If it gets financial backing, the plant at the BP’s Lingen refinery in northwestern Germany would draw 50 megawatts of electricity from North Sea wind farms to make hydrogen. The gas would power 20% of the refinery’s energy needs and replace streams of hydrogen now made with fossil fuels. SourceContinue Reading
Abu Dhabi National Energy Co., as Taqa is formally known, will let outsiders hold 49% of its shares effective immediately, the board said in a statement on Tuesday. SourceContinue Reading
The 2020 ADIPEC conference, traditionally held in Abu Dhabi, is being conducted virtually this year. From oil price and demand projections to green energy outlooks, following are highlights from Monday’s proceedings. SourceContinue Reading
The 2020 ADIPEC conference, traditionally held in Abu Dhabi, is being conducted virtually this year. From oil price and demand projections to green energy outlooks, following are highlights from Tuesday’s proceedings. SourceContinue Reading
The Texas Railroad Commission’s action made changes to the application for flaring exceptions, reducing exception time and providing incentives to use technical alternatives to gas flaring. SourceContinue Reading
Various indicators of oil-market strength firmed following news that a vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of symptomatic infections in a large-scale study. SourceContinue Reading
While headline crude prices notched up percentage gains into the double digits on Monday, there was a broader- based surge in everything from jet fuel premiums, down to more arcane measures that traders use to gauge the health of the oil market. SourceContinue Reading
Oman is seeking to raise money off the back of its largest oil block, as the cash-strapped Gulf nation looks for new ways to tame its budget deficit and steady a reeling economy. SourceContinue Reading
The monthly Oilfield Services and Equipment Employment Report, compiled and published by PESA, estimates job losses due to pandemic-related demand destruction now total 92,302. OFS employment is down 101,087 jobs since October 2019. SourceContinue Reading
Three platforms Tern, Cormorant Alpha and Harding will initially use the AI predictive analytics technology, with an option to add a fourth platform, North Cormorant once sensors and communications are installed. SourceContinue Reading
