Saturday, December 28, 2024
Devon launches its own mobile sand mine to cut fracing costs- oil and gas 360

Devon launches its own mobile sand mine to cut fracing costs

World Oil (Bloomberg) — Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs. The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine it launched on 15,000 acres of land it owns in the West Texas county of Loving. The mine is expected to save

OTC 2022: An evolving energy company–how CCS fits- oil and gas 360

OTC 2022: An evolving energy company–how CCS fits

World Oil Building an offshore oil company from scratch as a secondary asset owner, by buying producing properties from the majors, is the way we started, said Talos Energy Founder, President and CEO Tim Duncan during a keynote presentation at the Offshore Technology Conference on Tuesday. We are oil and gas guys with a significant amount of geological/geophysical capabilities, but

Oil jumps 4% as EU proposes ban on Russian oil- oil and gas 360

Oil jumps 4% as EU proposes ban on Russian oil

Reuters LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, offsetting demand worries in top importer China. Brent crude futures rose $3.99, or 3.8%, to $108.96 a barrel by 1121 GMT. West Texas Intermediate crude futures rose $4.05, or 4%, to $106.46 a barrel.

OTC 2022: Reaching net zero will require more investment in oil, gas and renewables

World Oil The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation at the Offshore Technology Conference on Monday. The pandemic’s impacts. The Covid-19 pandemic brought the biggest one-year drop in oil demand