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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

Oil Price
05-05-2022

OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.
Gas Turbine
05-05-2022

Siemens Energy Sells 100th H-Class Gas Turbine—Fleet Exceeds 2.5 Million Operating Hours
In late March, Siemens Energy announced separate agreements with Guangdong Energy Group Co. Ltd. and Shenzhen Energy Group Co. Ltd., in which the gas turbine giant will deliver a total of four SGT-8000H units for installation.
United Kingdom
01-05-2022

UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy projects, his department said on Saturday.
LNG
01-05-2022

LNG Terminals in Europe Are Filling up Fast
Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas.
Oil Field
29-04-2022

Shell Fined £50K for Breaching Production Consents
The UK’s oil and gas regulator fined Shell UK £50,000 for breaching five field production consents.
LNG
28-04-2022

U.S. Authorizes More LNG From Two Plants in Development
The U.S. Department of Energy said on Wednesday it authorized additional liquefied natural gas shipments from two plants in construction and development.
Carbon Emissions
28-04-2022

Canada Oil Industry Needs $51 Billion to Decarbonize
Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increasing production in line with demand.
Oil Refinery
28-04-2022

American Oil Refiners Set for a Blowout Year
Soaring fuel prices have been a boon for U.S. refiners this year.
LNG
28-04-2022

Tree Energy Solutions Fast Tracks German Green Gas Project
Tree Energy Solutions fast tracks Wilhelmshaven green gas project to bolster German and European energy security amid the Ukraine crisis.
27-04-2022

Oil Demand Predicted to Peak by 2025
Power consumption is expected to triple by 2050, according to a new report.
Crude Oil
27-04-2022

EU Steps Up Purchases of U.S. Oil
EU crude oil imports from the U.S. are ramping up as the EU mulls an import ban on Russian crude.
Oil Field
26-04-2022

Chinese Giant Brings on Stream Two Projects in Bohai Sea
Chinese oil and gas player CNOOC Limited has kicked off production from two oilfield development projects located in the Bohai Sea off China.
Oil&Gas Drilling
26-04-2022

Shell Gets Closer to Drilling North Sea Gas Target This Year
Oil major Shell and its London-based partner Deltic Energy are planning to drill an exploration well on the Pensacola gas prospect in the UK sector of the North Sea later this year.
LNG
26-04-2022

UK’s Gas Imports From Russia Increased by 37% in 2021
Russia was the fourth-most imported source for the UK last year, according to official data.
Oil & Gas Trade
26-04-2022

Possible to Pay for Russian Gas While Complying with Sanctions - Uniper
Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even though Moscow has demanded payments in roubles.
Oil&Gas Drilling
26-04-2022

Biden Reverses Trump Move to Open up More Oil Drilling in Arctic
The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling.
Crude Oil
25-04-2022

Abu Dhabi Crude to Head to Europe, Replace Russian Oil
A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two years, according to traders and a shipping report on Monday.
Crude Oil
25-04-2022

EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Valdis Dombrovskis.
Natural Gas
25-04-2022

Austria Is 80% Dependent on Russian Natural Gas, Minister Says
Big Oil executives are reportedly dumping tens of millions of dollars worth of company shares.
LNG
25-04-2022

High LNG Prices Are Here to Stay
The global market for LNG has turned from a buyer’s market to a seller’s market.
Oil&Gas Drilling
24-04-2022

Chevron Cleared to Start up Gorgon and Jansz Feed Gas Pipeline and Wells
Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, start‐up and operation of the Gorgon and Jansz feed gas pipeline and wells.
Oil Field
24-04-2022

BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field
E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polvo from BW Offshore for a price tag of $50 million.
Australia
24-04-2022

Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
LNG
24-04-2022

Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst
Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in Ukraine.
Natural Gas
23-04-2022

Germany's New Gas Storage Law - How Will It Work?
A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from May 1 after parliamentary approval.

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