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OMAN INCREASES ITS APPEAL TO CHINA AND IRAN WITH GAME CHANGING DUQM PROJECT.
The long-awaited Duqm Refinery Project (DRP), valued at US$8.5 billion and capable of processing 230,000 barrels per day (bpd), was officially inaugurated on 7 February, this project, along with ancillary projects costing approximately US$10 billion, enhances Oman's appeal to China and nearby Iran.
- 2 years, 5 months
MEET THE MAN USING AI TO REVIVE AN OIL & GAS PLAY SUPERMAJORS LEFT FOR DEAD.
A North American company is preparing to drill two wells that could be crucial for a new phase of European energy.
- 2 years, 5 months
CANADA OIL FACES FRESH PIPELINE SHORTAGE.
The expanded Trans Mountain will add 590,000 barrels daily to the country's oil pipeline network. With production already on a growth trajectory, it will only provide producers with offtake capacity relief for a very short while. Canadian oil production could hit 5.3 million barrels daily this year, this would be a record high and an excess on the country's pipeline network.
- 2 years, 5 months
RUSSIAN ENERGY IS TOO CHEAP FOR SOME COUNTRIES TO RESIST.
While some countries decrease reliance on Russian energy due to sanctions, others, like China and India, deepen ties with Moscow to secure low-cost energy supplies. China and India's increased imports of Russian energy contribute to a decline in oil prices and undermine the effectiveness of U.S. and EU sanctions. India's defense of buying Russian energy highlights its strategic energy and economic considerations amid global geopolitical tensions.
- 2 years, 5 months
SAUDI ARABIA CAN NO LONGER RAISE OIL OUTPUT FOR CASH.
. Saudi Arabia has been spending heavily both abroad and at home. . As a result, last year, the Public Investment Fund’s cash and treasury assets slimmed from over $105 billion in 2022 to some $37 billion as of September. . Perhaps the decline in sovereign wealth fund money was part of the reason why Saudi Arabia announced earlier this month it would cancel a planned oil production capacity expansion.
- 2 years, 5 months
GOLD HYDROGEN COULD BE A GAME-CHANGER FOR ENERGY MARKETS.
For some time now, we’ve seen the race to develop non-fossil energy technology heat up, most emphatically in the nuclear arena.
- 2 years, 5 months
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