Sun.Mar 23, 2025

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BASF Commissions Electrolyzer for Major German Hydrogen Production Project

POWER Magazine

German multinational chemical company BASF has commissioned that country's largest proton exchange membrane (PEM) electrolyzer. The company said the 54-MW facility will have an annual capacity of as much as 8,000 metric tons of hydrogen. The post BASF Commissions Electrolyzer for Major German Hydrogen Production Project appeared first on POWER Magazine.

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New Oil Projects Set to Flood Market in 2025

OilPrice

This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the giant Tengiz field in the Kazakh section of the Caspian Seaone of the largest oil discoveries in modern timesand the Bacalhau field in Brazil, which has an estimated potential of 1 billion barrels of oil equ

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Meeting French billionaire entrepreneur Mohed Altrad

Oilholics Synonymous Report

Mohed Altrad (left), French entrepreneur and founder of multinational services and equipment firm Altrad Group, with Gaurav Sharma, Energy Analyst, Oilholics Synonymous, at Altrad Sparrows training centre in Tyrebagger, Scotland, UK. Earlier this month, the Oilholic headed some 550 miles north from London to Tyrebagger Hill, on the outskirts of the UK's energy capital Aberdeen, for a very special meeting with an extraordinary entrepreneur - none other than Scaffolding King Mohed Altrad.

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Tech Giants to Play a Pivotal Role in Energy as AI Demand Soars

OilPrice

Just a few years ago energy experts may have thought that growth in the global energy demand would be driven by population growth and industrialisation. However, over the past couple of years, it has become clear that energy demand will likely be driven by tech. Many tech companies have begun to roll out complex technologies, such as artificial intelligence (AI) and machine learning, and the global response has been unprecedented.

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Iraq Seeks Floating Gas Terminals to Bridge Power Gap

Rigzone

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC's second-biggest producer tries to address power shortages caused by a U.S. move against Iran.

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Gold Reaches Unprecedented Highs Amid Global Uncertainty

OilPrice

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) moved sideways month-over-month, rising a slight 2.69%. Many precious metals prices saw dynamic shifts from February to March. Gold raced toward historic highs amid elevated tariff uncertainty and bets on the U.S. Federal Reserve policy easing. Meanwhile, silver also climbed to multi-month highs on safe-haven demand and industrial strength and platinum edged upward on supply concerns.

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Oman Launches Bid Round for Oil and Gas Exploration

Egypt Oil & Gas

Omans Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production. Salah bin Hafiz Al-Dhahab, Director General of Investment at the Ministry of Energy and Minerals, stated to Oman News Agency, that the bid includes blocks 18, 36, 43 and 66. He added that applying to these areas is opened until June.

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Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project

Egypt Oil & Gas

Shell Brasil Petrleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pr-Sal Petrleo S.A.

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Abastible Secures Renewable Power Supply from Zelestra

Rigzone

'This agreement with Zelestra reinforces our position as a relevant player in the commercialization of renewable electricity in Chile'.

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Multiple Nuclear Reactors Are on the Road to Restarts

Energy Central

DOE Loans Holtec $57M to Restart Palisades NextEra Energy Follows Constellation; Files with Regulators to Restart Duane Arnold Santee Cooper Seeks Proposals to Complete Abandoned V C Summer plant Small Modular Reactors Considered for Site of Kewaunee Nuclear Plant Urenco to Supply HALEU Fuel for Westinghouse eVinci Microreactor EDF in Line for State Loan to Build Six New Reactors.

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ANGOLA: Xuan Thien Group to Explore Oil and Gas in the Etosha/Okavango basin

Oil News Africa

On March 17, 2025, in the capital Luanda (Angola), Xuan Thien Group and the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG) signed a joint research investment project to … Read More The post ANGOLA: Xuan Thien Group to Explore Oil and Gas in the Etosha/Okavango basin appeared first on oilnewsafrica.

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Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks

BOE Report

Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Brent crude futures were down 8 cents, or 0.1%, at $72.08 a barrel by 0046 GMT. U.S.

