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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.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Gas-flaring countries and trends. A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil and its partners started production of oil at the Liza field in December 2019, less than five years after the first discovery of hydrocarbons and years ahead of industry average. Production in Guyana is expected to reach more than 750,000 gross barrels of oil per day by 2025. million net acres.

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. billion barrels of liquid fuels and chemicals from coal and natural gas. —Gas to Liquids Life Cycle Assessment Synthesis Report.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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A fourth volume examining energy security in Nigeria and other nations in the Gulf of Guinea is scheduled for later publication. Notable examples of nations where security shortfalls are significantly impeding investment and production are Nigeria; Iraq; Sudan; and, most recently, Libya.

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