Prices of dirty, sludgy oil surge in Asia as Saudi Arabia cuts supply
The value of more sulphurous and dense types of crude, known as “medium-sour” crudes, has surged past prices of lighter oils.
19 July 2023
19 July 2023
The value of more sulphurous and dense types of crude, known as “medium-sour” crudes, has surged past prices of lighter oils.
The Poseidon plant is designed to extract more than 40,000 barrels per day of natural gas liquids.
Due to be commissioned in 2026, the Tuna field will have a peak production capacity of 115 million cubic feet of gas per day.
The deal will see Argentina export liquefied natural gas to the EU, with both parties to invest in hydrogen.
The leases have an initial five-year exploration term and the blocks can be held by production for 25 years.
The initiative aims to facilitate the development of a domestic value chain for the improved recycling of plastics into circular polymers.
Petrofac’s Asset Solutions business will provide integrated services for the FPSO Espoir Ivoirien.
For a period of 14 years, ADNO LNG will supply up to 1.2 million tonnes per annum of LNG to IOC.
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