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A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to extract $6.2 billion from the energy industry—this may not sound very appropriate for a government that has made some big net-zero promises. Yet it is exactly what the Lula da Silva government in Brazil is doing.
A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.
TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year (tpy) of green hydrogen to the German Leuna refinery for 15 years, marked as the largest quantity of green hydrogen ever contracted from an electrolyzer in Germany.
China National Offshore Oil Company (CNOOC) is slated to launch an upgraded joint-venture refinery complex around June, marking the state-controlled producer's further
Yours truly's meeting with one of France's most famous and fascinating industry captains had the backdrop of a Liebherr BOS 2600 offshore pedestal crane capable of lifting 15,000 kg loads, at the Altrad Sparrows training centre. It happens to be one of the entrepreneur's many businesses, and one he acquired as recently as 2022.
With 40 years of experience, Petrofac is a leading company in designing and building world-class gas processing plants and clean fuels refineries, constructing offshore wind substations, designing hydrogen units, and upgrading existing infrastructure to meet global environmental standards.
Given the sector’s complexity and geographical spread—from remote drilling rigs to refineries and distribution terminals—logistics is a key driver of efficiency and profitability. Supply Chain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
A gradual rise in output with companies including Shell announcing a $5 billioninvestmentin offshore production in December and the restart of two of the states long-dormant refineries have offered encouraging signs for the industry. NNPC is also clearing the way for aninitial public offeringin a process thats spanned a decade.
TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for 15 years, beginning in 2030
Although both onshore and offshore drilling occur in Alaska, most of the activity is on land, particularly in the North Slope, which is where the Nuna and Pikka projects are being developed. The increased crude oil production will go to supply refineries in Alaska, the Pacific Northwest, and California.
The contract includes the supply of carbon steel OCTG products with premium connections, to be delivered in 2026 to support Qatar’s increasing onshore and offshore drilling activity, the company said in a news release.
Pipelines, refineries, and export terminals followed, creating a full-scale oil ecosystem. As we reflect on the legacy of Bibi Heybat, we gain a deeper appreciation for the remarkable journey of the oil and gas industry—from its ancient roots in natural oil seeps to high-tech offshore rigs and precision horizontal drilling.
From inspecting pipeline welds offshore to evaluating high-pressure vessels in refineries, ultrasonic [.] One method that stands out for its ability to detect internal flaws without damaging the tested material is Ultrasonic Testing (UT). The post Ultrasonic Testing: Methods and Applications appeared first on PetroSync Blog.
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 Some other notable contracts during the quarter were Bram Offshore and Starnav Servicos Maritimos $2.74
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 Some other notable contracts during the quarter were Bram Offshore and Starnav Servicos Maritimos $2.74
Why the Permian is an Advantaged Asset The Permian Basin perfectly fits Exxons definition of advantaged: Low-cost barrels: Permian break-evens can be under $35/bbl High infrastructure access: Pipelines, refineries, and export terminals already in place Scalability: Exxons Permian inventory supports multi-decade growth Synergy with Pioneer assets: Unlocks (..)
In his meeting with Neff, the two sides reviewed the promising investment opportunities in the Egyptian oil and gas sector and the company’s activities in Egypt, most recently exploration operations in the North Dabaa Offshore Concession in the western Mediterranean.
As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. IMPORTS SURGE WHILE REFINERY ACTIVITY COOLS Crude oil imports surged by a remarkable 1.2 In contrast, crude oil refinery inputs dropped by 281,000 bpd to 16.2 million barrels to 389.2 million barrels.
In September of this year, BP entered the offshore wind market when it announced a $1.1 Shell is also engaged in three offshore wind ventures – two in development stages, one currently operational – located off the Dutch coast, and two offshore wind ventures in the development stages off the New Jersey and Massachusetts coasts.
With topics ranging from offshore oil and gas moratoriums to restrictions on natural gas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. 3] In South Carolina, the subject of offshore oil and gas activities is again poised for debate. Mary Ann Perez and Sen.
This includes both onshore and offshore activities. Assets: Downstream assets include refineries, petrochemical plants, distribution networks, and retail outlets (gas stations). Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry.
In September of this year, BP entered the offshore wind market when it announced a $1.1 Shell is also engaged in three offshore wind ventures – two in development stages, one currently operational – located off the Dutch coast, and two offshore wind ventures in the development stages off the New Jersey and Massachusetts coasts.
company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s.
With topics ranging from offshore oil and gas moratoriums to restrictions on natural gas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. In South Carolina, the subject of offshore oil and gas activities is again poised for debate. Mary Ann Perez and Sen.
Gulf of America (Mexico) Offshore Giant Making a Comeback 2023-2024 Overview The Gulf of America (Mexico) remains a cornerstone of U.S. offshore oil production, accounting for around 15% of total domestic crude output. Beacon Offshores Shenandoah Field: This project is another major deepwater initiative, targeting 0.12
onshore wind farms and spinning off offshore wind assets. Refinery inputs averaged 15.4 Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. The companys profits fell to $8.2 billion in 2024 from $13.4 Read more U.S. million barrels Summary : U.S.
Companies have already begun to take advantage of this ability to manage operations across a range of hard-to-access and low-connectivity environments, like offshore rigs and cargo ships. Producers, wellhead service companies, refineries, shipping companies, and many other players are all part of the overall industry.
Offgrids can be one of the enablers for scaling up green hydrogen generation on offshore platforms. Additionally, green hydrogen can be used as backup energy storage in refineries or chemical sites, where it is also utilized as a feedstock. ” A full copy of the final report can be downloaded here. sunnier or windier).
The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. Transport type: Offshore pipeline transport costs are typically 1.3
Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week.
If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds.
If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds.
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