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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.

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Expanding Machine Learning Models for Better Production Forecasting in Emerging Shale Basins

Novi

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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

Aresco

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

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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. ” Marshal S.

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Unlocking the power of data for sustainable water management with AWS

AWS: Energy (Oil & Gas)

Focus on water-intensive industries: Certain industries, such as power generation, oil and gas extraction, and utility operations, are particularly water-intensive. Similarly, hydraulic fracturing in the oil and gas sector requires significant water volumes. The Permian Basin , one of the most productive oil fields in the U.S.,

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Office Functions: There is a Better Way

Permian Basin Oil and Gas Magazine

The back office is usually just that in the oil industryback behind the scenes. And Enverus, known internationally for its research, also offers oil and gas accounting systems, including their own newest option, called RFx (Request For Anything). It rarely makes headlines for great technological leaps. Data-Driven Decision Making.

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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.