Shafaq News/ Iraq’s oil ministry on Tuesday said investments in gas resources is a top priority for the government as it prepares for a new bidding round.
Part of the exorbitant cost of offshore wind energy is the massive crane ships required to install the damn things – but Norwegian company Windspider has come up with a brilliantly lightweight crane system that promises to slash costs in half.
The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said.
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do “whatever necessary” to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday.
The Oklahoma Corporation Commission’s Petroleum Storage Tank Division is set to hold its annual Industry Roundtable Meeting.
Carbon-free electricity generated at nuclear power plants could aid Michigan’s goal of having 100% of its electrical generation from clean sources by 2040, but not without consideration of issues such as the significant expense of new nuclear power, unresolved questions about nuclear waste disposal, and siting challenges, according to a Nuclear Feasibility Study presented to the Michigan Public Service Commission and conducted at the behest of the Michigan Legislature.
On February 10th, 2024, Sudan announced a force majeure on South Sudan’s crude oil exports, citing restricted access to oil operations caused by ongoing military activity.
The UN’s Cop 29 climate summit in Azerbaijan will focus on speeding the delivery of goals set at Cop 28 as well as expanding and adding new solutions for the integration of renewables.
The US Energy Information Administration raised its Brent crude price forecast due to OPEC+ production cuts and falling oil outputs. Still on falling oil outputs, Ghana is facing an economic crisis because of diminishing foreign exchange reserves and high fuel prices. Meanwhile, S&P Global Commodity Insights editors are focusing on the price hikes for hot-rolled coil amid multiple mill outages.
Eni SPA has set a target net capital expenditure of EUR 7 billion ($7.6 billion) yearly from 2024 to 2027, down more than 20 percent compared to last year’s plan.