The European Bank for Reconstruction & Development is providing a $200-million loan to state-owned Egyptian General Petroleum Corp. subsidiary Suez Oil Processing Co. for the upgrade of its 68,000-b/d refinery adjacent to Suez, Egypt, at the entrance of the Suez Canal.
Total is seeking an interest in a block off Cyprus west of where Turkish military vessels in February blocked drilling planned by Eni. Stephane Michel, president, Middle East and North Africa of Total Exploration & Production, told reporters after a meeting with Cypriot President Nicos Anastasiades that the company had applied for an interest in Block 8.
A dramatically improved US oil and gas resources outlook in the last 10 years has created important geopolitical and trade opportunities while making the country more secure in energy and economic terms, witnesses told a US House Foreign Affairs subcommittee on May 22.
ExxonMobil Corp. reported greenhouse gas reduction measures that are expected to decrease its methane emissions by 15% and flaring by 25% by 2020. Efficiency improvements in its refining and chemical manufacturing facilities also are planned.
Abu Dhabi National Oil Co. has unveiled further details regarding its previously announced plans to accelerate expansion initiatives at the Ruwais refining and petrochemical complex as part of the company’s $45-billion program to become a global downstream leader under a new combined model of strategic partnerships and investments.
Climate extremism will survive a single extremist’s fall from grace. Still, the resignation amid scandal of New York Atty. Gen. Eric Schneiderman illuminates a political movement choking on self-righteousness.
The US Department of Defense considers the eastern Gulf of Mexico an irreplaceable national asset for developing and maintaining combat force readiness where sufficient surface limits and activity restrictions would need to be developed if oil and gas exploration and production was to be allowed there, DOD said.
It was far from certain as of May 15 what the Trump administration specifically would do to address renewable fuel quota problems, which led to a much-ballyhooed White House meeting a week earlier. The continuing pure politics of the situation were blindingly obvious, however.
US Environmental Protection Agency Administrator E. Scott Pruitt signed a memorandum describing a “back to basics” process for reviewing the federal Clean Air Act’s National Ambient Air Quality Standards (NAAQS).
Government policies will continue to play a major part in emerging energy technologies, speakers suggested at a May 8 Atlantic Council discussion.
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