Methane emitted by oil and gas operations must be cut significantly to avoid dire climate effects, according to an international report issued Wednesday, as fossil fuel producers and the State of New Mexico took action to limit air pollution from energy development.
The Nigerian National Petroleum Company Limited (NNPC) has begun buying petrol via cash tenders, rather than oil swaps, for the first time in nearly a decade, four sources familiar with the matter told Reuters.
Lagos, Oct. 14, 2023 (NAN) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has granted RusselSmith approval to deploy its industrial non-metallic additive manufacturing solution in the Nigerian oil and gas industry.
Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.
While none of the dozens of deals between Iranian and Russian oil companies over the past decade have been implemented, Russia now intends to export gas to Iran.
Global gas demand is projected to rise in the next decade, thus influencing a 12.5% surge in production between 2023 and 2030.
The Permian has more oil in place to allow output growth for the next few years, Occidental’s president and CEO Vicki Hollub said this week, commenting on mounting concerns among analysts that well productivity in the top oil-producing U.S. shale basin is dropping off.
Oil prices stabilised on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, a darkening global macroeconomic outlook and mixed supply signals.
Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.
Methane is much worse for the climate than carbon dioxide, and emissions continue to rise despite global efforts to control them.