Remove Basin Remove Crude Oil Remove Management
article thumbnail

Pemex oil exports fall in January, including by 36 percent to U.S.

Permian Basin Oil and Gas Magazine

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.

Insiders

Sign Up for our Newsletter

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

article thumbnail

U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes

Oil Gas Leads

This trend aligns with industry shifts over the past couple of years, as lower oil and gas prices have led operators to prioritize shareholder returns, debt reduction, and capital efficiency over aggressive production increases. crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6

Oil 52
article thumbnail

AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI also plays a critical role in risk management by identifying potential hazards before they become major issues. By leveraging AI-powered data analytics, oil and gas companies can implement proactive safety measures, ensuring compliance with regulations and minimizing operational risks. Be sure to follow Aresco on LinkedIn !

Oil 52
article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 crude oil inventories increase by 4.6 crude oil inventories rose by 4.6

Barrel 52
article thumbnail

Highlights from Energy Transfer’s 2023 Corporate Responsibility Report

Energy Transfer

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin.

Energy 52
article thumbnail

Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Reconciliations back to the comparable GAAP measures can be found here. )