TGS is offering information to aid in successful carbon sequestration, including basin-scale stratigraphy, reservoir properties, formation penetration and the associated risks related to pressure and seals.
Funds managed by Apollo Global Management Inc. have acquired a majority interest in Bold Production Services LLC, a provider of natural gas treatment solutions.
A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production.
Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch.
HOUSTON, Feb 12 (Reuters) – Chevron (CVX.N), opens new tab will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production …
Chevron to Lay Off 15% to 20% of Global Workforce Read More »
(Reuters) – Ukraine called on its allies on Wednesday to help it import more natural gas as it moved to increase gas imports by a third to 22.6 million cubic meters following a series of Russian missile attacks on Ukrainian gas facilities. The call came after natural gas production sites owned by Ukraine’s state-run energy …
Ukraine Calls For Help on Gas Imports After Russian Missile Strikes Read More »
(Reuters) – OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise …
OPEC Sticks to 2025, 2026 Global Oil Demand Growth Forecasts Read More »
(Reuters) – Mexico plans to boost its crude oil reserves to ensure it has enough for at least a decade of consumption, the chief executive officer of state energy company Pemex, Victor Rodriguez, said on Wednesday. Pemex has 12 strategic projects that will account for 61% of this hydrocarbon production, Rodriguez added. Speaking alongside Mexican …
Mexico to Boost Crude Reserves to Meet at Least a Decade of Demand, Pemex CEO Says Read More »
(Reuters) – U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 4.1 million barrels to 427.9 million barrels in the week ended February 7, the EIA said, compared with analysts’ expectations in a Reuters …
US Crude Stockpiles Build on Ongoing Refinery Maintenance, EIA Says Read More »
(Reuters) – Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries. The United States imposed sanctions last month that targeted 180 Russian tankers while Kyiv has stepped up drone attacks to …
Russia Braces for Oil Output Cuts as Sanctions and Drones Hit Read More »
