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Published on 01:24 GMT

Nigeria unveils new gunboats to enhance operations against oil theft

Abuja, Nigeria — Nigerian authorities in oil-rich Rivers State unveiled on Friday six military-grade gunboats to help security agents battle the piracy and oil theft that have plagued the Niger Delta region for decades. The latest measure is part of a …

Source: Voice of America - Public Broadcaster
Published on 02:34 GMT

Types of Pumps Used in the Oil and Gas Industry

Pumps are a critical backbone of the oil and gas industry, facilitating everything from extracting crude oil to transporting it through pipelines, refining it into usable products, and storing it for distribution. Whether it’s moving crude from the ground …

Source: Environmental Expert - Neutral
Published on 06:20 GMT

Reliance Industries Inks Oil Deal with Russia’s Rosneft for Crude Oil

Reliance Industries Limited (RIL) has entered a landmark agreement with Russia’s state-owned oil producer, Rosneft, to import 5,00,000 barrels of crude oil daily for the next ten years. Valued at approximately $13 billion annually at current market rates, …

Source: Chemical Industry Digest - Label Pending
Published on Dec 13, 2024

Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran

Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the US could boost fuel demand. Brent …

Source: The Business Times Singapore - Neutral
Published on 04:34 GMT

From gasoline to plastic: The oil companies’ business strategy that blocks environmental treaties

It was a dark night in the South Korean city of Busan. After a week of negotiations, on Sunday, December 1, what had been intuited for days was already clear: the meeting was going to close without the expected international treaty against plastic …

Source: El País - Center-left
Published on 05:27 GMT

Troops foil N728m oil theft, kill 181 terrorists in one week

Nigerian troops have thwarted an oil theft operation worth an estimated N728 million and arrested 50 suspects connected to the illicit activity during a weeklong crackdown across various theatres of operations in the Niger Delta region. The operation also …

Source: Business Day - Neutral
Published on 03:37 GMT

China’s oil consumption peaked in 2023

[Source: Reuters] China’s refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday. As a …

Source: FBC News - Label Pending
Published on 00:46 GMT

Oil Rises, Set for First Weekly Gain in 3 Weeks

Fri 13 Dec 2024 | 11:18 PM Oil pumping cranes in an oil field in Russia - Source: Bloomberg Oil prices rose slightly on Friday, heading for their first weekly gain since late November, as supply concerns deepened due to additional sanctions on Iran and …

Source: Sada Elbalad - Gov't Propaganda
Published on 00:13 GMT

High Court Hears NEPA Challenge for Proposed $1.5B Crude Oil Railway

U.S. Supreme Court justices heard oral arguments Dec. 10 in a case that when decided next year, could reshape the scope of federal environmental reviews of critical U.S. infrastructure projects. The case, Seven County Infrastructure Coalition v. Eagle …

Source: Engineering News Record - Label Pending
Published on 00:22 GMT

UAVs Attack Oil Depot in Russian Orel

“Shaheds” are being launched from the city to terrorize Ukraine. Illustrative photo According to eyewitnesses on social media, an oil depot is on fire in the Russian regional center of Orel. The fire was caused by an attack by drones. It is from this city, …

Source: The Baltimore Chronicle - Label Pending
Published on 03:58 GMT

Oil Posts Rare Weekly Gain As Fears Switch From Global Glut To Worldwide Tightness

Meanwhile, analysts disagree radically on demand outlook moving ahead: File Image/Pixabay In less than a week, oil trading sentiment underwent a seismic shift from worries about oversupply to fears of supplies tightening due to additional sanctions on …

Source: Ship & Bunker - Neutral
Published on Dec 13, 2024

Nigeria dumped USD? How anti-west media spin Dangote refinery deal to push de-dollarisation propaganda

When Aliko Dangote, Africa’s richest man, decided to build a refinery, he knew it was going to be a hard task — no major refinery had worked optimally in Nigeria for almost 30 years. However, since the completion of the refinery in 2024, Dangote has faced …

