DEME and partners developing HYPORT DUQM, a large-scale green hydrogen project in Oman

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DEME Concessions and Omani partners are partnering to develop a world-leading, green hydrogen plant in Duqm, Oman. The facility will significantly contribute to the decarbonization of the regional chemical industry in Oman, as well as providing green hydrogen and/or derivatives (such as green methanol or ammonia) to international customers in Europe, for example in the Port of Antwerp.

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

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Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world. Market Background Natural Gas

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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 addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. The portions of these resources that become economically recoverable in the future will depend on crude oil and natural gas market prices, as well as the capital and operating costs and productivity within the countries.

Saudi Arabia And Iran Reignite The Oil Price War

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The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. Iran has slashed its official selling prices (OSPs) for all grades to all markets for September, looking to monetize what could be its last oil sales to some markets in Asia before the U.S. a barrel premium over the Dubai/Oman average.

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

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Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe. The CLH Group is the leading company engaged in the transport and storage of oil products in the Spanish market and the second-largest logistics operator in Europe in terms of the extension of its pipeline network and storage capacity. Plug Power Inc.,

2019 68

IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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Mindful of these market dynamics, Kepes said he and his IHS Markit researchers see this shift to whole-basin strategies as being critical to operators achieving competitive performance, representing a fundamental shift in the approach to analysis and company strategies going forward. Market Background Oil

2018 60

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

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Oxsoft L9 is a direct replacement for C8/C10 trimellitates: Produced on purpose, Oxea not only offers the linear C9 alcohol (n-Nonanol), but also the linear C9 trimellitate in order to fulfill market demand and ensure supply reliability. Oxea is owned by Oman Oil Company S.A.O.C. Oxea is expanding its phthalate-free plasticizer portfolio with the introduction of Oxsoft L9 (linear trinonyltrimellitate).

2015 68

Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

car market. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand.

2010 78

Singapore Company Trialing Natural Gas Econic Waste Collection Vehicle

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Singapore’s largest waste management company, Sembcorp, is starting a one-year field trial to assess market acceptance, cost-effectiveness and customer satisfaction of the Mercedes-Benz Econic waste collection truck with Natural Gas Technology. This marks the entry of the natural gas truck into the Asia market. Sembcorp is also a market leader in marine and offshore technology, according to Chief Operating Officer Goh Swee Ooi during the handover of the Econic.

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Malacca is the shortest sea route between Persian Gulf suppliers and the Asian markets.

2011 98

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Total is active in most of the major LNG producing regions as well as main LNG markets and continues to develop LNG as a key component of its growth strategy. The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. The Group has also secured long-term access to LNG re-gasification capacity located in key LNG markets. Location of the Ichthys project. Source: INPEX. Click to enlarge.

Oil Prices Running Out Of Reasons To Rally

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At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets.”.

2017 60

Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic. Earlier this month, Fisker signed an exclusive agreement with the Al-Futtaim Group, one of the Middle East’s most experienced automotive distributors, to build Fisker’s sales presence in fast-growing markets for performance and luxury cars. The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma.

2012 93