Energy sector training provider AIS Survivex has launched a new ‘selfie’ photography competition, a statement sent to Rigzone has revealed. The competition aims to celebrate and showcase the working day of workers in the oil and gas, wind, marine and public services and construction sectors, the statement highlighted. Four winners are offered a training course or package of their choice, the statement said, adding that the prize was “potentially valued at thousands of pounds each”. In the statement, AIS Survivex noted that it trains tens of thousands of energy workers annually in specialized skills such as rigging and lifting, rope…
Author: Automotivedealernews.com
You’re driving and out of nowhere you see smoke and steam coming out from under the hood. When your engine overheats, it can be a stressful and scary situation, especially if you’re in the middle of nowhere. Unfortunately, even with routine maintenance services, engines sometimes overheat and can cause damage. This is especially true when proper precautions and appropriate actions are not taken. Nothing like a hot engine to ruin your road trip and your bank balance. Read on to learn why your engine might overheat and what to do if you’re out and about when it happens. What does…
A major oil field in Libya came to a complete halt as political tensions resurfaced in the nation that sits atop Africa’s largest reserves. The Sharara field in the southwest of the country started to shut down on Thursday afternoon and stopped completely overnight, according to a person familiar with the matter. Oil prices jumped after the news. The march was stopped by protesters who are unhappy with the arrest of an official who is trying to become the head of Libya’s central bank. Waha, where production is similar to Sharara, is further east. Various factions in the country have…
Exxon Mobil Corporation (NYSE: XOM) has announced that it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), which it describes as an experienced developer of carbon capture, utilization and storage (CCS) and enhanced solutions. oil recovery. In a statement posted on its site, Exxon said the acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s July 12 closing price. Under the terms of the deal, Denbury shareholders will receive 0.84 shares. of ExxonMobil for each share of Denbury, Exxon highlighted in the statement. The boards of directors of both…
U.S. LNG cargoes are poised to shift to Asian ports as prices fall in Europe, said a new Rystad Energy LNG and gas market update, sent to Rigzone on Wednesday. “Gas prices at the Netherlands-based Title Transfer Facility (TTF) fell 14 percent to around $9.4/MMBtu from July 11 due to weak demand and healthy supply,” Masanori Odaka and Ade Allen, senior analysts at Rystad Energy, said in the update. “In Asia, LNG spot prices are hovering around $11/MMBtu for August delivery from July 11, with the monthly average expected to settle at $12/MMBtu or slightly below. This has incentivized some…
Battered by waves of up to 10 meters (32 feet) in China’s Yellow Sea, about 30 kilometers off the coast of Shandong province, two circular rafts carrying rows of solar panels began generating electricity in late last year, a crucial step toward a new breakthrough for clean energy. The experiment by State Power Investment Corp., China’s largest renewable energy developer, and Norway-based developer Ocean Sun AS is one of the most high-profile tests of offshore solar technology to date. This is a potential industry breakthrough that would enable offshore locations to host renewable energy and help land-constrained regions accelerate the…
Eco Atlantic Oil & Gas Ltd. has signed an agreement to sell about a quarter of its stake in South Africa’s Block 3B/4B to Africa Oil SA Corp. for up to $10.5 million. The divestment is equal to the 6.25 percent it acquired in 2022 from the Lunn Family Trust for $10 million. In announcing this purchase on June 27, 2022, Canada-based Eco cited encouraging prospects from oil discoveries earlier this year on the Namibian side of the Orange Basin, where 3B/4B is located. In announcing the farm to Africa Oil Corp.’s wholly-owned subsidiary this week, Eco said the sale…
US LNG development has seen a resurgence in the post-COVID world, with five projects with a combined capacity of 61.1 MMtpa (8.1 Bcf/d) of new LNG export capacity reaching a final investment decision (FID) in the last 18 months and one additional project. closing this milestone. Five of those six projects are from the “Big Three” of US LNG: Cheniere, Sempra and Venture Global, leading some to wonder if there is room for anyone else. But while all three companies are big in US LNG and have projects under development, only one is a behemoth. In today’s RBN blog, we…
TransAlta Corp. and its majority wind energy supplier TransAlta Renewables Inc. (RNW) have agreed to merge to strengthen their position in the clean electricity sector. The decision also “resolves significant risks associated with maintaining RNW’s current level of dividends given challenges with RNW’s cash available for distribution due to the expiration of short-term contracts, significant increases in cash taxes and other factors,” the RNW board chairman said in a joint press release this week. TransAlta, whose ownership of RNW is currently 60.1 percent, will acquire the remaining common stock of RNW. The binding deal is subject to approval by the…
OPEC predicted an even tighter global oil market next year, as the group anticipates a much larger increase in demand than other major forecasters. Global oil consumption will rise by 2.2 million barrels a day next year to 104.3 million a day, the organization said on Thursday in its first detailed assessment of 2024. This is double the growth rate projected by the International Energy Agency, which advises consumer nations. . The increase in demand would exceed the expected increase in supply from outside the cartel, raising the world’s daily appetite for OPEC crude to 30.2 million barrels, or about…