Source: The Cable - Neutral
Published on Dec 13, 2024

Trump 2.0: Oil Market Implications for the Gulf States

When President-elect Donald J. Trump comes back to the White House, the Gulf Arab states should expect alignment and opportunities on energy issues but some friction as well. Energy may not be at the top of the U.S.-Gulf agenda, but as Trump seeks to …

Source: Arab Gulf States Institute in Washington - Neutral
Published on Dec 13, 2024

Oil Futures Gain on Limited Supply Outlook

With the hike in oil futures prices Friday, the market seems to have discounted the outlook for slow global demand in 2025 as forecasted by OPEC and the International Energy Agency in two separate reports this week. Meanwhile, attention next week will be …

Source: Progressive Farmer - Neutral
Published on Dec 13, 2024

CNPC: China Reaches Refined Oil Demand Peak

China, the world’s heavyweight oil consumer, has officially hit its peak. According to CNPC’s Economics & Technology Research Institute, the country’s refined oil consumption maxed out in 2023 at 399 million metric tons (roughly 8 million barrels per …

Source: Oil Price - Neutral
Published on Dec 13, 2024

Oil rises by 1% in a 3-week period as sanctions on Russia and Iran increase

The price of oil rose by about 1% on Friday to a record high for three weeks, as a result of expectations that additional sanctions against Russia and Iran would tighten up supplies. Lower interest rates in Europe or the U.S. may also boost the demand for …

Source: World Energy News - Connecticut - Label Pending
Published on Dec 13, 2024

China’s oil consumption peaked in 2023, CNPC says

China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday. As a result, crude oil …

Source: Zawya - Uncategorized
Published on Dec 13, 2024

India, Russia Agree Biggest-Ever Oil Deal – Reuters

Russia’s state oil firm Rosneft has agreed to the country’s biggest-ever energy deal with India, Reuters reported Thursday. Rosneft has reportedly signed a 10-year agreement to supply 500,000 barrels of crude oil per day to Indian private refiner Reliance …

Source: The Moscow Times - Center-left
Published on Dec 13, 2024

Fujairah Ruler discusses oil and energy projects with Vitol CEO

During the meeting, Sheikh Hamad was briefed on the latest projects and developments related to crude oil, gas, and petroleum refining programmes in the region. He congratulated the milestone of refining 300 million barrels achieved by the Fujairah …

Source: Sharjah24 - Pro-Government

19 days 01:38:02

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Published on December 13, 2024 - 11:08 GMT

Wireless Gas Detection Market Size to Hit US$ 2.6 Billion by 2031 | TMR

Wireless Gas Detection Market is expected to surpass the value of US$ 2.6 Bn by 2031, expanding at a CAGR of 5.2%. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The wireless gas detection market has gained significant …

Distribution channels: Manufacturing ...
Published on December 13, 2024 - 07:02 GMT

Oil Spill Management Market Growth to Exceed USD 139.4 Billion by 2027 | Transparency Market Research

The global oil spill management market is projected to rise at a CAGR of 3.1% and to reach US$ 139.4 Bn by the end of the forecast period 2019 to 2027. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The global oil …

Distribution channels: Chemical Industry ...

Published on December 13, 2024 - 05:14 GMT

Gas Turbine Market Estimate to Hit $25.4 Billion by 2030

Global Gas Turbine Market projected to grow at a CAGR of 3.3% from 2021 to 2030. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the global gas turbine …

Distribution channels: Business & Economy, Energy Industry ...
Published on December 13, 2024 - 01:48 GMT

Liquefied Petroleum Gas Market Estimation Worth USD 243.4 Billion by 2030

Global Liquefied Petroleum Gas (LPG) Market projected to grow at a CAGR of 6.5% from 2021 to 2030. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the …

Distribution channels: Business & Economy, Energy Industry ...

Published on December 12, 2024 - 09:39 GMT

Oil and Gas Gasket Market Projected to Reach $1.71 Billion by 2034, Growing at a 2.8% CAGR, Says Fact.MR

Oil and Gas Gaskets Proving to be Very Helpful in Industrial Pipeline Connections Leading to Steady Market Growth ROCKVILLE, MD, UNITED STATES, December 12, 2024 /⁨EINPresswire.com⁩/ -- As analyzed in the recently updated report by Fact.MR, a …

Distribution channels: Business & Economy ...
Published on December 13, 2024 - 21:45 GMT

Teflon Heat Exchanger Market Expected to Grow at a 7.7% CAGR, Reaching US$ 2.5 Bn by 2034

The global Teflon heat exchanger market, valued at $1.1 billion in 2023, is expected to grow at a 7.7% CAGR, reaching $2.5 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global Teflon heat exchanger …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 15:38 GMT

Hydrogen Compressor Market to Generate $3,321.1 Million by 2032 | The Future That Works

Hydrogen Compressor Market to Generate $3,321.1 Million by 2032 | The Future That Works NEW CASTLE, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The growth in the oil and gas sector drives the hydrogen compressor market. On the …

Distribution channels: Automotive Industry, Chemical Industry ...
Published on December 13, 2024 - 14:41 GMT

The Future of Phosphonates Market: Emerging Trends and Growth Projections, 2031

The global phosphonates market is projected to reach $1.6 billion by 2031, growing at a CAGR of 5.98% from 2022 to 2031 WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The global phosphonates industry generated $0.9 …

Distribution channels: Healthcare & Pharmaceuticals Industry, Waste Management ...

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Published on December 13, 2024 - 23:30 GMT

Batteryless Storage Solutions Market to Grow at a 29.6% CAGR, Surpassing US$ 9.2 Bn by 2034

The global batteryless storage solutions market, valued at $540 million in 2023, is projected to grow at a 29.6% CAGR, reaching $9.2 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global batteryless …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 23:15 GMT

Advanced Wind Turbine Blade Materials Market to Reach US$ 9.8 Bn by 2034, Expanding at a 6.3% CAGR

The global advanced wind turbine blade materials market, valued at $5.0 billion in 2023, is projected to grow at a 6.3% CAGR, reaching $9.8 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 23:00 GMT

Paper-based Biofuel Cell Market Forecast: From US$ 300.0 Mn in 2023 to US$ 580.0 Mn by 2034

The global paper-based biofuel cell market, valued at $300 million in 2023, is projected to grow at a 6.3% CAGR, reaching $580 million by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global paper-based biofuel …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:45 GMT

Floating Wind Turbines Market Trends: Valued at US$ 4.9 Bn in 2023, Projected to Reach US$ 83.4 Bn by 2034

The global floating wind turbines market, valued at $4.9 billion in 2023, is projected to grow at a 29.4% CAGR, reaching $83.4 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global floating wind …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:30 GMT

Smart Bins for Waste Management Market Forecast: From US$ 75.3 Mn in 2023 to US$ 292.4 Mn by 2034

The global smart bins for waste management market, valued at $75.3 million in 2023, is projected to grow at a 13.1% CAGR, reaching $292.4 million by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global smart …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:15 GMT

Solar Panel Operation & Maintenance Market Set to Achieve US$ 16.4 Bn by 2034, Growing at a 10.1% CAGR

The global solar panel operation & maintenance market, valued at $5.7 billion in 2023, is projected to grow at a 10.1% CAGR, reaching $16.4 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:03 GMT

SEAPEAK LLC DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS

HAMILTON, BERMUDA, December 13, 2024 /⁨EINPresswire.com⁩/ -- Seapeak LLC (Seapeak or the Company) has declared cash distributions of $0.5625 per unit on the Company’s Series A preferred units (NYSE:SEAL PR A) and $0.5313 per unit on the Company’s …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on December 13, 2024 - 21:45 GMT

Teflon Heat Exchanger Market Expected to Grow at a 7.7% CAGR, Reaching US$ 2.5 Bn by 2034

The global Teflon heat exchanger market, valued at $1.1 billion in 2023, is expected to grow at a 7.7% CAGR, reaching $2.5 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global Teflon heat exchanger …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 21:30 GMT

Alternative Energy Market Projected to Reach US$ 3.4 Trn by 2034, Growing at a 12.4% CAGR

The global alternative energy market, valued at $940.4 billion in 2023, is projected to grow at a 12.4% CAGR, reaching $3.4 trillion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global alternative energy …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 21:15 GMT

