The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook (WEO)
Gas
QatarEnergy selects Shell as second international partner for NFS project
QatarEnergy has selected Shell as its second international partner in the North Field South (NFS) expansion project, which comprises two LNG mega trains that will have a combined capacity of 16 million tons per annum (MTPA) and which will raise Qatar’s total LNG production capacity to 126 MTPA
Petrofac and Sonatrach team up on Tinrhert EPC2 Development Project
Following a provisional award in August, Petrofac, leading a consortium with Genie Civil et Batiment (GCB), has signed an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project
Aramco president stresses the need for credible energy transition plan
Aramco president and CEO Amin H Nasser highlighted the need for a credible energy transition plan, as he delivered a keynote speech at the Schlumberger Digital Forum
LNG investments set to surge up to 2024
As the global energy crisis deepens and countries scramble to secure reliable energy sources, investments in new liquefied natural gas (LNG) infrastructure are set to surge, reaching US$42bn annually in 2024, Rystad Energy research shows