02 November 2023
02 November 2023
The two industries want to make it easier for sustainable aviation fuel (SAF) made from corn-based ethanol to qualify for federal subsidies.
Through the transaction, Permian's total assets will increase by more than 400,000 acres.
In June 2023, Shell Petroleum Company announced plans to exit its Pakistan operations.
BPCL will supply 600 kilo-tonnes per annum (ktpa) of propane, a feedstock for petrochemicals, to GAIL.
CNPC is holding talks with Rosneft, Gazprom and Novatek.
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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. Besides, the long-standing problems of matching demand with production and optimizing supply chains could be solved using quantum computing.
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