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

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UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

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BP takes delivery of 6 new LNG tankers

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Equipped with next-generation engine technology, the new ships are designed to be about 25% more fuel efficient than their predecessors. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

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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: Saudis Could Face An Open Revolt At Next OPEC Meeting

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Market” forces include many components. A key component—perhaps the key component—is a country’s capability, at a minimum, to maintain output, and better yet, to increase output. While all OPEC members, including Saudi Arabia, have suffered from the Saudi decision, they have not shared the pain equally. percentage points.