Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027, while it also ramps up production in Guyana, Vice President of Global Exploration John Ardill said on Tuesday at a conference in Houston.
Five projects you need to know about as BC’s oil and gas sector heats up
BC LNG project summary
CrownRock acquisition a ‘perfect fit’ for growth plan: Oxy CEO
Occidental Petroleum’s “large position” in the Delaware Basin allowed the oil giant to achieve “efficiencies” of scale while expanding to other drill sites. She further notes that CrownRock’s inventory “helps to improve” Oxy’s own, and this synergy helps to accelerate cash flow generation, which she describes as “an acceleration of value” for shareholders. In the near term, the company is focusing on paying down debt and eventually resume repurchasing shares.
Mewbourne Oil hit with $5.5 million DOJ fine
Mewbourne will also have to spend another $4.6 million to make sure its oil and gas battery pads comply with regulations. The government contended the wells produced unlawful air pollution from its oil and gas wells in the three states.
Kimmeridge makes new $2.1 bln offer for SilverBow
immeridge Energy Management has submitted a new offer to acquire SilverBow Resources that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment firm said on Wednesday.
What impact does net-zero emissions have on oil battery design
achieving net-zero emissions in the oil and gas industry requires a comprehensive and integrated approach to oil battery design that prioritizes energy efficiency, emissions reduction technologies, renewable energy integration, and sustainable practices throughout the facility’s lifecycle.
Drilling Productivity – Oxy Drilling Dynamics, improves drilling rates, lowers well costs and reduces inefficient rig energy
Oxy has a proprietary, physics-based approach to well development that it calls Oxy Drilling Dynamics, which improves drilling rates, lowers well costs and reduces inefficient rig energy
Canada’s output of 300,000 to 500,000 barrels per day (bpd) could vault the sector ahead of the United States.
expected jump in output of 300,000 to 500,000 barrels per day (bpd) could vault the sector ahead of the United States.
New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin
New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by the state Legislature to increase top-tier royalty rates, Land Commissioner Stephanie Garcia Richard said Thursday
Enbridge to expand U.S. pipeline, grow export terminal in Texas
Enbridge says it will spend about US$100 million to expand its Gray Oak pipeline and add 2.5 million barrels of additional crude oil storage at the Enbridge Ingleside Energy Center terminal, near Corpus Christi, Texas.
