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Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the
Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen.
Iran is boosting natural gas production from Phase 11 of the giant South Pars field after bringing online a key new well, Iranian media reported on Tuesday. Thus, the total natural gas output at the giant South Pars field has reached 20 mcm/d.
Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2 Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate.
When completed in […] The post Green Light for Second Geothermal Power Project in Kenya’s Menengai Field appeared first on POWER Magazine. (GDC) are readying to launch construction of the 35-MW Menengai II geothermal project in Kenya’s Nakuru County.
The post Autocar Starts Field Testing for E-ACX Electric Refuse Trucks appeared first on NGT News. The two E-ACX electric cabover refuse trucks, also known as battery-powered electric vehicles (BEV), are going through a strict validation testing process to ensure the trucks are built to handle the same challenges and […].
Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.
Centrica has announced plans to sell off a big chunk of its holding in the Cygnus gas field in the southern North Sea. Cygnus is one of the largest gas fields in the UK section The deal will see Spirit Energy a subsidiary of Centrica offload its 46.25 per cent stake in the site for around 215m to Ithaca Energy.
Across the globe operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects instead of expensive, high-risk exploration plays.
News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. When field services and customer service come together successfully, theres no telling what might happen.
British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed.
Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. fields are already on shaky ground. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S.
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 equivalent. But only if the price is right.
Renewable energy sources now make up about 30% of the world’s generated power and are set to more […] The post Converged Field Area Networks: Modernizing the Grid for a Sustainable Future appeared first on POWER Magazine. We’ve come a long way since the first waterwheel in 200 BC.
The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
Located approximately 100 kilometers north of the Snhvit field, Castberg is now the second operational oilfield in Norways Barents Sea, following Vr Energi's Goliat field, which began production in 2016. The Johan Castberg field is based on three key
(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. Calgary, Canada – September 21, 2012: BP’s Canadian head office in Calgary Alberta. Mohammed Shia’ Al Sudani, H.E.
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd.
Crossing into the Photovoltaic Field! A State-owned Enterprise Invests 850 Million Yuan in a GW-level N-type High-efficiency Battery Project AccordingtoWechatOfficialAccount@solarbe2005,onMay12,theEcologicalEnvironmentBureauofFuyangCity,AnhuiProvinceissuedanacceptancenoticeregardingthe"Envi.
TotalEnergies is expected to submit this summer a field development plan for the Venus project, while BW Energy and Namibia are finalizing a plan to develop a smaller discovery, Maggy Shino, Petroleum Commissioner at the Namibian Ministry of Mines and Energy, said on Tuesday.
The lithium iron phosphate market share continues to grow, and demand in the energy storage field will exceed 1,000GWh Asdestockinggraduallycomestoanend,theprosperityofthelithiumironphosphateindustryisexpectedtofurtherimprove.GuotaiJunansaidthatlithiumbatteryisasectorw.
Pittsburgh International Airport, in partnership with Duquesne Light Company (DLC) and IMG Energy Solutions, a Liberty Energy company, on April 29 announced an expansion of a solar field as part of the airports energy innovation plans.
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost natural gas production from fields in the Gippsland Basin offshore southeastern Australia.
While some operations are under threat due to the introduction of sanctions on neighbouring Venezuela, the government hopes to expand several of the countrys oil and gas fields in the coming years. Trinidad and Tobago has long
Imagine a field of solar panels floating silently in the endless day of Earths orbit. Unlike their terrestrial cousins, this space-based solar array never faces nighttime, clouds, or atmospheric interference. […] The post Space-Based Solar Power: The Future of 24/7 Clean Energy Generation appeared first on POWER Magazine.
Following our report earlier thatSaudi Arabia has declared a new price waron OPEC+ quota-busters such as Kazakhstan, and non OPEC+ members such as US shale producers, today after the close Diamondback Energy, the largest independent oil producer in the Permian Basin, made a historic pronouncement today when it said thatproduction has likely peaked (..)
Canada-based oil and gas company Valeura Energy has taken a final investment decision (FID) to redevelop the Wassana oil field in Thailands Gulf, committing $120
The key fields contributing to the increase include Pasakhi/Pasakhi North East, Rajian, Kunar, Sono, Thora, Jhandial, and Lashari Centre, according to a report by Arif Habib Limited cited by Pakistani media.
has pledged to achieve net-zero emissions by 2050, a goal that presents both challenges and opportunities in the field of […] The post Advancing Ceramic Matrix Composites and Environmental Barrier Coatings for Hydrogen Turbines: Challenges and Opportunities appeared first on POWER Magazine.
Doug Field was named chief advanced product development and technology officer. Ford Motor Co. has made key leadership changes to support the development of electric vehicles (EV) at scale, strengthen its internal combustion product line and transform the company’s global supply chain management.
Eni has started gas production from the Merakes East field in the Kutei Basin offshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block
Operations at Saudi Arabias Jafurah shale gas field the countrys largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. will begin this year, according to a comment last week from Saudi Aramcos president and chief executive officer, Amin Nasser.
Expand’s Shannon Fields OHI #3H well, located in Ohio County, WV, has a 29,687-ft lateral. Hart Energy reports that Expand Energy, formed by the combination of Chesapeake Energy and Southwestern Energy, drilled a massive 5.6-mile mile lateral in northern West Virginias dry-gas Uticaand it was drilled in five days with just one bit run.
All others are looking to make the best out of existing infrastructure and explore and drill in well-developed areas close to producing fields and platforms to take advantage of the lower costs for exploration and development. Since conventional
The field, discovered back in 2018, sits about 160 miles southeast of New Orleans and is now officially flowing oil through a tieback to Chevrons existing Blind Faith platform, cutting down costs and time in a significant victory for Big Oil in this volatile oil price landscape.
The Council of Ministers has approved an accelerated plan to develop the Akkas gas field in Anbar as part of the government's strategy to advance the oil and gas sector. The field is expected to produce 100 million standard cubic feet of gas per day within one year.
Rosatom, the Russian state-controlled nuclear entity, holds commanding field position in the decarbonized power sector, which allows the Kremlin to punch far above While the war in Ukraine may have ground to a stalemate amid a halting search for a ceasefire, Russia is clearly winning the fight over nuclear energy at least for now.
The field has secured 80m more in European Space Agency (ESA) contracts than government contributions in late 2024, the highest return for any ESA member state. Science secretary Peter Kyle has hailed the UK space sectors recent achievement as proof that the UK is a launchpad for innovation and investment.
(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. There is a need for oil and gas upstream investments, full stop, Birol added.
Iraqs Council of Ministers last week approved the final version of BPs US$25 billion+ contract with the Oil Ministry to develop the Kirkuk oil fields of Baba and Avana, and the neighbouring sites of Bai Hassan, Jumboor and Khabaz.
Asia-Pacific focused oil and gas company Jadestone Energy has submitted a field development plan (FDP) for the Nam Du/U Minh (NDUM) discoveries offshore southwest Vietnam to Petrovietnam
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