27 September 2023
27 September 2023
Despite a Western ban on insuring tankers carrying oil above a set price, Russia continues to use European and “shadow” tankers.
Earlier in June, New Fortress Energy was granted a permit by Mexico’s Ministry of Energy to export up to 7.8 million tonnes of liquefied natural gas until April 2028.
Currently, the joint venture between Venezuela state-backed oil and gas company PDVSA and Chevron produces approximately 135,000 bpd.
Intended to improve sustainability, Lego's oil-free prototype would actually increase the company's carbon emissions.
In August 2023, state-backed Trans Mountain applied to alter the route for a 1.3km section of the pipeline in Kamloops, British Columbia.
Russian oil major Rosneft owns a 54.17% stake in the refinery.
The partnership will bring together bp's experience in framing, building and project execution with the Alliance’s know-how of delivering SURF systems and SPS.
The investment strategy marks co-founder Jacques Tohme’s shift away from the UK North Sea.
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.
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