11 September 2023
11 September 2023
Following the Russian invasion of Ukraine and recent production and supply cuts from Opec+, oil demand sits at an all-time high.
Marcel Abeke was an executive of Eramet, the world’s largest producer of high-grade manganese ore, mined at the Moanda mine in Gabon.
The unanimously adopted "Nairobi Declaration" represents the first time African leaders have reached a joint position on the question of climate change.
After the EU put an embargo and a price cap on Russian crude in December last year, Russia has been heavily dependent on China and India as its primary customers.
The two contracts have been awarded by Eni and its partner Petroci, and Snam Rete Gas.
The investment forms part of a financial overhaul of OPaL.
This announcement comes after UAE Government-backed ADNOC increased its offer price for Covestro.
In the wake of the Covid pandemic and the Ukraine war, implicit and explicit fossil fuel subsidies have surged by $2trn over the past two years, according to the IMF.
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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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