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Energy International News Petroleum

Azule Energy Partners Collaborates with Palantir to Elevate Operations

Azule Energy has partnered with the software company Palantir Technologies to optimize and modernize its upstream production operations. Through this collaboration, Azule Energy will implement Palantir’s solution, Palantir Foundry, across its operations to provide valuable support to various engineering roles, including petroleum engineers, process engineers, and flow assurance engineers, thereby enhancing efficiency and effectiveness. A key aspect of the partnership involves the integration of data across Azule Energy’s upstream infrastructure. By connecting data from sources

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Economy Energy Local News Petroleum

Angola Seeks More Chinese Investment in Energy Sector

Angola is accelerating efforts to stimulate Chinese investment into its energy sector through bids for new oil and gas projects. The move is poised to leverage China’s robust financial sector and attract additional capital and technological input into the southern African country’s energy sector development. With support from the Embassy of Angola in China, Angola is actively presenting opportunities to Chinese companies to participate in bidding opportunities for 12 major oil and gas blocks in

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Diamonds Energy International News

Rio Tinto to build Canada’s largest solar plant to power a diamond mine 

Anglo-Australian mining giant Rio Tinto is to build Canada’s largest solar power plant that willsupply electricity to its diamond mine in the Northwest Territories, the miner announced last week.   The plant will cover a quarter of the electricity needs of the Diavik diamond mine by generating around 4,200 megawatt-hours of electricity annually. The move comes as Rio Tinto plans to achieve net-zero emissions across its operations by 2050.  The solar plant is expected to cut the

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Energy Gas International News

Gas to Remain a Significant Energy Source until 2030

The Federal Government has said gas will continue to form a major part of the country’s energy mix until 2030. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, stated this at the Society for Petroleum Engineers Nigeria Council 2023 conference held in Lagos recently. Komolafe said although the FG was still committed to achieving the United Nations’ 2060 zero emission goals, Nigeria would continue to explore its abundant gas resources

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Energy Gas International News Oil

Oman’s PDO Completes Drilling 1,500 Wells at Nimr in Historic Milestone”

Petroleum Development Oman (PDO) marked a significant milestone as it celebrated the completion of its 1,500th well at the Nimr cluster, a groundbreaking achievement in the Sultanate of Oman, according to local media reports. The landmark well, known as NM-1500, is part of the expansive Nimr cluster situated in the southern region of PDO’s concession area. Covering a vast expanse of 1,875 square kilometers, Nimr is the company’s largest cluster and encompasses an extensive well

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Energy Gas International News

Saudi Arabia and Kuwait Reiterate Exclusive Ownership of Controversial Durra Gas Field

Saudi Arabia and Kuwait reaffirmed on Wednesday that the ownership of natural resources in the divided submerged area in the Arabian Gulf, including the entire Al-Durra gas field, is jointly owned by both countries. The Ministry of Foreign Affairs of Saudi Arabia made an official announcement stating that Saudi Arabia and Kuwait hold exclusive and full sovereign rights to exploit the wealth in that area. In addition to asserting their joint ownership, the two nations

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Energy International News Oil

QatarEnergy to Award EPC Contract for $50 Million Refinery Upgrade

QatarEnergy is anticipated to award the engineering, procurement, and construction (EPC) contract for its $50 million upgrade project for eight Refinery Chemical Stores in Mesaieed Industrial City by the fourth quarter of 2023. The EPC contract tender was reportedly issued on July 18, 2023, with the bid submission deadline set for August 13, 2023. It is projected that the contract will be awarded by early November 2023, as reported by Zawya Projects. The scope of

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Energy News Oil

Great Britain to grant over 100 new licenses

The International Energy Agency stated that in order to achieve global climate goals, no new oil and gas projects should proceed. Environmentalists criticize the plan. On Monday, the 31st, Great Britain committed to granting hundreds of licenses for oil and gas extraction in the North Sea, as part of efforts to become more energy independent, drawing criticism from environmental activists. Prime Minister Rishi Sunak confirmed the plans for over 100 licenses of this kind, which

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Energy International News

Top 10 Lithium Mines in Africa

Africa has considerable lithium resources, boasting 5% of the world’s total reserves. Lithium is an essential element for the energy transition and is used in a variety of applications, including batteries for electric vehicles and energy storage systems. As the auto industry shifts towards electric vehicles, lithium-rich African countries such as Zimbabwe and Namibia are poised to benefit from increased global demand. Note: The information provided in this article is based on the data available

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Diamonds Economy Energy Local News

Angola and Botswana to Explore New Areas of Cooperation

Angola and Botswana are looking at strengthening bilateral relations while exploring new areas of cooperation to support economic growth. The respective Presidencies announced plans to formalize the signing of outstanding memoranda of understandings while inking new agreements in the fields of trade, air services and energy. Angolan President João Lourenço and his Botswanan counterpart Mokgweetsi Masisi agreed to work together to sign the Double Taxation Avoidance Agreement; Bilateral Air Services Agreement; Mutual Legal Assistance Agreement;

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