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(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3
Image by shih-wei via iStock According to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) analysis, direct Texas upstream employment for June totaled 205,400. Bureau of Labor Statistics (BLS).
by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.
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. feet) deep.
Upstreamnaturalgas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Of this, 40% is dedicated to slowing down production declines at existing fields. Around US$2.2
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. The Perito Moreno gas pipeline and compression plants at Tratay én and Saliquel ó added a combined 10 million cu m/day between August 2023 and October 2024.
upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently. upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently. Image by Stefan Rotter via iStock U.S.
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. TotalEnergies’ other producing fields in Algeria are the Timimoun gasfields (37.75
Here’s what to know: Deal Highlights Estimated value : Around $8 billion Assets targeted : Major naturalgasfields and pipeline infrastructure in the Haynesville Shale , spanning east Texas and northwest Louisiana. upstream energy assets at this scale, but holds stakes in LNG projects like Cameron LNG (LA) and LNG Canada (BC).
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.
The Bass Strait project consists of conventional oil and gasfields in Gippsland basin off the south east coast of Victoria, Australia. Naturalgas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand.
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.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Supply Chain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
Norwegian equity naturalgas production and equity liquids production averaged 704,000 boed and 655,000 boed respectively. “New production from the Johan Castberg field reaching plateau and Halten East contributed. International upstream production excluding the U.S. Equinor logged 2.1
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of naturalgas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. For three decades, the conference has remained at the forefront of energy technology and investment trends.
These permits—spanning both naturalgas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States. 09903 Gas Private Concord Gas Gathering 10.81
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. CO 2 capture What is biogenic CO 2 ?
million standard cubic meters a day of gas in June. million standard cubic meters a day of gas in June. million standard cubic meters a day (MMscmd) of naturalgas in June, down for the fourth month in a row. billion standard cubic meters (Bscm) of gas last month, down by 0.5 The Nordic country sold 8.8
It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. Adura will include Equinor’s 29.89 percent stake in the CNOOC Ltd.-operated
Brent Crude $69.46 -0.09% NaturalGas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Oil Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 4:13 AM EST Weaker liquids prices offset higher sales volumes. The Australian company produced 22.2
Mach Natural Resources (Mach Resources) – Mid-Continent Focus Mach Natural Resources (NYSE: MNR), led by CEO Tom L. Ward, is an upstream LP focused almost entirely on the Mid-Continent. MBOE/d (24% oil, 52% naturalgas, 24% NGL), generating $241 million in revenue for the quarter.
It had its demonstration March 2023 when it injected CO2 transported from Belgium into the Nini field on Denmark’s side of the North Sea. It is the first to be reviewed under DNV’s new CO2 RECOND class notation, developed specifically for CO2 handling and conditioning”, Hoegh Evi said.
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.
0% Brent Crude $68.41 -0.16% NaturalGas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. The Australian company produced 22.2
Occidental is not only an oil producer; it’s a technology innovator: It leads the industry in CO₂-enhanced oil recovery (EOR) , a process that can double recovery rates in certain fields and add up to 50–70 billion additional barrels of domestic oil supply. These moves align with a global shift toward low-carbon oil production.
Assisting in Field Operations: Engineering Technicians may work in the field alongside engineers to assist with the installation, operation, and maintenance of equipment. This can involve both laboratory testing and field testing of equipment. Documentation: Keeping accurate records is essential in the oil and gas industry.
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 Image by DanielIngelhart via iStock Buru Energy Ltd.
Data Download Center Production Engineer Contact List Download a list of 1000+ Production Engineer contacts that work for Oil & Gas Operators in Canada Buy List Now Here’s an overview of their responsibilities and skills and roles: Skills: Petroleum Engineering, Upstream, Completions, NaturalGas, Drilling, Hydraulic Fracturing, Field Development, (..)
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 Gran Tierra Energy describes itself as an independent international energy company focused on oil and naturalgas exploration and production in Canada, Colombia and Ecuador.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
naturalgas scene, marking its first real foray into the Lower 48s upstream and LNG ambitions. The Abu Dhabi wealth funds energy arm has snapped up a 24% stake in SoTex HoldCo LLCoperator of a shale gasfield and backer of an LNG terminal in Louisiana. Mubadala Investment Co just planted its flag in the U.S.
(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. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.
(Oil Price) –BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas. Production is also expected to grow to 2.32.5
Nowhere is this truer or more urgent – than in New York and New England where serious naturalgas infrastructure constraints have driven up energy prices and driven out industry and jobs. New England relies on naturalgas. From there, it will be distributed across New England.
Although a large part of the global demand increase was met by renewables, consumption of naturalgas, coal, and nuclear also rose with the higher demand, according to the agency. As a result of higher power consumption, naturalgas saw the strongest increase in demand among fossil fuels in 2024.
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?
Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment. Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libyas ability to meet both domestic and export demands.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.
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.
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.
This was after the participation of major American companies such as ExxonMobil and Chevron into the upstream domain in Egypt. The post Egypt-US Energy Talks at Powering Africa Summit Focus on Strengthening Bilateral Collaboration first appeared on Egypt Oil & Gas.
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. ProFrac Holding Corp.
He referenced the Egyptian-Cypriot agreements with the companies operating the Aphrodite and Cronos fields, which aim to tie these assets back to Egyptian processing facilities. The post Badawi Talks Egypts Energy Security Vision at OMC Med Energy Conference & Exhibition 2025 first appeared on Egypt Oil & Gas.
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