Offshore oil storage gets boost
FPSO, an offshore oil and gas processing project capable of crude oil production, storage and export, has become the mainstream production facility for global
Carbon Capture, Utilisation and Storage
In 2023, announced capture capacity for 2030 increased by 35%, while announced storage capacity rose by 70%. This brings the total amount of CO2 that could be captured in 2030 to around 435 million tonnes (Mt) per year and announced storage capacity to around 615 Mt of CO2 per year. While this momentum from announcements is positive, it still
U.S. to sell 26 mln bbls of oil reserves as mandated by Congress
The Biden administration said on Monday it is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had been mandated by Congress in previous years.
ADNOC Gas awards Petrofac contract for landmark carbon capture, utilisation and storage
Petrofac, a leading international service provider to the energy industry, has been awarded an Engineering, Procurement and Construction (EPC) contract by ADNOC Gas for its Habshan Carbon Capture, Utilisation and Storage (CCUS) project, one of the largest carbon capture projects in the Middle East and North Africa region.
Oil storage rise supports case for keeping OPEC+ cuts, sources say
Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet
ICYMI: "Biden to Release 1 Million Barrels of Gasoline to Reduce
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can
Work begins on underground oil storage project
Construction began in Zhejiang province on Saturday on China''s largest commercial underground oil reserve project, further balancing domestic oil supply and
Licencing
The 33rd UK Offshore Licensing Round officially opened on 7th October 2022 and closed for applications for licences on 12 January 2023. The Licensing Round was formulated in compliance with the Climate Compatibility Checkpoint (CCC) which was published by the Department for Business, Energy and Industrial Strategy (now the Department for Energy
Oil Storage Tank Construction: A Complete Guide to Master
Oil storage tank construction is a complex and highly regulated process that requires careful planning, expertise, and adherence to industry standards. By understanding the design considerations, materials, construction methods, and regulatory requirements involved, oil and gas companies can ensure the safe and efficient
Oil Storage Market Trends: Unraveling Growth Trajectories and
5 · NuStar Energy L.P. Horizon Terminals Ltd. The global Oil Storage market size was valued at USD 3874.99 million in 2022 and is expected to expand at a CAGR of 4.53% during the forecast period
Biden-Harris Administration Finalizes Suite of Standards to
With the announcement today, the power sector can make planning decisions with a full array of information. In fact, the agency''s analysis indicates that issuing these rules at the same time is likely to create more efficiency for facilities that are now able to evaluate compliance steps together rather than only for each rule in isolation.
Oil Storage Global Market Report 2023: Increasing Demand for
The global oil storage market grew from $9.41 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The oil storage
Oil Storage Market Research-2032
Published Jun 26, 2024. + Follow. Market Overview: The global Oil Storage market size was valued at USD 3874.99 Million in 2022 and will reach USD 5055.07 Million in 2028, with a CAGR of 4.53%
Cap. 123K Building (Oil Storage Installations) Regulations
Cross Reference (s) Source Note (s) Tick the provision (s) to be printed from TOC: Download. Version Date : 21/10/2021*. Verified Copy [with legal status] (For repealed or
Oil and gas industry faces moment of truth – and opportunity to
Oil and gas industry faces moment of truth – and opportunity to adapt – as clean energy transitions advance rise to 1.5 C would require an entirely inconceivable 32 billion tonnes of carbon captured for utilisation or storage by
China boosts crude oil storage amid soft refinery processing
Over the first four months of the year, China, the world''s biggest crude importer, added 700,000 bpd to storages, a significant volume that goes some way to undermining the market view that oil
Biden-Harris Administration Finalizes Standards to Slash
Announced at COP28, the final rule will advance President Biden''s historic climate agenda, prevent 1.5 billion metric tons of greenhouse gas emissions, and deliver billions of dollars in health and economic benefits WASHINGTON (Saturday, Dec. 2, 2023) — Today, the U.S. Environmental Protection Agency (EPA) announced a final rule that
