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OPEC Says Global Oil Consumption Will Hit 123 Million bpd by 2050

OilPrice

In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029. However, global economic development with growing demand for oil and an increasing global population and middle class are set to underpin demand…

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Trigon Pacific Terminals announces new LPG export facility in Prince Rupert, Canada

BOE Report

The export facility is expected to begin operations by late 2029, subject to securing legal and regulatory approvals. Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 million metric tons per year at Prince Rupert, Canada.

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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

It expects the project to start production 2029. The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. Oil comprises 75 percent and gas 25 percent, according to Equinor.

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Is Appalachia the Answer? U.S. Natural Gas Giants Eye New Pipelines

Rextag

Bcfd by 2029, responding to strong shipper interest. Both faced years-long fights over water permits before being canceled in 2020 and 2024, respectively. High-Interest Expansions Millennium Pipeline plans an expansion to add up to 0.5 Owned by DT Midstream and TC Energy, the pipeline already moves 2.0 Bcfd into North Carolina.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Located strategically next to the Suez Canal, it offers a critical bunkering hub for ammonia-fuelled vessels navigating one of the world’s busiest shipping routes.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Fatema Al Nuaimi , chief executive officer of ADNOC Gas, said, “The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas’ strategy to deliver +40% EBITDA growth between 2023 and 2029.

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ENGIE descarbonizará 22 plantas industriales de Airbus

Oil & Gas Magazine

Se realizarán estudios de ingeniería en dichas plantas industriales , y la implementación de los proyectos comenzará gradualmente en 2026 y su puesta en servicio no más tarde de 2029. Hay que tomar en cuenta que esta no es la primera vez que ENGIE y Airbus trabajan juntos, ya que llevan más de 40 años colaborando en Francia.