Cyprus rejects development plan for Chevron-led gas field
Chevron holds 35% stake in the Aphrodite field while other partners include Shell (35%) and Israel's NewMed Energy (30%).
29 August 2023
29 August 2023
Chevron holds 35% stake in the Aphrodite field while other partners include Shell (35%) and Israel's NewMed Energy (30%).
Alex Donaldson interviews ECOncrete CEO Dr Ido Sella about ECOncrete's Admix aimed at supporting ocean biomes.
This project is expected to increase Statfjord Øst production by 26 million barrels of oil equivalent.
ADES plans to free-float 30% of its shares in the IPO and expects to fetch more than $1bn.
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Although quantum computing is still in the R&D stage, its potential use cases in the oil and gas industry are numerous and are likely to expand. Oil majors, such as BP and ExxonMobil have joined IBM’s Q Network to develop quantum computers that will increase the understanding of subsurface geology. Companies are also looking at these computers to study molecular modeling and emission mitigation. Besides, the long-standing problems of matching demand with production and optimizing supply chains could be solved using quantum computing.
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