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The transaction effectively establishes a fully connected NGL corridor stretching from Western Canada to Eastern Canada, with export connectivity via liquefied petroleum gas (LPG) terminals on the West Coast. We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.
As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. The ReFuelEU Aviation policy sets a sustainable aviation fuel (SAF) blending mandate that increases from 2 percent in 2025 to 34 percent in 2040 and 70 percent in 2050. 3 Assuming a 4.3 percent in 2030 to 35.0 percent in 2050.
Supported by the Kuwait Oil Company and Kuwait Integrated Petroleum Industries Company , these official platforms will individually bring together over 500 senior decision-makers, 40+ expert speakers, and 50+ global and regional solution providers.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.
Image by Redhuan Ramli via iStock EnerMech Limited has secured a three-year contract with Dana Petroleum Limited for Offshore Shutdown Support Services for the Triton floating, production, storage, and offloading (FPSO) vessel. The fixed-term contract includes a couple of two-year extension options, EnerMech said in a media release.
Dana Petroleum has operated the Triton FPSO since 2012, playing a key role in the region’s energy landscape since oil production began in 2000. Securing this long-term partnership with Dana Petroleum is a testament to our technical capabilities, innovation, and ability to deliver value across the full lifecycle of an asset.
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum by Paul Anderson | Rigzone Staff | Tuesday, June 10, 2025 | 2:28 AM EST The contract involves maintenance and upgrades to sustain production levels across offshore assets in the South China Sea.
Production Engineers need to balance technical expertise, operational efficiency, and safety measures to ensure the optimal and sustainable production of oil and gas resources. Conducting research and participating in training to improve skills and knowledge in production engineering.
Image by ricardoreitmeyer via iStock The cost of shipping Middle East crude to customers in Asia collapsed on Thursday, the latest sign of oil markets returning to normal after conflict eased in the world’s top petroleum-exporting region. Charter rates slumped by 17% to 55.50 It works out at roughly $1.60
In Angostura, the National Gas Company of Trinidad and Tobago holds a 30 percent stake, while Chaoyang Petroleum (Trinidad) Block 2C Ltd. Anglo-French explorer and producer Perenco now owns 45 percent of Angostura in Block 2(c) and 68.46 percent in Ruby in Block 3(a). owns 25 percent. In Ruby, National Gas owns the remaining 31.54
“It’s not just about price — it’s about the sustainability of that price,” McNally said. producers “would need six months of sustained higher prices for the industry to substantially change their activity levels.”
“With Malaysia being one of the world’s largest oil and gas hubs, we have partnered with Integrated Petroleum Services Sdn Bhd to expand world-class training solutions to our customers in Malaysia and the Southeast Asia region,” the company said in that release. Moller - Maersk Group.
"This suggests that, for now, the overall flow of vessels into the region is being sustained despite the recent, specific diversion event." million barrels per day, accounting for about 20% of global petroleum liquids consumption, according to the U.S. In 2023, oil flows through the waterway averaged 20.9
The National Iranian Oil Refining and Distribution Company said refining facilities and oil storage did not sustain any damage in the attacks. Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output.
Morgan analysts also stated in the research note that, while the latest escalation in the Middle East may provide near-term support to oil prices, they do not expect a sustained turnaround in rig activity. Rigzone has contacted the American Petroleum Institute (API) for comment on J.P. Morgan’s research note.
Sustainable aviation fuel (SAF) is the most promising lever known today to accelerate progress toward a net zero future, says Delta Air Lines. Scale and cost are the two biggest and interconnected challenges for the industry to begin replacing petroleum-based kerosene. However, SAF faces many challenges on the runway to take off.
This biodiesel incentive program marks a significant milestone in the city’s ongoing commitment to sustainability and reducing carbon emissions, replacing 215,000 gallons of petroleum diesel in […] The post Nebraska Capital Will Fuel Its Fleet with B20 Biodiesel appeared first on NGT News.
In today's rapidly evolving world, where the demand for sustainable energy solutions is on the rise, petroleum equipment plays a crucial role in fueling the future. As the world seeks to transition towards cleaner and more eco-friendly energy sources, the petroleum industry is adapting to meet these changing needs.
has converted 75 diesel-powered school buses to buses that run on renewable diesel fuel provided by Neste, a company that creates sustainable solutions for transport, business and consumer needs. The Twin Rivers Unified School District (USD) near Sacramento, Calif.,
Minister of Petroleum and Mineral Resources, Karim Badawi, visited the infrastructure for receiving, and storing petroleum products and LNG at Sokhna Port, operated by Sumed and Sonker companies. The post Egypt Petroleum Minister Tours Key Sokhna Port Energy Infrastructure first appeared on Egypt Oil & Gas.
