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Category: Oil & Gas News

Illinois’ Signature Climate Law Has Been Slow to Fulfill Promises for Clean Energy and Jobs

September 23, 2023 Author: phinds Category: Oil & Gas News

Today, renewable sources make up only 10.5 percent of power. That includes not only current projects but also others planned with promises they will soon come online

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Amin Nasser CEO of Aramco “oil demand expand to 110 million bpd by 2030”

September 23, 2023 Author: phinds Category: Oil & Gas News

The world is currently consuming a record amount of oil — 102 million barrels per day (bpd) — and it’s increasing, even in the face of concerns surrounding a global economic slowdown.

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Canada’s mega pipeline promises to redraw global oil flows

September 22, 2023 Author: phinds Category: Oil & Gas News

The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day

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Surge Energy America Announces Surpassing $8 Billion Contribution to Texas Economy

September 21, 2023 Author: phinds Category: Oil & Gas News

Surge Energy US Holdings Company (“Surge” or the “Company”) announces it has surpassed $8 billion of contribution to the Texas economy which includes cumulative oil and gas revenues, royalty and working interest payments, and production taxes since the Company’s inception in 2015.

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US oil output from top shale areas to fall for 3rd straight month in October, EIA says

September 19, 2023 Author: phinds Category: Oil & Gas News

U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023

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How Big Oil’s Wastewater Could Fuel the EV Revolution

September 19, 2023 Author: phinds Category: Oil & Gas News

Industry executives and experts say companies are close to bringing to market technologies that extract lithium from brine in producing wells, creating a new revenue stream in an energy transition that’s threatening the oil industry’s bottom line.

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Murphy Oil Corporation announces close of non-core Canadian asset sale

September 18, 2023 Author: phinds Category: Oil & Gas News

Murphy Oil Corporation (NYSE: MUR) today announced that its subsidiary closed the previously announced divestment of certain non-core operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets.

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Black Mesa finds 1,500 barrel a day oil well in southern Oklahoma

September 18, 2023 Author: phinds Category: Oil & Gas News

BLACK MESA ENERGY LLC AN OIL AND GAS EXPLORATION AND PRODUCTION COMPANY FOCUSED ON PROFITABLE DEVELOPMENT OF MID-CONTINENT OIL AND GAS PROPERTIES.

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Chevron acquires majority interest in world’s largest hydrogen storage project in Utah

September 16, 2023 Author: phinds Category: Oil & Gas News

Chevron U.S.A. Inc., through its Chevron New Energies division, has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC

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Ovintiv USA McClain County, OK well pad produces 1,500 barrels of oil a day

September 14, 2023 Author: phinds Category: Oil & Gas News

Another significant find of oil has been made in McClain County where Ovintiv USA Inc. reported two wells drilled on a single pad and combined production of nearly 1,500 barrels of oil a day.

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