Oil giants sue US Government over protected areas
Drilling in certain areas of the Gulf of Mexico could have serious consequences for the endangered Rice’s Whale.
30 August 2023
30 August 2023
Drilling in certain areas of the Gulf of Mexico could have serious consequences for the endangered Rice’s Whale.
The British company also plans to invest around $3.5bn in natural gas exploration and development in Egypt.
The potential deal talks follow the discovery of shallow sandstone gas in Mpumalanga province’s Block 272 by Kinetiko.
State-owned Petroci is Eni’s partner on the project.
With a 50% stake, Chevron is the operator of the project and Talos Energy controls the remaining 25% interest.
The Chinese company is looking to participate in Saudi Arabia's multibillion-dollar Jafurah shale gas project.
Timi is a sweet gas field and was discovered in 2018.
The four refineries in the country have a combined capacity to process around 4.45 million barrels per day.
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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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