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BP Egypt announced a “significant” gas discovery in the East Nile Delta. The well was drilled using the sixth-generation semi-submersible rig Maersk Discoverer in water depth of 649 meters (2,129 feet) and reaching a total depth of around 7,000 meters (22,966 feet). BP production and exploration in Egypt. Click to enlarge.
Water consumption or withdrawals per unit of energy produced, by energy type, in the United States. With increasing frequency ,” write the Pacific Institute researchers, “ we value energy production over water production. ”. by Jack Rosebro. Source: DHI Group. Click to enlarge. Climate change.
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. Click to enlarge. Background.
Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Still in its infancy as a commercially viable fuel, hydrogen produced sustainably by using renewable energy to power the electrolysis of water can provide vast quantities of clean fuel. Many more will follow.
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.
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