Author: Rigs & Barge World
President Trump has been signing numerous executive orders since his inauguration on January 20, with a notable focus on energy policy. One significant action includes declaring a national energy emergency, which has profound implications for both the U.S. and global energy sectors. This declaration has led to:New LNG terminal approvals and an increase in Alaskan oil production.Revocation of the Biden administration’s drilling ban in most U.S. coastal waters.Withdrawal of the U.S. from the Paris Climate Agreement for the second time under Trump’s presidency.These actions are aimed at significantly boosting U.S. oil and gas production, potentially positioning the U.S. to become…
Media release: Boosting gas supply a priority for Australia’s economic and energy security | Australian Energy Producers Skip to content Source link
Drill pipe circulating head It is device make up with drill string with circulating hose or high pressure checkson lines for following purposes.** PT casing through drill string with cement unit** Performing cement job through stinger.** For circulating through string to change out rotary hose or wash pipe. Source link
Despite the arrival of Iran’s long-awaited response to President Trump’s letter, delivered through an intermediary on Saturday, geopolitical tensions between the US and Iran have escalated, marked by increased rhetorical hostility. The threats and counter-threats that started coming out from both camps frequently in these days could have an impact on the prices of crude oil that in turn could push the inflation up. As far as the US economy is concerned, inflation in the world’s largest economy was a major issue during the presidential campaign; President Trump vowed to tame the inflation by reducing the energy prices, something that has…
Adnoc’s XRG announced on 28 March that it has completed its acquisition of the 10% stake of Portugal’s Galp in the Area 4 concession of Mozambique’s Rovuma Basin, marking its entry into the international LNG sector. The deal was originally inked last May, during the same week as it announced a deal to invest in NextDecade’s under-development Phase 1 Rio Grande LNG project in the US (MEES, 24 May 2024). The deal gives XRG access to LNG projects with a combined potential production capacity of more than 25mn t/y, including stakes in the operational 3.5mn t/y Coral South Floating LNG…
The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the company’s fiscal year results in 2024. The company significantly increased its production, refining more than 46 million barrels during 2024, compared to approximately 29 million barrels in 2023. This led to a 26% increase in diesel production compared to the previous year, covering approximately 20% of local…
Transcript: Samantha McCulloch on Sky News with Kieran Gilbert discussing Australian Energy Producers’ Federal Election priorities | Australian Energy Producers Skip to content Source link
In contrast, models from companies like OpenAI are known for consuming vast amounts of energy for data processing, which in turn increases the demand for fossil fuels, especially natural gas, to power global data centers. DeepSeek’s energy efficiency could mean that the expected exponential growth in energy demand at data centers might not materialize as anticipated.The oil and gas sector, which has seen static demand for some time, had hoped that AI-driven sectors would increase the need for fossil fuels to power advanced computing systems. However, if AI operations prove more energy-efficient than expected, these companies might need to seek…
Upstream oil and gas acquisitions that involve a company buying in a new basin are more likely to generate a short-term negative shareholder reaction than deals in basins where companies have existing operations, according to a new report from Evaluate Energy. An analysis of the 153 corporate mergers valued at $50 million or more between January 1, 2014, and August 31, 2024 showed that buying assets in new basins resulted in mostly negative share price reactions the day after the deal was announced. The trend is most likely linked to valuation metrics and costs, according to Evaluate Energy Senior…
Mud gunUsed to shear/mix mud in the mud tank it is usually installed near to Corner of mixing tank. It enhance agitation of mud, Where agitation by agitator is limited, as agitator is installed in the middle of tank.It can be used to transfer mud between the mud tanks. Source link