News

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Oil and Gas

Saudi Arabia increases oil prices to record premiums

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 8, 2022.
The world’s biggest crude oil exporter, Saudi Arabia, raised official selling prices for its flagship crude in the Asian market in May to a new record against regional benchmarks, in a move widely expected by traders and refiners.

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Innovation

Innovative shaft generator technology increases energy efficiency at sea

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 8, 2022.
ABB’s new online shaft generator will allow ship operators to benefit from the efficiency, performance and reliability of permanent magnet technology. The new generator improves flexibility and ease of installation for a wide variety of vessels, including bulk carriers, container ships, LNG tankers, and passenger and car ferries.

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An ‘electronic nose’ and infrared assess the quality of gasoline

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 8, 2022.
A research team from the University of Cádiz has applied two different artificial intelligence tools to compare their precision in the gasoline quality control process and classify it based on its self-combustion capacity. Both conclusions will allow the industry to have updated, precise and real-time information on the composition of this hydrocarbon.

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Oil and Gas

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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The oil and gas industry will meet at the first event dedicated to sustainability in Colombia

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 7, 2022.
The Great Forum ACP Sustainability Facts will take place on May 11 and 12 at the Blue Gardens Convention Center of the Hilton Hotel, Barranquilla, Colombia. The event will address discussions on the contributions of the oil and gas industry to the Sustainable Development Goals (SDGs) and country targets.

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