Permian Basin added drilling rigs in the past week to reverse a three-week decline, but still the basin rig count declined in the past month for the first time in two years. Baker Hughes said as of Aug. 26 there were 348 rigs in Permian – up 3 in previous week, up 99 in past […]
Magellan Midstream to expand Houston-to-El Paso pipeline system
Tulsa-based Magellan Midstream Partners said Monday it will expand its refined petroleum products pipeline system from Houston to El Paso to a new capacity of about 100,000 barrels per day by early 2024. The $125 million expansion will include construction of a new 30-mile pipeline along an existing route between Odessa and Crane with additional […]
Occidental extends JV with Ecopetrol through 2025 first quarter
Houston-based Occidental Petroleum said it will extend its joint venture in Permian Basin with Columbia’s Ecopetrol SA through first quarter of 2025. Ecopetrol will earn additional interest in the JV’s Delaware Basin assets. Vicki Hollub, president and CEO, said Aug. 3 the two companies will enhance their JV in Midland and Delaware basins to encompass […]
Occidental: Construction starts in Q3 on DAC plant in Ector County
Houston-based Occidental Petroleum and subsidiary 1PointFive said last week they will begin detailed engineering and construction for their first large-scale direct carbon capture plant in Ector County in 2022Q3 near Oxy acreage and infrastructure. Startup is expected in late 2024 of the world’s largest plant of its kind. The plant is expected initially to capture […]
OPINION: Energy at the Crossroads
By Jesse Mullins Will ESG win the day and welcome O&G into the Climate Change fold, converting O&G’s leadership into the Green Movement’s biggest cheerleaders? Or is the Energy Transition slipping a gear as the country barrels toward 2024… or 2030… or 2050… or whatever target date means most to the faithful. We opine. The words you […]
Pain at the Pump
by Dr. M. Ray Perryman The price of gasoline remains elevated, with the national average briefly surpassing $5 per gallon before retreating modestly. In parts of the country (particularly those distant from refineries), it’s already well above that level. Unfortunately, I think that prices will generally stay relatively high through the summer driving season before […]
Organizational Change in the Age of Disruption
by Donald Barnhart Business books and blogs today are filled with facts and theories about the unprecedented era of disruption. Businesses have been disrupted… remember the world before Apple, Napster, Google, Amazon, and Tesla? Employees have also been disrupted by the current business climate, the global pandemic, and recuperating from the “Great Resignation” of 2021, which […]
Oil Sands to Grow, But…
While the Russian invasion of Ukraine has increased the incentive to raise Canadian oil sands production in the short-term, it has not fundamentally altered the production outlook over the longer-term, according to the latest forecast by the S&P Global Oil Sands Dialogue. The updated 10-year forecast expects Canadian oil sands production to reach 3.5 million barrels […]
Improving Yields in Enhanced Oil Recovery
In enhanced oil recovery, a fluid—typically water with various additives—is pumped into an injection well to force additional oil out of the reservoir. This technique can double the amount of oil extracted from a well, increasing oil availability and lowering costs. However, the conditions in the injection fluid are often extreme, and the behavior of […]
Upstream M&A Declines in a Volatile Market
In its summary of 2Q22 upstream M&A, Enverus Intelligence Research (EIR), a subsidiary of Enverus, a leading energy data analytics and SaaS technology company, found that, overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. Despite that, about $12 billion was transacted in upstream M&A as numerous […]
- « Previous Page
- 1
- …
- 141
- 142
- 143
- 144
- 145
- …
- 354
- Next Page »