XTO Energy Inc, a subsidiary of ExxonMobil Corporation, has drilled a horizontal well in the Permian basin using Nabors PACE-R801 fully automated land rig. The rig is contracted to drill three horizontal wells on a test pad in Midland County, Texas. The rig…
The Boegoebaai “green hydrogen” development has been designated a Strategic Integrated Project (SIP) in the South African National Development Plan and is located in the Namakwa Special Economic Zone (SEZ). The project’s location and classification as a SIP are key enablers to exploring Boegoebaai’s…
On 15 September 2021 Poland signed its first Offshore Wind Sector Deal. This Government-industry collaboration aims to establish a leading offshore wind industry in Poland. Under the Sector Deal the industry commits to the creation of up to 60,000 direct and indirect jobs in…
Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately ten billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total…
Prime Minister Mustafa Al-Kazemi attended a signing ceremony on the 6th October for the construction of five new solar power stations by Masdar (Abu Dhabi Future Energy Company). This covers the first phase of the project, covering 1,000 megawatts of power out of a…
Russian Deputy Prime Minister Alexander Novak said on the 6th October that certification of the Nord Stream 2 undersea gas pipeline, which expects clearance from a Germany’s regulator, could cool soaring European gas prices. Prices have spiked in response to a recovery in demand, particularly from Asia, when…
Stena Power and LNG Solutions and Global Energy Storage (GES) have formed a partnership to advance LNG logistics and storage opportunities. They plan to offer their full LNG terminal and logistics services, expertise from floating storage and regasification units (FSRU) to onshore terminals and…
ExxonMobil has increased its participation in the proposed Acorn carbon capture project in Scotland by signing an expression of interest to capture, transport, and store CO2 from its Fife ethylene plant. The agreement to include the ethylene plant, in Mossmorran, is in addition to a…
BP Plc has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state. The projects – which aim to improve the refinery’s efficiency, reduce its carbon dioxide emissions and increase its renewable diesel production capability –…
Panametrics, a Baker Hughes business, has made its flare control and digital verification platform, flare.IQ, available to upstream operators for the first time. Flare.IQ was originally launched in 2017 to support oil and gas downstream operations, but a new feature enables upstream operators to…
