NGL Energy Partners said that Water Solutions’ operating income slipped by $8.9 million for the quarter under review due to higher losses from asset disposals or impairments. “This decrease was partially offset by a gain of $3.0 million due to the write-off of a contingent consideration liability and higher disposal revenues due to an increase in produced water volumes processed from contracted customers and higher fees charged for interruptible spot volumes”, the company said.
The U.S. added six rigs and Canada added 13 rigs week on week, taking the total North America rig count up to 840, comprising 582 rigs from the U.S. and 258 rigs from Canada, the count outlined.
Hess Corp. grew its net oil production in Guyana by 52 percent to 195,000 barrels per day (bpd) in the fourth quarter of 2024 compared to the same three-month period in the prior year, according to quarterly results it released Wednesday. The New York City-based company’s net production in the United States’ Bakken shale also […]
Management of the Ghana Upstream Petroleum Chamber has paid a courtesy call on the minister for energy and green transition, the honorable John Jinapor to congratulate him on his appointment and to invite him to a roundtable discussion with its members. The team from the Chamber was led by its CEO, David Ampofo.
Output in 2024 is expected to have totaled 720 MMboe, marking a sixth consecutive year of record highs, the Chinese state-backed company said. CNOOC Ltd., majority-owned by China National Offshore Oil Corp. (CNOOC)., put the total volume goal for 2025 between 760 MMboe and 780 MMboe, of which 69 percent is to come from China.
The latest signs of such a realignment have come from the UAE’s awarding of contracts for the massive expansion of its liquefied natural gas (LNG) capabilities, centred on the Ruwais LNG Project. Once fully operational, the Ruwais LNG plant will more than double the current LNG production capacity of the UAE’s ADNOC Gas to over 15 million tonnes per annum (mtpa). Last week saw the UAE energy giant award US$2.1 billion in contracts to bolster its LNG supply infrastructure with the largest (valued at US$1.24 billion) going to a consortium consisting of the Egyptian firms, Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet.
The U.S. last week stepped into the long-running embargo by the Baghdad-based Federal Government of Iraq (FGI) of independent oil exports from Iraq’s semi-autonomous region of Kurdistan (KRI) centred in Erbil. These flows into Turkey were stopped on 25 March 2023 after the International Chamber of Commerce (ICC) ordered Ankara to pay the FGI US$1.5 billion in damages for these allegedly unauthorised oil exports. U.S. State Department spokesperson Matthew Miller told local Iraqi news outlets that Washington has encouraged the historically pro-West Erbil and more pro-China Baghdad to reach a sustainable agreement on budgetary issues that would facilitate sustained oil production in the Kurdistan Region.
Although the U.S. dropped four rigs week on week, Canada added 13 during the same period, taking the total North America rig count up to 809, comprising 580 rigs from the U.S. and 229 rigs from Canada, the count outlined.
The biggest Indian state refiners have asked one Middle Eastern exporter to offer alternative price quotes for its crude as India is scrambling for the cheapest possible supply amid soaring oil and shipping prices after the U.S. sanctions on Russia’s oil trade.
Clean energy and industrial gas company Chart Industries has signed a global master goods and services agreement with ExxonMobil, Chart Industries announced on Wednesday.