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The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.
(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says.
W Energy Software, a company that specializes in upstream and midstream oil and gas ERP solutions, says it will launch its oil and gas measurement product line to track liquids and natural gas measurement data across the energy value chain later this year in the fall.
(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5
(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.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
This report analyzes upstreamoil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. EQT is notable for its gas-heavy production profile. in 2024.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gasupstream midstream downstream?
million barrels of oil equivalent per day in 2030, up from 4.3 million boepd now, the company’s president of upstream said on Wednesday. oilfield the Permian, and the liquefied natural gas business, [Read more] Exxon Mobil expects to raise output to 5.4
The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution.
Libya has finally launched its first oil and gas bid round in 17 years. It hopes for a surge in international investment after years of political instability.
It is no secret the last couple of years brought market uncertainty to the global upstreamoil and gas industry. The post E&P Leaders Count on IFS to Deliver Market Leadership, Proven Performance, and Reliability in Oil & Gas appeared first on IFS Blog.
Historically high cash generation across the North American upstream industry could create the perfect market conditions for accelerated M&A activity for market leaders.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
As the global energy transition accelerates, upstream operators must modernize and shift to more economic operating models. Where and how should they seek the next generation of efficiency gains?
Heres the audio recap AI-in-Oil-Gas_-Generic-vs Let’s talk about something costing operators millions: the choice between generic AI and purpose-built AI solutions for oil & gas. Why Generic AI Falls Short in the Oil & Gas Industry Let’s understand why generic AI struggles to solve oil and gas problems.
Mark Young, Senior M&A Analyst with Evaluate Energy, examines the latest mergers and acquisitions activity in the upstreamoil and gas sector, and M&A trends to watch in 2025 in a Q&A with Practical Law Finance at Thomson Reuters. Read below an […] Source
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstreamoil and natural gas exploration and production facilities. EPA has said that this new program for upstreamoil and gas facilities “is separate from” and “does not change” those preexisting audit policies.
The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.
Todays TRADITIONAL SUPER BASINS of oil & gas will not meet the challenges of sustainability and achieving Net-Zero by 2050. For the upstream industry to become more sustainable, it must focus on resources that are co-located with both plentiful clean electricity and CCS potential.
In this, Part I of a two-part Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, Upstream Editor, discusses hydraulic fracturing development takeaways from his time at the2025 SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Tex.
The digital capabilities of organizations have evolved at a rapid rate over the last fifteen years. Businesses must keep up with popular trends and technology to remain competitive. The COVID-19 pandemic accelerated digital transformation and technology in general, altering the landscapes across nearly all organizations.
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1]
’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstreamoil and gas activities to 78 percent.
Este pozo se contempl como el ms grande descubrimiento de gas en la historia del pas sudamericano, lo que garantiza la seguridad energtica en Colombia La empresa colombiana Ecopetrol y la compaa brasilea Petrobras, informaron del resultado exitoso de nuevas pruebas de formacin en el pozo Sirius-2 para comprobar sus reservas.
This was after the participation of major American companies such as ExxonMobil and Chevron into the upstream domain in Egypt. The post Egypt-US Energy Talks at Powering Africa Summit Focus on Strengthening Bilateral Collaboration first appeared on Egypt Oil & Gas.
By Jana Grauberger: Recently, Amy Myers Jaffe of Rice University’s Baker Institute spoke to the Women’s Energy Network of Houston on the topic of "The Changing Role of National Oil Companies in International Energy Markets." To learn more about this project and to view the actual case studies, see the attached link.
Mxico depende hasta en 97% del gas de EE.UU., Principales preocupaciones: Dependencia del gas importado: Mxico importa entre 70% y 80% de su gas de EE.UU., Mientras el mundo sigue consumiendo petrleo y gas, el pas debe decidir si mantiene su dependencia de EE.UU. lo que afecta su seguridad energtica.
A coalition of oil and gas companies which cumulatively produce more than 40 percent of the world’s oil announced this month that they have reduced their upstream methane emissions by 55 percent and cut greenhouse gas (GHG) emissions from flaring by nearly half since 2017.
The Society of Petroleum Engineers' Oilfield Scale Symposium has become recognised as one of the world's leading gatherings for industry professionals and academics involved in the development, implementation and monitoring of controls applied to mitigate oilfield scale in upstreamoil and gas production.
Este pozo se contempl como el ms grande descubrimiento de gas en la historia del pas sudamericano, lo que garantiza la seguridad energtica en Colombia La empresa colombiana Ecopetrol y la compaa brasilea Petrobras, informaron del resultado exitoso de nuevas pruebas de formacin en el pozo Sirius-2 para comprobar sus reservas.
Returning to Bergen, the event will bring together the E and P industry to expand technical knowledge, connect with innovators and leaders and address the key issues facing upstreamoil and gas professionals. Over 30 years, the.
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