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BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

Azule Energy, the operator of Block 1/14, has announced a gas discovery at the Gajajeira-01 exploration well, located in the Lower Congo Basin in Angola’s waters. So far, Angola has focused on recovering its oil production, which peaked in 2008 at 2 million barrels per day (bpd).

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

2),” Eurostat, accessed June 2024; “Employment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. “Gross value added and income by detailed industry (NACE Rev.2),” Mtpa, COD 2022).

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Productivity at the core: How COOs deliver strategy

McKinsey

Every chief operating officer (COO) knows this simple truth: Delivering the company’s strategy isn’t just part of the job—it is the job. Since the 2008 global financial crisis, global productivity growth has largely declined around the world. Productivity, like so much else in operations, is a matter of strategic prioritization.

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What Wasn’t Printed: The Strong Case for PA’s Natural Gas Future

Marcellus Shale Coalition

At the same time, natural gas has saved Pennsylvania consumers and families billions in home energy costs – nearly $10 billion just last year compared to pre-Marcellus prices in 2008. Reliable electricity is not a part-time job or a “nice to have,” and we’re already hearing power grid operators sound the alarm about reliability risks.

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How Close Did Iran Come to Shutting Strait of Hormuz?

Rigzone

and with the support of others who need the Strait to remain open), it could be an up to three month operation in the worst case,” Morse warned. Whatever it would be, that number would probably be higher than what might be required - as was the case in July 2008 when Brent hit ~$147 a barrel,” he noted.

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CME Group’s Sammann optimistic amid market volatility

SmartBrief

And the so what is so customers are adapting, and customers are responding, as I said, very differently than post 2020, and post 2008 2009 they’re responding with known, deterministic market regulatory behavior on exchanges. But you have to then ask the question, disruptive commodities markets. What’s really encouraging?

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Saudi’s Advanced Petchems Slumps To Rare Loss

Mees

Buffeted by industry headwinds, Advanced Petrochemicals slipped to a $69mn loss in 2024, its first such loss since it started operations in 2008 (see chart).