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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar.

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Plug Power expands hydrogen supply chain partner network in Spain with CLH

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a provider of hydrogen fuel cell systems and fueling solutions enabling e-mobility, announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH). The CLH Group is a leading international company in the transport and storage fuel products in Europe. Plug Power Inc.,

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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. —Secretary General Sentyurin.

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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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Oxsoft L9 is suited for special applications where products must meet the most rigid demands, such as the manufacture of resilient and durable high temperature automotive cables that comply with the most severe requirements in this industry. Oxea is owned by Oman Oil Company S.A.O.C.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.