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Driven by significant gains in well productivity, advancements in drilling and completion technologies, and the development of critical pipeline infrastructure, the Permian region is expected to play a pivotal role in boosting national output. This report delves into the factors underpinning this growth, offering insights into how the Permian is poised to sustain and even accelerate its contribution to U.S. energy production through 2025. https://lnkd.in/gzVB_7_p

In this week's #OilandGas top stories: Most of the approved investments for exploration, evaluation and development in Mexico’s oil and gas sector come from deepwater projects. This and more in your weekly roundup! #MexicoBusinessNews #MexicoOilandGas

Petroleum pipelines The global network of petroleum pipelines forms a crucial part of the world's energy infrastructure, transporting vast quantities of oil and gas across great distances. Among the nations with the most extensive pipeline systems, five countries stand out for their impressive networks. The United States leads the pack with the world's largest network of petroleum pipelines. Spanning thousands of miles, this intricate web connects oil fields, refineries, and distribution centers across the country. The extensive network reflects America's position as one of the world's largest oil producers and consumers, with pipelines crisscrossing the nation from Alaska to the Gulf Coast. Russia, another major player in the global oil industry, boasts the second-largest pipeline network. Its vast geography necessitates long-distance transportation of oil and gas from Siberian fields to population centers and export terminals. Notable pipelines like the Druzhba (Friendship) pipeline connect Russia to European markets. Canada ranks third, with an extensive network primarily focused on transporting oil from Alberta's oil sands to refineries and export terminals. The Trans Mountain and Keystone pipelines are significant components of this system, linking Canadian oil fields to domestic and U.S. markets. China, with its rapidly growing energy needs, has invested heavily in pipeline infrastructure. Its network includes both domestic pipelines and international projects like the Kazakhstan-China pipeline, reflecting the country's strategy to secure diverse energy sources. Rounding out the top five is Mexico, whose state-owned Pemex operates a substantial pipeline network. This system transports oil and gas from production sites in the Gulf of Mexico to refineries and distribution centers throughout the country. These five countries' extensive pipeline networks underscore their significant roles in global oil production, transportation, and consumption. As energy needs continue to evolve, these pipeline systems will likely adapt and expand to meet changing demands and market conditions. (written with AI assistance) #oil #petroleum #pipelines #markets

𝐁𝐫𝐚𝐳𝐢𝐥 𝐎𝐢𝐥 𝐚𝐧𝐝 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 According to the latest report by IMARC Group, Brazil oil and gas market size is projected to exhibit a growth rate (CAGR) of 3.33% during 2024-2032. The vast offshore oil and gas reserves in the country, favorable government policies and regulatory framework, increasing energy demand globally, and a commitment to cleaner energy sources represent some of the key factors driving the market. 𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gYCv_-sj 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬: The industry is witnessing a surge in deep-water exploration and production due to technological breakthroughs like FPSO units and advanced drilling techniques. This enables efficient extraction of deep-water reserves, driving market growth. ● 𝐏𝐨𝐥𝐢𝐜𝐲 𝐑𝐞𝐟𝐨𝐫𝐦𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: Supportive government policies, including relaxed local content requirements and flexible fiscal terms, are attracting international players. Investments in infrastructure, such as pipelines and refineries, are enhancing supply chain efficiency and bolstering market growth. ● 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: A growing focus on sustainability is driving the adoption of carbon capture and storage technologies and energy-efficient practices. Advanced technologies like AI and automation are optimizing operations, reducing costs, and improving safety. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gVVskQ8R #braziloilandgasmarket #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

New Mexico has rapidly emerged as a key player in the Permian Basin’s oil and gas production, driven by significant developments in Lea and Eddy counties. As companies tap into the Delaware Basin, New Mexico’s output has surged, solidifying its position as the second-largest oil-producing state in the U.S. However, while this growth has bolstered both the state’s economy and national energy security, challenges remain, particularly regarding the state’s stringent regulatory environment. Despite these hurdles, the region continues to attract investment, with Texas-based operators playing a significant role in supporting New Mexico’s energy production. https://lnkd.in/gmSR9jjR

88 Energy kicks off seismic programme onshore Namibia - Proactive Investors USA: 88 Energy kicks off seismic programme onshore Namibia  Proactive Investors USA

With one pipeline completed and three more expected, analysts foresee an upswing for the Permian Basin’s natural gas market. Bob Campbell reports for OA Online.   "TIPRO President Ed Longanecker says the market will remain volatile in 2025 with modest growth in production expected and a variety of factors influencing prices.   "'Overall, I remain bullish given the need for reliable and affordable energy to meet growing demand,' Longanecker said. 'Energy infrastructure also continues to expand in United States, which will expedite the delivery of our product to key markets here and abroad.'   "'That will accelerate further under the new presidential administration with much-needed reforms in the permitting process and a reversal of ill-conceived policy like the ban on new LNG export terminals.'" #energy #infrastructure #pipelines #pipelineconstruction #energysecurity #EnergyIndependence #lng #naturalgas #CriticalInfrastructure #natgas #pipeline #construction #energyindustry #APCA https://lnkd.in/d2i7e77V

