Tag

Offshore

All articles tagged with #offshore

energy1 hour ago•18 min saved

Chevron Finds Offshore Angola Oil, Could Tie into Block 0 Infrastructure

Chevron reports a new offshore oil and gas condensate discovery from the 105-4X well in Angola’s Block 0, with over 300 feet of net pay in the Pinda reservoir and described reservoir quality as excellent; the company is evaluating tying the discovery into existing Block 0 facilities rather than a standalone project, potentially reducing capex and speeding production. Block 0 stake holders are Chevron's Cabinda Gulf Oil Company (39.2%), Sonangol E&P (41%), TotalEnergies (10%), and Azule Energy (9.8%). The find follows Chevron’s recent Angola activity and leverages established infrastructure to monetize future discoveries more quickly.

via Crude Oil Prices Today | OilPrice.com|

#angola #block-0 #chevron

business10 hours ago•2 min saved

IRS Opens Offshore Tax Probe Into UnitedHealth Group

The IRS is auditing UnitedHealth Group for allegedly underpaying taxes from 2017–2020 by moving profits through a foreign subsidiary; notices were issued in March, and the probe could raise taxable income for those years and potentially affect later years, marking a rare, high-stakes review of a major health-insurance conglomerate.

via STAT|

#business #irs #offshore

environment3 years ago•3 min saved

"Potential Gigatons of CO2 Storage Found in Extinct Offshore Volcano"

An extinct volcano off the coast of Portugal could store 1.2-8.6 gigatons of carbon dioxide, equivalent to 24-125 years of the country's industrial emissions, according to a new study. The process of storing carbon dioxide in an extinct volcano relies on "in situ mineral carbonation," where carbon dioxide reacts with elements in certain types of rocks to produce new minerals that safely and permanently store the carbon dioxide. The researchers targeted the offshore volcano due to its ideal architecture for carbon injection and storage, the right type of rocks for the reactions involved, and its location not too close to large populations but not too far.

via Phys.org|

#carbon-capture #environment #mineral-carbonation