USGS oil and gas assessments began 50 years ago following an oil embargo against the U.S. that signaled a need to understand the occurrence, distribution, and potential volumes of undiscovered resources, the DOI said in its statement. It added that USGS energy resource assessments provide information to policy makers on resource potential in areas of the U.S. and the world.
Ambassadors from the bloc’s 27 member states will meet in Brussels on Friday to sign off on a joint push for a 10 percentage-point deviation until 2027 from rules that require tanks to be 90 percent full by winter. If their position is agreed soon with the European Parliament in upcoming talks, the new regulations could come into effect before the next heating season.
According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case for investment in the resource.
The volume of coalbed methane held in a key asset in Botswana operated by Australia-listed minnow Botala Energy has increased by more than 40% to hit some 450 billion cubic feet, according to a third-party estimate.
The initial well is being reviewed along with other discoveries in the area for possible joint development.
Eni SpA E and Repsol SA REPYY are engaged in advanced negotiations for new agreements with Venezuela, as the South American nation aims to reclaim its position as a significant global oil producer following the relaxation of U.S. sanctions, per a Bloomberg report.
Eni and the Swiss company Open Energy Platform AG (Open EP) have entered into an agreement to guarantee the flow of gas to Switzerland and Italy even in the event of interruptions or significant reductions in gas flows from Germany. The Six-legged Dog made this known in a press release which specifies that the agreement favors the efficient use of the Swiss Transit gas transport infrastructure in relation to both the flows of gas from France to Italy through Switzerland and the safety of gas supply in Switzerland.
BP has set a deadline for completion of the Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal to Q1 2024, the British energy giant announced on Tuesday during a conference call.
Total Energies has signed an amendment to extend its partnership with Oman LNG for 10 years, the French energy giant announced on Thursday.