Equinor has announced plans to invest over NOK 12 billion along with its partners to further develop the gas infrastructure in the Troll West gas province, to ensure maintaining the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030.
The oil and gas industry, among the biggest worldwide, is crucial to providing the world with the energy it requires. There are many different employment opportunities in the business for those who fulfill the educational and experience criteria. Professionals in the oil and gas industry require a broad variety of technical abilities in order to function successfully and efficiently. With that, it is important to consider the technical expertise needed in the oil and gas sector.
As the world grapples with the urgent need to curb greenhouse gas emissions and combat climate change, the oil and gas industry is increasingly turning its focus toward environmentally sustainable practices. Drilling waste management, a crucial aspect of oil and gas operations, has traditionally been associated with high carbon emissions, elevated costs, and safety risks.
The term rationalization of energy consumption expresses the optimal use of energy or its resources to meet the user’s needs without affecting other beneficiaries of that source of energy. This is done for several reasons, including conserving energy resources as well as reducing environmental pollutants that are emitted as a result of energy production.
In the most recent escalation between Israel and Iran, the two sides have, for the first time, directly confronted each other, abandoning the use of proxies in Lebanon, Yemen, Syria and Iraq. Although the escalation did not result in substantial damage, it has drawn attention to the potential threat of a real escalation between Iran and Israel. The implications extend to both regional security and the stability of the energy market.
Qatar is gearing up to signing more long-term natural gas supply deals in 2024 in order to meet growing global demand, Qatari Energy Minister Saad al-Kaabi stated, according to Al Monitor.
TechnipFMC has secured an Engineering, procurement, Construction, and Installation (iEPCI™) contract awarded by Woodside Energy to support the ongoing production of Pluto liquefied natural gas LNG Project in Australia.
TotalEnergies announced on Wednesday the first oil production from the Elfisk North project ahead of plan in the Greater Ekofisk Area in the North Sea, with production rates of 15,000 barrels of oil equivalent per day (boe/d) at peak. In December 2022, the Norwegian authorities approved the Eldfisk North Plan for Development and Operation with original production start scheduled in the second quarter of 2024.
Shell reported a first-quarter profit of $7.7 billion, exceeding analysts’ expectations for adjusted earnings of $6.46 billion, compared to $9.65 billion the previous year earlier.
The Egyptian Refining Company (ERC) has contributed c.90% to Qalaa Holding’s total revenue during the financial year ending 31 December 2023 (FY 2023).
