China’s liquefied natural gas (LNG) importers will stay out of the spot market this winter as demand growth has skidded to the slowest since 2002, meaning the world’s top importer of the fuel will likely avoid competing with crisis-hit Europe for supplies.

The Australian Petroleum Production & Exploration Association (APPEA) believes that Western Australia (WA)’s Mineral and Petroleum Review 2021-22 highlights the importance of the oil and gas industry to the state and national economies, as this sector has reinforced WA’s fourth straight resources sales record.

Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO sailaway.

Qatar’s state-owned giant QatarEnergy has joined an industry initiative, which aims to eliminate methane emissions from the oil and gas industry by 2030.

Oil major Shell and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia.

The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.

Oilfield services provider Petrofac has been awarded a new contract to provide offshore operations services for BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal.

Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy.

US president Joe Biden has announced his administration is banning all Russia-linked vessels from the country’s ports, effective April 28, 2022.

UK-based oilfield services provider EnerMech has won its second long-term deal to support the Inpex-operated Ichthys LNG development in Australia with a subsidiary of Japan’s oil and gas player Inpex. The latest contract is for the provision of technical support and maintenance services.