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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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Canada and Norway to cooperate in energy resource development

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Joe Oliver, Canada’s Minister of Natural Resources, and Ola Borten Moe, Norwegian Minister of Petroleum and Energy, signed a joint statement on cooperation in the energy sector. The statement outlines four main priorities for cooperation between Norway and Canada in the energy sector: General. Oil and gas.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference.

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Tesla’s Elon Musk en route to Norway to speak at 2022 Offshore Northern Shore conference

Teslarati

Elon Musk is poised to speak at the 2022 Offshore Northern Shore (ONS) conference in Stavanger, Norway, which will be held from August 29 to September 1, 2022. Musk is now en route to Norway. Going to Sola, Rogaland, Norway (ENZV, Stavanger Airport) — ElonJet (@ElonJet) August 28, 2022.

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Norway to start seismic surveys in the Barents Sea; “High North” strategy

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Norway Prime Minister Jens Stoltenberg announced that the Norwegian Government intends to start additional seismic surveys further north in the area of the Barents Sea previously disputed with Russia. The survey will provide us with important knowledge about possible oil and gas resources in the area.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent.

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A math-based model to describe gas kick in deepwater oil wells

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The deeper an oil well, the higher the pressure, and the higher the risks associated with tapping oil from wells. This is called a “gas kick,” which in worst-case scenarios can lead to blowouts. A gas-kick situation is usually accompanied by such a flow scenario. —Steinar Evje.

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