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Permian methane emissions dropped 26% in 2023 from previous year, new study finds

Annual methane emissions stemming from oil and gas production operations in the Permian basin decreased 26% in 2023 from the previous year—equal to the total amount of carbon emissions avoided by every electric vehicle on […]

ProPetro to deploy electric hydraulic frac fleet for large Permian operator

ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator. “We are pleased to announce another key strategic step for ProPetro […]

Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end

Ukraine has said it will not be renewing a five-year deal to pipe Russian gas to Europe, which is due to expire at the end of the year, as it does not want to aid […]

Landbridge completes acquisition of 46,000 acres in Delaware basin

LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a […]

ADNOC focused on closing $13 billion deal for chemical firm Covestro

(Bloomberg) – The largest oil producer in the United Arab Emirates is focused on closing its nearly $13 billion acquisition of German chemical maker Covestro AG which would establish a base for international growth. […]

Nigeria approves Shell’s onshore asset sale to Renaissance

*Shell logo – Signaling new era for local firms Lagos — The Nigerian government has granted approval to Shell for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, according to […]

Dangote partners MRS to retail PMS at N935/litre nationwide

*A view of the Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. – Hails Tinubu on crude in Naira sale Mkpoikana Udoma Port Harcourt — The President of […]

BP, Iraq take another step toward reviving Kirkuk oil field

(Bloomberg) – BP Plc and the Iraqi government took another step toward reviving one of the OPEC member’s most prolific oil and gas resources, the Kirkuk field. The agreement on technical terms to redevelop the […]

READ, ANSA acquired by consortium of Norwegian investors, strengthening well-integrity business

READ (including subsidiaries READ Cased Hole and ANSA) has announced a new chapter in their corporate evolution within global well-integrity services and solutions. Since the establishment of a joint ownership model with HydraWell in 2022, […]

US drillers keep oil and natgas rigs unchanged for second week

*Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford News wire –– U.S. energy firms this week kept the number of oil […]