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September 18, 2024

Diamondback Energy eyes natural gas to electrify Permian fracing operations- oil and gas 360

Diamondback Energy eyes natural gas to electrify Permian fracing operations

September 18, 2024

World Oil (Bloomberg) – Diamondback Energy Inc., one of the Permian basin’s biggest oil companies, is considering using some of the natural gas it produces to generate electricity to run drilling and fracing operations. Permian producers have increasingly shifted operations from diesel generators to electricity supplied by the local power grid. But the Texas grid can be unreliable at times,

Decarbonization sensation- Houston hosts huge climate tech conference this week- oil and gas 360

Decarbonization sensation- Houston hosts huge climate tech conference this week

September 18, 2024

(Oil & Gas 360) – Houston assumes its familiar role as global energy leader for four days this week for The Gastech Climatetech & AI Conference Sept. 17-20. About 50,000 attendees and 800 companies from 125 countries are expected to hear about progress on the group’s mission to “foster the development of green molecules and electrons within a new energy

Halliburton launches Clear electromechanical well intervention portfolio for completions operations- oil and gas 360

Halliburton launches Clear electromechanical well intervention portfolio for completions operations

September 18, 2024

World Oil (WO) – On the first day of Gastech 2024, held this week in Houston, Texas, Halliburton Company introduced the Clear portfolio of electromechanical well intervention technologies and services. This portfolio addresses challenges related to high-angle deployment and includes surface readout telemetry for communication and precise control to deliver differentiated performance. The Clear portfolio includes: ClearTrac wireline tractor; ClearCut

Russia’s oil revenues have dropped by 30% since June-oil and gas 360

Russia’s oil revenues have dropped by 30% since June

September 18, 2024

Oil Price The value of Russia’s crude oil exports has plummeted by nearly 30% since the end of June as falling international benchmark prices are depressing the value of the cheaper Russian crude grades, Bloomberg has estimated. Higher export volumes were unable to offset the slump in oil prices in recent weeks and Russia’s flagship Urals crude is now trading below

Oil and gas CEOs call on Biden administration to stop attack on U.S. LNG at Gastech 2024- oil and gas 360

Oil and gas CEOs call on Biden administration to stop attack on U.S. LNG at Gastech 2024

September 18, 2024

World Oil (Bloomberg) – The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas (LNG) export permits as the key policy they want changed under the next U.S. president. Chevron Corp. Chief Executive Officer Mike Wirth called on the administration to reverse the pause, labeling the policy as a failure that “elevates

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