Emerging helium and natural gas producer Renergen’s liquefied natural gas (LNG) plant in the Free State has resumed operations following repairs to a faulty drive oil system, which recently causing the company to take the decision to stop operations to protect the helium and nitrogen modules. . Since the repair work was carried out, the system had been thoroughly tested and the LNG system was now operational and producing LNG, Renergen confirmed on 15 November. Commercial deliveries to the company’s customers will begin later this week. The operations team will now focus on the remaining modules to enable the helium…
Author: Automotivedealernews.com
Russian oil and gas company Lukoil has reached 50 million tons of liquid hydrocarbon production in the Russian sector of the Caspian Sea. Lukoil said it has so far discovered 11 fields in the Caspian Sea. The first, named after Yury Korchagin, was discovered in 2000 and launched in 2010. In 2005, Lukoil discovered the Vladimir Filanovsky field with initial recoverable reserves of 129 million tonnes of oil and 30 bcm of gas. It became the largest geological discovery in post-Soviet Russia. Commercial production at the field began in 2016. The company continues to develop the Valery Grayfer field. Its…
Countries negotiating at the climate summit in Egypt are on track to reject calls to phase out the use of all fossil fuels, hitting back at efforts by India and key developed nations to target oil and gas , as well as coal in a global agreement at COP27. The Egyptian presidency released the first draft of its so-called “hedging decision” and largely kept to last year’s pledge in Glasgow to “accelerate measures towards the phasing out of coal power undiminished” and eliminate fossil fuel subsidies. It also maintained its commitment to keep global warming to 1.5ºC. He highlighted that…
Reading Time: 3 minutes Used car batteries are a pain to store in the garage. They take up space, weigh a ton and look ugly. So it’s tempting to drive to the nearest body of water, pop in the battery, watch it sink beneath the waves, and call it a day. Out of sight out of mind. However, throwing car batteries into the ocean can land you in hot water. Not only does it break the law, it also harms the environment and threatens people’s health. It is your responsibility to take used batteries to a recycling station, preferably the…
Texas is heading into a fourth day dealing with an ice storm that has caused power outages, grounded flights and led to fatal crashes on slick roads. Cold weather has gripped the landscape in north and central Texas, as well as parts of neighboring Arkansas, Mississippi and Tennessee since the storm swept through the region on Monday. The ice has brought down trees and power lines and wreaked havoc on transportation across the region. “Today is the last day and then things should be looking up,” said Bob Oravec, a senior forecaster with the U.S. Weather Prediction Center branch. “About…
TotalEnergies plans to explore for oil on South Africa’s west coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could lead to nine additional wells depending on the success of the first, SLR Consulting, which is doing the environmental assessment, said on its website. TotalEnergies did not immediately respond to an email seeking comment. Community and environmental activists in South Africa have blocked seismic surveys, including one planned by Shell in an area known as the Wild Coast, through lawsuits, citing risks to marine life and criticizing consultation processes. The government…
After a slow start to the year, Shell posted profits of $39.9 billion in 2022, double the previous year and the highest in its 115-year history. Shell’s fourth-quarter adjusted net income of $9.81 billion was well ahead of the average analyst estimate of $7.97 billion compiled by the company. It made a profit of $39.87 billion for the full year, surpassing the previous record of $28.4 billion set in 2008. The oil major kept up its share buyback pace by announcing another $4 billion in buybacks in the coming months and followed through with an expected 15% dividend hike. Shell…
French energy giant TotalEnergies is preparing to submit its final application for approval to drill up to five oil or gas wells between Cape Town and Cape Agulhas. The project has met with opposition from environmental groups, but the company says it is part of South Africa’s coal transition. The scope and environmental impact process began in May of this year. If the project is approved, the drilling area will cover about 10,000 square kilometers, with the closest point 60 km from the coast and the furthest 170 km. This application is one of the offshore oil and gas applications…
Offshore Energies UK (OEUK) today warns that more action is needed from both government and industry to support supply chain companies to play a critical role in keeping oil and gas busy at the same time which help build the UK’s future low carbon energy systems. OEUK’s new supply chain report calls on the government to provide a stable regulatory and fiscal framework that provides the supply chain with a predictable and attractive business environment to continue investing in the UK’s energy security. It also calls on the government to work closely with industry to inform decision-making and policies that…
JSE-listed construction group Stefanutti Stocks reported a profit of R9.25 million for the six months ended August 31, compared with a loss of R188.48 million for the six months ended August 31, 2021. Contract income from continuing operations declined to Rs 2.87 crore in the interim period from Rs 3.15 crore in the previous comparable period, but operating profit improved to Rs 54.03 crore of Rs., compared to Rs.8.93 crores in the previous year. period Earnings on total trading were 5.53c, compared with a loss of 112.69c in the previous period, while the overall loss per share narrowed to 25.02c…