10 October 2024
10 October 2024
China's coal production in 2023 reached 4.53 billion tonnes (bt), with the industry already responsible for 70% of global coal mine methane emissions.
Levels rose by almost 11 million barrels (mbbl) over the last few days, far higher that the previous week.
The 26,000km² area in question is believed to hold around ten trillion cubic feet (tcf) of natural gas and 300 million barrels (mbbl) of crude oil.
The Italian energy major will use the vessel to expand its liquefied natural gas (LNG) bunkering services and support maritime decarbonisation.
The company’s average realised oil price is expected to be $75.33 per barrel (bbl), while global natural gas liquids prices are forecast at $20.47/bbl.
The two-and-a-half-month survey will commence in January 2025 in Block 32 in the Louro and Mostarda fields.
The order comprises ten Integrated Compressor Line (ICL) units, with five designated for gas storage and the remaining five for dual-use injection.
Saudi Aramco’s decision to invest in crude-oil-to-chemicals (COTC) refineries could signal a readjustment in the global oil market as the demand for petroleum-based fuels gradually falls.
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