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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades.

Oil 130
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Permian Basin Gas Production Pushes Limits โ€“ Infrastructure Expansion Needed

Rextag

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.

Basin 40
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Diversified Energy, FuelCell Energy, and TESIAC collaborate to form an acquisition and development company to leverage coal mine methane and natural gas for off-grid data center power projects

Oil & Gas 360ยบ

The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements.

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Winter Storm Uri and Force Majeure: The Legal Battles Continue

Producer's Edge

In this case, the Fifth Circuit analyzed a customized NAESB in the context of a dispute as to whether a force majeure clause applied to excuse a producer’s failure to supply gas in the aftermath of Winter Storm Uri, whether it obligated the producer to procure spot market gas when their own production was disrupted by the force majeure event.

Gas 52
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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. The increase was primarily due to increased gains related to pipeline and storage optimization opportunities.

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

Aresco

AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency. AI-powered systems can fine-tune extraction techniques, monitor pipeline integrity, and adjust refinery processes to maximize output while reducing the risk of inefficiencies.

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. and Veren’s website at www.vrn.com by selecting “Investors” , then “Presentations & Events”.

Energy 130