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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the countrys efforts to revitalize its energy industry. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads.

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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities.

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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%). Adjusted EBITDA was $705 million compared to $674 million for the fourth quarter of 2023.

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AI in Oil and Gas โ€“ A Game-Changer for Efficiency and Profitability

Aresco

Generative AI is also being utilized for knowledge management, enabling workers to access vital information instantly. The future is AI-driven, and the oil and gas sector is poised to reap the benefits of this technological revolution. Be sure to follow Aresco on LinkedIn !

Oil 52
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8

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Oil and Gas โ€“ Unburdened by What Has Been

Aresco

Energy Independence on the Horizon During his first term, Trump championed policies that helped the United States achieve energy independence while becoming a net-exporter of crude oil. crude oil production became number one in the world , surpassing Saudi Arabia and Russia. In 2018, U.S.

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