Texas upstream employment numbers showed a significant increase during the month of May, the Texas Independent Producers and Royalty Owners Association (TIPRO) said, citing the Bureau’s latest Current Employment Statistics (CES) report. of US Labor Statistics (BLS) . Upstream Texas direct employment for May 2023 totaled 206,000, an increase of 6,900 jobs from April’s adjusted employment numbers, according to TIPRO analysis. Upstream employment in Texas in May 2023 totaled 22,700 jobs compared to May 2022, including an increase of 2,700 jobs in oil and natural gas extraction and 20,000 jobs in service sector, pointed out TIPRO. New employment data from…
Author: Automotivedealernews.com
More African countries have pledged to go ahead with the Nigeria-Morocco gas pipeline project with the signing of various agreements. Four memoranda of understanding were signed on Friday by the Nigerian National Petroleum Co. Ltd. (NNPC), the National Office of Hydrocarbons and Mines of Morocco, the National Hydrocarbons Co. of Benin, the National Petroleum Operations Company of Ivory Coast, the National Petroleum of Guinea. co. and National Oil Co. of Liberia’s state-owned NNPC, they said in a press release. The pipeline would run from Nigeria to Morocco via Benin, Togo, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia,…
Transgaz SA has awarded the construction rights for the Tuzla-Podisor gas pipeline to a Turkish company. The 188.46-mile (303.3-kilometer) gas carrier will connect the Neptune Deep block with another pipeline that will link Austria, Bulgaria, Hungary and Romania, called the BRUA pipeline. Kalyon Insaat Sanayi Ve Ticaret Anonim Sirketi has won the construction contract worth about $546 million (€500 million), the Romanian state-owned company said in a press release on Friday. “Being a project of strategic importance for the economic and social development of the country, the Romanian government and the rest of the public institutions and authorities support this…
Alberta-based Criterium Energy is set to acquire Mont D’Or Petroleum Limited (MOPL), which has oil and gas assets in Indonesia, Criterium said in a press release. MOPL has operating interests in two production sharing contracts (PSCs) in Tungkal, located in southern Sumatra, and West Salawati, located in southwestern Papua. The Tungkal PSC produces 1,030 barrels per day (bpd) and contains proven and probable reserves of 4.6 million barrels, while the West Salawati PSC produces 20 bpd and contains proven and probable reserves of 100,000 barrels per day, the statement said. PSCs are contracts signed between a government and a resource…
The North Atlantic Treaty Organization (NATO) has agreed to establish a center to protect critical underwater infrastructure such as oil pipelines, citing risks of attack by Russia. The Maritime Center for the Security of Undersea Critical Infrastructure will be set up in London “to bring together different allies to share information, to share best practices and to be able to react if something abnormal happens,” NATO’s secretary general said, Jens Stoltenberg, at a press conference. Friday after a meeting of coalition defense ministers in Brussels. While not explicitly blaming Russia for last year’s apparent sabotage of Nord Stream, NATO has…
It took a while, but Enbridge and carriers on its 3.2 MMb/d mainline system have finally reached an agreement in principle on a new toll deal that will lower per-barrel rates on the crude oil pipeline network between the western Canada and the USA. Midwest, and will also help ensure that Enbridge gets a good rate of return on its largest asset. Assuming the Main Line Toll Agreement (MTA) is approved by Canadian regulators later this year (and that seems to be a safe bet), the new fare structure should also help the line system primary to retain the vast…
The Pakistan Oil and Gas Development Company (OGDCL) has started production at the Wali (Bettani) oil and gas field in Khyber Pakhtunkhwa province, the company said in a press release. OGDCL said it projects production of 10 million cubic feet per day (MMcfd) of natural gas as well as 1000 barrels of oil per day. The company has a 100 percent stake in the oil and gas field. OGDCL plans to drill two additional wells, Wali Deep #1 and Wali #02, in the coming months. The new wells will increase the field’s production to 50 MMcfd and 3,000 barrels of…
Varo Energy is acquiring Renewable Energy Services BV (RES), a biogas marketing company, in a move that “strengthens Varo’s position in Europe” by integrating its feedstock aggregation and manufacturing, the company said in a press release . The transaction is expected to be completed in the third quarter of 2023, subject to approval by relevant authorities, Varo said. The sale price was not disclosed. Varo said the acquisition adds a commercial capacity of one terawatt-hour of biogas and green certificates per year, equivalent to the greenhouse gas emissions of 100,000 European households. The deal also enhances the company’s ability to…
Energy intelligence and data provider TGS has unveiled its cloud-based analytics platform, Well Data Analytics. The analytics tool, according to TGS, is a comprehensive solution for benchmarking, predicting and optimizing well performance, “all while ensuring the highest quality and accuracy of data.” Well Data Analytics brings together the industry’s largest underground data library, powerful visualization and advanced analytics, TGS said in its statement. The app offers users a streamlined and intuitive experience that improves productivity in their operations, he added. Leveraging TGS’ extensive data portfolio, spanning all major US basins, this platform provides access to highly competitive well data in…
UK Labor Party leader Keir Starmer made a statement to Scottish voters, pledging to create tens of thousands of clean energy jobs as he unveiled plans to make the UK an “energy superpower net” by 2030. Britain’s main opposition party is to set up a public clean energy generation company, Great British Energy, in Scotland as part of plans to create half a million jobs in the UK, including 50,000 north of the border , Starmer said in a speech on Monday. in the Scottish capital, Edinburgh. Starmer is trying to shore up his party’s green credentials while capitalizing on…