Drone-Based Gas Leak Detection Market in Oil & Gas: Future Outlook and Trends
Drone-Based Gas Leak Detection Market in Oil & Gas to Experience The global drone-based gas leak detection market(https://www.transparencymarketresearch.com/drone-based-gas-leak-detection-in-oil-and-gas-market.html), valued at US$ 4.0 Bn in 2023, is forecast to grow at a CAGR of 6.1% from 2024 to 2034, reaching US$ 7.8 Bn by the end of the forecast period. A surge in efforts to limit […]
Exxon Makes Major Investment in Natural Gas with Its Eighth Oil Project in Guyana
Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project ExxonMobil’s eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyana’s oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to […]
Russia Poised to Restart Oil and Gas Activities in Iraqi Kurdistan
Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. From 2017 until the forced removal of President Bashar al-Assad of Syria, Moscow’s extensive energy operations […]
Trends in the Oil and Gas Exploration and Production Market
Oil and Gas Exploration and Production Market Trends Oil and Gas Exploration and Production Market “Market Overview and Recent Developments The Oil and Gas Exploration and Production market plays a pivotal role in the global energy landscape, serving as the backbone for various sectors including transportation, manufacturing, and electricity generation. With the increasing global demand […]
Drop in US Oil and Gas Rig Count
US Oil, Gas Rig Count Falls The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The total rig count fell by 1 rig, to 592, according to Baker […]
UK to Revamp Oil and Gas Windfall Tax System Post-2030
UK to overhaul oil and gas windfall tax regime after 2030 The UK Government has announced plans to reform its windfall tax regime on oil and gas producers once the current levies expire in 2030. The government aims to transform the North Sea into a renewables hub, focusing on clean energy sources alongside existing oil […]
Oil and Gas Initiatives Accelerated as Minnesota Power Announces Transition Away from Fossil Fuels
Oil and gas projects fast-tracked, while Minnesota Power plans to quit fossil fuels Catch the latest energy news from around the Great Lakes region. Check back for these biweekly Energy News Roundups. Hundreds of energy projects may have their permits fast-tracked by the Trump administration, including Enbridge’s tunnel for Line 5 in the Straits of Mackinac and […]
Evolution Petroleum Acquires Oil and Gas Assets at a 40% Discount to PV-10 Valuation
Evolution Petroleum Acquires Oil & Gas Assets at 40% Discount to PV-10 Value 03/04/2025 – 07:45 AM Strategic Benefits of the Acquisition: Adds approximately 440 net BOEPD of stable, low-decline production.Enhances cash flow visibility with a balanced commodity mix.Strengthens Evolution’s long-term dividend sustainability.Offers low-risk development opportunities with potential for incremental production growth.~2.8x estimated Adjusted EBITDA1 […]
Texas Oil and Natural Gas Sector Sets New Production Milestones
Texas Oil and Natural Gas Industry Breaks New Production Records According to TIPRO, the industry supported over 2 million direct jobs in the U.S. last year, with total direct and indirect jobs tied to the industry reaching nearly 23 million. Image for illustration purposes Texas Border Business – Advertisement – AUSTIN, Texas – The Texas Independent […]
BLM Unveils Oil and Gas Lease Sale in Montana and North Dakota
BLM announces oil and gas lease sale in Montana and North Dakota BILLINGS, Mont. — The Bureau of Land Management Montana-Dakotas State Office announced an oil and gas lease sale for April 29. The sale will offer 11 oil and gas parcels, totaling 4,266 acres in Montana and North Dakota. Public comment was collected from […]