Total SA has dominated in terms of long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies for the year 2020, with almost 38% of global contracted capacity, according to GlobalData, a leading data, and analytics company.
The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels. Rystad Energy’s latest balances, however, show that 2021 could offer producers a window of opportunity, as monthly supply deficits may reach their highest level in years.
The World Ocean Council is pleased to announce the launch of “BlueFIN 21” - the annual Global Blue Finance Summit.
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.
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