ARiES One energy consultants ’s Post

#Fuel_Oil Market Positioned for Noteworthy Growth During the Assessment Period 2023-2032 https://lnkd.in/dCszSkjJ Rising crude oil processing activities and growing transportation industry are factors to provide significant pace to the #market #growth. The market growth varies greatly across region.The #demand from Europe region is predicted to fade during the #forecast #period while some region such as Middle East and Asia Paciifc exhibits gain in growth. Eni PetroChina Kuwait Petroleum Corporation PETRONAS Valero Energy Ltd (UK) China National Offshore Oil Corp. Marathon Petroleum Corporation ExxonMobil PDVSA Petrobras #Fuel_Oil #industrial_equipment #business_opportunities #marketanalysis #marketresearch #opportunities #business #future 

It’s the dawn of a new day in the Nigerian Oil and Gas Sector For a long time, oil exploration continued to be a business ventured into by mostly International Oil Companies (IOC) but this is about to change. Shell Petroleum Development Company of Nigeria Limited (SPDC) a long time IOC has reached an ageeement with a consortium of indigenous companies led by Renaissance oil in which Shell is set to divest majority of its investments within its onshore operations. This comes on the heels of Shell’s decision to concentrate in deep water exploration efforts. For most analysts, the best take out of this is the introduction of local companies into the drilling and exploration business in Nigeria. While we await the final go ahead from regulatory authorities, it is hoped that an approved deal will help infuse a more broader local content in exploration which has been at a low percentage

Multinational giants line up multi-million dollars in exploring the 11-billion-barrel crude oil reserves in Namibia. Global MNC's have lined up millions of dollars in investment to initiate the exploration process at recently discovered oilfields with an estimated cumulative crude oil reserves of 11 billion barrels. Leading multinational companies, such as Chevron, ExxonMobil, Shell, ReconAfrica, and TotalEnergies, have evinced interest in crude oil exploration work in this tiny southern African nation. Read full story here : https://shorturl.at/fgjrS #Polymerupdate #PlasticIndustry #PolymerNews #PlasticIndustryNews #PolymerIndustry

Let's start the #OGC_EnergyAnalytics section, which will focus on oil and gas companies worldwide and in Kazakhstan based on key indicators. 🛢 ExxonMobil Corp is a global oil and gas giant, operating in all segments of the industry: exploration, production, refining, and marketing. The company has been actively involved in Kazakhstan for over 30 years through its Tengizchevroil (TCO) joint venture. It also holds a stake in the North Caspian PSA and the Caspian Pipeline Consortium (CPC). The corporation's subsidiaries operate in about 200 countries and territories around the world. 📊 Exxon Mobil's key indicators: proved reserves (1P) have been declining over the past 3 years. As of the end of 2023, 1P reserves amount to 16.9 billion boe*. The breakdown of product categories is dominated by oil reserves (57%). In comparison, the proved reserves (1P) of the National Oil Company KazMunayGas amount to 3.9 billion boe. As of the end of 2023, 1P (proved) oil and gas reserves will last for 12 years, which is lower than KazMunayGas's 1P reserves (17 years). KazMunayGas's forecasts are based on 2P (proved plus probable) reserves, which have a much longer depletion period. As of the end of 2023, production was 3.7 million boed**, which is six times KazMunayGas's production (0.6 million boed). The number of employees is 61,500. In comparison to KazMunayGas, the national company employed over 47,500 people in 2022. *boe - barrel of oil equivalent **boed - barrels of oil equivalent per day

Shell CEO positive about Namibia drilling, cautious on production timeline Shell's chief executive, Wael Sawan, says he is "positive" about the results so far from its exploration and appraisal drilling campaign offshore Namibia. The oil major CEO, according to Upstream, however, cautioned that it is too early to unveil a timeline for first production. Shell is currently conducting appraisal work on PEL-39 to determine the commercial viability of the hydrocarbon.  https://lnkd.in/dequ3bmb #namibia #oilandgas #oilexploration #oil #oilproduction NAMCOR NAMIBIA Tom Alweendo Namibia Petroleum Operators Association (NAMPOA) WOGEN Namibia

