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( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
Our industry stands at the crossroads of transformation, and it is our shared commitment to innovation and sustainability that define the next chapter for downstream in Europe. Luigi Crolla from Kent PLC highlighted the use of waste feedstock for SAF production, while Raffaella Lucarno from Enilive S.p.A. Wood and Saras S.p.A.,
oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. As a result of the declining demand outlook and expected supply surplus (likely widened by recent OPEC+ decisions to accelerate the pace of production increases), U.S.
Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. from $165 million to $300 million Fort Worth, TX U.S. oil and gas properties.
New Delhi: Global exploration and production (E&P) leaders have emphasised the critical need to balance energy expansion with decarbonisation, digitalisation, and sustainableexploration strategies as India’s energy sector evolves.
Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout North America and Argentina.
Magnesium extraction from desalination plant brine water can be done through a number of different processes, and the best method will depend on a variety of factors such as the specific characteristics of the brine water and the desired end product.
Drill pipes are the unsung heroes of the oil and gas industry, essential in the exploration and extraction of fossil fuels from deep within the earth. Conclusion: In conclusion, drill pipes are fundamental components in the exploration and extraction of oil, gas, and minerals from beneath the earth’s surface.
Introduction As the world transitions to sustainable energy sources, optimizing hydrogen production becomes increasingly important. Artificial intelligence (AI), especially machine learning (ML), offers powerful tools for analyzing production data and improving efficiency.
From Drill Bits to Drones: Innovations in Texas Oil and Gas Production Introduction: As the energy demand continues to grow, so does the need for more efficient and sustainable oil and gas production methods. As automation and AI transform production processes, machines will likely replace some jobs.
This Enverus EVOLVE 2025 presentation explores how stakeholders can navigate these dynamics and develop more resilient business models to create sustainable value in the face of changing market conditions. over the next 30 years, driven by detailed supply and demand fundamentals.
These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. Similarly, Angola’s NOC Sonangol has reaffirmed its intention to proceed with an IPO, offering up to 30% of its shares to the public.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. This will naturally affect drilling, contributing to the overall production growth slowdown.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu
On the sidelines of his participation in CERAWeek 2025, held from March 10-14, 2025, in the USA, Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Director General for Economic Policy in the German Federal Ministry for Economic Affairs and Energy and Ministry Coordinator for Sustainable Development.
Any pullback in capital expenditures poses a direct challenge for oilfield service companies as they rely heavily on sustained investment in exploration and production. benchmark WTI crude is currently trading around $62 per barrel below the break-even point for many oil and gas producers.
As our team at CanCambria works toward supporting European energy stability and sustainability, it is fantastic to be part of a broader organization with the same mission and purpose,” stated CanCambria CEO Dr. Paul Clarke. is a Canadian-based exploration and production company specializing in tight gas development.
Monday also saw several ministers speak at ADIPEC including the UAE's energy Suhail Al Mazroui and India's minister for petroleum and natural gas Hardeep Singh Puri, as did OPEC Secretary General Haitham Al Ghais, fresh from the crude producers' group's decision to postpone its planned production increase by a month.
On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. The post Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025 first appeared on Egypt Oil & Gas.
BPs management touted the early results of the strategy reset and the three project start-ups this year, out of 10 major projects expected to begin oil and gas production by 2027. However, BPs operating cash flow plunged to $2.8 billion, down by around $4.6 billion from the previous quarter.
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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. million acres in Alberta. billion 1.
Badawi emphasized the ministry’s commitment to supporting partnerships, overcoming challenges, and delivering tangible results within its strategy to boost domestic natural gas production.
Omans Ministry of Energy and Minerals has signed an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54 in Oman. Block 54, known as the Karawan Concession, spans an area of 5,632 sq km in Al Wusta Governorate that is underexplored.
This field alone now produces over 6 million barrels per day, nearly half of the nations current production and more than the entire country produced before the technological revolution. On average, production drops by more than two-thirds after one year and 95% after six years. crude production was beginning to plateau.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in Natural Gas Liquid (NGL) production is crucial for success in today’s competitive energy market. Lets look at some strategies and technologies for maximizing efficiency in NGL production, from advanced separation techniques to energy optimization and process control.
How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Below, we explore how this strategy is enabling resilience in the shale patch, using direct insights from the industrys top voices. Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. shale producers are thriving.
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 & 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. per barrel WTI and $4.28
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. Let’s explore cost-effective NGL separation solutions and look at how we can build the future together. FAQ Section Q.
They discussed ways to enhance cooperation between the two countries in areas including exploration, field development, refining and petrochemicals, as well as LNG trade and marketing. Both ministers also discussed projects related to green hydrogen production and marketing.
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In our 2023 Sustainability Report , we saw a 3% reduction in absolute carbon emissions, and a 13% reduction in carbon intensity when compared to 2022. Effective carbon measurement involves monitoring and reporting carbon emissions across processes from production to transportation and waste management. Gt CO2 or XX% change)?
Moreover, the meeting followed up on natural gas 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.
This product will provide powerful insights to determine the economic feasibility of new projects, optimize hedging strategy, understand impact of broad market changes and policy, and perform valuation for potential investments or divestitures.
The pursuit of alternative energy sources has become increasingly important in our quest for a sustainable future. The rising demand for lithium, combined with Federal tax credits for lithium production, has intensified lithium exploration efforts. A brine extraction prospect would be very similar to an oil and gas prospect.
He underscored the critical importance of sustained collaboration to achieve mutual successes, emphasizing that the benefits should extend to all stakeholders. Badawi opened the session by expressing his gratitude for the effective and successful partnership forged with international companies.
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During the discussion, Badawi reviewed the areas of cooperation between Egypt and US companies in the petroleum sector, praising the vital role these companies play in supporting exploration and production efforts.
. “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. ProFrac Holding Corp.
Andy OBrien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability.
The discussion focused on exploring new investment opportunities aimed at fostering sustainable economic development in Egypt. This project aims to advance the industrial sector by increasing the added value of local natural resources, ultimately boosting local production and exports.
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.
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