Out of the nine organizations selected to participate in the REDI consortium, Southern University, and Agricultural Mechanical College will serve as the lead organizations, responsible for supporting the convening of REDI activities, tracking and sharing information about projects in the region, identifying cross-cutting commitments, and leading the development of a regional benefits strategy with input from other consortium members, the DOE said.
“This transaction bolsters Phillips 66’s position as a leading integrated downstream energy provider”, Phillips 66 chair and chief executive Mark Lashier said in an online statement Monday. “This transaction optimizes our Permian NGL value chain, allows Phillips 66 to provide producers with comprehensive flow assurance, reaching fractionation facilities near Corpus Christi, Sweeny, and Mont Belvieu, Texas, and is expected to deliver attractive returns in excess of our hurdle rates”.
In a winter weather situation report sent to Rigzone late Monday, the Texas Oil & Gas Association (TXOGA) said the state’s natural gas production, processing, transmission, and storage sectors continue to have needed production and storage.
Exxon accused Bonta, the Sierra Group and others of making “false accusations” about its advanced recycling process. Exxon said in a suit filed in federal court in Texas Monday that the process works and the claims have damaged its relationship with customers.
Oil and gas company Aker BP ASA has partnered with PXGEO Equipment Ltd., a geophysical service provider, to enhance its subsurface exploration and development activities. In a media release, Aker BP said it plans to maximize value creation and flow efficiency through a LEAN operations philosophy.
Halliburton said that the initial rollout of this service led to a 17 percent increase in stage efficiency. Based on the result, Coterra deployed the Octiv Auto Frac service to its remaining completion programs that Halliburton executes in the Permian Basin.
Veolia said then the power plant “plays a crucial role in regulating and balancing the Hungarian power grid, thanks to cutting-edge technologies that make its production capacities flexible”.
Drilling in the ANWR, the largest national wildlife refuge, was off-limits for decades and the subject of fierce political fights between environmentalists and Alaska’s political leaders, who have long supported development in the coastal plain.
Sanctions have become the main news in 2025 so far, with this week seeing a tightening of US sanctions against China as the Pentagon targeted state-backed oil and shipping firms. Rumors are circulating that the outgoing Biden administration will slap further sanctions on Russia and Iran, inadvertently lifting oil prices before Donald Trump takes office on January 20. For the time being, ICE Brent futures are hovering around $77 per barrel, with a potential spike above $80 per barrel becoming an increasingly likely outcome.
The Foreign Ministry in Chisinau said it “strongly refutes the dangerous disinformation spread by the embassy of the Russian Federation in the Republic of Moldova, which seeks to deflect responsibility for a crisis that Moscow itself has created.”