25 September 2023
25 September 2023
NGC will receive at least 150 million cubic feet per day of gas from the Manatee field, which is estimated to hold around ten trillion cubic feet of gas.
North America’s renewable refinery production capacity is expected to reach 13,142 mmgy in 2027, the highest among all regions globally.
The parties are expected to sign the production sharing contracts related to the three offshore blocks next week.
Waldorf’s business review comes after its growth plans were hampered by the energy windfall tax imposed by the UK Government.
McDermott will transport and install around 30km of rigid pipelines and associated subsea structures at the Wahoo field.
The Phase 2 project involves the addition of two liquefaction trains, an additional LNG storage tank and a marine berth.
The BM-C-33 concession is estimated to over one billion barrels of oil equivalent in recoverable oil and gas volumes.
As per the deal, ONGC will supply around 4.5 million tonnes per annum of crude oil to HPCL’s refinery in Mumbai.
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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.
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