In alignment with Egypt’s petroleum sector’s social responsibility strategy and its commitment to community development, the Ministry of Petroleum and Mineral Resources (MoPMR) has inaugurated the development and rehabilitation projects of the villages of Aleppo, Khaled bin Al-Walid, and Abu Masoud in Alexandria.
Yours truly will be holding three panel sessions and two fireside chats at the event with Hardeep Singh Puri, India's Honorable Minister of Petroleum and Natural Gas, and Chris Ashton, Chief Executive Officer of Worley. The three panels will include distinguished industry thought leaders.
It also opens new horizons for export to foreign markets, capitalizing on the growing global demand, especially with the petroleum sector having the technical and logistical components needed for success. The project aims to meet the local demand expected for this type of green fuel over the next few years.
He highlighted that this project is a major challenge for sustaining production in the Zohr Field. The post Petroleum Leaders Inspect Zohr Fields Subsea Cable in Norway first appeared on Egypt Oil & Gas. Mowafy emphasized the importance of adhering to the schedule.
Oil and petroleum have been essential to the global energy industry for a long time, influencing nearly every aspect of modern life. They power machines, fuel cars, and serve as the foundation for countless other products, helping to sustain economies and industries alike.
Occidental Petroleum (NYSE: OXY) has showcased a strategic shift in its 2025 operational and financial approach, emphasizing efficiency and disciplined capital management. The company’s Q1 2025 results reflect this transition, marked by reduced capital expenditures, optimized drilling activities, and significant debt reduction.
Vietnams consistent policy is to build harmonious, sustainable, stable, and mutually-beneficial economic and trade ties with the US, the Vietnamese minister was quoted as saying. Vietnams Trade Minister Nguyen Hong Dien visited the United States this week and held talks with the US Trade Representative Jamieson L.
Environmental Protection Agency, over 1,500 industrial buildings utilize cooling towers to cool power plants, petrochemical plants, natural gas processing plants, petroleum refineries and food processing plants. According to the U.S. Due to their.
The Nigerian National Petroleum Company (NNPC) has announced it is in the final stages of preparing for its IPO, as mandated by the Petroleum Industry Act of 2021.
Read full report for Forbes here ) The Oilholic kick-started his Gastech 2024 speaking circuit journey on Tuesday as well, with India's Minister of Petroleum and Natural Gas Hardeep Singh Puri - a seasoned diplomat turned politician and a lively keynote speaker at international events. Photo I: Houston's George R. at 11:46 CDT.
EnerCom is currently accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability , and carbon solutions to present at The Energy Transition and Emerging Technology Session at EnerCom Denver.
Monday also saw several ministers speak at ADIPEC including the UAE's energy Suhail Al Mazroui and India's minister for petroleum and natural gas Hardeep Singh Puri, as did OPEC Secretary General Haitham Al Ghais, fresh from the crude producers' group's decision to postpone its planned production increase by a month.
CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. The agreement was signed between the Red Sea National Petrochemicals Company, China National Chemical Engineering Co.
As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port.
About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Valero owns 15 petroleum refineries located in the U.S.,
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Marco Villa, the Chief Business Officer (CBO) of the Italian company Technip Energies, and his accompanying delegation. They were joined by Khaled El Badry, the Ministry’s Undersecretary for Projects.
Emarat Misr Petroleum Products Company held its general assembly in the presence of Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and approve the results of 2024. By applying these measures, Emarat Misr aims to ensure the safety of individuals and the seamless undertaking of tasks.
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. He underscored the critical importance of sustained collaboration to achieve mutual successes, emphasizing that the benefits should extend to all stakeholders.
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.
She also emphasized the vital role of the Women in Energy Network among the petroleum sector. Also, the event witnessed interactive breakout session where the attendees selected the preferred topics to that face the women who are working in the petroleum sector to discuss in groups and find the possible solutions.
El-Wazir added that the project aims to localize the petrochemical industry in Egypt by sustainably securing the raw material needs of petrochemical companies in Alexandria to operate at full capacity and create new investment opportunities in the oil, gas, and petrochemical sectors.
Minister of Petroleum and Mineral Resources Karim Badawi participated in a roundtable discussion organized by the US Chamber of Commerce in Washington coming in line with strengthening strategic relations between the two countries in the energy sector.
Stephen Robertson, executive vice president of Permian Basin Petroleum Association, added, By adapting conveyor technology … Atlas has significantly reduced truck traffic on public roads in Permian Basin. This not only minimizes environmental disruption but also enhances safety and efficiency.
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