Category: Highlights

On Wednesday, Airbus revealed in a press release that it was developing a hydrogen-powered fuel cell engine as one of the potential solutions to equip its zero-emission aircraft that will enter service by 2035. The next steps will be for Airbus to start ground and flight testing this fuel cell engine architecture onboard its ZEROe demonstrator aircraft. The A380 MSN1 flight test aircraft is currently being altered to give it the capacity to carry liquid hydrogen tanks and their distribution systems. Fuel cells are a potential solution to help us…

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Turkish Petroleum (TPAO) has discovered 150 million barrels of oil in the Mount Gabar Area, southeast Turkey. Turkish President Recep Tayyip Erdoğan announced the find during a cabinet meeting on Monday. He said: “It is one of the top 10 onshore discoveries in 2022. The reserve value is approximately $12 billion. “We produce 5,000 barrels per day in four wells in this region, which has a very high oil quality. With 34 more discoveries in 2021 alone, we added another 71 million barrels to our current reserve,” Erdoğan added. Turkey will celebrate its…

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Last week, we published one of the more bearish articles on the oil price outlook as reviewed by commodity analysts at Standard Chartered. According to the analysts, their proprietary crude oil money-manager positioning index that compares net longs across the four main New York and London-based crude contracts relative to open interest and historical norms is currently more negative than those for all other commodities they track. StanChart says that In recent months, crude oil has remained close to the bottom of the ranking of metals and energy in terms of implied positive…

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The Canadian Organizing Committee for the 24th World Petroleum Congress (“OCAN”) is pleased to announce numerous milestones ahead of hosting the Congress in Calgary, Canada from September 17 – 21, 2023. Key milestones include recognition of the initial industry and government sponsors and partners which will underpin the success of the Congress, selection of keynote speakers for the Strategic Programme of the Congress, updates on registration timelines and pricing and the appointment of two new Board Members to the Canadian Association of the World Petroleum Council. As OCAN progresses planning,…

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The project on “Digital Municipal Energy Management System” has been launched in collaboration with the Center for Intelligent System Network Research (CISNR) University of Engineering Technology (UET) Peshawar, GIZ Pakistan, ADLG Association of Development of Local Government, political partner and eight public energy distribution companies. The project is funded by GIZ Pakistan at the cost of Euro 4 million, said a press release issued here on Wednesday. The project has three main functions including the implementation of an energy management system, the implementation of digital methods for energy data management through CISNR, the implementation of low/no integrated energy efficiency methods and to…

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