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Petrobras’ business plan includes spending $6.63 billion on infrastructure and R&D, including investments in the digital transformation area.
As Canada’s domestic producers export heavy crude to the U.S. refiners on the Gulf Coast, many of the country’s refineries are forced to import volumes of light oil.
The company’s chief executive says more global E&P spending is needed to minimize an impending production deficit.
Developers of the field, located in the North Falkland Basin, hope to sanction the first phase of the project by year-end 2018 as costs fall.
Nexans gives insight on the changing role of umbilicals and the importance of pipeline heating to subsea flow assurance.
Partnership influences product development that reflects changes in operational demands.
The so-called USE It Act encourages carbon capture, utilization and sequestration projects with focus on technology development and adding commercial value such as for CO2 EOR.
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