Tag: Oil and gas
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Who Controls the World’s Oil? The Hidden Power Behind State-Owned Reserves
Black Gold Governance: The State of Oil Control The geopolitical struggle for oil dominance shapes global economics, with OPEC members controlling 79.5% of proven reserves through state-owned enterprises. This concentration of energy resources continues to influence international relations and market stability. For more on the top players in the oil and gas industry, see Who…
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Petrobras’ 2024 Reserves Surge: Strategic Innovations and Key Field Developments Fuel Growth
Petrobras’ 2024 Reserves Report: Growth and Strategic Initiatives Petrobras 2024 Reserves Overview Petrobras, Brazil’s state-owned oil and gas giant, has reported a substantial increase in its proven reserves of oil, condensate, and natural gas for 2024. The Petrobras 2024 Reserves Report marks a significant milestone, with the company reporting a substantial increase in its oil…
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Shell’s Exit from Atlantic Shores: A Turning Point for Offshore Wind
Shell’s Withdrawal from Atlantic Shores: Implications and Future Prospects Introduction to Shell’s Offshore Wind Project The Atlantic Shores project, a significant offshore wind initiative, aims to generate 1510 MW of clean energy, enough to power approximately 700,000 homes in New Jersey [NJ.gov]. This joint venture between Shell and EDF Renewables is pivotal in New Jersey’s…
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Eni’s Drilling Resumption at Zohr Gas Field: A Game Changer for Egypt’s Energy Strategy
Eni’s Drilling Resumption at the Zohr Gas Field: A Pivotal Moment for Egypt’s Energy Strategy Eni’s plans to resume drilling activities at the Zohr gas field offshore Egypt, with the arrival of the Saipem 10000 drillship, mark a pivotal moment in the country’s energy strategy. This initiative aims to boost production to 220 million cubic…