The project in Beaumont has a capacity of 1.1 million tons a year in the first phase, while the addition of carbon capture and storage will allow it to produce lower-emission ammonia from 2026, Woodside said. Agreements are in place for the feedstock and carbon capture capacity with Linde Plc and Exxon Mobil Corp., it...Continue Reading

The discussions highlight how cash and revenue-strapped African nations are turning to traders for funding to boost producing assets and energy supplies. Gunvor Group recently financed Gabon’s deal to buy crude producer Assala Energy for about $800 million, while Vitol is becoming the sole supplier of oil products to Uganda. SourceContinue Reading

EIA Raises 2024 Forecast For U.S. Crude Oil Demand | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 06, 2024, 2:30 PM CDT The U.S. Energy Information Administration (EIA) has raised...Continue Reading

Is the AI Boom Pushing Mid-Atlantic Power Infrastructure to the Brink? | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 06, 2024, 2:00 PM CDT The PJM Interconnection capacity auction for 2025-26 saw an unprecedented 800% increase in prices, largely driven by...Continue Reading

U.S. Troops Wounded in Rocket Attack on Iraqi Airbase | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 06, 2024, 1:30 PM CDT At least five U.S. military personnel were wounded in a rocket attack on an airbase in western Iraq on Monday, anonymous U.S....Continue Reading

Based on interpretation results of wireline logs data, Kawagarh-l Formation (Exploratory Target) was tested successfully at rate of around 16.4 MMcfgd and 159 bpd of Condensate at choke size 40/64′ at Wellhead Flowing Pressure (WHFP) of 1874 Pounds per Square Inch (Psi). SourceContinue Reading

In a financial update, India’s ONGC revealed that it has made five new discoveries in FY’ 25 so far. Since May 2024, ONGC has made three more discoveries (one onshore and two offshore) in its operated acreages. SourceContinue Reading

Galp has agreed to purchase approximately 0.5 MMtpa of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. SourceContinue Reading

The NO5-A project involves the creation of an offshore platform comprising a topside and a six-legged non-battered jacket. Upon completion, the NO5-A Platform will be the first electrified gas production platform in the North Sea, powered entirely by offshore renewable energy from the nearby Riffgat offshore wind farm. SourceContinue Reading

Diamondback, one of the largest independent operators in the oil-rich Permian basin of West Texas and New Mexico, expects to pumps as much as 276,000 bpd this year, up from an earlier top-end forecast of 275,000 bpd, according to a statement released Monday. SourceContinue Reading