15 September 2023
15 September 2023
Following the Russian invasion of Ukraine and recent production and supply cuts from Opec+, oil demand sits at an all-time high.
There are still reservations in the private sector concerning the economic viability of sustainable aviation fuel.
A potential sale could value CrownRock at more than $10bn including debt.
The expansion comes amid high demand for green methanol to decarbonise high-emitting sectors, including shipping.
Offshore jobs are at risk in the wind and oil and gas sectors, as underinvestment results in slow growth and limited capacity.
The Manatee field is estimated to hold around ten trillion cubic feet of natural gas.
SOCAR Trading’s efforts to capture the Asian markets follow the expansion of its gas trading activities in Europe during the previous few years.
Using Eni's Ecofining technology, the biorefinery will be designed to process around 400,000 tonnes of bio-feedstocks annually.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
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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