Remove 2030 Remove Petroleum Remove Pipeline
article thumbnail

Middle East Conflict Jolts Energy Markets

Enverus

Strategic Petroleum Reserve is depleted by 200 million barrels to 2021. This shift could bolster arguments for increased investment in Canadian oil infrastructure, including pipelines. Israel’s military strikes in Iran have reminded traders that Middle Eastern oil supplies are not risk-free.

Energy 130
article thumbnail

Egyptian-Chinese JV Established for First Phase of Red Sea Petrochemicals Complex in Ain Sokhna

Egypt Oil & Gas

CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. The agreement was signed between the Red Sea National Petrochemicals Company, China National Chemical Engineering Co.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Egypt Gas Strengthens Regional Presence in 2024, Plans 15% Annual Growth

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.

Gas 66
article thumbnail

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2030 and 2031. HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. Capital expenditures are expected to average $0.9 $1.0

BBL 130
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

The company signed a collaboration agreement with Jiangsu Juxin Petroleum Steel Pipe, with the long-term aim to establish fabrication facilities in the UAE for metallic pipes to be primarily used in the dredging sector.

article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 It is part of a broader buildout, including two new pipelines and a 319-acre tank farm. GW capacity.

Energy 52
article thumbnail

Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. That was formed in 1977 under the name National Nigeria Petroleum Company. OPEC commitments The attacks on pipelines and terminals have dropped but so has oil production.

Oil 52