Area 2 lies within the emerging South Africa and Namibia (SANAM) super-basin, which stretches from northernmost Namibia to the Durban basin of eastern South Africa. The Block shares the same prolific petroleum play as is currently being successfully explored in the Orange basin of Namibia, and further proven by the Brulpadda and Luiperd discoveries in...Continue Reading
On Monday, Exchequer Secretary to the Treasury, James Murray MP, co-hosted a Fiscal Forum at Offshore Energies UK’s Aberdeen offices with senior industry leaders. The impact of changes to further extend and raise the Energy Profits Levy (EPL), or windfall tax, and the potential removal of critical capital allowances for the sector were central to...Continue Reading
White House Unveils Plan to Safeguard Renewable Energy Infrastructure | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Aug 12, 2024, 5:00 PM CDT The Biden administration is taking steps to enhance cybersecurity in the renewable energy sector. The...Continue Reading
the acquisition includes existing low decline average base production of 29,000 – 30,000 boed, externally and independently evaluated proved and probable (“2P”) reserves of 473.2 MMboe, and an extensive drilling inventory, including over 700 Tier 1 locations (246 net Montney locations booked in the Sproule Report 2P reserve category). SourceContinue Reading
To tap some of these new consumers, parent company ADNOC is building a new plant at Ruwais that will more than double the UAE’s LNG export capacity when it starts operating in 2028. Oman and Qatar are also expanding their LNG production facilities. SourceContinue Reading
Is a U.S. Refining Cartel Emerging? Major Players Slash Production | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 12, 2024, 4:00 PM CDT Major US refiners, including Marathon Petroleum, are significantly reducing their refining capacity due to concerns about a global...Continue Reading
Central Asian Leaders Optimistic About Expanding Regional Trade | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Aug 12, 2024, 3:00 PM CDT Central Asian leaders expressed optimism about...Continue Reading
EIA Reports Unexpected Rise in Oil Reserves for Public U.S. Companies | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Aug 12, 2024, 2:41 PM CDT The Energy Information Administration (EIA) reported on Monday that publicly traded oil and gas companies...Continue Reading
McDermott will design, procure, fabricate, hook up and commission a platform and jacket. The company will also provide design, installation, and commissioning services for a 32-inch gas pipeline that will connect the platform to a gas processing facility operated by Shell. SourceContinue Reading
Nickel Prices Plummet as Stainless Steel Demand Remains Weak | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Aug 12, 2024, 2:00 PM CDT Nickel prices fell...Continue Reading
