Oil and Gas industry news.
Oil and Gas industry news.
What are the current trends in investment and financing within the US oil and gas sector?
I heard from a friend in Utah that Anschutz has a Niobrara or Mancos well in the Uintah Basin that is flowing 20 mill gas and 2000 bbls condensate per day. Middle of nowhere and supposedly Huge well. Anyone working there? Truth? Jobs?
Only four operators breached the 200,000 barrels in one year milestone, with Coterra leading with an impressive 467 oil wells during this period. XCL Resources is turning heads with exceptional performance in the Uinta Basin, standing strong as the sole non-Permian operator in the top 8.
With 14 out of our top 25 coming from the Permian, and notable showings from Bakken, Utica, and Eagle Ford, the dynamics are fascinating.
Larger operators like Devon, ConocoPhillips, and Marathon make their mark, but who do you think will break into this list in the next 5 years?
Does anyone know where to find out what basins / plays produce relatively sweet vs. sour gas? I've been trying to figure it out, but it's not easy to find from googling
Hello, I am looking for publications. Is anybody here who has own one and would be share some information? :)
I'm gonna have a job shadowing/externship/coffee chat in a couple days with some Electrical, Instrumentation and Process control, and Reliability Engineers in an oil refinery.
This is pretty much my first experience in the field as a student (I only have some ELEC and a bit of control theory background).
Therefore I've been doing my research about the field and how those areas are applied in a refinery.
However, I wanted to ask you guys if you have any ideas of cool questions to ask to have a more interesting talk with the experts, be it either directly related to the topic or even if it takes a bit more of a tangent.
Have a great day and thanks in advance!
I would like to know what kind of issues do Geologists in the Oil and Gas sector face while fetching real time data during drilling. How difficult is it to analyze and manage data?
I recently put together a team of experienced oil and gas operations consultants. I basically cherry-picked the best professionals I could find from recent bankrupt PE companies that can handle all aspects of operations.
I am trying to find different investment groups interested in purchasing oil and gas properties, but don’t have a solid operations team put together. My thinking is that we could offer a segue from their initial investment while they put together their preferred team for operations. It would help any potential investor group seize on potential deals without a full team put together.
Any idea on investors looking for this kind of service, or any other companies similar that have succeeded in this model?
This is a wild card for me but can someone tell me how they would go about locating land and the well that is being drilled on it based off a Distribution Deed? Shot in the dark. I love redditors
There are several videos floating around the Internet claiming that Israel's assault on Gaza has to do with the natural gas reserves located off the Gazan coast. At first I paid little attention to the matter. Then I decided to take a closer look. Here is what I found.
In 1967, Israel occupies the West Bank and the Gaza Strip. Then in the 1990s, Israel and the PLO sign two peace agreements. One of them grants the Palestinian Authority or PA, which emerges from the negotiations, the right over the waters off Gaza. To this day, the PA is controlled by Fatah. Fatah is a secular, nationalist and social democratic political party. In 1999, the PA signs a gas exploration contract with the company British Gas. The following year, two wells are drilled, Gaza Marine I and II. In response, Israel begins blocking any development of the gas fields. In 2006, Palestinians in the Occupied Territories head to the polls. Hamas, an Islamist militant movement and political party, wins a majority. The group takes control of the Gaza Strip and ousts Fatah officials. As a response, Israel imposes a blockade on Gaza and prohibits any offshore gas development. In 2008, Israel goes even further by taking full control of Gaza Marine, in clear violation of international law. For 14 years, nothing much happens. Oh, I forgot. In 2019, the UN publishes a study that estimates the net value of Gaza Marine at $4.6 billion. But compared to other gas fields in the Eastern Mediterranean, Gaza Marine is pretty small. It accounts for less than one percent of the region's total gas reserves.
Ok, then comes 2022. The Ukraine war, the bombing of the Nord Stream pipeline, and Western sanctions against Russian oil and gas trigger a global energy crisis. This new international context plays a crucial role in putting Gaza Marine back on the table. In October 2022, Israel, the U.S., Egypt and the PA agree on developing the gas fields. Hamas rejects the deal and accuses the PA of corruption. In June 2023, Israel gives the green light to the project. First, Hamas reaffirms its protest. But then, a few days later, the group reportedly agrees to the project in exchange for a share of the revenues.
Then comes October 7, followed by Israel's genocidal attack on Gaza. With the new reality on the ground, it is unclear whether the gas deal still stands. The war could give Israel an excuse to block all Palestinians from participating in the gas deal. Netanyahu could also cancel it altogether or simply expropriate Gaza Marine. That would be nothing new. Israel has been expropriating Palestinian natural resources for 75 years now. But I don’t think that Israel is primarily interested in Gaza's offshore gas. It's much more than that. I think instead that Israel's attack on Gaza is part of the plan to create a "Greater Israel”. Two weeks before October 7, Prime Minister Netanyahu gave a speech to the UN General Assembly. He held up a map showing Israel stretching from the Jordan River to the Mediterranean. The West Bank and Gaza were erased.
