The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, today publicly unveiled its annual GECF Global Gas Outlook 2050 (Outlook), a comprehensive report on the status of natural gas up to 2050.

The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG Outlook published today.



A pioneering venture between 3t EnerMech and Orinduik Development Incorporated Training Center will deliver Guyana’s first in-country, state-of-the-art training facility for the local workforce, supporting the development of the country’s fast growing offshore oil and gas sector.

Wood, the global consulting and engineering company, will extend its two-decade long relationship with international energy company Equinor following the award of a three-year contract extension to support the company’s assets on the Norwegian Continental Shelf.

ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.

TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well.

As the global population edges towards the 10 billion mark by 2050 and world GDP more than doubles, natural gas will continue to play a crucial role in alleviating energy poverty, fueling economic growth, expanding prosperity, and contributing to the protection of the environment, according to HE Eng. Mohamed Hamel, the Secretary General of the Gas Exporting Countries Forum (GECF).

Crude Oil:

Eni started production from Ndungu Early Production (EP) development project, in Block 15/06 of the Angolan deep offshore, via the Ngoma Floating Production Storage and Offloading (FPSO) vessel.

Abu Dhabi National Oil Company (ADNOC) has announced framework agreement awards valued at $1.94  billion (AED 7.1  billion) to enable drilling growth.

MacGregor, part of Cargotec, has been selected to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of South China Sea. The contract has been awarded following the successful cooperation and delivery of the mooring system and riser pull-in system for CNOOC’s Lingshui 17-2 project.
 

Production at the Liza Unity floating, production, storage and offloading (FPSO) vessel is expected to reach its target of 220,000 barrels of oil later this year, as operations continue to be brought safely online.

ExxonMobil subsidiary Esso PNG P’nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P’nyang project gas agreement for the proposed development of the P’nyang LNG project.

On behalf of the partnerships Equinor is exercising options worth NOK 8 billion with Archer, KCA Deutag and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging, maintenance and modifications on 19 of Equinor’s permanent installations, maintaining strong ripple effects.

The upstream (fields) sector is forecasted to dominate the upcoming projects count in the UK during the next four years, accounting for more than 70% of the total projects starts anticipated during that time, says GlobalData, a leading data and analytics company.

TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico.