(Bloomberg) –The Permian basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up. Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and […]
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BP seeks to use wind power to run hydrogen plant in Germany By LAURA HURST
LONDON (Bloomberg) – Two of Europe’s largest energy companies, BP Plc and Orsted A/S, said they’d join to develop a industrial-scale electrolyzer to make hydrogen as a green fuel at a major oil refinery in Germany. If it gets financial backing, the plant at the BP’s Lingen refinery in northwestern Germany would draw 50 megawatts […]
Total scores “significant” gas condensate find offshore South Africa By PAUL BURKHARDT AND DANA KHRAICHE
Total and its partners made a second gas-condensate find off the southern coast of South Africa, a country that imports most of its oil. The “significant” discovery of gas condensate — a light liquid hydrocarbon — comes after Total said last year it had opened up a new “world-class” oil and gas province off South […]