The closure of the Buzzard North Sea Oil Field has had a significant impact on the Forties crude surplus, contributing to a balancing effect in the oil market. This closure, although temporary, has led to a reduction in oil production from one of the key sources in the North Sea …
Sand erosion poses a significant challenge in oil and gas production, impacting equipment integrity, operational reliability, and safety. This excerpt explores the complexities of sand erosion, highlighting its causes, consequences, and mitigation strategies. From the abrasive action of sand particles to the development of erosion-resistant materials and advanced monitoring technologies, …
Saudi Aramco’s recent $12 billion share sale was announced with much anticipation. The process, designed to be swift, began early in the morning and astonishingly concluded within a few hours, demonstrating unparalleled demand. This share sale occurred amid a backdrop of economic uncertainty and fluctuating oil prices, yet its success …
The growth of wind and solar energy in the EU represents a historic opportunity to transition towards a sustainable, low-carbon energy future. By displacing fossil fuel generation, reducing carbon emissions, and driving innovation, investment, and consumer choice, renewable energy plays a central role in achieving the EU's climate and energy …
As Japan pledges a $1 billion loan to support the development of Woodside’s Scarborough LNG project in Australia, the global energy landscape witnesses a significant shift towards sustainable energy solutions. This strategic partnership underscores the growing collaboration between nations in meeting the increasing demand for liquefied natural gas (LNG) and …