According to the International Energy Agency (IEA), heat makes up two-thirds of industrial energy demand, and almost one-fifth of global energy consumption – meaning the ways used to produce and deliver it are consequential in terms of emissions reduction. With that in mind, efforts are being made to supply the tools and technologies that will […]
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(Bloomberg) — One of Nigeria’s wealthiest families funded the state energy company’s purchase of oil blocks from Chevron Corp., offering an insight into how the firm could back its ambitious expansion plans. A subsidiary of MRS Holdings Ltd provided the Nigerian National Petroleum Co. $300 million to buy two shallow-water licenses divested by Chevron, according […]
(Bloomberg) — TotalEnergies SE has applied for environmental authorization toward developing its gas discoveries offshore South Africa. The move forms part of a production right application in Block 11B/12B, which is available for public comment, according a draft scoping report published online. Development of the block could potentially revive state-owned PetroSA’s 45,000-barrel-a-day Mossel Bay gas-to-liquids plant, […]
Description As the main approach for improving the overall performance of asphalt pavements, the modification of base bituminous binders has been applied in asphalt pavement engineering for over 70 years. The need for such modification was prompted mainly due to the limitations of conventional asphalt binders produced from crude petroleum. The performance of asphalt mixtures […]
(WO) — UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday presided over the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors, in his capacity as its chairman. During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 […]
(Bloomberg) — Iraq, OPEC’s second largest producer, plans to start increasing oil export capacity from its southern ports from next year to add a total of 1 million to 1.5 million barrels a day by 2025, according to its OPEC delegate. The project involves rehabilitating the southern Khor Al-Amaya port and marine pipelines, Mohammed Saadoon, […]
(Bloomberg) — TotalEnergies SE is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could result in an additional nine wells depending on the success of the first, SLR Consulting Ltd., which is doing the environmental assessment, […]
SLB announced on Wednesday that is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources. This announcement follows the completion of an extensive project to evaluate data from more than 7,000 oil, gas and water wells, with the […]
(Bloomberg) — Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, people familiar with the matter said. The Public Investment Fund is looking to hire investment banks […]
(Bloomberg) – The US slashed its forecast for 2023 oil production in the latest sign that world crude markets can’t rely on American shale fields to ramp up supply quickly enough to reduce high energy prices over the next year. Production is now estimated to hit 12.31 million barrels a day in 2023, according to […]