oil rig workers in the U.S. are compensated well for their physically demanding and essential roles within the energy industry. With salaries ranging from $40,000 for entry-level positions to over $100,000 for experienced workers, the potential for career growth and high earnings is significant.
The liquefied natural gas (LNG) sector is experiencing rapid growth as global demand for cleaner energy continues to rise. With technological advancements improving production and transportation, and the global energy transition driving the shift from coal to gas, LNG is becoming a key player in the energy industry.
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An API 750-barrel (bbl) tank is a common size for storage tanks in the oil and gas industry, typically used for storing crude oil, produced water, or other petroleum products.
Phillips 66 has sold 550 miles of natural gas pipelines, along with associated assets in the Haynesville Shale, to Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments. The assets are located in Texas (Panola, Rusk, and Harrison counties) and Louisiana (Caddo Parish).
The U.S. Energy Information Administration (EIA) has projected a significant increase in North America’s liquefied natural gas (LNG) export capacity. Between 2024 and 2028, the capacity is expected to more than double, rising from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d.
Kyle Koontz is the new CEO of BPX Energy, BP’s U.S. onshore oil and gas division. He took over the role after previously serving as BPX’s Vice President for Development, where he played a critical role in overseeing BPX’s growth strategy and operational excellence in drilling and completions. Koontz has been with BP since 2016 and has been instrumental in transforming BPX’s onshore operations, particularly following BP’s acquisition of BHP Billiton’s U.S. onshore assets.
Oil prices saw a modest rebound on Wednesday, following a sharp decline triggered by weak U.S. manufacturing data and concerns over global economic growth, particularly in China.
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Strata Production is a private oil & gas company with operations in the Delaware Basin. Strata Production has drilled 6 wells in New Mexico in 2024.
