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BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition toward cleaner sources of energy.
More information 2021-12-03The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter.
More information 2021-11-02OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic.
More information 2021-10-22Deutsche Edelstahlwerke (DEW), a company in the SCHMOLZ + BICKENBACH Group, are expanding their portfolio for additive manufacturing. Printdur® HSA is a metal powder produced using gas atomization, which has an 99 % austenitic structure in its as built condition. As a consequence, the material is non-magnetic. It is characterized by significantly improved strength values and offers potential to be applied in many industries.
More information 2021-10-15The Middle East is set to lead capacity growth in the global gas processing industry from planned and announced (new build) projects between 2021 and 2025 and account for around 37% to the global gas processing capacity growth by 2025, forecasts GlobalData, a leading data and analytics company.
More information 2021-07-16The OPEC+ crisis sent oil prices lurching as the cartel left the market wondering whether supply will rise or fall.
More information 2021-07-09Crude oil inventories in America’s largest storage hub could fall to historically low levels by the end of September as the demand rebound continues to outpace production.
More information 2021-06-25The global oil market is calling out for a substantial increase in supplies, but OPEC+ is expected to provide only a fraction of what consumers are demanding.
More information 2021-06-25New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023.
More information 2021-06-18Energy giant BP sees a strong recovery in global crude demand and expects it to last for some time, with U.S. shale production being kept in check, according to CEO Bernard Looney.
More information 2021-06-10