Monday, Dec 23, 2024

The World of Petroleum and Bitumen

Oman to Initiate Negotiations with BP, Shell on New LNG Project

WPB: The development of Oman’s next liquefied natural gas (LNG) facility depends on securing private investments from leading global energy firms.

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Indore Becomes Madhya Pradesh’s First City to Begin White-Topping Road Construction

Indore (Madhya Pradesh): Marking a significant milestone in urban development, Indore has initiated the construction of white-topping roads, replacin...

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ARMA Introduces a New Guide to Boost Low-Slope Asphalt Roofing Recycling

The Asphalt Roofing Manufacturers Association (ARMA) has unveiled a fresh technical bulletin titled “Low-Slope Asphalt Roofing Recycling.”

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What signals did Trump’s victory send to the energy industry?

Donald Trump’s re-election as US president has sparked a surge in petroleum and gas stocks while renewable energy shares experienced declines.

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World’s largest tunnel boring machine in China unveiled

China has unveiled its 5,000-ton heavy-duty tunnel boring machine, known as "Jianghai," which has the largest diameter of its kind.

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US electricity generation becomes more dependent on fossil fuels than China

Since June, the share of fossil fuels in US electricity generation has surpassed that of China, casting doubt on America’s claim to lead the transi...

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Iran expands share in joint oil fields through drilling industry development

The chairman of the board of directors of Iran’s Oil Exploration Operations Company (OEOC) emphasized that boosting production from joint oil field...

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Chinese company signs agreement to develop Iraqi oil field

CNOOC has announced that it has signed an exploration, development, and production agreement with the state-owned Midland Oil Company to explore petr...

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Nigeria Promoted as Leading Energy Investment Hub — Petroleum Minister

Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), has underscored Nigeria’s substantial potential as a top e...

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AECI Sells Much Asphalt to Old Mutual Private Equity and Sphere in a R1.1 Billion Transaction

Old Mutual Private Equity (OMPE) and black-owned investment firm Sphere Investments have acquired Much Asphalt, South Africa’s leading producer of ...

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China Set to Remain Major Contributor to Global Oil Demand Growth

Despite a peak in demand from its transport sector, China is expected to stay central to global oil demand trends, according to Vitol. The key factor...

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Shell Shifts Rheinland Refinery in Germany to Sustainable Focus

Shell is preparing a major overhaul of its largest German oil refinery, Rheinland, with plans to transition the Wesseling facility from crude oil pro...

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China’s first “smart factory” for producing offshore oil and gas equipment became fully operational in Tianjin, located in the northern region of the country.

Spanning roughly 575,000 square meters along the Bohai Sea coast, this advanced facility—built by China Offshore Oil Engineering Company (COOEC), a...

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A German airport is experimenting with asphalt made from cashew shells as part of its environmental sustainability efforts.

Workers are paving a runway at Germany’s Frankfurt Airport using an innovative material sourced from cashew shells. This eco-friendly asphalt concr...

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Southeast Asia Poised to Become an Energy Giant Over the Next Decade

The International Energy Agency (IEA) reports that Southeast Asia is set to play an increasingly significant role in the world’s energy landscape o...

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