Wintershall Dea is looking to implement the Unified Ensemble Modeling solution in its drilling campaign at the Maria Field in the Norwegian Sea in 2025, allowing real-time static and dynamic data.
Kinder Morgan’s purchase of Avad Energy Partners’ assets in West Texas shows how the U.S. Inflation Reduction Act’s $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals.
Imperial Oil, majority owned by Exxon Mobil, is deploying a new recovery technology at its Grand Rapids oil sands project in an effort to drastically reduce emissions by 2030.
Piñon Midstream plans to expand operations at Lea County, New Mexico, facility, the company said.
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico’s Atlantic and Pacific coasts to meet global demand.
Natural gas could help meet demand, but a new EPA rule requiring CO2 emissions from power plants to be reduced by 90% could limit fossil fuels’ role.
(Reuters) – Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade. Asian spot LNG prices rose last week to the highest levels since …
Shell Sees Emerging Asian Markets Taking More of World’s Growing LNG Supply Read More »
(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.8 million barrels to 458.8 million barrels in the week ending May 17, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.5 million-barrel draw. …
U.S. Crude, Distillate Inventories Rise, Gasoline Draws Down – EIA Read More »
(Reuters) – Australia’s natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of companies and countries. This optimism was on full display at the industry’s annual gathering in the capital city of Western …
Australia’s LNG Sector is Long-Term Bullish, but Needs a Carbon Price Read More »
Summary API reports crude and gasoline stocks rise, sources say UK inflation falls less than expected Fed minutes, EIA inventory report awaited LONDON, May 22 (Reuters) – Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve might keep U.S. interest rates higher for longer due to sustained …
Oil Slips for Third Day on Likely ‘Higher for Longer’ U.S. Rates Read More »
