CNOOC Limited

CNOOC announces Penglai 19-3 Oilfield 1/3/8/9 comprehensive adjustment project, commences production

CNOOC Limited announced today the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south central Bohai Sea, 216 kilometers northwest from Tanggu and 80 kilometers southeast from Penglai city. The average water depth of the oilfield is 27 to 33 meters. The project…

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NNPC set to conclude funding arrangements on AKK Gas Project

The Nigerian National Petroleum Corporation (NNPC) said it was wrapping up funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this while speaking at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain, Tuesday, explained that tremendous progress was recorded…

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DEWA to use autonomous systems for renewable energy, storage

The Dubai Electricity and Water Authority (DEWA) has formed a strategic partnership with Berkeley Artificial Intelligence Research (BAIR) Lab, in bids to supporting the UAE’s Artificial Intelligence Strategy. This partnership is part of DEWA’s continuous cooperation with the University of California, Berkeley. This comes after the signing of a Memorandum of Understanding (MoU) by HE…

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Oil prices inch higher on crude, gasoline draw

By Irina Slav After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of 2.1 million barrels for the week to September 14. Last week, the authority estimated crude oil inventories had fallen by another 5.3 million…

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