In a twist, India’s new strategic oil reserves will be privately run
May 14, 2021
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The PPP mode aims to leverage private sector resources in construction and operation with some financial support from the government
A private firm or consortium will run the two new underground crude oil storage facilities planned in Odisha and Karnataka in a move that discards an earlier plan by the government to build these reserves through the public sector Indian Strategic Petroleum Reserves Limited (ISPRL).
The government has decided to more than double the country’s strategic crude oil reserves to 11.83 million tonnes (mt) from 5.33 mt to boost crude oil availability during oil shortage events. The two strategic reserves can hold 47.8 million barrels of crude.
Burgum stresses opportunities for carbon capture, storage and utilization with U.S. Energy Secretary
BISMARCK, N.D. – In a phone call today with U.S. Energy Secretary Jennifer Granholm, Gov. Doug Burgum highlighted opportunities to help meet the nation’s energy needs in a sustainable way through research and development of carbon capture, storage and utilization (CCUS) technology by the oil and gas, coal and biofuel industries.
The discussion came just hours after Burgum, speaking at the Williston Basin Petroleum Conference, challenged the energy industry to help make North Dakota a carbon-neutral state by the end of the decade, citing several CCUS initiatives being planned or underway.
9 enterprise storage start-ups to watch
Young storage companies are innovating products that range from storage arrays to mainframe storage management to cloud storage and more. Credit: Dreamstime
As the enterprise edge expands to include semi-permanent remote workforces, Internet of Things (IoT), and a range of applications like artificial intelligence (AI) and M2M, they generate torrents of non-stop data that must be stored indefinitely and be available in near-real-time to users and applications.
Legacy storage architectures are failing to keep up with both data growth and user/application demand. While storage innovation is pushing more workloads into the cloud, many start-ups have found that the average enterprise is not yet ready for cloud-only storage.