By Nermina Kulovic Africa is conservatively forecast to reach peak gas production at 470 Bcm by the late 2030s, according to Rystad Energy research. The post Europe eyes gas-rich African nations for new supplies, Rystad says appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News
By Nermina Kulovic The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year. The post Global gas… … Read Full Article Here For more great articles: Offshore Energy Today
By Melisa Cavcic In comparison to the previous month, Norway’s oil and gas production increased in February 2022, however, it was below NPD’s predictions. The post Norway sees small increase but deviates from… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Norwegian oil and gas company Vår Energi has made a discovery at the Rødhette exploration well, located in the Barents Sea off Norway. The post Vår Energi’s new discovery at lower end of… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport. The post Rystad downgrades peak oil demand to 101.6 million bpd… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Australian resource company BHP signed the first LNG supply deal for its Newcastlemax bulkers with Shell. FueLNG Bellina The five vessels will transport iron ore between Western Australia and China from 2022. Shell has been awarded the contract to fuel the vessels, which BHP will charter from Eastern Pacific Shipping (EPS) for…
By Nermina Kulovic Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields. The post Norway: October oil output hit by… … Read Full Article Here For more great articles: Offshore Energy Today
By Jasmina Ovcina Image courtesy: DNV GL DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine…
By Adnan Bajic The distribution of liquefied natural gas (LNG) as fuel for long-distance haulage has only recently started gaining momentum in Germany. Courtesy of Iveco The segment has been experiencing a boom across Europe for a while, German LNG Terminal, the joint venture aiming to build and operate an LNG terminal in Brunsbüttel, said…
By Adnan Bajic Australia’s LNG capacity expansion is nearing its end and although the country has taken over the LNG exporter top spot in 2019-20, the earnings are expected to dip. Courtesy of Woodside In its Resources and Energy Quarterly report, Australia’s Department of Industry, Science, Energy and Resources, noted that the latest wave of…