Page 60 - எண்ணெய் மற்றும் வாயு பெட்ரோலியம் செய்தி நிகழ்வுகள் கதைகள் கட்டுரைகள் பகுப்பாய்வு வர்ணனை தலைப்புச் செய்திகள் ஸ்டாக்ஸ் நிதி பொருட்கள் வரைபடங்கள் படங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Baker Hughes reported the total number of rotary drilling rigs operating in the United States grew by seven this week.
Baker Hughes Co. (NYSE: BKR) on Friday reported the total number of rotary drilling rigs operating in the United States hit 439 this week – a seven-unit week-on-week increase.
The most recent U.S. rig count reflects a seven-unit increase in oil rigs (to 344), a one-unit increase in gas rigs (to 94), and a one-unit drop in the number of miscellaneous rigs (to one), Baker Hughes stated.
Compared to the corresponding period in 2020, the total U.S. count is down 90 rigs, the service company continued. It noted that 94 more oil rigs, five fewer gas rigs, and one more miscellaneous rig were operating a year ago.
EQT Corp. is calling for stricter caps on methane leaks from natural gas wells.
(Bloomberg) EQT Corp. is calling for stricter caps on methane leaks from natural gas wells after the Trump administration relaxed the rules in a bid to boost the domestic energy industry.
EQT, which pumps more gas than any other driller in the U.S., is supporting Congressional resolutions condemning last year’s rollback of Obama-era limits on emissions from new oil and gas wells, according to a statement on Thursday. Hours earlier, the Pittsburgh-based explorer unveiled plans to obtain third-party certification of the so-called responsible sourcing for most of its output.
More recently, Petrolern LLC – an Atlanta-based service and technology firm specializing in subsurface engineering and downhole tools – has advanced another idea: repurpose some of the orphaned oil and gas wells to produce geothermal energy. The company has developed a system called “ConvertDeck” that it maintains efficiently evaluates large numbers of orphaned wells to determine which are likely good candidates for geothermal conversion.
“Geothermal energy has up to now been a small contributor to U.S. and global energy,” Alan J. Cohen, technology partnerships director with Petrolern, told Rigzone, adding the resource has primarily been exploited in high-temperature volcanic belts in certain regions of the globe. “Drilling new geothermal wells is very expensive and can be up to 50% of the total project cost. Repurposing lower-temperature oil industry wells in sedimentary formations provides a valuable new source of geothermal energy.”
Oil is heading for the biggest weekly gain since early March on optimism the recovery in demand from the Covid-19 pandemic is improving.
(Bloomberg) Oil is heading for the biggest weekly gain since early March on optimism the recovery in demand from the Covid-19 pandemic is improving.
Futures in New York rose on Friday and are up more than 7% this week. China’s economy soared in the first quarter, while industrial output and crude refining climbed in March from a year earlier. The rebound in the U.S. is accelerating, with data the past couple of days showing jobless claims falling to a new pandemic-era low, and retail sales and gasoline demand expanding.
Wood Mackenzie has highlighted that under its Accelerated Energy Transition Scenario (AET-2), oil demand will drop significantly, and with it, oil prices.
Wood Mackenzie has highlighted that under its Accelerated Energy Transition Scenario (AET-2), oil demand will drop significantly, and with it, oil prices.
Within the company’s AET-2 scenario, oil demand begins to drop in 2023. Soon after, the company says the decline accelerates to year on year falls of two million barrels per day, reducing demand to about 35 million barrels per day by 2050. Consequently, by 2030 Wood Mackenzie said it would expect Brent crude prices to average $40 per barrel, down from the $60 to $70 per barrel range the industry is experiencing currently. By 2050, Brent may slide to between $10 and $18 per barrel, Wood Mackenzie outlined.