutions for residential and commercial applications.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr NaturalGas Company to review its fiscal year results for 2024. In this regard, cooperation protocols were signed between Fajr, GasTec, and CarGas to establish integrated service stations.
Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. 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. Register to attend. New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Initial production is anticipated in early August. About Prairie Operating Co. Prairie Operating Co.
(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
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. billion cubic feet (BCF) naturalgas and 66.5 BCF naturalgas and 53.2
(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.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. The escalating global and local need for these versatile resources necessitates continuous advancements in our methods for naturalgas liquid separation.
.” 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.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.
The Acquired Assets include digitally enhanced mobile naturalgas conditioning and distribution units providing real-time gas monitoring and dual fuel optimization for remote, behind-the-meter power generation with applications across multiple markets. . million funded by offsetting $17.6 ProFrac Holding Corp.
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.
News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. Subject-matter experts answer utility-related questions, but contracted professional trainers help users learn new skills.
President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to address the status of the new exploration and drilling activities, particularly in the Fayoum 5 oil and gas field in the King Mariout area, to enhance Egypt’s oil and gas reserves.
On the other hand, technologies including carbon capture, utilization, and storage (CCUS) , nuclear power , and green hydrogen âall of which have high capital costs, complex infrastructure requirements, and ongoing research and developmentâhave advanced more slowly than anticipated. gigatons, but the actual abatement was already 0.08
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
This surge comes despite volatile naturalgas prices, signaling rising operator confidence that LNG exports will transform the market heading into 2026. For 2025, the company is positioning for a demand uplift, expecting that LNG exports will bolster gas prices and plant utilization.
megawatt (MW) wind farm in East Ayrshire, Scotland, expecting to put the facility into production 2028. The German power and gasutility said it is proceeding as a sole owner, without co-developer Energiekontor UK Ltd. Klein via iStock Uniper SE has approved the construction of a 46.2-megawatt
Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and naturalgasproduction from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. One critical, yet often overlooked, component in this journey is the field gas conditioner, also known as a JT skid. What is a Field Gas Conditioner?
These efforts are expected to foster regional cooperation among Arab countries in the energy sector, encourage partnerships between organizations and companies, and optimally utilize the expertise and resources available among member countries. This, in turn, would accelerate development projects in the energy sectors of Arab countries.
Energy-intensive industries such as semiconductor production, electric vehicle (EV) manufacturing, and heavy industry are returning to the U.S., power sector is responding with record-breaking capital investments : In 2024, utility capital investment reached $179 billion, an all-time high. increasing power requirements.
Businesses across the country struggle with unpredictable utility bills and power reliability issues. Your business can even sell excess electricity back to the utility company in many regions. Local energy production offers businesses unprecedented control over their energy resources. You’re not alone.
The United States and the West Virginia Department of Environmental Protection alleged that the company impounded streams and discharged dirt, sand, rocks and other materials into streams and wetlands without permits to construct well pads, pipeline stream crossings, surface impoundments, and other structures relating to naturalgas extraction.
” Rather than become traditional utilities, Exxon is leveraging its carbon capture, transportation, and storage systems to offer tailored, decarbonized naturalgas solutions. Diamondback Energy: Gas-to-Power for Hyperscalers Diamondback is moving aggressively to monetize stranded gas and improve margins.
As society increases its focus on going green, businesses are exploring their options for renewable energy. For example, a company in Australia called Power Ledger uses a blockchain platform that monitors users’ energy consumption and production while ensuring transparent yet secure executions. Let’s take oil as an example.
Increased Productivity. Consistent and reliable air delivery ensures smooth operation of pneumatic tools and processes, minimizing downtime and maximizing productivity. Advanced filtration systems deliver cleaner air, protecting downstream equipment and improving product quality. Reduced Maintenance. Improved Air Quality.
Without dependable electric services, integral parts of a company, such as communications, production, safety features, and employee amenities, become unavailable. To further explore the possibilities of energy procurement services, call Navigate Power at (888) 601-1789. What is Energy Procurement?
With topics ranging from offshore oil and gas moratoriums to restrictions on naturalgas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. Ron Reynolds, make up a two-fold strategy to limit naturalgas flaring and venting in the state. [1]
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. Membrane Separation Membrane separation utilizes specialized membranes that are selectively permeable to VOCs.
Naturalgas is one of the most important energy sources powering homes, businesses, and industries worldwide. It fuels electricity generation, heats buildings, and serves as a key ingredient in many everyday products. But have you ever wondered how naturalgas is formed?
Pennsylvania is considering leaving the PJM regional grid to expedite projects, while states like Indiana, Michigan, and Louisiana explore nuclear energy, and Missouri and Kansas compete to attract investments in naturalgas plants. naturalgas prices, up 160% in a year to $4.26 dry gasproduction rose 2.1%
For accredited investors, direct investment in crude oil and naturalgasexploration 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 GasExploration Investments?
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