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Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats.
Oil started the week with a gain, after an Iranian missile attack caused damage to the Haifa refinery in Israel over the weekend, prompting a partial shutdown, Israeli media reported, saying the facility remained operational. At the time of writing, Brent crude was trading at $74.83 per barrel, with West Texas Intermediate at $73.77
Israel’s Oil Refineries said its pipelines and transmission lines in Haifa had been damaged by missile strikes by Iran, according to a regulatory filing to the Tel Aviv Stock Exchange. Read more]
million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. Permian to Cushing pipeline flows are tracking 100,000 barrels per day higher year-over-year for the first quarter, Irwin said. WTI Midland crude traded at a $1.08 premium to U.S.
Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. The laws create a DPS oilfield theft unit and task force to address rising pipeline thefts in the Permian Basin, which fuels Texas’ economy.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
Drones for Site Inspections Drones offer a safe alternative for inspecting high-risk areas like offshore rigs, transmission towers, and pipelines, reducing the need to send workers into dangerous environments. By embracing AI and digitalization: 1. Risks are identified earlier. Responses are faster and more coordinated.
Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. As a result, we are pleased to announce today the declaration of a $25 million interim dividend as we reiterate our 2025 operational and financial guidance. million in 2024 (2023: $50.1
refinery shutdowns of 400,000 bpd are contributing to the surplus. bcfd, negative Waha Hub prices caused by pipeline maintenance, and mild weather forecasts through April. Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations. production expected to rise by 400,000 bpd to 13.6
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