Reset Energy to Build a Nitrogen Rejection Unit for Permian Residue Gas
Reset Energy will install a nitrogen rejection unit at a large-scale facility in the Permian Basin to deliver a residue gas product for a midstream operator.
SLB Launches Electric Well Control Tech to Replace Hydraulics
SLB says the new systems reduce costs and provide real-time data for operators.
COMMENTARY: How to Solve America’s Electricity Crisis – Alex Epstein
My testimony for the House Oversight Committee’s hearing on “Leading the Charge: Opportunities to Strengthen America’s Energy Reliability.” By Alex Epstein Below is a video of my spoken testimony and Q&A, along with my prepared remarks, for last week’s House Oversight Committee’s hearing on “Leading the Charge: Opportunities to Strengthen America’s Energy Reliability.” Introduction America …
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Low Energy Prices Sting Aramco Profits and Squeeze Saudi Development Plans
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom’s multi-trillion-dollar development plans. Already, Saudi’s de facto ruler Crown Prince Mohammed bin Salman has been digging a straight-line city in …
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US Orders Wind Down of Chevron’s Oil Exports From Venezuela in 30 Days
(Reuters) – U.S. President Donald Trump’s administration said on Tuesday it is ending a license that it had granted to U.S. oil producer Chevron since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns. Chevron will have through April …
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How Much Crude Oil Did the US Import by Country in 2024?
(Reuters) – U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and a 10% tariff on Canadian energy took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and raise gasoline prices for Americans. Canada and Mexico are the top …
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Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting
Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.
EIA Reports NatGas Rig Count Fall-Off in ’23, ’24
The U.S. Energy Information Administration’s report of a falling natural gas rig count backs up statements from producers in the Appalachian and Haynesville basins.
US NatGas Prices Jump 9% to 26-Month High on Record LNG Flows, Canada Tariff Worries
U.S. natural gas futures jumped about 9% to a 26-month high on record flows to LNG export plants and forecasts for higher demand.
ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China’s Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.