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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

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The penetration of FNLG in Africa, which started in Cameroon and expanded to Angola and Mozambique and now to Senegal, Mauritania and Nigeria, highlights Africa’s commitment to unlocking the full exploitation of its gas resources. UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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billion barrels of resource for more than 40 years. This places oil sands within the same GHG intensity range as 45% of crude oil supplied to US refineries in 2012.). The California Air Resources Board (ARB) established the 2014 Crude Average carbon intensity of 11.30 Kearl will access approximately 4.6 Earlier post.).

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Pensana plans $125M rare earth separation facility in England

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The Saltend plant would purify rare earth sulfates, which would be imported from the company’s Longonjo mine in Angola. China currently supplies 98% of Europe’s rare earth magnets. MP Materials is planning to produce around 6,000 tonnes of magnet metal oxides from 2023. —Ursula von der Leyen EU President, February 2021.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Russia supplied about 30 percent (146.6 The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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Of the non-Saudi, non-Gulf Arab ally OPEC members, only Libyan per capita resources exceed the average. Saudi and Gulf Arab OPEC members’ foreign currency reserves and sovereign wealth funds (SWF) comprise approximately 78 percent of total OPEC member holdings, $2.73 trillion of $3.05 billion vs. $1.6 billion) and $1 billion ($2.5