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The European Commission has proposed a major overhaul to its Russian oil price cap regime, introducing a floating benchmark tied to global crude prices in an effort to regain control over a sanctions tool that has lost impact as oil markets decline, Reuters reported on Thursday.
Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million barrels per day (bpd), down from 1.6
The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
The Methane Finance Working Group released guidance to 'deliver and deploy market-tested finance mechanisms that facilitate decarbonization across the oil and gas sector'.
(World Oil) – Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.
Yarborough Oil & Gas, LP , 705 S.W.3d Decades later, when oil companies began drilling, the successors of both the tax sale purchaser and the mineral interest owner claimed title, leading to this litigation. Oil and gas experts “have a proper (if confined) role” ( Id. Carrizo Oil & Gas, Inc. ,
Brazils Petrobras plans to return to Nigerias oil industry, to focus on deepwater exploration, Nigeria media have reported, citing a senior government official. We have not maximally capitalised on the fraternity between us and Brazil, but it is better late than never.
Image by vitacopS via iStock The European Commission rolled out Wednesday a mechanism for coordinated purchases of hydrogen, the first mechanism under the EU Energy and Raw Materials Platform. The online platform allows EU buyers to offer demand for biomethane, natural gas, hydrogen and raw materials.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.
According to a press release, the group pledged to develop a mechanism to assess the maximum sustainable production capacity (MSC) of member countries that will be used as reference for 2027 production baselines.
Image by J2R via iStock Eni SpA has inaugurated its first vegetable oil extraction plant in the Republic of the Congo, unlocking new feedstock capacity for its biorefineries. The facility in Loudima, in the southern part of the Central African country, can produce up to 30,000 metric tons a year of vegetable oil.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
According to Baker Hughes, its well abandonment portfolio includes technologies such as PRIME Powered Mechanical Applications, CICM (Casing Integrity and Cement Mapping), the MASTODON casing retrieval system, and the Xtreme SJI mechanical slotting tool. To contact the author, email andreson.n.paul@gmail.com WHAT DO YOU THINK?
It also wants a mechanism to cap EU transit fees, and guarantees in case of a gas shortage, Economy Minister Denisa Sakova said last week. Slovakia argues that cutting off Russian pipeline gas will raise prices, especially in central Europe.
Caterpillar Oil & Gas has announced the development of the Caterpillar Gas Mechanical System (GMS), a fully integrated power solution for frac operations, utilising 100% natural gas.
It’s the hard, oil-insoluble organic residue that cannot be easily removed from mechanical components. Varnish is one of the most widespread issues in power plants. It typically occurs in turbines […] The post A Proactive Approach to Treating Varnish Can Prevent Significant Downtime at Plants appeared first on POWER Magazine.
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. The combined consideration for both transactions is approximately $1.3 For more information, please visit www.machnr.com.
The message was clear: the world will need more energy, not less, and the oil and gas industry must be ready to meet that challenge. Oil & Gas US Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
STATS Group, a wholly owned subsidiary of Mitsui & Co, has developed mechanical pipe connectors, aimed at addressing increased demand in the Norwegian oil and gas sector
(World Oil) – Kazakhstan is considering its options for complying with the countrys OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. Central Asias largest oil producer is considering all possible options for meeting its commitments.
Engineers, inspectors, and maintenance teams must have a thorough understanding of these damage mechanisms in order to ensure the reliability [.] The post API 571: Latest Edition on Refinery Damage Mechanisms appeared first on PetroSync Blog.
Image by Toa55 via iStock Vallourec said it has secured a large contract to supply oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. Vallourec Group Chairman and CEO Philippe Guillemot said, “Vallourec has been a reliable supplier to operators in Qatar for decades.
The Permian Basin’s hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. He received a Bachelor of Science degree in Mechanical Engineering from Texas Tech University. Joey” Hall as Chief Operating Officer, effective June 2, 2025.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! The research will “include carbon stock assessment and monitoring of soil quality and ecosystem health in Malaysia, enabling comparative analysis between the two countries”, Petronas said in an online statement.
Anyone who wants to be well-versed in oil drilling must understand the crucial role of the blowout preventer (BOP). Ensuring the safety and efficiency of drilling operations is paramount in the oil and gas industry. By understanding the mechanics of the BOP, drilling teams can ensure safer and more efficient operations.
Brazilian oil and gas firm Brava Energia has appointed Carlos Jos do Nascimento to the position of Offshore Operations Officer.Travassos holds a degree in Mechanical
These unseen mechanisms allow agents to function intelligently and autonomously. While agents appear to act smartly, they rely on rigorous mathematical models and algorithmic logic. Differential equations track change, while Q-values drive learning. From managing cloud workloads to navigating traffic, […]
Furthermore, they aim to create a stimulating investment environment through advanced regulatory and financial mechanisms that enable the Authority to achieve financial sustainability. The post Egypt Revamps Mining Law for Economic Growth, Investment first appeared on Egypt Oil & Gas.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
The Institute of Statistical Social and Economic Research (ISSER) warns that the government’s ‘Gold for Oil’ policy, designed to tackle the foreign exchange demands of oil importers, is susceptible to Illicit Financial Flows (IFF). trillion lost to money laundering.
Bilfinger said in a media release that the multi-million-pound contract will cover civil, mechanical, and electrical and instrumentation scopes, over 12 months. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Image by ed_danilow via iStock Cadent Gas Ltd. 700K Industry Pros can’t be wrong.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. Prairie Operating Co.
DIC Oil Tools is a Brand by a Dedicated Impex Company. We supply a complete range of pipe protection equipment and other oil and gas equipment with the highest quality standards in the industry. Crossover & Sub is used to describe a mechanical component with threaded connections.
Heres the audio recap AI-in-Oil-Gas_-Generic-vs Let’s talk about something costing operators millions: the choice between generic AI and purpose-built AI solutions for oil & gas. Why Generic AI Falls Short in the Oil & Gas Industry Let’s understand why generic AI struggles to solve oil and gas problems.
Thermal insulation is a key feature of an oil refinery or industrial process plant. These mechanical components can either receive hot, cold, or acoustic insulation systems.To give you a fair idea, an oil refinery contains about 73 miles of insulated pipes and 2.5 million square feet of the insulated equipment.
Shell Chemicals Park Moerdijk accelerates transition to become net zero emissions and produce more sustainable chemicals The new pyrolysis oil upgrader unit treats liquid made from plastic waste that cannot be mechanically recycled and would otherwise be incinerated.
Active solar space heating requires the use of mechanics. When it comes to passive solar heating systems the energy and heat that is collected is trapped and circulated naturally throughout the home without the use of any mechanics. Active solar vs Passive solar. They are also more in-depth and complicated than the passive system.
If detailed data were includedsuch as depth, torque, ROP, mud properties, and pressure parametersit would be easier to assess whether additional time taken was due to mechanical issues, formation changes, or inefficiencies in operations. The Challenge of Cost Tracking Cost tracking is a significant issue in drilling operations.
DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. DIC is an Exporters of OCTG Pipes Worldwide. What are OCTG Pipes?
Minister of Oil, Hayan Abdul Ghani, met with Iranian Minister of Oil, Mr. Mohsen Bakhtiar, on Monday to discuss strengthening bilateral cooperation between Iraq and Iran. Minister Abdul Ghani highlighted Iraq's promising gas investment projects and its ongoing efforts to achieve self-sufficiency in oil derivatives. By John Lee.
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