Barbara Kipak’s Post

The FALSE Hope or perception that new major resource projects or boom would deliver economic growth need to be seriously addressed. The most recent being the PNG LNG where there was too much political fan fare and chest beating, yet after production commenced, we hardly see real benefits flowing into the economy, let alone LOs. GoPNG seriously need to come up with a deliverable Economic Diversification Policy that focuses on Agriculture and the SME Sectors in order to achieve a more sustainable economic growth rather than the rollercoaster experience that is usually associated with project construction booms. Currently, the economy is extremely debt ridden and in a sluggish state despite hosting three (3) world class gold mines, one (1) world class LNG Project and one (1) world class Nickel Mine. So what are we expecting Papua LNG to resolve? Is it going to be another PNG LNG since we are now going to the Chinese to fund our equity in the Project? Another UBS gate on the horizon? Yet the biggest question still remains: "Will GoPNG continue to seek loan after loan to purchase its equity in every project and remain trapped? One of the best options is GoPNG seriously needs to amend the existing Resource Laws and Agreements before they talk about new projects. Otherwise, developers will be the outright winners while GoPNG goes globetrotting to fund its equity in its own resources and remain debt ridden. In a nutshell, sustainable economic growth will only be achieved through economic diversification strategy and not through new projects that are still based on the existing resource laws and agreements as experience has proven so far. #resourcelaws #review #equity #projects #economy #png

🤠 TotalEnergies accelerates Natural Gas expansion in Texas! 🇺🇸 TotalEnergies is expanding its natural gas production in the United States by acquiring a 20% % interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford basin, enhancing its position in the U.S. LNG value chain. 🚀 Through this acquisition, TotalEnergies aims to increase its net U.S. natural gas production by 50 million cubic feet per day (Mcf/d) in 2024, potentially rising to an additional 50 Mcf/d by 2028. 💬 Nicolas Terraz, President of Exploration & Production at TotalEnergies, emphasized the importance of this acquisition, stating, "This strengthens our production of natural gas in the United States, contributing to reinforce TotalEnergies' LNG integration with a low cost and low emission upstream gas feed.” 📈 TotalEnergies, already the top U.S. LNG exporter in 2023 at over 10 million tons (Mt), anticipates expanding its export capacity to 15 Mt/y by 2030 through projects like Rio Grande LNG in Texas, supported by our stake in the Cameron LNG plant and long-term contracts. 🌟As the world’s third largest LNG player, TotalEnergies is committed to increasing the share of natural gas in our sales mix to close to 50% by 2030. We are dedicated to reducing carbon emissions and eliminating methane emissions associated with the gas value chain, while also promoting the transition from coal to natural gas in partnership with local communities. 🔗 To learn more about our natural gas expansion in the United States, check out the full press release here: https://lnkd.in/eaJRnCmx #LNG #NaturalGasExpansion #TexasGasProduction

This will be a game changer. Just like the new BC polls , showing that we will likely be rid of the anti-oil and gas EBay NDP government in this falls BC election. Having a BC government that works with industry instead of stopping it will be an even more important aspect of BC's Natural Gas and LNG plant developements. Falcons Liberals fired the Conservative Rustad due to Rustad not buying in to Falcons climate obsessed, anti fossil fuels aganda. It looks as though BC taxpayers like Rustad more than both Ebay and Falcon. There very positive future for Northern BC.

🇺🇸 🛠 Golden Pass LNG construction could return to normal speed after settlement Work to complete QatarEnergy and ExxonMobil's $11 billion liquefied natural gas project in Texas could speed up following a settlement agreement allowing the joint venture to choose a new contractor to take over the development, according to court documents. A settlement with Zachry for the company to step aside is expected to put an end to the standoff that delayed the project. First LNG output from the 15 million metric ton per annum (MTPA) project is now expected in 2025, rather than the end of this year as originally planned. Source ➡️ https://lnkd.in/g_k27eya #LNG #USLNG #EPC #GoldenPassLNG #ExxonMobil #QatarEnergy

🇬🇾 🚨 Fulcrum LNG Leads with High-Stakes Partnerships Fulcrum LNG, Inc.'s upcoming natural gas project in Guyana, valued at $10-$15 billion, includes U.S. partners Baker Hughes and McDermott International, Ltd. Led by former ExxonMobil executive Jesus B., this project aims to develop Guyana's extensive offshore gas reserves with financing support from multiple U.S. entities, including the U.S. Export-Import Bank. The South American country is estimated to have some 16 trillion cubic feet of gas off its coast, according to the U.S. Energy Information Administration. ➡️ https://lnkd.in/gFiaPbCw #LNG #FLNG #FulcrumLNG #ExxonMobil #BakerHughes #McDermott #EPC #Exim

