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BP Egypt announced a “significant” gas discovery in the East Nile Delta. BP production and exploration in Egypt. BP, with a history in Egypt stretching back 50 years, is one of the largest foreign investors in the country. The deepwater exploration well, named Salamat, is the deepest well yet drilled in the Nile Delta.
Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.
The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits, the agency notes. million bbl/d of crude oil in 2007 to 1.1
A new study from WCS (Wildlife Conservation Society) and WWF finds that nearly 20% of tropical Intact Forest Landscapes (IFLs) overlap with concessions for extractive industries such as mining, oil and gas. The total area of overlap is 376,449 square miles (975,000 square kilometers), about the size of Egypt. Grantham et al.
Egypt-based Pharos Marine unveiled plans for a 60-meter dual-fuel hydrogen-diesel electric superyacht, the Orcageno. The propulsion system uses a generator driven by a hydrogen-diesel internal combustion engine which can be operated by either hydrogen or diesel oil to provide power for the Azipod units. Superyachttimes.com.
Technip Italy SpA announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the $1.5-billion billion modernization project of the Assiut refinery, Upper Egypt.
BP and Maersk Drilling will collaborate to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources. BP also sees potential applications for the technology in Egypt, Azerbaijan and other deepwater basins around the world.
Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.
This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Forecasts Fuel Efficiency Fuels Market Background Oil' —Outlook.
Territories that were largely desert in the middle of the 20th century are now thriving oil economies. It is this vision that has triggered a slew of recent green hydrogen investment deals in Abu Dhabi, Dubai, Egypt, Jordan, Morocco, Oman and Saudi Arabia. Many more will follow. However, the cost is one very large fly in the ointment.
Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years. This transaction will bring to Total: 2.5 MTPA of liquefaction capacity to reinforce Total's existing portfolio, bringing it to 23 MTPA by 2020, with 16.6%
While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations. The Levant Basin contains the activity closer to Cyprus, while the gas production offshore Egypt is a part of the Nile Delta Basin. —Sergey Paltsev. Click to enlarge. Background.
Processes such as oil extraction from sources such as tar sands and deep-water offshore oil wells, as well as the expansion of first-generation biofuels such as corn-based ethanol are setting the stage for a “ water/energy collision ” of resource management policies. Climate change.
They predict a significant shift in the powertrain mix over the next three to four years, with CNG emerging as the clear number two behind crude oil-based fuels in the transportation sector. “A few stand out: Egypt, Tanzania, Peru, Bangladesh, and Indonesia. Industry analysts are effusive about the sector.
A new analysis by European environmental NGO Transport & Environment finds that Europe burns more than 17,000 tonnes of rapeseed and sunflower oil every day—the equivalent of 19 million 1-liter bottles. Supermarkets have had to ration vegetable oils and prices are soaring. In a time of scarcity we must prioritize food over fuel.
New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.
Syria’s Ministry of Petroleum and Mineral Resources has announced a tender for investing in oil shale in the Khanaser area, 103 km in southeastern Aleppo, over an area of 150 km 2 divided into 14 blocks with geological reserves of 2.3 Oil shale deposits in Syria. According to The Oil and Gas Journal , Syria had 2.5
In the presentation to investors, Celanese executives said that TCX enables the company to produce ethanol at the equivalent of gasoline produced with $60 per barrel crude oil (around $1.50/gallon).
Over the past few years I’ve published assessments of the hydrogen strategies of multiple jurisdictions, including the United States, Australia, Japan, Morocco, Algeria, Egypt, the EU, and the Canadian province of Ontario, among others. News of the German chancellor coming, cap in hand, begging for liquid natural gas and hydrogen.
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