8 Trends Influencing U.S. Freight Railroading In 2025

Consumer confidence, energy pricing & deregulation, among other factors, provide a favorable environment for short-term growth and long-term industry planning MARLTON, NJ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to …

Distribution channels: Business & Economy, Energy Industry ...
Published on December 13, 2024 - 18:50 GMT

Smart Society Ventures Releases Whitepaper on Decentralized Energy and Grid Technology

GENEVA, SWITZERLAND, December 13, 2024 /⁨EINPresswire.com⁩/ -- Smart Society Ventures (SSV) is proud to announce the release of its latest whitepaper, “Building a Smart Society: Decentralized Energy and the Grid Tech to Power It.” This …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on December 13, 2024 - 17:29 GMT

Worry Free Davis Bacon Isssues for Construction Companies Doing Business with the Federal Government

Tax Incentives SCOTTSDALE, AZ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Making sure that every employee receives the prevailing wage on a government construction job may sound easy if the company has 2 or 3 employees. Add in 15 …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on December 13, 2024 - 17:16 GMT

Arden Nights 2024: How Music and Evertreen’s Tree-Planting Initiative Transformed Nepal’s Ecosystems

LOS ANGELES, CA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Evertreen, the platform that makes it easy to plant real trees online, is thrilled to look back on the success of its partnership with Arden Records during Arden Nights 2024. …

Distribution channels: Companies, Energy Industry ...
Published on December 13, 2024 - 16:00 GMT

Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida

SÃO PAULO, SÃO PAULO, BRAZIL, December 13, 2024 /⁨EINPresswire.com⁩/ -- Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida A contagem regressiva para o Natal já começou, e esta é a época perfeita …

Distribution channels: Energy Industry, Gifts, Games & Hobbies ...
Published on December 13, 2024 - 15:22 GMT

LOBO Systems: A 2025 Revolution in Safe and Cost-Effective Work Platforms

DERBY, DERBYSHIRE, UNITED KINGDOM, December 13, 2024 /⁨EINPresswire.com⁩/ -- As industries strive for greater efficiency and safety in the face of rising costs and tighter schedules, LOBO Systems offers a timely alternative to traditional …

Distribution channels: Automotive Industry, Energy Industry ...
Published on December 13, 2024 - 15:15 GMT

CE-LINK Launches 3000W Portable Power Station Solution for Electric Vehicle Charging

DONGGUAN, CHINA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In recent years, the electric vehicle market has been growing rapidly as the global awareness of green mobility increases. However, the construction of charging infrastructure has not been …

Distribution channels: Automotive Industry, Consumer Goods ...
Published on December 13, 2024 - 15:15 GMT

CE-LINK Launches 3000W Portable Power Station Solution for Electric Vehicle Charging

DONGGUAN, CHINA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In recent years, the electric vehicle market has been growing rapidly as the global awareness of green mobility increases. However, the construction of charging infrastructure has not been …

Distribution channels: Automotive Industry, Consumer Goods ...
Published on December 13, 2024 - 14:57 GMT

Belgian software company Itineris accelerates expansion in the U.S.

3 contracts signed, including one with the City of Dallas, the ninth largest city in the country. BELGIUM, December 13, 2024 /⁨EINPresswire.com⁩/ -- Ghent, Belgium & Atlanta, U.S. – Itineris, a global leader in innovative SaaS solutions for …

Distribution channels: Companies, Energy Industry ...
Published on December 14, 2024 - 02:46 GMT

Solar Alliance shareholders approve all resolutions at Annual General Meeting

TORONTO and KNOXVILLE, Tenn., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR), a leading solar energy solutions provider focused on the commercial and utility solar sectors, is pleased to …

Distribution channels: Business & Economy, Energy Industry ...
Published on December 13, 2024 - 14:44 GMT

Econnex is on the mission to #GiftAGrin by offering up to a $200 Gift Card on switching energy plans

Econnex is on the mission to #GiftAGrin by offering up to a $200 Gift Card on switching energy plans. SYDNEY, AUSTRALIA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In the spirit of giving, Econnex has announced that it is on the mission to # …

Distribution channels: Business & Economy, Electronics Industry ...