Tag: gas
-
10 companies compete to store liquefied petroleum gas in Kenya
Kenya’s new LPG storage terminal project is set to welcome 10 companies that have expressed interest in entering the market; This may enable the country to secure fuel supplies for homes in the medium and long term. The Kenyan company, Fossil Supplies Limited, announced that it has submitted an environmental impact report for the project…
-
Licenses to explore for oil and gas in 900 sites in Sri Lanka
Sri Lanka relies entirely on oil and gas exploration activities to enhance its energy productivity, in light of the suffering of the South Asian country from a shortage of fuel supplies due to a financial crisis that seems intractable, at least for the time being. In this context, the state is preparing to issue two-year…
-
The UAE Minister of Energy reveals the reason for the fluctuations in the gas market (photos)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the conditions in the oil market are balanced on the supply and demand side. He said in press statements on the sidelines of the launch of the activities of the Sustainability Week in Abu Dhabi: “I think that the market is completely balanced, and this…
-
Features of the global oil and gas markets during 2024 (report)
Read in this article Global oil production may rise to a record level in 2024. Higher oil production than consumption may drop crude prices. Growth in global oil demand may exceed 1.7 million barrels per day. Expectations of a decline in gasoline and diesel prices in the United States during 2024. Natural gas production in…
-
The oil and gas sector in Algeria is awaiting the pumping of $40 billion in investments to increase production
The oil and gas sector in Algeria is expected to pump $40 billion over the next 5 years, as part of a strategic plan aimed at increasing production to secure growing domestic demand and increase exports. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said that his country is planning a…
-
Oil and gas exploration in Norway rebounds with 47 new licenses
Oil and gas exploration continues in Norway, through huge deals announced by the state, granting exploration companies 47 new licenses recently, as part of its interest in this vital sector. Far Energy, a subsidiary of the Italian company Eni, has obtained 12 new exploration licenses in Norway, of which it will operate 5, reinforcing its…
-
Exporting natural gas or petrochemical products… Which is a priority for Iran? (article)
Read in this article • Iran consumes most of the natural gas inside the country in the sectors of fuel, raw materials and injection • Iran exports 70% of the final products of the petrochemical industry and consumes 30% locally • The competition between methanol and LPG will depend on the price of oil in…
-
Oil and gas production in Norway may rise to record levels in 2023
Oil and gas production in Norway is expected to rise to record levels in 2023, serving Europe’s aspirations to rely on the country to compensate for the lack of Russian supplies. And the Norwegian Oil Directorate revealed – today, Monday, January 9 (2023) – that Norwegian oil production is expected to increase by 6.9% this…
