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The European Union needs to create a joint strategic reserve of rare earth elements to avoid supplychain disruptions and economic blackmail from China, Stephane Sejourne, European Commissioner for Prosperity and Industrial Strategy, has told German business daily Handelsblatt.
Foundation AI's Cerberus is a 24/7 guard for the AI supplychain, analyzing models as they enter HuggingFace and sharing results to Cisco Security products.
OEUK's annual share fair event shows why UK government needs to act to support the energy supplychain. The post Time to share: Energy supplychain awaits UK government to unlock billions of investment appeared first on Energy Voice.
Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts. At the end of the Friday session, oil futures settled at $68.30 One, totaling 1.66
role in Iran-Israel fight fuels market jitters Published Sun, Jun 22 2025 10:35 PM EDT Updated 2 Hours Ago Lee Ying Shan @in/ying-shan-lee @LeeYingshan WATCH LIVE Key Points Oil markets are entering a new phase of uncertainty after the U.S. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S.
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Sanctions on Iran and Venezuela in 2018 worsened the situation, with both countries using dark fleets to export oil, and Iran ceasing to publish OPEC production data.
“Several TEF-backed projects are now posting unlevered, after-tax internal rates of return (IRRs) below 10%, roughly half of what returns were before supplychain constraints drove new gas-fired capex to more than double that of 2023 figures. View Report Here You must be an Enverus Intelligence® subscriber to access this report.
Companies in the oil and gas supplychain have gone from boom to bust in the past two years. Here are five strategies oil-field service and equipment companies are exploring to adjust to the changing environment.
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale.
Global supplychains have been under enormous pressure from the COVID-19 pandemic and the Ukraine crisis. In the wind and solar sectors, these pressures are compounded by industry-specific challenges.
As geopolitical tensions escalate, energy professionals are closely monitoring the situation’s impact on oil prices, market dynamics and long-term industry outlook. Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month.
Electric-vehicle penetration is the biggest driver of oil demand declines in the energy transition. However, emerging supply bottlenecks for key battery materials could be an unexpected barrier.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. SupplyChain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
The Polish energy company said all of its refineries have been supplied with non-Russian oil since March, with the final contract for Russian oil delivery from Rosneft ending June 30. Today, we purchase crude oil from across the globe. Their cooperation has enabled us to bring in oil and gas from alternative sources.
I am excited to welcome Chuck Graham as Ciscos Chief SupplyChain Officer. Chuck will oversee end-to-end supplychain operations, driving agility, innovation, and resilience across our global network.
OEUK says the new strategy is welcome but must harness the UK’s whole energy mix, from oil and gas to wind, hydrogen and carbon capture technology and their interlinked supplychains as a secure and affordable bedrock for long-term industrial success. That means recognising the critical role of today’s industries on that path.
Fox Tank Company, a Texas-based provider of steel storage tanks and pressurized separation vessels for the oil and gas industry, has opened a new manufacturing facility in Coshocton County, OH, at the former site of Crozier Welding. Fox has pledged to invest $7.9 million and create 89 new jobs at the facility. Fox chose the.
Offshore Energies UKs 2025 SupplyChain report says building on the UKs unique industrial strengths in energy production is key to unlocking the Governments ambition to grow the nations economy and build the future of the North Sea. Its vital we get this right to create a positive business environment in the UK for our supplychain.
This dynamic environment presents both challenges and opportunities for investors, compelling them to navigate a complex web of trade policies, supplychain disruptions, and geopolitical shifts. The uncertainty surrounding the global tariff war is reshaping the landscape of mergers and acquisitions (M&A) within the energy sector.
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.
With total data center capacity expected to hit 82,000 MW by 2035 ( Figure 1 ) and power supply still a major hurdle, Fermi’s diversified energy strategy may signal a new approach for securing power. Supplychain backlog and other constraints have driven up the cost of new gas buildout, triggering a surge in M&A activity.
Volatility Hits Differently Depending on Who You Are How you hedge and manage volatility depends on who you are… Matt Joy, Oil Brokerage Geopolitical risk, inflation and trade policy have made volatility the new normal but not everyone feels it the same way. Use technicals for entry and timing but let fundamentals anchor your exposure.
ASCO has signed an important nine-figure deal with a major North Sea oil operator, cementing its position as the energy industry's leading logistics provider. The substantial five-year contract, worth roughly £150mn, begins on July 1, 2025.
. “This nascent technology is a natural fit for the UK’s existing oil & gas supplychain, drawing on established skills, vessels, and infrastructure. It also enables access to deeper waters with stronger, more consistent wind and fewer conflicts with other sea users.
The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP). Reopening the ITP ensures Iraqi oil can reach global, especially European markets. companies. So we're - that's part of the issue.
With supportive policy the carbon capture and storage sector could protect over 100,000 jobs in industrial regions across the UK, contribute billions to the economy this decade and be worth £100bn to the supplychain by 2050. Domestic production is the path to energy security and economic growth.
(Oil & Gas 360) – Publisher’s Note: Oklo will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. nuclear fuel supply for advanced reactors SANTA CLARA, Calif.–(BUSINESS fuel supplychain.” Register to attend. ABOUT OKLO Oklo Inc.
million) in energy supplychains, “taking the total funding for the Great British Energy SupplyChain fund to GBP 1 billion ($1.37 million) in energy supplychains, “taking the total funding for the Great British Energy SupplyChain fund to GBP 1 billion ($1.37 billion) a year.
A new approach to collaboration, within a company, between suppliers, and across the industry, could unlock savings that would increase profitability and safety.
(Oil Price) –The term peak oil has sparked debate for decades, fueling speculation and more than a few forecasts of doomsday scenarios. What is Peak Oil? Peak oil doesnt mean we are running out of oil. oil production would peak around 1970. In recent years, the conversation around peak oil has shifted.
oil giants Exxon Mobil and Chevron, are among some of the other companies that have been touted as possible suitors. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP 's highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive.
The Government of Oman, Hydrogen Oman (Hydrom), Port of Amsterdam, Zenith Energy Terminals and GasLog agree to study the development of a liquid hydrogen supplychain Guided by Oman’s Vision 2040, which is anchored on diversifying its economy away from oil and gas, as well as the country’s long-term goal to reach Net-Zero by 2050, the government (..)
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly. The Legacy Locker is a unique amalgamation of services.
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.
OEUK says the decision to take a national approach to pricing will encourage more wind energy investment to help the government hit its Clean Power 2030 targets and boost growth in the critical offshore energy supplychain. INTOG: OEUK backs INTOG schemes using wind energy to decarbonise offshore oil and gas production.
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly. The Legacy Locker is a unique amalgamation of services.
The post How intelligent data will be the foundation of supplychains in 2022 appeared first on IFS Blog. If the last twelve months are anything to go by, it is imperative for companies to show agility and adaptability.
The project will tap into the Smackover Formation, a geologic unit better known for its oil and gas history but now gaining attention for its lithium-rich brines. That kind of output could reshape the domestic battery supplychain and reduce American reliance on imported lithium, particularly from China. Vernon, Texas.
AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
Enabling the energy transition The site was previously used to produce top-sides for oil and gas platforms. Read the Full SupplyChain Report 2025 >> The post SupplyChain Report 2025: Associated British Ports case study appeared first on Offshore Energies UK (OEUK).
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
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