To support the inflow control of wells, Tendeka has installed more than 50,000 FloSure AICDs around the world
Global completions specialist Tendeka has secured more than $30 million worth of international contracts within the last quarter which will cover the next three years. In addition to this unplanned revenue, the company has won long-term work with operators for its swellable packers and sand and inflow control technologies across key energy hubs, including the […]
The current pipeline of projects aims to produce about 30 million tonnes of hydrogen per year by 2040, with an annual requirement of 620 million cubic meters of purified water
The global pipeline for green hydrogen projects is growing fast, with a current target of 206 gigawatts (GW) in installed electrolyzer capacity by 2040. However, a Rystad Energy analysis reveals that the locations of the planned projects are overwhelmingly in areas where water is in short supply. This means that an additional desalination market needs […]
Your weekly commodity update from Saxo Bank
The commodity rally continues with the Bloomberg Commodity Spot Index hitting a fresh ten-year high this past week. It is however worth noting a sharp divide has started to emerge between the different sectors with performance becoming a lot less synchronized than what we saw during the first half of 2021. The worst performing sector […]
bp and ADNOC intend to continue decarbonizing existing oil and gas operations through the use of methane detection, CCUS and pioneering digital technologies
bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy, creating potentially thousands of energy jobs. The first agreement would see the companies collaborate to initially develop 2GW of low carbon hydrogen across hubs in the UK and UAE, with […]
It estimates that, between 2015 and 2020, around 1,100 geothermal wells were drilled for power generation, with an average of 180 per year in the period
Renewed interest in the geothermal sector in recent years, which has seen oil and gas majors make investments in numerous startups, is set to see a new record in the number of wells drilled for power generation, surpassing 200 this year for the first time. Spending on geothermal activity is expected to boom in the […]
The three-square-kilometre dry port will enable the future joint venture to capture the growing demand for logistics services for energy-related products in the Middle East and beyond while also serving the neighboring industrial cities
SPARK and Hutchison Ports are pleased to announce the signing of a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city. Designed to ensure ease of access to global markets, the three-square-kilometre dry port will enable the future […]
Efficiency and streamlined operations are the hallmarks of both digitalisation and decarbonisation...
If we want to hit net-zero carbon emissions, we need to increase our share of low-carbon fuels in the energy mix. This is accurate enough, but as outlined in the International Energy Agency’s World Energy Outlook 2020, “avoiding new emissions is not enough: If nothing is done about emissions from existing infrastructure, climate goals are […]
The price per share for the ADNOC Drilling IPO has been set at AED 2.30
The Abu Dhabi National Oil Company (ADNOC) today announces that it has set the offer price per share for the initial public offering of ADNOC Drilling Company PJSC at AED 2.30, implying an equity value of $10 billion. The offer price was determined by ADNOC, as the selling shareholder, and ADNOC Drilling, following investor engagement […]
bp’s strategy aims to significantly expand its low carbon energy interests, with a target of having developed 20GW net of renewable assets by 2025
bp has announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president, gas and low carbon energy, and member of bp’s leadership team. Until recently she was chief executive officer of RWE Renewables, one of the world’s leading renewables businesses. Anja-Isabel will join bp on March 1st 2022. Bernard Looney, bp chief executive, […]
Turkey is expected to be the third largest contributor to working gas capacity additions globally by 2025
Russia, China, and Turkey are expected to lead global working gas capacity additions, collectively contributing 54% of the total working gas capacity additions from planned and announced projects between 2021 and 2025, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage to 2025’, […]
