#modlitsezaklimaThread by @xr_cambridge on Thread Reader App – Thread Reader Apphttps://threadreaderapp.com/thread/1404010271094579203.htmlEmissions must fall 60% in 9 years & the IEA says zero new oil & gas projects for a hope of even ‘net’ zero. So it would be reasonable to assume laws are being passed to end exploration right? In fact, the world is on an oil & gas binge.
US: Drilling in Alaska; record offshore oil and gas exploration, extracting 17m barrels a day, $323bn to be spent in 4 years (expenditure on climate under Biden’s infrastructure plan is $36bn)
https://www.offshore-mag.com/drilling-completion/article/14199897/brazil-guyana-to-boost-offshore-drilling-market-recoveryUK: recently granted 113 licences over 259 drilling blocks in the North Sea, two new platforms installed just last week
https://www.offshore-mag.com/regional-reports/north-sea-europe/article/14182884/oil-and-gas-authority-offers-uk-offshore-licenses-to-65-biddersChina: 19 new projects in 2021, increasing production 4% to record 545-555 million barrels of oil equivalent, targeting 640-650 million barrels of oil equivalent in 2023
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/020521-cnooc-plans-to-raise-oil-gas-output-4-on-year-to-about-15-mil-boed-in-2021Norway: 61 new oil and gas exploration licenses just granted
https://www.worldoil.com/news/2021/1/19/norway-grants-61-new-offshore-oil-and-gas-exploration-licensesSaudi Arabia: 4 new discoveries, record $140bn spend on oil and gas to 2025, 1.6m barrels a day in 2021
export.govhttps://www.export.gov/apex/article2?id=Saudi-Arabia-oil-and-gasAbu Dhabi: New oil field producing 45,000 barrels a day starting 2023
https://www.offshore-mag.com/field-development/article/14204029/national-petroleum-construction-co-awarded-744million-contract-for-belbazem-oil-and-gas-project-offshore-abu-dhabiRussia: just the 536 new oil and gas projects between now and 2025
https://www.offshore-technology.com/comment/russia-leads-upcoming-projects-starts-across-oil-gas-value-chain/Canada: the tar sands produce 3m barrels a day. Trudeau government just greenlit 3 new offshore sites off Newfoundland
https://www.nationalobserver.com/2021/01/13/news/canada-greenlights-three-offshore-drilling-projects-newfoundlandUganda: *423* new wells with drilling led by Chinese national oil and gas company. Oil coming on stream 2025.
McDermott, Sinopec take $2bn Tilenga job in Ugandahttps://www.energyvoice.com/oilandgas/africa/ep-africa/329248/mcdermott-sinopec-tilenga-work/Nigeria: 100 new oil and gas sites coming into production between 2021 and 2024, one site alone producing 650,000 barrels every day, starting next year
https://www.offshore-mag.com/regional-reports/africa/article/14201486/nigeria-to-lead-african-upstream-oil-and-gas-projects-globaldata-report-findsGreece: 10,000 barrels a day new site in development
https://www.offshore-mag.com/field-development/article/14203916/energean-pushing-ahead-with-epsilon-development-offshore-greeceMexico: New Zama site, 150,000 barrels a day by 2024
Zama Oil Field - One of the world's biggest shallow-water discoverieshttps://www.nsenergybusiness.com/projects/zama-oil-field-gulf-of-mexico/Brazil: 92 “frontier” blocks up for sale next year
https://www.upstreamonline.com/exploration/brazil-sets-date-for-fresh-licensing-round-featuring-new-frontier-blocks/2-1-920946Japan: Heavy crude oil production began a few months ago from its 1 offshore rig
https://www.energy-pedia.com/news/japan/japex-commences-commercial-production-from-shallow-reservoir-at-the-yufutsu-oil-and-gas-field-in-hokkaido-179918Australia: Around 500,000 barrels a day extracted, new discoveries come in all the time
https://www.offshore-energy.biz/beach-energy-in-another-exploration-success-with-fresh-gas-discovery/Uruguay: 7 new offshore drilling blocks auctioned
https://www.offshore-mag.com/geosciences/article/14069070/uruguay-open-round-presents-unique-offshore-frontier-opportunityGuyana: Exxon new discovery last week
https://www.offshore-mag.com/drilling-completion/article/14204919/exxonmobil-finds-more-oil-in-longtail-area-offshore-guyanaQatar: $1billion offshore pipelines project
https://www.offshore-mag.com/pipelines/article/14199857/saipem-lands-further-north-field-offshore-qatar-contractNew Zealand: new exploration in the waters off the poster child for progressive climate politics
Todd secures onshore exploration permit in Taranaki basin, New Zealandhttps://www.nsenergybusiness.com/news/todd-exploration-permit-taranaki/Malaysia: 17 licenses up for auction including 3 new “study” sites
https://www.offshore-mag.com/regional-reports/asia/article/14198881/malaysia-adapts-terms-for-latest-offshore-bid-roundVietnam: new oil and gas discoveries last year led by Eni
https://www.offshore-mag.com/drilling-completion/article/14180472/eni-finds-more-gas-condensates-offshore-central-vietnamIran: 2.4 million barrels a day, up 400,000 barrels a day from April 2020. New discovery adds 2.2 billion barrels a day.
