The study evaluates the scale of the potential for geothermal energy around the world and provides insight into the role this alternative energy source can play in electrical power generation and heating within the energy transition. SourceContinue Reading
Concho Resources Inc., an early explorer of the Permian basin’s once-coveted oil riches that was worth $32 billion just two years ago, is selling for $9.7 billion in stock. ConocoPhillips is paying a meager 15% premium over Concho’s closing price on Oct. 13, the last trading session before Bloomberg News first reported the companies were...Continue Reading
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting on Monday, called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that OPEC and its allies will delay plans to restore 2 million barrels of halted output at the start of next...Continue Reading
Strategic collaboration between the organizations extends the Engineering Digital Twin and harnesses AI-Infused Asset Performance Management to prevent unplanned downtime. SourceContinue Reading
OGCI, having surpassed the original collective average upstream methane intensity target of 0.25%, will now aim to lower methane intensity to 0.20% by 2025. The progress to date represents a 22% reduction in absolute upstream methane emissions since 2017. SourceContinue Reading
The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part of the sale, Cimarex has agreed to a 15-year acreage dedication in the Whites City area, which encompasses more than 40,000 acres, for the gathering, disposal and recycling of its produced water. SourceContinue Reading
The former vice president’s efforts to walk a tightrope on gas reflect the fossil fuel’s precarious place in the economy. For now, it’s an essential part of American life. SourceContinue Reading
When the upgrade project is completed, the vessels will be capable of full tri-fuel operation, thus providing Harvey Gulf with the most flexible, fuel efficient class of PSVs in the Gulf of Mexico. SourceContinue Reading
The solution, part of Siemens Energy’s Omnivise digital solutions portfolio, supports maintenance activities across several assets, including onshore compressor stations and gas processing plants, as well as offshore production platforms and FPSO vessels. SourceContinue Reading
“We’re the first U.S. based oil and gas company to take this step,” CEO Ryan Lance said during a conference call intended to discuss the company’s $9.7 billion deal to buy Concho Resources Inc. SourceContinue Reading
