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A recent discovery of mega-offshore oil fields in South Africa increases the chances of finding oil off the coast of Argentina

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 7, 2022.
In January 2022, the industry was shocked by the announcements of two major offshore discoveries in Namibia, off the coast of South Africa. Shell first announced the discovery of light oil in Graff-1 estimating a total volume of hydrocarbons in the field, which could reach 1,000 million barrels of oil.

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Swiss airline will be the first in the world to use solar fuel

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 7, 2022.
Sunlight may be the path to carbon-neutral flights thanks to “sun-to-liquid”, a process created by the company Synhelion that makes sustainable aviation fuel (SAF) from sunlight. Swiss will be the first airline to benefit from this procedure and solar kerosene from next year thanks to the collaboration between the Swiss company, Lufthansa and Synhelion.

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Germany nationalizes a subsidiary of Russia’s Gazprom to guarantee gas supplies

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 6, 2022.
The German government took control of Gazprom Germania to prevent the liquidation of the company and to guarantee security of supply in the gas market. The subsidiary of the Russian gas company owns gas storage assets in Europe and has important supply contracts with German industry. The European Commission will propose to ban coal imports from Russia.

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Indian Oil, L&T and ReNew team up to develop green hydrogen business

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 6, 2022.
To drive India’s decarbonization, Indian Oil Corporation Limited, Larsen & Toubro Limited and ReNew Power announced the signing of a binding term sheet for the formation of a joint venture (JV) to develop the nascent green hydrogen sector in India. India.

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