Day: May 22, 2023

Gulf Oil Giants Turn To Start Ups In Carbon Capture Bid

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gulf-oil

Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.

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U.S. Drilling Rigs Swing To Annual Loss For First Time In Years

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oil

The all out number of absolute dynamic penetrating apparatuses in the US fell by 11 this week, as per new information from Bread cook Hughes distributed Friday, subsequent to falling by 17 last week. The all out rig count tumbled to 720 this week — 8 apparatuses beneath this time the year before. It is the main year-over-year misfortune in the quantity of dynamic penetrating apparatuses in the US since April 2021. The ongoing count is 355 less apparatuses than the apparatus count toward the start of 2019, before the…

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