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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

Liquid Hydrogen
23-12-2021

Woodside Eyes Liquid Hydrogen Exports to Singapore
Australian independent Woodside Petroleum will participate in a study into the feasibility of long-term, sustainable liquid hydrogen exports from Western Australia to Singapore and potentially Japan.
Net Zero Emission
22-12-2021

New Oil And Gas Projects In UK Need To Pass Net-Zero Test
The checkpoint will apply to any future oil and gas licenses to ensure they are aligned with the UK’s climate change commitments and net-zero by 2050 target, the government said.
LNG
22-12-2021

CNOOC To Take First LNG Cargo From U.S. Exporter
China National Offshore Oil Corporation, the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG from a new export facility in Louisiana.
Colombia
22-12-2021

Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling
Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this decade, according to new analysis from Rystad Energy.
Natural Gas
22-12-2021

TotalEnergies Partners with Oman on Low-Carbon Natural Gas Projects
TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources.
Oil&Gas Drilling
22-12-2021

Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent
Oil & Gas Trade
22-12-2021

China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier
China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s biggest oil importer.
Crude Oil
22-12-2021

Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d
China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's third-largest supplier, data from General Administration of Customs showed Dec. 21.
Crude Oil
21-12-2021

Libya's NOC Says 300,000 b/d Crude Shut in
Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.
Natural Gas
21-12-2021

Petrobras Restarts Production from Brazilian Gas Field Following Pipeline Repairs
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil.
Crude Oil
20-12-2021

Eni Oil Block Expected to Enter Production in Q2 2023, Ivory Coast Says
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas.
Crude Oil
20-12-2021

Libya Considers Bonuses for Oil Companies to Boost Crude Output
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output to 1.4 million barrels a day by mid-2022.
Natural Gas
20-12-2021

Washington’s Natural Gas Usage Increased in 2020
The 2020 fuel mix report was released this week, and shows that while coal-fired power decreased slightly, the use of natural gas increased.
Natural Gas
20-12-2021

High Gas Prices Push up Electricity Cost in EU
Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
Natural Gas
18-12-2021

Brazil’s Gas Production Grew in November
Available natural gas was up by 8.1pc compared to previous month's levels, according to preliminary data from Brazil's oil and gas regulator ANP.
Crude Oil
18-12-2021

Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Oil Field
17-12-2021

Malaysia’s Pegaga Field May Start Gas Output in January
Malaysia's state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury levels at the field in September delayed the start to operations.
LNG
17-12-2021

Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project
Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President Filipe Nyusi.
Crude Oil
17-12-2021

Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
United Kingdom
16-12-2021

AstraZeneca to Power UK Sites with Biomethane in Decarbonisation Drive
British-Swedish multinational pharmaceutical firm AstraZeneca has partnered with Future Biogas to power its UK sites with low-carbon energy as part of the company’s decarbonisation drive.
LNG
16-12-2021

Dutch Bio-LNG Project Secures EU Funding
A liquefied biogas production project by Dutch firms Titan LNG, Attero and Nordsol has been awarded €4.3mn in funding under the EU's 'Fit for 55' package.
Oil & Gas Trade
16-12-2021

China’s Oil Imports Are Set To Slow In Q1
Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).
Natural Gas
15-12-2021

Brazil's Manati Field Gas Production Restart Awaits Pipeline Repairs
Brazilian Petrobras will take a week to make repairs to an offshore gas-export pipeline and restart production at the Manati Field, but the disruption won't affect gas supplies in the country's northeast, according to the state-led company.
Oil Pipeline
15-12-2021

Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion
Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on Tuesday.
Crude Oil
15-12-2021

Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says
The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand

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