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IEA: The world needs upstream oil and gas investment

Oil & Gas 360ยบ

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.

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Oil Prices Rebound on Resilient Demand Signals

OilPrice

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Even an estimated U.S.

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Reducing Carbon Intensity with Renewable Propane

POWER Magazine

today is produced as a byproduct of natural gas processing and crude oil refining, which are not considered โ€œgreenโ€ technologies. Most propane used in the U.S. However, renewable propane availability […] The post Reducing Carbon Intensity with Renewable Propane appeared first on POWER Magazine.

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Energy Market Assessment: Restoringย upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360ยบ

(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line).

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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. The gas could also be used for power to support data centers.

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Africaโ€™s oil and gas investment to hit $43 billion in 2025

Oil & Gas 360ยบ

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. By Tsvetana Paraskova for Oilprice.com

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Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels

NGT News

Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The plant would no longer produce fuels from crude oil but instead would make fuels from used cooking oil, fats, greases and soybean oils. to produce renewable fuels.

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