US Treasury announces first sanctions for violation of Russian oil price cap
Two companies that transported Russian oil priced above the $60 cap have been sanctioned.
16 October 2023
16 October 2023
Two companies that transported Russian oil priced above the $60 cap have been sanctioned.
In the wake of the conflict, Israel has shut down production at the offshore Tamar gas field, which is operated by Chevron.
Tamar meets 70% of Israel's energy requirements for producing power, and if necessary Israel will consider alternative fuel sources to meet demand.
India’s Petroleum Minister said that the country “will navigate through” any potential energy supply issues caused by recent conflicts in the Middle East.
While the IEA says the Israel-Palestine war has no direct impact on oil flows, voluntary cuts will keep the oil market in deficit this year.
Aramco is examining the UK energy company’s assets including Shell Pakistan.
Repsol acquired a 6.75% stake in the Reggane North licence while Wintershall Dea acquired a 4.50% interest.
The solution will be installed at Vår Energi’s Balder FPSO and the Ringhorne processing platform.
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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