(Reuters) – China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday. This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” …
China Sets Up New State Body to Drill Deep for Oil and Gas Reserves Read More »
(Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. Loadings from the pipeline expansion are closely watched because the Canadian government wants to sell the $24.84 billion …
Canada’s Trans Mountain Oil Pipeline Just Shy of Target for First-Month Loadings Read More »
Your oil and gas company strives for more accurate land asset analysis using overlapping manual and digital processes. This can require a considerable amount of time to manage the data. Poor data management directly affects your time management and operational costs. In fact, it’s commonly reported by land teams that many high-level staff are having …
Integrated Land Management Software Achieves More Accurate Asset Analysis Read More »
Everything you ever wanted to know about utilizing modern downhole monitoring technologies to optimize the development of shale plays. Real-time downhole data is transforming the way energy companies develop complex reservoirs. The accuracy and resolution of pressure, temperature, and acoustic data is providing crucial insights and allowing reservoir and production engineers to better optimize their …
How To Efficiently Develop Fractured Reservoirs With Real-Time Downhole Data Read More »
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Denmark’s largest commercial pension fund just offloaded its US$170 million stake in Shell Plc Bloomberg News There’s a growing list of institutional investors in Europe who are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of ending up with stranded assets and financial losses. The latest to do …
Growing Number of European Money Managers are Axing Oil Stocks Read More »
Summary Auction manager seeks more time to review, negotiate bids Motion does not say how many or amount of bids received Court auction aims to satisfy $21 billion in claims HOUSTON, June 28 (Reuters) – A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an …
U.S. Court May Put Off Hearing on Citgo Bids to September Read More »
June 28 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row to the lowest since December 2021, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, …
U.S. Drillers Cut Oil and Gas Rigs for 4th Week to Lowest Since Dec 2021 -Baker Hughes Read More »
Summary US gasoline demand fell in April -EIA US personal consumption inflation in line with forecasts US oil rig count hits lowest since December 2021 (Reuters) – Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted …
Oil Eases on Weak U.S. Fuel Demand, Profit Taking Read More »
U.S. oil production and demand rose to a four-month high in April, according to the Energy Information Administration’s (EIA) Petroleum Supply Monthly report published on Friday. Total U.S. field production of crude oil rose by 72,000 barrels per day (bpd) month-over-month to 13.25 million bpd, the highest since December. Product supplied of crude oil and …
U.S. Oil Output, Demand Rose in April to Four-Month High, EIA Says Read More »
