Latest news in oil and gas sector

Here are some of the latest news and updates in the oil and gas sector:

Global Oil Market

• OPEC+ agrees to increase oil production by 400,000 barrels per day (bpd) in July, amid concerns over rising global demand and tight supplies. (Source: Reuters)
• The International Energy Agency (IEA) warns that the global oil market is facing a "perfect storm" of supply disruptions, high demand, and low inventories, which could lead to a price surge. (Source: Bloomberg)

Company News

• ExxonMobil announces a significant discovery of oil and natural gas in the Stabroek Block offshore Guyana, which could add up to 750 million barrels of oil equivalent to its reserves. (Source: ExxonMobil)
• Chevron announces a major discovery of oil and natural gas in the Permian Basin in Texas, which could add up to 1 billion barrels of oil equivalent to its reserves. (Source: Chevron)
• Royal Dutch Shell announces plans to cut its carbon footprint by 20% by 2035, as part of its efforts to reduce its environmental impact. (Source: Shell)

Regulatory Updates

• The US Environmental Protection Agency (EPA) proposes new rules to reduce methane emissions from oil and gas operations, which could lead to significant reductions in greenhouse gas emissions. (Source: EPA)
• The European Union proposes new rules to reduce carbon emissions from the oil and gas sector, which could lead to significant investments in low-carbon technologies. (Source: EU)

Technology and Innovation

• A new study suggests that carbon capture and storage (CCS) technology could play a crucial role in reducing emissions from the oil and gas sector, by capturing up to 90% of emissions. (Source: Nature)
• A new startup, Carbon Engineering, announces plans to commercialize a technology that captures CO2 from the air and converts it into low-carbon fuels. (Source: Carbon Engineering)

Mergers and Acquisitions

• Occidental Petroleum announces plans to acquire Anadarko Petroleum for $38 billion, in a deal that would create one of the largest oil and gas companies in the world. (Source: Occidental Petroleum)
• Chevron announces plans to acquire Anadarko Petroleum's assets in the Permian Basin for $9.5 billion. (Source: Chevron)

Environmental Concerns

• A new report suggests that the oil and gas sector is responsible for up to 15% of global greenhouse gas emissions, and that urgent action is needed to reduce emissions. (Source: Carbon Tracker Initiative)
• A new study suggests that oil and gas operations are responsible for significant environmental damage, including water pollution and habitat destruction. (Source: Environmental Defense Fund)

These are just a few of the latest news and updates in the oil and gas sector. The industry is constantly evolving, with new technologies, regulations, and market trends shaping the future of energy production and consumption.