Tables of Content I. Introduction II. Drag Reduction Mechanism and Cost Logic 2.1 Hydrodynamic Drag Reduction Mechanism 2.2 Core Logic of Cost Optimization III. Direct Cost Reduction Pathways 3.1 Electricity Savings and Pump Power Reduction 3.2 Deferring Intermediate Pump Station Construction (Deferment CAPEX) 3.3 Reduced Heating Costs 3.4 Fixed Cost Reduction Through Increased Flow Rate […]
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Over the past five years, some of Europe’s larger oil and gas companies have twice changed the way they supply energy. Previously, the oil and gas giants aspired to become the renewable energy industry leader. But now, as renewable energy is less profitable than expected, European oil and gas giants also follow the footsteps of […]
Tarun Kapoor, an advisor to Prime Minister Modi, said India’s finance ministry will consider abolishing the windfall profits tax on domestic crude oil production. This is because the current price of oil is well below the level when the tax was imposed in 2022. Kapoor said that the premise of completely removing the measure of […]
In its latest annual report, the International Energy Agency (IEA) predicts that global demand for fossil fuels will peak in 2030. After that, the world will enter the “age of electricity”. By 2030, the IEA says, there will be a global oil and gas glut. Green energy investment will increase. The world will accelerate the […]
BASF, on October 15, has received approximately €310 million in grants from the German government. The grants will be used to build the world’s largest CO2-free industrial heat pump for steam production. The project is scheduled to begin construction in the first quarter of 2025 and be operational in 2027. Steam is one of the […]
Polyacrylamide polymers play a vital role in oil field recovery. The recovery rate of the oilfield can be effectively improved through the reasonable application of polyacrylamide polymer. The main application principles of polyacrylamide polymers in oilfield recovery enhancement are analyzed to ensure the effectiveness of polyacrylamide polymers and meet the actual efficiency needs of today’s […]
Recently, OPEC, the U.S. Energy Information Administration (EIA), the International Energy Agency (IEA), the three major energy agencies have released a monthly report, the demand forecast to make adjustments, are more optimistic expectations for global crude oil demand in 2022. The positive impact of this news, coupled with the Fed’s September rate hike may have […]
On Tuesday, Petrobras announced the signing of a 10-year, $10 billion loan agreement with China’s China Development Bank. Under the agreement, the company will expand its crude oil exports to China. Foreign media see this as another victory for China’s “loans for oil”. Especially this cooperation is between two of the most dynamic economies of […]
The US consumer price index accelerated in May at its fastest pace since September 2008 as the economy recovered from a recession triggered by the COVID-19 pandemic, the Labour Department reported on Thursday (June 10). They were up 5% from a year earlier. That was higher than the Dow Jones estimate of 4.7%. Year on […]
NEW YORK, May 31 (Reuters) – The average price of gasoline in the United States rose 19 cents per gallon over the past two weeks as a weaker dollar boosted crude oil prices, according to a Lundberg Institutional Survey released on Sunday. The survey of 5,000 gas stations in the United States showed the national […]