Production NEWS

Oil and gas production in Texas rose month on month, according to the latest preliminary figures from the Texas Railroad Commission (RRC). The preliminary reported total volume of crude oil in Texas in March was 110.9 million barrels, equating to 3.57 million barrels per day, the RRC highlighted. The preliminary reported total volume of natural gas in March was 829.45 billion cubic feet, equating to 26.75 billion cubic feet per day, the RRC revealed.

Crude oil production by OPEC and its partners fell to a six month low of 41.58 million b/d in April as Russian production took a battering from Western sanctions

London, May 5 (AP) OPEC and allied oil-producing countries have decided to stick to a modest increase in production, even as Europe's proposed phaseout of Russia oil threatens to yank millions of barrels off a global market already thirsty for crude.

"L&T...signed an agreement with the Indian Institute of Technology Bombay, the nation's premier technology and research institution, to jointly pursue research and development work in the green hydrogen value chain," the company said in a statement.

Oil Minister Hardeep Singh Puri dedicated the two major projects to the nation at Western offshore on April 23. He was accompanied by chairman Alka Mittal, Director (T&FS) O P Singh and Director (Offshore) Pankaj Kumar.

UK Energy Secretary Kwasi Kwarteng indicated on Wednesday that the British government will not cease the oil and gas production in the nation

It’s “now or never,” said the latest report from the Intergovernmental Panel on Climate Change (IPCC) published on Monday. It called on governments to start staving off emissions to save the planet from irreversible climate disaster.

Democrats are so nervous about November's election that they just wasted a morning in the House Energy and Commerce Committee trying to scapegoat the oil industry for the high price of gasoline.

Additionally, Indian Oil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen

Britain will be forced to import almost all its gas and most of its oil from overseas suppliers unless billions of pounds are invested in new North Sea exploration and production facilities, according to a stark report from Offshore Energies UK.

Brunei plans to boost production of oil and gas following the discovery of 42 million barrels of oil equivalent last year, according to energy minister Mat Suny bin Mohd Hussein. Significantly, the country is banking on new finds to reverse an expected decline in upstream output.

Tesla co-founder and CEO Elon Musk called on the United States to increase its domestic oil output in response to Russia’s invasion of Ukraine, while also acknowledging that his electric car company would be negatively affected by that move.

The cumulative output for the April-January 2021-22 is 4.63 per cent lower than the official target for the period

A lot of news has been coming lately from the U.S. shale patch. Output in the Permian has broken records for two months in a row. The Energy Information Administration has forecast that the U.S. total could also break a record this year, thanks to higher prices.

WASHINGTON – The American Petroleum Institute (API) published an important first-edition document focused on improving the safety of onshore drilling and production operations. API Bulletin 16H, Automated Safety Instrumented Systems for Onshore Blowout Preventer Actuation,

Net profit of Rs 8,764 crore in October-December 2021 rose 596.7 per cent over Rs 1,258 crore net profit in the same period a year back, the company said in a statement.

"The government is continuing all efforts to further enhance the coal production in the country as availability of additional coal will aid in import-substitution of coal," the coal ministry said in a statement.

The taxation regime for gas production in Romania has become even more uncompetitive, significantly above the European average. This puts pressure on investments in Romania, endangering the supply [of local consumers] from domestic natural gas production.