Following trials of its proprietary technology for taking plastic waste and processing it into raw materials for use in toys, food packaging and even furniture, ExxonMobil has announced it will build its first large-scale facility for advanced plastic Continue reading ExxonMobil to build industrial-scale advanced recycling plant
Northern Lights orders two CO2 carriers
Northern Lights, a carbon capture and storage (CCS) project based in Norway, has ordered two carbon dioxide (CO2) carriers from Dalian Shipbuilding Industry Co. of China.
The project is a Continue reading Northern Lights orders two CO2 carriers
How can you reduce the cost of lubrication?
Stocking up on a healthy supply of lubricant is not the biggest outlay in a typical budget for maintenance. Continue reading How can you reduce the cost of lubrication?
TotalEnergies adopts tech to lessen methane emissions
Energy firm TotalEnergies has announced it will deploy a revolutionary new technology to reduce emissions of methane at its Barnet gas field Continue reading TotalEnergies adopts tech to lessen methane emissions
Saudi Aramco poised to become world’s most valuable company
The predominantly state-owned oil giant Saudi Aramco may soon overtake Apple as the world’s biggest company by market capitalisation. According to Bloomberg, Apple’s market cap of US$2.3 trillion is being closely followed by Aramco, at Continue reading Saudi Aramco poised to become world’s most valuable company
EIA predicts growing energy demand
According to the US Energy Information Administration’s (EIA) International Energy Outlook for this year, the global demand for energy is expected to rise through the first half of this century to fuel economic growth and meet the needs of a Continue reading EIA predicts growing energy demand
Major shale player says oil prices in OPEC’s hands
Pioneer Natural Resources, one of the biggest US shale operators, has said that the US shale patch will not have a big say in which direction oil prices go, with it being mostly determined by the OPEC+ group of Continue reading Major shale player says oil prices in OPEC’s hands
OPEC+ decides against accelerating output rises
At their latest meeting, the members of the OPEC+ group of countries have decided to stick with their existing plan to gradually increase oil production by 400,000 barrels per day Continue reading OPEC+ decides against accelerating output rises
Shell signs deal for solar power
Shell has made its first foray into the UK solar power sector by forming partnerships that could see at Continue reading Shell signs deal for solar power
TotalEnergies helps establish clean hydrogen fund
Energy company TotalEnergies, together with industrial gas supplier Air Liquide and concessions and construction company Vinci, has set up an investment fund to Continue reading TotalEnergies helps establish clean hydrogen fund