Remove Barrel Remove Operator Remove Upstream
article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

E&P 130
article thumbnail

Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds

Rextag

billion due to macroeconomic and operational factors. billion hit to cash flow from operations due to emission-permit payments in Germany and the U.S., This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels. million oil-equivalent barrels per day. million barrels. billion to $3.0

Energy 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producersโ€™ Gross Proceeds

The Energy Law

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaserโ€™s anticipated post-sales costs.

Royalty 98
article thumbnail

EIA Lastest News โ€“ Product Prices & Pipeline News

The Energy Law

Crude oil was up over $2 per barrel. The unscheduled maintenance is on the larger of the two units located in Mississippi at Tennessee Carnes Interconnect, upstream of FGT Compressor Station. Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region).

article thumbnail

Happy Halloween! ExxonMobil, BP, Shell, and More Face Tricks and Treats in a Spooky Q3 Earnings Season

Rextag

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. billion, driven by strong gas volumes and improved upstream operations. Adjusted earnings reached $6.03

Oil 40
article thumbnail

What Is A Slug Catcher In The Oil and Gas Business?

OilPro

A slug catcher is a piece of equipment used in the oil and gas industry to separate large volumes of liquid from a gas stream, typically upstream of key equipment such a processing plant or compressor. 200 barrel housed Innopipe installation. Innopipe unit during in-bunker installation stage How Can OilPro Help?

Gas 52
article thumbnail

Scout Energy Management Acquires Permian Basin Assets from ConocoPhillips

Oil Gas Leads

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. Understanding Air Permits in Oil & Gas Transfers When ownership of an oil and gas facility changes, the new operator must update regulatory permits to reflect the transition. domestic energy production.

Basin 52