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Madbouly, Badawi Review Upstream Activities, Mining Development, Investment Plans for Coming Period

Egypt Oil & Gas

Prime Minister Mostafa Madbouly held a meeting to discuss various industry-related matters of significant importance with the Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Finance Ahmed Kouchouk, and other Egyptian officials. The meeting touched on important topics, including efforts to meet local needs for petroleum materials through production and exploration activities, maximizing the utilization of petroleum resources to create added value for the national economy, as

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From Chaos to Consistency: How ITPs Reshape Construction Quality

FTQ360

In construction, unexpected issues on the jobsite can quickly derail even the best-laid plans. You may start the week with a detailed schedule, only to discover on Tuesday that a subcontractor missed a crucial inspection - or that nobody realized certain hold points were mandatory.

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Iran Completes Drilling Operations at Bibi Hakimeh Field

Egypt Oil & Gas

A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21). The operations started last year and completed in 58 days using the Fath 86 drilling rig. The well was handed over to the client for production. This well is the first one completed and delivered for production in the new year by the National Iranian Drilling Company’s fleet.

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The climate indicator banks are facing rising pressure to report

BOE Report

TORONTO – When Canadas big banks left the Net Zero Banking Alliance earlier this year, they assured they could push on reducing emissions without the help of the international climate coalition launched in 2021 by Mark Carney, now Canada’s prime minister. But as hostility towards climate action ramps up in the U.S.

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Heat Exchanger: Efficient Heat Transfer for Various Industries

PetroSync

Heat exchanger are critical components in many industries, increasing efficiency and thermal performance. By transporting heat between fluids, they aid in the optimization of heating, cooling, and even energy recovery operations. This makes them essential in industries including oil and gas, petrochemicals, HVAC, and power generation. In todays world, where energy conservation and efficiency are [.

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Is Rubio's Venezuela Gambit Undermining Trump's Foreign Policy Plan?

OilPrice

While talks to end the Ukraine war dominate headlines, a crucial foreign policy shift is unfolding much closer to homeone with major implications for working Americans. At the heart of this shift is Secretary of State Marco Rubio, whose neoconservative approach to Venezuela threatens to undermine US strategic interests. By contrast, President Trumps instincts on Venezuela have been sound so far.

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API 571 Certification: Master Corrosion and Damage

PetroSync

Oil and gas, petrochemical, and energy industries all require high levels of equipment reliability. Understanding the damage mechanisms that affect equipment improves the integrity of refining processes. Here is where API 571 certification comes into play. This qualification equips professionals with the knowledge needed to identify and control various damage processes, hence saving valuable assets. [.

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As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

CNBC: Energy

Binance, the once embattled cryptocurrency exchange, is now navigating a dramatically friendlier political landscape under President Donald Trump.

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API 571: Latest Edition on Refinery Damage Mechanisms

PetroSync

The refining business typically faces issues associated with equipment wear and tear caused by numerous degradation processes. When not addressed effectively, these concerns can result in expensive maintenance costs, operational disruptions, and potential safety hazards. Engineers, inspectors, and maintenance teams must have a thorough understanding of these damage mechanisms in order to ensure the reliability [.

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Renewable Energy Fights for Relevance in Trump's America

OilPrice

Since coming into power, U.S. President Donald Trump has made his intention to pivot away from green energy in favour of fossil fuels clear. During his first month in office, he signed executive orders aimed at boosting U.S. oil and gas production and exports by declaring a national energy emergency, removing regulatory barriers, and expediting permitting approval for oil and gas projects.

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API 571 Exam: Essential Guide for Oil & Gas Professionals

PetroSync

If you’re getting ready for the API 571 exam, you’re taking a big step toward advancing your career. This exam is important in the field of asset integrity management, and preparing for it is essential. In this article, we’ll provide you with simple and clear advice to help you succeed in the API 571. Let’s [.] The post API 571 Exam: Essential Guide for Oil & Gas Professionals appeared first on PetroSync Blog.

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