article thumbnail

IEA: The world needs upstream oil and gas investment

Oil & Gas 360ยบ

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.

Upstream 246
article thumbnail

Driving home for Christmas. (petrol prices edition)

Oilholics Synonymous Report

As you fuel up for the journey ahead, it is now pretty certain the current year and its festive season will end with petrol prices (or gasoline if you wish) at their lowest since 2021.

Crude Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Have Oil Prices Finally Bottomed After Collapsing Again in June?

Energy Central

Oil Prices rallied between December 2021 and March 2022 to hit new 14-year highs. The light crude oil raced to reach $130 per barrel before plunging to a low of $93 in April. And after surging again to hit a high of $123 on June 10, the WTI crude oil price pulled back again to trade below $94 last week.

article thumbnail

Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. All at a time when oil prices are currently lurking around 2021 lows.

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

article thumbnail

How the Oil & Gas Industry is Helping Reduce Emissions

Energy Transfer

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

Oil 52
article thumbnail

Technologies Increases Inventory and Logistical Capabilities Amid the 2022 Hurricane Season

Q2 Technologies

While 2021 was a rainy year, ranking as the third most active hurricane season in history as well as the third costliest, with a total of nearly $81 billion in damage, experts are still holding that 2022 will be an active season albeit the forecast of named storms have lessened slightly.

Basin 52