Friday, 05 November 2021 10:32
China to lead Asia LNG regasification capacity additions through 2025, forecasts GlobalData
China is expected to lead the Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook…
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Oil & Gas
Thursday, 04 November 2021 14:39
Welltec® launches new Well Tractor®
Welltec’s all-new Continuous Variable Tractoring (CVT) solution builds on a pioneering conveyance heritage to once again transform well interventions. Welltec® has launched a fully revised and transformed design of the pioneering Well Tractor® conveyance solution: Well Tractor® 212 CVT, equipped…
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Oil & Gas
Thursday, 04 November 2021 10:23
UK firms rally to highlight hydrogen’s role in becoming a net zero nation
Leaders from some of the UK’s most pioneering organisations have joined forces to explore the role of hydrogen in decarbonising the country’s industry, transport, and domestic heating sectors – which amount to 40% of the UK’s emissions, and the equivalent…
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Oil & Gas
Wednesday, 03 November 2021 13:42
SAS, Vattenfall, Shell and LanzaTech to explore synthetic sustainable aviation fuel production
Vattenfall, SAS, Shell and LanzaTech will together investigate the production of the world’s first synthetic sustainable aviation fuel (SAF) using the LanzaJetTM “Alcohol to Jet” technology on a large scale in Sweden. Instead of using virgin fossil material in the…
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Oil & Gas
Tuesday, 02 November 2021 09:36
STATS Group invest £1 million to tap into Australian pipeline market
STATS Group has established a new Australian entity and will invest up to $AUD 2 million (£1 million) in workshop facilities and intervention equipment to support its drive in the country’s pipeline integrity market. The pipeline technology specialist has been…
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Oil & Gas
Monday, 01 November 2021 09:30
Peru requires private investors to ramp up natural gas production and accelerate transition towards cleaner energy, says GlobalData
Peru has signed the Paris Agreement and committed to develop policies to increase the share of renewable energy sources from current 5.5% to at least 20% by 2040. However, the country needs significant capital investments to ramp up its natural…
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Oil & Gas
Thursday, 28 October 2021 21:21
NETZSCH exhibits at ADIPEC: The long service life of NOTOS® multi screw pumps convinces on the oil field
NETZSCH Pumps & Systems will be exhibiting at ADIPEC in Abu Dhabi. At this trade fair, NETZSCH will present NOTOS® multi screw pumps. These pumps are designed for the oil and gas sector to handle difficult media. Due to their…
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Oil & Gas
Thursday, 28 October 2021 21:16
Powder River’s ramp up in drilling activities could signify the end of a year-long downward trend
Rig count in the Powder River basin, situated in Wyoming and Montana, has increased almost four-fold from four in April 2021 to 17 in August 2021, according to GlobalData. The leading data and analytics company notes, considering the recent sustained…
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Oil & Gas
Monday, 25 October 2021 11:32
ADC Energy identifies upgrade to reduce rig emissions by almost 5,000 tonnes per year
ADC Energy, a specialist provider of integrated rig inspections, has completed a project with a major rig owner which identified that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by almost 5,000 tonnes per year. Upgrade to power…
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Oil & Gas
Monday, 25 October 2021 09:33
Strong petroleum products demand continues to boost refining sector in China, says GlobalData
China is likely to start the operations of 42 crude oil refinery projects or 26% of the total crude oil refinery projects in Asia between 2021 to 2025 to meet the growing demand for plastics and petroleum products, says GlobalData,…
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Oil & Gas
Thursday, 21 October 2021 09:51
OPITO reconfirms commitment to the energy workforce through standardised training approach
Ahead of the United Nations Climate Change Conference (COP26) in Glasgow, OPITO, the global safety and skills body for the energy industry, has reconfirmed its intention to identify commonalities between existing energy skills training and assessments to support global standards…
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Oil & Gas
Wednesday, 20 October 2021 10:58
Endress+Hauser and UT-PETEX Announce Training Collaboration
PETEX to use Endress+Hauser’s PTU® (Process Training Unit) in Houston for training courses and classes starting fall of 2021. Endress+Hauser and the Petroleum Extension (PETEX®), a unit of the Cockrell School of Engineering at the University of Texas at Austin,…
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Oil & Gas
Wednesday, 13 October 2021 09:54
Sapphire Technologies Closes Series A Funding Round with Investments from Cooper and Company, Equinor Ventures and Chevron Technology Ventures
Sapphire Technologies has just announced that it has closed its Series A round led by Cooper and Company and joined by Equinor Ventures and Chevron Technology Ventures. The investment capital will be used to scale up manufacturing and distribution of…
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Oil & Gas
Wednesday, 13 October 2021 09:50
Angolan crude production expected to continue decline but marketed gas reaches record high of 720mmcfd in 2021
Angola’s crude oil production has seen a drastic decline of almost 30% in just six years, from 1.7 million barrels per day (mmbd) in 2015 to just shy of 1.2mmbd in 2021, according to GlobalData. The leading data and analytics…
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Oil & Gas
Tuesday, 05 October 2021 12:45
BHP merger adds complications for Woodside’s energy transition narrative
The merger of BHP’s petroleum business with Australian oil and gas producer, Woodside. The deal adds significant oil production for Woodside and will ultimately lead to a more carbon intensive product base over the near term, says GlobalData, a leading…
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Oil & Gas