Techouse has completed testing of a new compact once-through steam generator (COTSG) designed to enable combined-cycle power systems on offshore oil and gas installations, with the potential to reduce fuel consumption and CO₂ emissions by up to 25%.
A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function in the face of a recent spate of attacks.
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would restore more oil traffic through the key waterway.
Oil prices are up as uncertainty over a U.S.-Iran deal to reopen the Strait of Hormuz revived supply-disruption concerns with both sides demanding compensation, Monte Safieddine, Head of Market Research at Capital.com, said in a market analysis sent to Rigzone on Tuesday.
Joaquim Kiteculo, CEO of Sonangol Refinação e Petroquímica (Sonaref), talks to The Energy Year about progress on the USD 6.2-billion Lobito Refinery and Angola’s long-term prospects as an integrated refining and supply hub.
Egypt’s Ministry of Petroleum and Mineral Resources has launched two international bid rounds offering 14 onshore and offshore blocks for oil and natural gas exploration as the country seeks to attract upstream investment, the ministry announced on Tuesday.
The Minister for Energy and Green Transition, John Jinapor, has said the Ministry is in the final stages of getting the reforms to the oil and gas regulatory regime finalised.
ADNOC Gas has taken final investment decisions (FID) on the next phases of its Rich Gas Development (RGD) project, awarding $8.2 billion in engineering, procurement and construction (EPC) contracts that will expand natural gas processing capacity and support the company’s long-term growth strategy.
The Trump administration has extended targeted Jones Act waivers for an additional 90 days, providing continued flexibility for energy shipments between U.S. ports amid ongoing disruptions in global markets, according to the American Petroleum Institute (API).
The public consultation for Adura’s Jackdaw gas project has concluded, marking another regulatory milestone as the UK government considers whether to approve the North Sea development.