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Transporting Hydrocarbon The Economic Way

Hydrocarbons are a crucial part of every industry and in powering everyones' lives. When it comes to hydrocarbon transportation, the world looks at several means and chooses the safest, fastest, and most economic. The hydrocarbon transportation methods, whether it is to move natural gas or petroleum products, differ according to the amount and distance they travel, and they include: maritime navigation, land transportation, and pipelines. As the war between Russia and Ukraine goes on, several countries start eying the European market and studying the best transportation options for oil and gas.

SSE Thermal, Equinor Acquire Triton Power, Prepare for Hydrogen Transition

Equinor and SSE Thermal are stepping up their efforts to contribute to decarbonization in the UK as Energy Capital Partners (ECP), an energy-transition infrastructure investor, is selling Triton Power to the companies, and they are preparing to use hydrogen in the Saltend Power Station.

Ministry of Petroleum, GE, Enppi Organize Emissions Reduction Workshop

Under the patronage of Minister of Petroleum and Mineral Resources Tarek El Molla, the Ministry of Petroleum and General Electric (GE), in cooperation with the Engineering for the Petroleum & Process Industries (Enppi), organized a workshop to exchange visions on the latest technologies in the field of emissions reduction in various activities of the petroleum sector.

Iraq’s Basra Oil Company to Acquire Largest Share in ExxonMobil’s Stake in the West Qurna 1 Oilfield

Following the approval of the 2022 budget, Iraq's Basra Oil Company will acquire the largest share of Exxon Mobil's stake in the southern West Qurna 1 oilfield, oil minister Ihsan Abdul Jabbar said, Reuters reported.

Gazprom Notes Significant Progress of Gas Grid Expansion

The Gazprom Management Committee noted the progress of additional gas infrastructure expansion in the constituent states of the Russian Federation throughout the year 2022, including efforts to bring pipeline gas to residents within localities currently covered by the gas grid free of cost for the population.

Cenovus to Purchase bp’s 50% Stake in the Canadian Sunrise Oil Sands Project

Cenovus Energy Inc. announced on Monday that it will purchase bp's 50% ownership in the Sunrise oil sands project in northern Alberta, bolstering the Canadian energy company's position in the industry, Reuters reported.

Strategic Partnership Between Microsoft, Petronas Grows Stronger with Latest Renewable Energy Agreement

A new agreement between PETRONAS and Microsoft to use renewable energy and collaborate to co-innovate digital solutions to support PETRONAS' efforts to decarbonise the company has strengthened their strategic partnership today.

Venezuela Receives Its Second Iranian-Built Tanker.

In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.

Eni Opens First Hydrogen Refueling Station in Venice Mestre

In the presence of Venice Mayor Luigi Brugnaro, Eni Energy Evolution Chief Operating Officer Giuseppe Ricci and Toyota Motor Italia CEO Luigi Ksawery Luca, Eni Energy Evolution inaugurated the new San Giuliano Enistation in Mestre, Venice. A hydrogen-powered refueling station has been opened to the public in an urban area of Italy for the first time.

The Rouble Gas Ultimatum: A Game of Economic Chess

As the relationship between global conflicts and economics increases in its complexity, currency has become just another one of many pieces to make that final checkmate move. In defiance of international sanctions, embattled Russian President Vladimir Putin declared that all “unfriendly” countries that have bought Russian energy supplies must fulfill their payments in roubles. This stood as a pressing challenge for the European Union, which gets an estimated 40% of its natural gas from Russia. Though several countries have asserted that the contract does not legally require them to pay using the Russian currency, they might not have any other option but to comply. While this request has received its fair share of criticism, it is a key decision that will force the energy market to support the value of the rouble in the face of tumultuous economic conditions.

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