Management
The energy technology company received an order from Twenty20 Energy for 10 gas turbines to power US data center infrastructure.
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
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An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014 but more is needed. -
Wood Mackenzie said "advantaged barrels" that are cheap to extract and with low emissions represent less than a third of untapped resources.
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Nabors expanded its push beyond the oil business by acquiring an Australian solar power company selling a round-the-clock power technology.
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New funding aims to launch up to seven pilots to help expand the deployment of enhanced geothermal systems.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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The funding is for 33 research and development projects which will tackle the technical challenges of capturing CO2.
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Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
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State of Energy report also sees a widening role for natural gas due to robust global LNG demand.
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The use of artificial intelligence in the clean energy sector increases the availability and accessibility of clean energy, making it a more viable and cost-effective alternative to traditional energy sources.
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Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
