Posted inNewsExploration & Production

Developing the future of gas

Neil Gunnion, Country Head and Vice President, Operations, Qatar at McDermott speaks exclusively with Oil & Gas Middle East following the announcement that his firm will be responsible for the offshore scope of Qatar’s giant North Field Expansion Project

McDermott was awarded a major engineering, procurement, construction, and installation (EPCI) contract by Qatargas in January for the offshore scope of its North Field Expansion Project. The North Field Expansion Project will increase Qatar’s liquefied natural gas (LNG) production capacity significantly, from 77 million tons per annum to 126 million tons per annum. LNG is […]

Posted inNewsExploration & Production

Europe gas supply at risk as Russia’s rubles payment deadline approaches

Russia says it demands only rubles for its gas and will not ship gas for free

Russia’s insistence that its “unfriendly” nations pay in rubles for Russian natural gas risks disrupting European supplies as soon as this week as the deadline set by Putin for moving to ruble payments is drawing closer. Europe, which depends on Russian natural gas for more than one-third of its demand—with some countries, including the biggest […]

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Natural gas demand will increase 46% in 2050, GECF says in new report

Global demand will increase as natural gas and renewables lead the energy transition, the group said

Global natural gas demand will rise by 46% from 3,840 billion cubic metres (bcm) in 2020 to 5,625 bcm in 2050, the Gas Exporting Countries Forum (GECF) said in a report released Monday. The report, titled Global Gas Outlook 2050, also found that the Asia Pacific region, Middle East, and Africa would responsible for the […]