In March, Israel’s Finance Minister Bezalel Smotrich delivered a speech in front of a similar map. What we are witnessing now in Gaza is an attempt to finish what began in 1948: the systematic policy of settlement, dispossession and ethnic cleansing of Palestinians. More than seven decades later, Israel's Zionist, settler-colonial project is not yet complete. The goal is still the same. To take as much of Palestine as possible, with as few Palestinians living in it as possible. And politicians and military leaders in Israel have been very outspoken about their intentions.
Over 1.7 million Gazans have already been displaced from their homes. That’s 77 percent of the total population. Israel appears to be aiming to expel all Palestinians living in Gaza and pay Egypt to host them permanently. In such a scenario, the takeover of Gaza Marine would be nothing more than a by-product of the forcible creation of a “Greater Israel”.
A new billion-dollar lithium battery manufacturing plant set to be supplied by domestic mining will be built in Metro Vancouver: https://dailyhive.com/vancouver/e-one-moli-energy-maple-ridge-vancouver-bc-battery-plant
This will be the largest factory in Canada for high-performance lithium-ion battery cells, producing up to 135 million battery cells per year for automotive vehicles, aerospace, consumer electronics, power tools and medical devices.
Fuelled by the increasing demand for lithium which is expected to continue to skyrocket, Direct Lithium Extraction (DLE) is becoming a leading extraction option based on its ability to double lithium production while reducing environmental damage.
Having recently expanded its capabilities beyond its Rainbow Lake Lithium Project with a permanent demonstration plant capable of testing oilfield brines from multiple basins across North America in real-time, Volt Lithium (VLT.v VLTLF) has emerged as a leading DLE company poised to benefit from this news.
With the permanent demonstration plant, VLT can expand its capabilities beyond its flagship Rainbow Lake Project, opening up a vast market opportunity and enabling the use of its proprietary DLE technology to extract lithium regardless of the brine's original lithium concentrations.
As DLE has the ability to double lithium production while reducing environmental damage, VLT's proprietary tech boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
In offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
As discussed by Volt Lithium (VLT.v VLTLF) CEO Alex Wylie, there is a massive opportunity for oil and gas companies producing significant quantities of brine as part of their normal operations to collaborate with DLE companies to add value to existing operations: https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/article/2023/10/new-methods-could-extract-large-lithium-stores-from-brine
Posted on behalf of Volt Lithium Corp.
which related to completion management system. Now I am working as a CCMS coordinator. If anyone of you work similar job like this please help me how to find similar job like this?
We're finalizing accredited investors for the Mando Oil Drilling Prospect (NH Oil & Gas). Located proximate to dozens of profitable wells in southern Louisiana, our AI powered analysis projects an estimated return of 41.2% over 2.5-year period. Interested in more detail on this investment opportunity? Connect with the project lead team via zoom.
Chevron to buy Hess for $53 billion as the biggest US oil companies get even bigger
Chevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors
US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution
"For nearly 150 years, brine from oil and gas drilling has long been considered a nuisance for operators. But the tides are turning thanks to the electric vehicle (EV) revolution, which could transform billions of barrels of salty wastewater into wealth."
As lithium is heading toward a significant shortfall in supply due to the exponential demand that EV production has created, major oil and gas companies including Exxon Mobil and Chevron, are disclosing their interest in pilot projects designed to extract lithium from brine.
With this, Direct Lithium Extraction (DLE) has gained prominence as an alternative way to provide "abundant, low-cost lithium" for this energy transition with one company in particular, Volt Lithium (VLT.v VLTLF, 40M Market Cap), making a name for itself with its game-changing lithium discovery and innovative IES-300 DLE technology.
For more information, VLT's President and CEO, Alex Wylie, will be presenting at two different investor conferences this month including the Schachter Catch the Energy Conference on October 14th, and the Lytham Partners’ Fall 2023 Investor Conference on October 17th: https://voltlithium.com/wp-content/uploads/2023/10/23-10-11-Schachter-Lytham-Announcement-FINAL.pdf
Aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine, VLT is a "growing, pure-play lithium development and technology company".
Engineered to extract lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
Posted on behalf of Volt Lithium Corp.
Hard to imagine Iran not being involved to some degree: weapons, training, intel.
Biden calls for up to 3 oil and gas lease sales in the Gulf of Mexico, disappointing all sides
President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska
Let's say I have an oil reservoir being waterflooded with a matrix of weakly consolidated sand. Now let's say I make the drawdown pressure too high and I sand up my wellbore and wreck my near wellbore permeability (possibly fines migration as well?). If I clean out my wellbore with coil, is there any frac I can pump that would bypass the damage of the sand invasion and keep the sand from invading my wellbore. I imagine the tail end of the frac would have a quick incremental ramp up of frac sand size to form a "gravel pack" behind pipe.