Oil & Gas 360º

MARCH 10, 2025

These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026. Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Energy Transfer

OCTOBER 18, 2024

billion of adjusted EBITDA, up 5% over 2022.* Leadership In 2023, our pipelines carried approximately 30% of the natural gas transported in the United States, and approximately 40% of the crude oil produced in the United States. Our 2022 Corporate Responsibility Report can be found on our website.

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Aresco

FEBRUARY 14, 2024

The depletion allowance is an important tax benefit for the oil and gas industry as it helps to incentivize investment in the exploration and extraction of natural resources, which in turn contributes to domestic energy production and the economy. The post Depletion Allowance for Oil and Gas Overview appeared first on Aresco LP Partners.

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Producer's Edge

JANUARY 6, 2025

2022), the Texas Supreme Court held that PGP is an “oil product” qualifying for statutory condemnation authority under section 2.105 of the Business Organizations Code because it is derived from crude oil. In Hlavinka v. HSC Pipeline P’ship, LLC, 650 S.W.3d 3d 483, 494 (Tex.

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Energy Transfer

DECEMBER 10, 2024

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.

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Adrian - Oil & Gas

DECEMBER 12, 2022

crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, Dec. It said oil spilled into a creek in Washington County, Kansas, about 150 miles (240 kilometers) northwest of Kansas City. Emergency crews work to clean up the largest U.S.

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Rextag

JANUARY 6, 2025

ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Between 2024 and 2050, cumulative oil-related investments are pegged at $17.4

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Crude Oil Futures

MARCH 8, 2025

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. production reaches his desired levels.

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Daily Energy Report

FEBRUARY 27, 2025

Trump says Maduro is not making progress on electoral reforms and migrant returns. Chevron’s 200 kb/d—20% of Venezuela’s output—supports its economy, and revocation could cut 100,000 barrels, raising US fuel costs despite Trump’s drilling push.

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Oil & Gas 360º

MARCH 13, 2025

Interior Secretary Doug Burgum vowed to open up American public land to oil and gas drillers, underscoring Trumps drill, baby, drill ethos. The United States already became the worlds top oil and gas producer under former President Joe Biden. shale oil production is set to plateau by the end of the decade. million bpd in 2026.

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Oil & Gas 360º

MARCH 5, 2025

Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices.

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Oil & Gas 360º

MARCH 7, 2025

Former President Joe Biden’s administration sold nearly 300 million barrels from the reserve including a 180-million-barrel sale in 2022 after Russia invaded Ukraine. . The SPR is the world’s largest emergency crude oil stockpile with capacity to store about 727 million barrels and currently holds about 395 million barrels. .”

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. crude oil inventories grew, a factor that typically depresses prices. in June 2022, before cooling to 2.9% By 17:00 GMT, West Texas Intermediate (WTI) reached $72.18

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