05 October 2023
05 October 2023
The contract is for ADNOC’s low-carbon LNG facility in the Al Ruwais industrial city.
The sale forms part of the US oil and gas company’s efforts to exit non-core operations.
The pipeline, which is currently 94% complete, will give drillers in the gas-rich Appalachian Basin essential transport capacity.
At its peak, Hasselmus is set to produce 4,400 barrels of oil equivalent per day.
Several new projects have already received IOC board approval and others are in the process of being approved.
The move is part of efforts to stop LNG traders from diverting the supplies elsewhere for higher profits.
Despite a Western ban on insuring tankers carrying oil above a set price, Russia continues to use European and “shadow” tankers.
In August 2023, state-backed Trans Mountain applied to alter the route for a 1.3km section of the pipeline in Kamloops, British Columbia.
The Excellence Awards celebrate the greatest achievements and innovations in the industry, and the people and companies that are driving change.
ML is a rapidly growing field in the O&G industry and can potentially revolutionize how companies explore and produce oil and gas. It can be used to analyze seismic data, well logs, and other geologic data to identify potential reservoirs. ML algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. Overall, machine learning has the potential to improve efficiency, increase production, and reduce costs in the oil and gas industry.
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