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Oil And Gas Operations

All articles tagged with #oil and gas operations

environment-technology1 year ago

"Google and EDF Partner to Track Global Methane Emissions from Space"

Google and the Environmental Defense Fund have announced a partnership to use AI and a new satellite, MethaneSAT, to detect and expose sources of methane emissions from oil and gas operations. The satellite, launching next month, will monitor methane emissions globally and its data will be processed using Google Cloud. The information will be made available through Google Earth Engine, providing valuable insights for energy companies, researchers, and the public sector to anticipate and mitigate methane emissions. This initiative comes as governments are taking steps to reduce methane leaks, with the United States proposing mandatory measures to address the issue.

energy2 years ago

Civitas Resources to Expand into Permian with $5 Billion Deal.

Civitas Resources is close to acquiring oil and gas operations in the Permian basin from NGP Energy Capital Management for nearly $5 billion, including debt. The deal would expand Civitas' operations beyond Colorado's Denver-Julesburg basin into the lucrative Permian basin in Texas and New Mexico. Civitas plans to fund the deal using a mixture of cash and newly-issued shares. If negotiations conclude successfully, an agreement could be announced as early as Tuesday.