Tag: Production

Texas oil and gas production statistics for March 2024

Jun. 7—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for March 2024 came from 163,674 oil wells and 84,739 gas wells, a press release detailed. The RRC reports that preliminary total Texas reported production for March 2024 was approximately 121 million barrels of crude […]

‘Ready for immediate mass production’

A Chinese battery manufacturer has developed superfast charging cells — and it’s not industry leader CATL. Gotion High-Tech, a rival of China’s best-known and most successful developer of electric vehicle and other batteries, announced two batteries that can be rapidly charged plus new solid-state technology at its annual conference, Emerging Technology News reported. One of […]

Oil falls 3% on OPEC production cut as demand worries surface

Oil prices fell as much as 3.5% on Monday following OPEC+’s decision to start unwinding some voluntary cuts earlier than anticipated amid recent softness in oil prices and demand concerns heading into 2025. West Texas Intermediate (CL=F) futures slid to below $75 per barrel, while Brent (BZ=F), the international benchmark price, was hovering around $78.60 […]

Toyota S-FR concept reportedly gets green light for production

Enthusiasts wouldn’t give up talk about a resurrected Toyota Supra, so Toyota made one. With BMW deciding to end BMW Z4 production in March 2026, we might have to wait until late 2025 to know what Toyota plans for the sports car it builds atop the Z4‘s chassis. Enthusiasts also haven’t given up talking about […]

FAA says it doesn’t ‘have a timeframe’ for when Boeing will be allowed to increase production of its 737 Max planes again

The FAA conducted a three-hour meeting with Boeing leaders to address safety and quality issues. The FAA doesn’t “have a timeframe” for when Boeing can increase production of 737 Max planes. An investigation into Boeing manufacturing began after an Alaska Airlines door plug detached mid-flight. Boeing won’t be expanding its fleet of its 737 Max planes […]