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/111119-irans-oil-sector-given-boost-by-new-oil-discoveryIndonesia: new discoveries, government extends exploration to find more to March 2022
https://www.offshore-mag.com/regional-reports/asia/article/14196196/partners-to-drill-two-wells-on-tuna-offshore-indonesiaSouth Africa: New 60 trillion cubic feet gas discoveries by Total could be “gamechangers.” Yep. Not in the way they think though.
https://businesstech.co.za/news/business-opinion/467398/the-gas-discoveries-off-south-africas-coast-could-be-game-changers/Angola: 1.5m barrels a day extraction, new discoveries to add
https://www.africanews.com/2021/04/08/new-discoveries-in-angola-s-prolific-basins-fuel-interest-in-ongoing-bid-round/Namibia: possible 120bn barrel discovery
https://oilprice.com/Interviews/Is-This-The-Worlds-Most-Exciting-Oil-Discovery-An-Interview-With-Craig-Steinke.htmlKazakhstan: new $850m plant to process oil from the Kashagan oil field which is targeting 500,000 barrels a day in 2027, up from 380,000 barrels a day now
https://neftegazru.com/news/politics/496051-kazakhstan-s-kashagan-will-produce-500-000-barrels-of-oil-per-day-in-2027/#:~:text=%2D%20Neftegaz.RU.-,According%20to%20NewEurope%2C%20the%20level%20of%20daily%20production%20at%20the,barrels%20per%20day%20in%202027Papua New Guinea: new wells “back on track”
https://www.offshore-mag.com/field-development/article/14202737/papua-lng-project-back-on-track-following-delay-due-to-covid19Timor West: 3 new sites, production begins in autumn
https://www.offshore-mag.com/drilling-completion/article/14204019/nextphase-drilling-starts-at-bayuundan-in-the-timor-seaMore Brazil: 2.8m barrels a day, new discoveries in Jan, new sites coming on stream this year
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/012921-brazils-petrobras-makes-new-subsalt-discovery-in-campos-basin-blockPakistan: recent new discoveries, gas extraction up 50% in one year, 2019-2020
https://www.ogj.com/exploration-development/article/14203597/pgnig-expands-pakistan-presence-with-license-farm-in603 oil and gas projects scheduled to begin in the next 3.5 years, 420 in the US, the rest in Canada. 80% are *new* builds.
The US dominates upcoming projects starts across oil and gas value chainhttps://www.offshore-technology.com/comment/us-upcoming-projects-oil-and-gas-north-america-2025/Huge $3.6bn project off the coast of Darwin, Australia, gas coming on stream 2025
https://www.ogj.com/exploration-development/article/14200365/santos-takes-fid-on-barossa-gas-field-developmenthttps://www.ogj.com/exploration-development/article/14200365/santos-takes-fid-on-barossa-gas-field-development
Morocco Subsea Project Gets on Fast Track | Rigzone https://www.rigzone.com/news/morocco_subsea_project_gets_on_fast_track-24-feb-2021-164712-article/New offshore oil and gas projects to hit record high in next 3.5 years
Offshore projects to hit record high | Offshorehttps://www.offshore-mag.com/field-development/article/14200153/offshore-projects-to-hit-record-high