Oil Majors Show Interest in Galp's Namibia Offshore Oil Prospect More than 12 major oil companies, including Exxon, Shell, and Chevron, are showing interest in acquiring a 40% stake in Galp Energia's significant oil discovery offshore Namibia. Galp's Mopane discovery, estimated to hold at least 10 billion barrels of oil and gas equivalent, could be valued at over $10 billion. Galp launched the sale process for half of its 80% stake in Petroleum Exploration Licence 83 in April. Several companies have already signed agreements to access geological data and placed non-binding offers. Source: https://lnkd.in/ejCi7pXh #OilIndustry #EnergyNews #OffshoreDrilling #GalpEnergia #NamibiaOil #Exxon #Shell #Chevron #OilExploration #EnergyTransition #FossilFuels #EnergyConsultants #OilAndGasConsultants #PetroleumConsultants #DrillingConsultants #OilAndGasConsultingFirms #OilAndGasProjectManagementServices #OilAndGasStaffing #OilfieldStaffingAgency #OilAndGasRecruitingAgency #OilAndGasWorkforceSolutions

#Fuel_Oil Market Forecast 2023 to 2030 | Covid 19 Impact And Recovery. >> https://lnkd.in/dCszSkjJ Rising crude oil processing activities and growing transportation industry are factors to provide significant pace to the #market #growth. The market growth varies greatly across region.The #demand from Europe region is predicted to fade during the #forecast #period while some region such as Middle East and Asia Paciifc exhibits gain in growth. Eni PetroChina Kuwait Petroleum Corporation PETRONAS Valero Energy Ltd (UK) China National Offshore Oil Corp. Marathon Petroleum Corporation ExxonMobil PDVSA Petrobras #Fuel_Oil #industrial_equipment #business_opportunities #marketanalysis #marketresearch #opportunities #business #future 

#Libya’s #NOC begins drilling in partnership with #TotalEnergies and #ConocoPhillips by Dean Mikkelsen #Libya's NOC begins T1-31 well #drilling with TotalEnergies and #ConocoPhillips in Concession Area 31 to boost oil production Libya’s state-owned National Oil Corporation (NOC) announced on Friday, December 22, the initiation of drilling operations at the T1-31 exploratory well. The operation, carried out by NOC’s subsidiary, Waha Oil Company, is in collaboration with international oil firms TotalEnergies and ConocoPhillips, as part of a joint venture in Concession Area 31. Libya, an OPEC member, holds the largest proven oil reserves in Africa. The commencement of operations at T1-31 is expected to make a significant contribution to the country’s oil output, reinforcing its position in the global oil market.

#Libya’s #NOC begins drilling in partnership with #TotalEnergies and #ConocoPhillips by Dean Mikkelsen #Libya's NOC begins T1-31 well #drilling with TotalEnergies and #ConocoPhillips in Concession Area 31 to boost oil production Libya’s state-owned National Oil Corporation (NOC) announced on Friday, December 22, the initiation of drilling operations at the T1-31 exploratory well. The operation, carried out by NOC’s subsidiary, Waha Oil Company, is in collaboration with international oil firms TotalEnergies and ConocoPhillips, as part of a joint venture in Concession Area 31. Libya, an OPEC member, holds the largest proven oil reserves in Africa. The commencement of operations at T1-31 is expected to make a significant contribution to the country’s oil output, reinforcing its position in the global oil market.

Chevron acquires 80% working interest in offshore Namibia license from Namcor The National Petroleum Corporation of Namibia (NAMCOR NAMIBIA) has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited (CNEL), a subsidiary of Chevron Global Energy Inc. Under the agreement, CNEL will acquire an 80% operating working interest in Petroleum Exploration License 82 (PEL 82), situated in the prolific Walvis Basin, offshore Namibia. Under the terms of the agreement, state-owned NAMCOR and Custos Energy will each retain a 10% carried interest. "This strategic collaboration underscores NAMCOR’s commitment to enhancing the exploration potential and development of Namibia’s offshore resources, specifically in the underexplored basins in Namibia that hold much promise," said Uanguta Ebson, Interim Managing Director of NAMCOR. https://lnkd.in/gAta3NSd #namibia #oilandgas #oilexploration #orangebasin Namibia Petroleum Operators Association (NAMPOA) Namibia Investment Promotion and Development Board (NIPDB) Tom Alweendo Knowledge Katti