Month: July 2020

Steam Generator Energy from steam The Energy Module turns low pressure steam of 0.6 to 5 bars usually an industrial waste product into electrical energy. With zero CO2 emissions. No additional energy resources are required. Not a single ounce of gas or coal or oil, no wind turbine and no solar system is needed to operate the Energy Module. Climate change and global development
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Waste to Energy (WtE)Energy from the waste Significant valuable recourses are created from the EAWD Waste Management Process. For Example, 1000 tons-per day of waste is processed at a typical large municipality. The operation’s daily output, could be hundreds of thousands Kilowatt hours, millions of gallons drinking water and millions of cubic feet of valuable hydrogen gas for sustainable power generation.
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Water scarcity is the lack of sufficient available water resources to meet the demands of water usage within a region At least two-thirds of the global population, over 4 billion people, live with severe water scarcity for at least one month every year. More than 1.2 billion people lack access to clean drinking water. Water scarcity involves
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A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC), the state-owned oil company said Tuesday.  As part of the agreement, the group will invest $10.1 billion to acquire a 49% stake in a newly-formed subsidiary, ADNOC Gas Pipeline Assets, with lease rights to 38 pipelines.
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1. Dow set to bounce after Friday’s 730-point plunge Dow futures were pointing to an over 200-point gain at Monday’s open, a bounce after the Dow Jones Industrial Average plunged 730 points, or 2.8%, on Friday, knocking blue chips down 3.3% last week. Following initial declines overnight, stock futures turned higher early Monday despite surging
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Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters OPEC is facing “the worst of both worlds” with the current
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The Oil and Gas Climate Initiative (OGCI) has announced a commitment of nearly $1 million to the Payne Institute for Public Policy (PIPP) at Colorado School of Mines to develop a web platform to support real-time mapping and tracking of global gas flaring data. The Global Gas Flaring Explorer platform will deliver improved monitoring, visibility and transparency
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Here are some of Rigzone’s top stories during the last week, just in case you missed them… Chevron’s Noble Deal Could Be New M&A Blueprint Chevron has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc. in an all-stock transaction valued at $5 billion, or $10.38 per share. Read full article
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(Bloomberg) — Equinor ASA reported a surprise profit in the second quarter, helped by trading gains in chaotic markets and a tax change designed to help the Norwegian oil industry through the Covid-19 crisis. The state-controlled producer, among the first oil majors to report results for the period, could prove to be an outlier in
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(Bloomberg) — Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of Covid-19 could derail the nascent recovery in global energy demand. The second-quarter rout was so bad for Schlumberger that it’s spending $1 billion on job severance in a move that will
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(Bloomberg) — In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude,
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A major independent operator in Argentina has awarded Weatherford International plc a two-year contract valued at $15 million, Weatherford reported Thursday. “This award is the result of years of experience and collaboration with the operator in Argentina,” Franklin Cueto, Weatherford’s vice president for Artificial Lift Systems, remarked in a written statement emailed to Rigzone. Under
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(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) The adage “timing is everything” seems to be particularly relevant nowadays among North American oil producers. That is one takeaway from this week’s recap of developments in the oil
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The number of rotary drilling rigs operating in the United States fell to 251 this week, Baker Hughes Co. reported Friday. The latest U.S. rig count represents a week-on-week decrease of two drilling units. It also reflects a smaller weekly decline compared to Baker Hughes’ figure for July 17, when the service company revealed the
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