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Oil & Gas
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1/24/2022

The total tonnage that moved through the Port of Corpus Christi in Texas increased 4.7% year over year to a record 184.4 million short tons in 2021, driven by 81.2% growth in liquefied natural gas shipments to 17.3 million short tons, the port said. Crude oil exports from the port also rose slightly from 2020 levels to a record 1.76 million barrels per day on average.

1/24/2022

The US produced 77.14 quadrillion British thermal units of fossil fuels in 2021, up 2% from 2020, and volumes are on track to hit a fresh record in 2023 as the upward momentum is sustained, according to the Energy Information Administration. US dry gas, crude oil and natural gas plant liquids production is expected to increase by 2%, 5% and 4%, respectively, in 2023, after anticipated gains of 3%, 6% and 9% in 2022.

1/24/2022

The House Oversight Committee is calling board members of ExxonMobil, Chevron, Shell and BP to testify at a Feb. 8 hearing, the second appearance the industry is set to make before the panel as part of an investigation into its public information campaign about climate change. "One of the reasons we want the board of directors to testify is we want to ensure that they and the companies are being accurate about the climate pledges and they're actually taking action consistent with those pledges," said US Rep. Ro Khanna, D-Calif., chair of the panel's environment subcommittee.

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Reuters, CNN
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Shell
1/24/2022

Feed gas flows to Venture Global's Calcasieu Pass liquefied natural gas export facility in Louisiana have jumped to 88 million cubic feet per day on Friday, up from roughly 38 MMcf/d the week before, Refinitiv data show, signaling that first LNG production could begin soon. The facility is expected to begin commercial operations later this year.

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Reuters
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Venture Global
1/24/2022

The US oil and natural gas rig count edged up by three to 604 last week, as drillers idled one oil rig and added four gas rigs, Baker Hughes reported. However, as the backlog of drilled but uncompleted wells is consumed, "rig activity across the five largest U.S. oil plays would need to increase by (about) 12 weekly over next eight weeks to reach a sustainable plateau to hold current oil volumes in 2022," analysts at Mizuho said.

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Reuters
1/24/2022

The increasing number of satellites and their new technologies are providing detailed data and images from volcanic eruptions, including the explosive Jan. 15 outburst of the Hunga Tonga-Hunga Ha'apai volcano off Tonga's coast in the southern Pacific, researchers say. The satellites help scientists observe activity such as the scale of eruptions in remote areas, the spread of volcanic ash and changes in terrain.

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Space
1/24/2022

Oil production in Argentina last month reached the highest level since October 2012 as output jumped in the Vaca Muerta shale formation, officials said. The country produced 559,000 barrels of oil per day and 129 million cubic meters of natural gas per day in December.

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Reuters
1/24/2022

Images taken since 2006 by NASA's Mars Reconnaissance Orbiter show boulder tracks that may indicate rockfalls caused by recent seismic activity on Mars, researchers say. About a third of the 4,500 tracks were formed in the last 16 years, based on scientists' review of images.

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The New York Times
1/24/2022

Oman's Samail Ophiolite, a piece of oceanic crust and mantle that resulted from ancient obduction, likely formed between 77 million and 81 million years ago, according to a new study, which disputes previous estimates of 110 million years ago. Scientists used radiometric dating to determine the age of garnet, zircon and rutile crystals in continental metamorphic rocks from an Omani beach.

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Eos
1/24/2022

Saturn's moon Mimas may be hiding an ocean underneath its thick, icy surface, a study in Icarus suggests. Researchers created a model to see what might be causing the moon's unusual wobble, and it showed that a subsurface ocean under about 23 to 32 kilometers of ice could be the reason.

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Mashable