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Texas Oil and Gas Production Rises
June 18, 2022
Source: Rigzone

Texas Oil and Gas Production Rises

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.

OPEC+ April crude oil output tumbles as sanctions hit Russian output: Platts survey
May 10, 2022
Source: S&P Global

OPEC+ April crude oil output tumbles as sanctions hit Russian output: Platts survey

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

OPEC+ opens oil taps gradually as Russian war roils markets
May 6, 2022
Source: Energy World

OPEC+ opens oil taps gradually as Russian war roils markets

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, IIT Bombay collaborate to develop green hydrogen technology
April 27, 2022
Source: Energy World

L&T, IIT Bombay collaborate to develop green hydrogen technology

"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.

ONGC commissions Rs 6,000 cr projects to boost oil, gas output
April 25, 2022
Source: Energy World

ONGC commissions Rs 6,000 cr projects to boost oil, gas output

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 Won't Cease Oil & Gas Production Despite Mass Climate Protests: Energy Secretary
April 14, 2022
Source: Republic World

UK Won't Cease Oil & Gas Production Despite Mass Climate Protests: Energy Secretary

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

Seven new oil and gas projects approved since IPCC report called for an end to fossil fuels
April 11, 2022
Source: Euro News

Seven new oil and gas projects approved since IPCC report called for an end to fossil fuels

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 cry crocodile tears over high gas prices
April 7, 2022

Democrats cry crocodile tears over high gas prices

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.

Indian Oil, L&T, ReNew to form JV for green hydrogen business
April 4, 2022
Source: Live Mint

Indian Oil, L&T, ReNew to form JV for green hydrogen business

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

UK ‘will import most oil and gas’ without investment
March 29, 2022
Source: Daily Business

UK ‘will import most oil and gas’ without investment

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 hopes to boost oil and gas production after new discovery
March 14, 2022
Source: Energy Voice

Brunei hopes to boost oil and gas production after new discovery

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.

Elon Musk calls for increase in US oil, gas production to combat Russia despite negative effect on Tesla
March 5, 2022
Source: Fox Business

Elon Musk calls for increase in US oil, gas production to combat Russia despite negative effect on Tesla

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.

India's oil production drops 2.4% in January
Feb. 24, 2022
Source: Energy World

India's oil production drops 2.4% in January

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

Why Isn’t U.S. Shale Production Soaring?
Feb. 18, 2022
Source: Oil Price

Why Isn’t U.S. Shale Production Soaring?

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.

API publishes document enhancing safety of onshore drilling and production
Feb. 16, 2022
Source: world oil

API publishes document enhancing safety of onshore drilling and production

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,

ONGC logs multifold jump in Q3 profit on spike in oil, gas prices
Feb. 14, 2022
Source: Energy World

ONGC logs multifold jump in Q3 profit on spike in oil, gas prices

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.

Govt says continuing all efforts to further enhance coal production
Feb. 11, 2022
Source: Energy World

Govt says continuing all efforts to further enhance coal production

"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.

OMV Petrom: Offshore taxation turned harsher, we won't begin production
Feb. 7, 2022
Source: Romania Insider

OMV Petrom: Offshore taxation turned harsher, we won't begin production

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.

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