15 December 2023
15 December 2023
The new petrochemical business is expected to carry a value of more than $30bn.
The pipeline has been restarted following the completion of repair work, integrity testing and regulatory approval.
The Linnorm discovery is believed to be the biggest undeveloped gas discovery on the Norwegian Continental Shelf (NCS).
Situated along the maritime border between Venezuela and Trinidad and Tobago, the gas field is thought to contain up to 4.2 trillion cubic feet (tcf) of gas.
Unit Corporation, through its subsidiary Unit Petroleum Company (UPC), divested around 51,000 net acres in the Texas Panhandle region.
Japan leads among countries in Asia with a regasification capacity of 10,72bcf in 2022.
Among regions, Asia continues to lead globally, in terms of new build and expansion regasification capacity growth.
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Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.
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