03 November 2023
03 November 2023
Cheniere Marketing will supply around 0.9 million tonnes per annum (mtpa) of LNG for 20 years to Foran.
The discovery was made at the Roystonea-1 exploration well in Block 52.
The deal also includes Gulf Coast and Rocky Mountain oil and natural gas operations.
The UK-based oil and gas company’s total revenue and other income fell by 21% YoY.
According to figures from Gas Infrastructure Europe, the EU’s stockpiles are now nearly 99% full after a summer of above-average storage activity.
The decision comes after Simon Munkara, a traditional land owner from the Tiwi Islands, filed for a suspension to the pipeline project until its risk to underwater cultural heritage sites is properly assessed.
With this deal, TotalEnergies is extending its interest in Qalhat LNG by five years and in Oman LNG beyond 2024, by ten years.
The two industries want to make it easier for sustainable aviation fuel (SAF) made from corn-based ethanol to qualify for federal subsidies.
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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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