News
December 01, 2022
“Revenue from the oil and gas industry is what’s in the Rainy Day Fund, accounts for billions to the State Highway Fund, and contributes to state funds that pay for schools, universities, and first responders,” Railroad Commission of Texas (RRC) Chairman Wayne Christian said.
Article
November
IA helps by driving innovation, filling some skills gaps for engineers, and enhancing data usage and operational efficiency.
Article
November
The recovery of U.S. upstream activity is being slowed by high costs for equipment and services, personnel issues, and supply chain shortages, including spare parts.
Article
November
The issue today is not so much the what, but who controls energy, and who benefits from energy policy. The battle in the fossil fuel industry is not technical nor resource-bound, but about dominating ideology.
News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
News
November 27, 2022
Iraq, OPEC’s second largest producer, plans to start increasing oil export capacity from its southern ports from next year to add a total of 1 million to 1.5 million barrels a day by 2025, according to its OPEC delegate.
News
November 23, 2022
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil bogged down Wednesday evening, as governments split over how to design the plan, according to people familiar with the matter.
News
November 23, 2022
New guidance launched by Offshore Energies UK (OEUK) on Wednesday helps industry decommission North Sea oil and gas wells, so that subsurface formations like reservoirs can be repurposed as part of the infrastructure used to permanently store carbon dioxide (CO2) offshore.
News
November 22, 2022
Offshore Energies UK (OEUK), the leading representative body for the UK’s offshore energy industry, latest insight report expects over two thousand North Sea wells involved in oil and gas extraction to be decommissioned at a cost of around $23.7 billion over the next decade.
News
November 20, 2022
The U.S. crude market’s structure is signaling oversupply for the first time in almost a year, the latest indicator of the scale of the dramatic slump in the nearest section of the oil futures market.
News
November 18, 2022
Offshore Energies UK, the leading representative body for the UK’s offshore energy industry, expects billions of pounds will be spent to decommission the infrastructure that has kept the UK’s energy flowing for the past 50 years, according to a report published by the group.
News
November 17, 2022
Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.
News
November 17, 2022
(WO) — The UK’s offshore industry will be hit hard by the chancellor’s latest tax changes, which threaten to drive out investors, drive up imports and leave consumers increasingly exposed to global shortages, Offshore Energies UK warned.
Article
October 2022
Much is at stake in these elections that could help or hurt the health of the U.S. upstream sector. This will be the first election affected by the redistricting that followed the 2020 census. The Republicans are favored to retake a majority in the House, but control of the Senate remains a “tossup.”
Article
October 2022
Since day one, the Biden administration has set the U.S. on a path toward more reliance on foreign energy from countries with lower environmental standards. Caving to green activists, President Biden launched an overly aggressive environmental campaign designed to phase out the U.S. hydrocarbon industry and the immense value it provides our country in terms of energy independence and employment opportunities.
Article
October 2022
In this time of continuing uncertainty, one thing is certain: a healthy oil and natural gas industry is good for America—bolstering the economy and national security.
Article
October 2022
In February, Russia initiated its unwarranted invasion of Ukraine and ignited an international energy crisis. Immediately thereafter, it appeared that the world and the U.S. would realize the mistakes made in relying on Russian O&G and on unreliable, expensive renewable energy.
Article
October 2022
The concept of nanobubbles was not proposed until 1994, to explain the underpredicted attractive forces observed between hydrophobic surfaces in water. Their existence in a solution, or even if that were accepted, their ability to maintain their size and suspension in a solution, has been the subject of controversy and considerable experimentation.
News
November 14, 2022
Chevron Corp. company sees potential for geological formations such as those at its Gorgon liquefied natural gas facility in Western Australia to be used for storage of third-party emissions from Asia.
News
November 14, 2022
Germany moved to nationalize a second major gas company in two months as Berlin seeks to secure supplies for the winter and contain the financial shock from Russia’s squeeze on European energy.
News
November 14, 2022
Due to a weaker economic backdrop and China’s strict anti-Covid measures, OPEC lowered estimates for the amount of crude it will need to pump this quarter by 520,000 bpd, following a similar-sized downgrade a month ago.
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