Gross natural gas production in the U.S. Lower 48 states also rose in September to a record 111.2 Bcf/d. That topped the prior all-time high of 110.4 Bcf/d in August.
Uniper CEO Klaus-Dieter Maubach said Germany, which lacks hydrocarbon giants of ConocoPhillips’ scale, needed to learn to maneuver in the international LNG market.
WoodMac projects deepwater oil and gas production to increase 60% by 2030, reaching 17 million boe/d.
Halliburton plans to continue updating its Fuzion-EH downhole connector for implementation by Brazil’s Petrobras in 2023.
Santos reported that it could take up to six weeks for its John Brookes platform offshore western Australia to return to full production after discovering the small gas leak.
Also in this week’s A&D Minute: Who’s been quietly buying acreage in the Permian Basin? Plus see what else is on new mid-cap powerhouse Permian Resources’ radar.
Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.
Here’s a quicklist of oil and gas assets on the market including Revolution Resources Midcon divestiture plus Canyon Creek Energy - Arkoma package in Hughes County, Oklahoma.
Oxy Low Carbon Ventures and Enbridge Inc. will leverage each other's strengths in a new partnership to develop, construct and operate a Texas Gulf Coast-based carbon sequestration facility and pipeline transportation system.
In Berlin's pursuit for new energy partnerships away from Russia, QatarEnergy and ConocoPhillips will export 2 million tonnes per annum of LNG to Germany for at least 15 years starting 2026 through two sales and purchase agreements.
Neptune produces around 130,000 boe/d, three-quarters of which is gas. It has operations in Norway—home to Eni's Var unit—Britain, Indonesia—where Neptune shares licences with Eni—Algeria, the Netherlands and elsewhere.
Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Nov. 30.
While it is unknown if the bill to expand nationwide sales of E15, a gasoline with a higher blend of ethanol, has the support it needs to pass both the House and Senate to become law, the backing of the oil industry has lifted a notable political obstacle.
YTEF Non-Op Capital LLC, an affiliate of Millennial Energy Partners, retained EnergyNet for the sale of nonoperated working interest in producing wells operated by SM Energy Co. in Webb County in South Texas.
Haynes Boone partner Stephen Grant explained how forthcoming regulations from the U.S. Securities and Exchange Committee will affect how public oil and gas companies implement ESG metrics into their businesses.
"It is a regular practice for Chevron Venezuela leadership to meet with authorized PDVSA and government representatives in relation to the activities that the company is authorized to undertake in the country," Chevron said.
On Nov. 28, an approximated 3,500 gallons of lubricant oil from a Martin Energy Services secondary containment facility spilled near Calcasieu Point Landing, La.
The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.
A “small handful” of wells will be drilled in the Norwegian and the Barents Seas each, Jez Averty, Equinor’s head of exploration and production in Norway, told Reuters on the sidelines of an energy conference.
In response to a G7 proposal to cap Russian oil prices, the Kremlin has promised to re-route supplies to countries that do not support the idea, with both China and India increasing oil purchases from Moscow.
CCUS has the potential to decarbonize 45% of remaining emissions from carbon-intensive industries, according to McKinsey & Co. research, but achieving that level of reduction is mission impossible with the current level of investment.
ConocoPhillips and QatarEnergy signed two agreements to ship Qatari-produced LNG to Germany starting in 2026, helping to fill the energy supply gap created in that European country by reduced gas flows from sanctioned Russia.
When asked about the impact of the EU measures, IEA’s Fatih Birol said: “We expect towards the end of the first quarter 2023 that there may be a loss of 2 million barrels per day of Russian oil and there is a need to replace that oil.”
The NOAA said the unique season this year was defined by a rare mid-season pause in storms that scientists preliminarily believe was caused by increased wind shear and suppressed atmospheric moisture high over the Atlantic Ocean.
Freeport LNG is expected to resume partial operation in December and reach about 80% of operations in early January.