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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). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

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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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BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Ichthys will provide a long-term stable supply of cleaner energy to. Source: INPEX. Click to enlarge.

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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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The PFT process removes a portion of the heavy end of the barrel (asphaltenes) using less energy than would be required to remove the same heavy ends in a coker at an on-site upgrader, thus reducing greenhouse gas emissions. This places oil sands within the same GHG intensity range as 45% of crude oil supplied to US refineries in 2012.).

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. Russia supplied about 30 percent (146.6

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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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