Tuesday, November 26, 2024
API: U.S. oil, natural gas industry reduces methane emissions across supply chain- oil and gas 360

API: U.S. oil, natural gas industry reduces methane emissions across supply chain

World Oil (WO) – The Environmental Partnership released its fifth annual report demonstrating the U.S. oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry. The Partnership’s participating companies, which represent nearly 70% of U.S. onshore oil and gas operations, continued to achieve measurable results across all performance programs, including

Horizonal drilling to help increase oil production from prolific U.S. shale regions- oil and gas 360

Horizonal drilling to help increase oil production from prolific U.S. shale regions

World Oil (Bloomberg) – Since the advent of the shale boom, U.S. oil producers have drilled both downward and sideways deep beneath the earth’s surface. But now that the easiest-to-reach crude has been extracted, those companies are testing the limits of their technology even further by boring more than 3 miles horizontally, elevating both the operational risk and the potential

Mexico vows long-delayed oil refinery will reach full capacity this year- oil and gas 360

Mexico vows long-delayed oil refinery will reach full capacity this year

Oil Price Mexico’s state oil firm Pemex is expected to start running the long-delayed Dos Bocas oil refinery at full capacity this year, Mexican Energy Minister Rocio Nahle said this week. The oil refinery has seen delays and cost overruns estimated around or even above $3.6 billion, and it hasn’t started producing usable gasoline yet. The plant is one of

Cutting out fossil fuels will lead to “energy chaos,” OPEC’s top official warns- oil and gas 360

Cutting out fossil fuels will lead to “energy chaos,” OPEC’s top official warns

World Oil (Bloomberg) – OPEC’s top official warned against abandoning fossil fuels, hitting back once again at remarks from the world’s energy watchdog. Cutting out fossil fuels “would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” Secretary-General Haitham Al-Ghais said Thursday in a statement. On Wednesday, the International

Oil price rally sees WTI top $90- oil and gas 360

Oil price rally sees WTI top $90

Oil Price West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming. At 10:51 a.m. ET on Wednesday, WTI was trading at $90.14, up $1.62 on the day for a gain of 1.83%.   At 10:51 a.m. ET on Wednesday,

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 57 Bcf

Natural Gas Inventories as of September 8, 2023 The EIA has released its natural gas inventory report, showing a net increase of 57 Bcf as of September 8, 2023. Working gas in storage was 3,205 Bcf as of Friday, September 8, 2023, according to EIA estimates. This represents a net increase of 57 Bcf from the previous week. Stocks were