According to research by McKinsey & Company, aggregate fossil fuel demand is set to peak in 2027, with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19
Gas
SNOC launches gas storage project
Sharjah National Oil Corporation (SNOC) has announced the start-up of its new gas storage project following a small-scale pilot phase using existing infrastructure that has been running since early 2017
SNOC and Eni announce production start-up of the Mahani Gas Field
Sharjah National Oil Corporation (SNOC) and its partner Eni have announced the start-up of Mahani-1 gas well, marking the commencement of gas production from the Mahani Field, in Sharjah Area B
WoodMac: Over three quarters of new LNG supply could be impacted in 2-degree world
Over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario, suggests Wood Mackenzie’s latest report
Aramco awards contracts to eight companies for its oil and gas brownfield projects
The Long-Term Agreements (LTAs) have been announced as part of Aramco’s new contracting strategy for the company’s oil and gas brownfield and plant upgrade projects
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