TotalEnergies Boosts U.S. Natural Gas Business With Eagle Ford Assets. TotalEnergies on Friday announced a deal to buy a 45% stake in dry gas-producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in #Texas, growing its gas production business and boosting its LNG portfolio. The assets that TotalEnergies is buying are located in Southwest Texas and have the potential to be developed to reach a sustainable gross production of around 400 Mcf/d by 2028. TotalEnergies, which is the leading exporter of U.S. LNG, is further increasing the integration across its gas value chain in the United States, the French supermajor said. The deal is the second such transaction announced this year after TotalEnergies in April agreed to buy the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources in the Eagle Ford. In the U.S. natural gas sector, TotalEnergies also operates a technical production of around 500 Mcf/d in the Barnett. "This acquisition further strengthens our upstream gas position in the United States and contributes to our integrated LNG position with a low cost upstream gas supply”, said Nicolas Terraz, President, Exploration & Production at TotalEnergies. The French group exported more than 10 million tons (Mt) of LNG from the U.S. in 2023, which makes it the largest exporter of American LNG. This is thanks to TotalEnergies’s 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements. The company aims to have its U.S. LNG export capacity reach 15 Mt per year by 2030, after the start-up of the Rio Grande LNG plant in South Texas. However, the Rio Grande LNG has recently suffered a regulatory setback. Last month, a U.S. appeals court vacated the authorization of NextDecade Corporation’s Rio Grande LNG export project issued by the Federal Energy Regulatory Commission on the ground that the FERC should have issued a supplemental Environmental Impact Statement (EIS) during its remand process. #TotalEnergies #NaturalGas #Gas #LNG #UnitedStates #French #Energy https://lnkd.in/gQE94yy2

AEW 2024 Launches Upstream O&G Forum Amid African LNG Market Expansion Africa’s upstream #oil and #gas sector is attracting substantial investments, with an $800-billion capital expenditure program focusing on #LNG alongside traditional deep-water oil projects currently underway. This investment cycle is expected to boost Africa’s #LNG production capacity at a time when global gas demand is on the rise. Responding to this environment, African Energy Week (#AEW) 2024 will host a two-day Upstream Exploration & Production (E&P) Forum spotlighting Africa’s LNG prospects. The forum will feature a series of strategic sessions and presentations, highlighting major LNG and floating LNG (FLNG) developments and investment opportunities shaping the sector. Read more here: https://lnkd.in/eYW8V6zv

LNG Energy Group Reports Financial and Operating Results for the Year Ended December 31, 2023 Highlights: •During 2023, LNG Energy Group completed the acquisition of Lewis Energy Colombia. Acquired assets provide significant operated natural gas and condensate production, and additional undeveloped exploration and development acreage. •Locked-in weighted average natural gas sales price of $7.50/Mcf for the Corporation’s firm take-or-pay contract volumes of 18.1 MMcf/d in Colombia. •Increased before-tax NPV10 for Proved plus Probable (2P) reserves of Colombian assets by 26% to $306 million or C$2.67 per share. •4th Quarter operating netbacks of $4.44/Mcf natural gas and $64.75/bbl condensate ($27.36/boe). •Repayment of $8.9 million in senior bank indebtedness to date. •Conditionally awarded two Productive Participation Contracts (“CPPs”) to develop and produce hydrocarbons in Venezuela. Check it out: https://lnkd.in/ekHFznEA If you have questions, please reach out at investor.relations@lngenergygroup.com TSXV: LNGE OTCQB: LNGNF #LNGEnergy  #Latinoamérica  #Canada  #LNG  #TSXV  #TSXVenture  #Colombia  #gasnatural #naturalgasindustry

TotalEnergies boosts U.S. LNG presence. Let's talk numbers: find out how much they've increased its net U.S. natural gas production by in cubic feet a day (Mcf/d)👉 https://lnkd.in/esfFDstb #totalenergies #naturalgas #naturalgasproduction #lng #texas

ExxonMobil Accelerates LNG Portfolio Expansion, Shifts Focus to Own Gas Sales #ExxonMobil #LNGExpansion #LNG #EnergyStrategy #NaturalGas #PortfolioGrowth #LNGNews #CorporateReorganization #LNGTrading #EnergyIndustry #GoldenPassLNG #PapuaLNG #MozambiqueProject https://lnkd.in/eX6re3gT