Pantheon Resources Plc (PANR) has today revealed an expert opinion that determines the Ahpun ‘topsets’ resource, on the west side of the Dalton highway, can be economically developed. The Alaska-focused oil and gas company, in a statement, announced the results of an initial resource estimate for the western topset horizons in the Ahpun oil and gas field. Independent consultant Cawley Gillespie & Associates (CGA) estimated some 282.06 million barrels of contingent recoverable resources in the area. CGA estimated for the western topsets of the Ahpun field estimates a net present value of $1.74 billion, based on an Alaskan (ANS) crude price of $80 per barrel. More at #Proactive #ProactiveInvestors #pantheonresources #oildrilling #oilexploration #alaska http://ow.ly/nZqG105wl77

We are pleased to share a significant Contingent Resource update for Project Phoenix. New estimates for the SMD-B and SFS grow the total gross Contingent Resource (2C) to 378 million barrels of oil equivalent (MMBOE) for 239 MMBOE net entitlement to 88 Energy. Key highlights include: 🔹Resource Increase: Over a 50% increase in total Contingent Resources, including with an additional 128 MMBOE gross (2C) added from the SMD-B and SFS reservoirs, comprising; -      251 MMbbl (2C) gross hydrocarbon liquids (oil and NGLs) -      159 MMbbl (2C) net to 88 Energy. 🔹Multi-Reservoir Discovery: Project Phoenix is now confirmed as a robust multi-reservoir discovery, with estimates independently verified by global petroleum reserve and resource auditing authorities,  ERCE Australia and Netherland, Sewell & Associates. 🔹Strategic Location and Future Upside: Located on Alaskan State lands, adjacent to the Trans-Alaskan Pipeline and the Dalton Highway, the project is in prime position for future development. 🔹Premium Product: With 37-40° API gravity oil, the Resource includes a highly marketable light oil product, with significant potential for additional barrels from the other reservoirs, such as the Kuparuk, SMD-A, and SMD-C. 🔹 Advancement and Commercialisation : Planning for an extended horizontal well flow test for the SMD reservoir is in advanced stages and will leverage existing infrastructure at the Franklin Bluffs gravel pad. Concurrently, discussions with joint venture partner Burgundy Xploration could see Burgundy carrying 88 Energy’s share of the 2025/2026 work program. Our Managing Director, Ashley Gilbert, commented: “This additional Contingent Resource estimate reaffirms the substantial potential of Project Phoenix, with four independent reservoirs now confirmed as discoveries. The confirmation of a multi-hundred-million-barrel discovered oil and NGL resource is a major milestone for 88 Energy and its shareholders. Shareholders can look forward to more updates on our progress as we continue to mature and de-risk Project Phoenix towards a future potential commercialisation event.” Read the full announcement here: https://bit.ly/3Ba6XtJ #88Energy #ProjectPhoenix #Alaska #OilAndGas #EnergyDevelopment #ASX

Exciting News for the UK Oil and Gas Industry! The UK is set to see its first well spud of 2024 as Shell and Harbour Energy kick off activity. According to Westwood Global Energy, there were no exploration or appraisal wells active on the UK Continental Shelf (UKCS) as of 26 July 2024. In fact, only one well has been completed this year, with the 21/3d-9, Z, Y Leverett appraisal well, which spudded in 2023. The Valaris 123 jack-up rig has now mobilized to the Shell-operated 48/8b-3 Selene well location and is preparing to spud. The Selene well is targeting the Permian, Rotliegend Group, Leman Sandstone Formation in a low relief NW – SE trending horst block. This is a significant development as it signals the rejuvenation of exploration activities in the region. Joint venture partner Deltic Energy has quoted pre-drill resources for the Selene prospect, highlighting its potential. The Selene well is seen as a key opportunity to unlock additional resources and contribute to the energy security of the UK. The Permian, Rotliegend Group, Leman Sandstone Formation is known for its hydrocarbon potential, and success at Selene could open up further exploration opportunities in the area. This activity not only demonstrates the resilience and ongoing commitment of major players like Shell and Harbour Energy to the UKCS but also underscores the importance of continued investment in the sector. As the global energy landscape evolves, such exploration and appraisal activities are crucial for maintaining a balanced and secure energy mix. #OilAndGas #UKCS #Exploration #EnergySecurity #Shell #HarbourEnergy #DelticEnergy #Valaris123 #SeleneWell #PermianFormation #LemanSandstone #WestwoodGlobalEnergy