Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. million barrels to 389.2 million barrels, while stockpiles at Cushing, Oklahomathe key Nymex delivery hubfell by 140,000 barrels to 25.1 million barrels.

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Drillers

MARCH 24, 2020

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s.

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Oil Royalty Exploration and Production Government 52

Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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Oil Basin Gas Exploration and Production 52

The Energy Law

SEPTEMBER 23, 2008

per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75

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Rextag

NOVEMBER 6, 2024

BP, Chevron, Equinor, and Shell are evacuating offshore staff and preparing for potential impacts on their platforms, an all-too-familiar ritual for Gulf operators this year. million barrels of oil and 6.39 BP has already begun evacuating non-essential personnel from key platforms like Argos, Thunder Horse, and Mad Dog.

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Rextag

MARCH 3, 2025

million barrels per day by 2030. Once a major focus, offshore wind projects are now part of a joint venture with Japans Jera. Offshore wind, which was once seen as a major growth area for BP, has faced significant challenges in the U.S. The company aims to boost daily oil and gas production to between 2.3 million and 2.5

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Oil Gas Energy Energy 40

Oil Gas Leads

MARCH 10, 2025

Offshore drilling activity increased , with the rig count rising by one to 14. million barrels per day (bpd) in 2024 to around 13.6 Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. Texas saw a decline of one rig , bringing its total to 281 , while New Mexico remained at 105.

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Coolfire Core

OCTOBER 15, 2019

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. At every level, companies must have accurate insight into their operations in order to make proactive and cost-effective decisions.

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Rextag

FEBRUARY 13, 2025

Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). at a TravelCenters of America site.

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The Energy Law

JANUARY 10, 2020

255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. Two crewmembers perished as a result of the casualty.

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Rextag

OCTOBER 31, 2024

Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. decline in revenue, CNOOCs strong output, especially from offshore China and the Payara project in Guyana, helped keep profits on a high note.

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Rextag

FEBRUARY 24, 2025

Gulf of America (Mexico) Offshore Giant Making a Comeback 2023-2024 Overview The Gulf of America (Mexico) remains a cornerstone of U.S. offshore oil production, accounting for around 15% of total domestic crude output. Beacon Offshores Shenandoah Field: This project is another major deepwater initiative, targeting 0.12

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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. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S. renewable projects.

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The Energy Law

OCTOBER 26, 2020

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

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Oil Gas Energy Energy 40

The Energy Law

OCTOBER 26, 2020

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

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Oil Gas Energy Energy 40

The Energy Law

OCTOBER 26, 2020

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

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