Industry & Analysis

The American Petroleum Institute's concerns include "flawed methodologies that could lead to inaccurate reporting of higher GHG emissions and increased taxes on American energy at a time of geopolitical instability and economic inflation," said Vice President of Corporate Policy Aaron Padilla.

Exxon Mobil Corp. Chief Executive Officer Darren Woods foresees arbitration with Chevron Corp. over a premier asset offshore Guyana stretching into 2025 due to the importance of the case to both companies.

The United Arab Emirates, Kazakhstan and Iraq stand to bolster their combined capacity by more than 300,000 bpd from next year. Abu Dhabi has signaled an even bigger increase, with state producer ADNOC advertising this week it has bolstered its capabilities by 200,000 bpd to 4.85 MMbpd.

Petroleo Brasileiro SA, as the state-run company is formally known, must speed up studies that will help it curb the amount of gas injected back into oil reservoirs to boost crude production, Silveira said in an interview. That will free up more gas for sale. Petrobras - and other oil majors - should also invest in new gas pipelines to increase domestic supplies, he said.

Energy companies in the United States have reduced the number of operating oil and natural gas rigs for the second consecutive week, reaching the lowest count since January 2022, according to Baker Hughes' latest report.

Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.

On Wednesday, March 27, 2024, jury deliberations took only two hours after a week-long trial to find that both SLB Monoline™ fracturing fluid delivery technology patents were valid, and that Nitro Fluids LLC had willfully infringed both of the patents.

OPEC pumped 26.81 MMbpd in April, about 50,000 bpd less than the previous month, according to a Bloomberg survey. Minor increases by Libya and Iraq were offset by reductions in Iran and Nigeria.

The Permian basin has dominated recent dealmaking, but other shale plays look set to attract significant investments soon, with about $41 billion of non-Permian opportunities on the market, including the potential sale of Bakken-focused Grayson Mill Energy, Uinta-focused XcL Resources, ExxonMobil's Bakken portfolio, EQT's remaining non-operated Marcellus portfolio and certain Haynesville assets from Shell and BP.

The divergence over ESG measurements shows up in valuations, with TotalEnergies’ stock priced at eight times earnings expected a year from now, against 12 times for U.S. giant Exxon Mobil Corp.

Since its inception in 2005, Optical Gas Imaging (OGI) has been an integral part of emission reduction in the oil and gas industry. Over that time, OGI cameras have been the center of the LDAR and EHS markets as the flagship technology for emissions mitigation. Beginning in 2008 with the Alternate Work Practice and most recently as the BSER for NSPS OOOOb and Appendix K of the March 6, 2024, U.S. EPA regulation, OGI technology has proven to be an efficient and effective means of regulatory compliance while also empowering oil and gas operators to increase safety and enhance productivity. The newest in OGI cameras have advanced features that help users meet these stringent regulatory requirements and increase LDAR inspection efficacy. In this webinar, FLIR Global Business Development Manager, Craig O’Neill will discuss how the NSPS OOOOb elevates the use of Optical Gas Imaging for leak detection. Who Should Attend: Air Quality Professionals, Compliance Officers, Directors of Compliance, EHS Professionals, Environmental Professionals, Fugitive Emissions Professionals, HSE Professionals, LDAR Professionals, Maintenance Managers, OGI Technicians, Operations Managers, Platform Managers, Reliability Professionals.

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