The global energy landscape is on the brink of a significant transformation, primarily due to the burgeoning supply of liquefied natural gas (LNG). The International Energy Agency (IEA) has sounded the alarm, warning of a potential glut as a result of an “unprecedented surge” in LNG projects poised to come online. This anticipated influx of new capacity, particularly from the United States and… Source The post The Looming LNG Glut and Market Dynamics in 2024 appeared first on Energy, Oil & Gas magazine ..read more

Experts are predicting a tightening noose around the world’s oil supply as we advance into the second half of 2024. The tableau is one of rising tension, with the specter of escalating prices casting long shadows over economies and industries reliant on the lifeblood of crude. At the heart of this narrative is Citadel, a titan in the realm of hedge funds, whose insights into the commodities market… Source The post Oil’s Tightrope Walk into H2 2024 appeared first on Energy, Oil & Gas magazine ..read more

As the world transitions towards renewable energy sources, hydrogen has emerged as a pivotal player in the quest for sustainable transportation and industrial applications. We delve into the ambitious European initiatives that aim to revolutionize the continent’s energy landscape. The developers of projects on the list can also tap the €5.84bn energy provision in the EU’s Connecting Europe… Source The post The EU’s Hydrogen-Powered Future of Europe Unveiled appeared first on Energy, Oil & Gas magazine ..read more

As the world grapples with the pressing challenge of climate change, the energy landscape in Southeast Asia is undergoing a critical transformation. The region’s commitment to climate action and the transition to clean energy, as reaffirmed at the 26th ASEAN-China summit, has set the stage for a pivotal moment in its energy future. To achieve the region’s clean energy goals… Source The post China’s $92 Billion Clean Energy Plan for Southeast Asia appeared first on Energy, Oil & Gas magazine ..read more

N+P Group (N+P) is one of the most innovative and pioneering companies in production of waste derived alternative fuels, waste sorting and trading. With over 30 years of experience working on projects around the world, N+P is on a mission to decarbonize global industries and reduce the challenge of non-recyclable waste by turning waste into valuable new resources. Although the business is… Source The post N+P Group reveals how waste can transform industries and reduce global emissions   appeared first on Energy, Oil & Gas magazine ..read more

Exodigo creates complete, accurate underground maps that enable decision-making for its customers in utilities, transportation, and government. The company’s mission is to power the next era of underground exploration, saving time, money, lives, and the planet. Schedule delays, skyrocketing costs, utility strikes, leaks, and explosions, environmental damage, injuries, and even loss of life can… Source The post Jeremy Suard, CEO of Exodigo, breaks the subsurface status quo with a revolutionary approach to underground risk management  appeared first on Energy, Oil & Gas magazine ..read more

In an industry where precision is paramount, and the stakes are sky-high, effective communication stands as the linchpin of workplace safety on oil rigs. The oil and gas sector needs a paradigm shift in its approach to communication for the sake of worker safety, which must involve new training and technologies that allow for seamless and concise communication. Death and injury statistics on… Source The post Communication is critical to oil rig workplace safety appeared first on Energy, Oil & Gas magazine ..read more

In recent years, the energy market has been characterized by uncertainty and volatility. This is due to a range of factors, including increased frequency of extreme weather patterns, and wars in Ukraine and the Middle East that have pushed up the cost of wholesale gas prices and called into question security of supplies. However, there have also been long-term trends which look likely to… Source The post The evolution of Britain’s energy industry appeared first on Energy, Oil & Gas magazine ..read more

In recent years, the oil and gas industry has witnessed a remarkable transformation with the rapid growth of artificial intelligence (AI). In fact, AI applications are reshaping every aspect of the industry’s value chain, from exploration and production to refining and distribution, bringing about numerous benefits alongside a set of unique challenges. The integration of AI is reshaping… Source The post Transforming operations and enhancing sustainability in oil and gas appeared first on Energy, Oil & Gas magazine ..read more

Regulatory frameworks are evolving in different regions to support the adoption of sustainable aviation fuel (SAF) as the aviation industry needs to reduce its carbon emissions. The EU’s ReFuelEU initiative is a notable example, mandating that 70 percent of the 2050 blending requirement be SAF, with 50 percent of that sourced from Power-to-Liquids (PtL). This initiative sets a precedent for other… Source The post New technology is unlocking the potential of sustainable aviation fuel appeared first on Energy, Oil & Gas magazine ..read more