Biden-Harris Administration Announces Regional Clean
DOE''s new Hydrogen Hub Matchmaker resource is helping clean hydrogen producers, end-users, and others find opportunities to develop networks of production, storage, and transportation
Governor Josh Shapiro''s Energy Plan Builds on Pennsylvania''s
Governor Shapiro''s plan would save Pennsylvania ratepayers $252 million in the first five years, create more than 14,500 jobs, and help Pennsylvania maintain its energy independence. Local, state, and federal government websites often end in .gov. Commonwealth
Oil Storage Market 2024-2031: Market Segmentation, Share,
Published Jun 19, 2024. The global Oil Storage market size was valued at USD 3874.99 million in 2022 and is expected to expand at a CAGR of 4.53% during the forecast period, reaching USD 5055.07
US to buy oil for SPR oil at above $79 target price in latest round
The oil is set to be delivered in September. The price is about $81.32 a barrel, based on the DOE announcement. The energy department has previously said it aims to purchase at a price of $79 per
OPEC news announcements: Effects on oil price expectation and volatility
OPEC announcements. WTI crude oil. 1. Introduction. During the past two decades, historic lows and highs could be witnessed in the crude oil market. "The world seems to have entered an era of higher crude oil volatility", Fattouh (2005) presumed in his study on the causes of oil price volatility.
Biden-Harris Administration Announces $7 Billion For America''s
WASHINGTON, D.C. — As part of President Biden''s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable
Potential underground hydrogen storage capacity based on project announcements
Potential underground hydrogen storage capacity based on project announcements in Europe, 2030 - Chart and data by the International Energy Agency. About News Events Programmes Help centre Skip navigation Energy system Explore the energy system
Weekly U.S. and regional crude oil stocks and working storage
To estimate current working storage capacity utilization, we compare weekly reported crude oil stocks (excluding pipeline fill and estimated barrels in transit by tanker ship, barge,
Denmark set to end all new oil and gas exploration
Denmark will end all new oil and gas exploration in the North Sea, as part of a wider plan to stop extracting fossil fuels by 2050. Its government also agreed to cancel its latest licensing round
Apple expands the power of iCloud with new iCloud+ plans
Beginning today, Apple users will have the option to choose from two additional iCloud+ plans: 6TB for $29.99 per month and 12TB for $59.99 per month. The new plans are a perfect complement to the powerful 48MP Main cameras on the iPhone 15 and iPhone 15 Pro lineups that take photo and video capture on iPhone to the next level with
Oil Storage Terminal Market [2024-2032] | Global Size, Share,
Published Jun 28, 2024. According to latest Repor by Fortune Business Insights™, The oil storage terminal market size was USD 31.14 billion in 2022 and is projected to reach USD 42.13 billion
AP Oil International Latest Announcements (SGX:5AU) | SG
3 · AP Oil International (SGX:5AU)''s latest announcements on earnings, buybacks, dividends, insiders trades, media releases, AGM, EGM, response to queries via SGX. Stock analysis research and articles on this
Huangzeshan oil, bunker fuel storage project reach 50
By the end of this year, the storage tank capacity of the Huangzeshan Bonded Oil Storage and Transportation Terminal will reach 2.55 million m 3, providing an important milestone for the city in building an international maritime service base.
IndianOil to go Net Zero by 2046
Mr Shrikant Madhav Vaidya, Chairman, IndianOil, made the announcement during the Company''s 63rd Annual General Meeting, held on 25th August, 2022. The year 2046 coincides with India completing 99 years of independence and the celebration of its 100th Independence Day.
TC Energy to unlock value by creating two premium energy
This includes our network of oil & liquids pipelines, which supplies and delivers North American crude oil to help meet growing energy needs in Canada and the U.S. Power and Storage TC Energy''s owns or has interests in seven power generation facilities with a combined generating capacity of approximately 4,200 megawatts (MW) –
