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Latest news about Oil and gas Industries-25.04.25
On April 23, 2025 ExxonMobil signed an agreement with Calpine Corporation, the largest U.S. producer of electricity from natural gas, to transport and store up to 2 million metric tons of CO₂ annually from Calpine’s Baytown Energy Center near Houston. This initiative, part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project, aims to capture emissions from the facility, providing low-carbon electricity to Texas customers and steam to nearby in... Leggi di più
Latest news about Oil and gas Industries-18.04.25
On April 14, 2025 BP announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of Mexico, drilled in Green Canyon Block 584, about 120 miles off Louisiana’s coast. The well, reaching a depth of 23,830 feet, encountered high-quality Miocene reservoirs with preliminary data indicating commercially viable hydrocarbons. BP operates the project with a 57.5% stake, alongside Chevron (42.5%). This discovery reinforces BP’s commitment to ex... Leggi di più
Latest news about Oil and gas Industries-11.04.25
On April 08, 2025 Shell Offshore Inc., a subsidiary of Shell plc, has announced the start of production at Dover, a new subsea tieback to the Shell-operated Appomattox production hub in the Gulf of Mexico. Dover is expected to reach a peak production of 20,000 barrels of oil equivalent per day (boed). The project highlights Shell’s strategy to maximize output from deepwater hubs while focusing on high-margin, lower-carbon resources. “Dover is another exa... Leggi di più
Latest news about Oil and gas Industries-04.04.25
On March 31, 2025 The Trump administration revoked permits and waivers allowing Western energy firms, including Global Oil Terminals, Spain’s Repsol, and France’s Maurel et Prom, to operate in Venezuela. This move further isolates Venezuelan President Nicolás Maduro from global oil markets. Affected companies must wind down operations by May 27, while Global Oil Terminals, led by Harry Sargeant III, must cease financial transactions with PDVSA by ... Leggi di più