Mehdy Touil’s Post

🇬🇾 🚨 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

🇺🇸 🚨 EDIT: JGC is not replacing Zachry as EPC contractor on Golden Pass LNG Official Statement from JGC : https://lnkd.in/gjgpNVa5 According to unnamed sources on June 6, QatarEnergy and ExxonMobil has reportedly replaced Zachry Group with Japan’s JGC as the EPC contractor for the Golden Pass LNG export project, a joint venture aiming to produce 18 million tons of LNG annually. Reports indicated earlier that Zachry has let go more than 4,000 workers from the project after filing for bankruptcy, highlighting the challenging nature of large-scale energy infrastructure ventures. #LNG #EPC #USLNG #JGC #GoldenPassLNG

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

📢 While Guyana wants gas not just #oil, the government does not intend to participate financially at this stage in the advancement of the country’s second major gas project. As the dust over the government’s decision to hand-pick Fulcrum LNG to assist the #Stabroekblock operator and #Guyana in tapping into the country’s #naturalgas arsenal settles down, the pressure keeps mounting to develop these #gas resources quickly to bring down #energy prices and monetize total reserves. ExxonMobil is expected to work side by side with Fulcrum LNG, Inc., McDermott International, Ltd, and Baker Hughes to make this happen as the Guyanese government continues to push the envelope to ensure gas development will become a top priority. #oilgas #energy #oilandgasnews #offshoreenergy #oilandgas #energytransition #Americas ExxonMobil Guyana

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

This should be interesting. 

Supply from offshore deepwater is taking center stage as a prime source of non-OPEC supply growth this decade 🌐 Shell is set to lead the race of deepwater production among both US and European majors, with net output potentially surpassing 1.5 million barrels of oil equivalent per day (boepd) by 2030 🛢 Shell's position as leading liquefied natural gas (LNG) producer among the majors is also well established. Rystad Energy anticipates further growth of approximately 20% for Shell's LNG production between 2025 and 2030, as we continue to see signs of robust long-term global LNG demand 📈

This is CONOCO PHILLIPS OPTIMIZED LNG. I see 6 trains. I predict 4.8 BCF/day. So guessing as I see this installation , no previous knowledge , I guess somewhere between 16 -17 mtd. Just a guess.

Hassan Mirza: THE GLOBAL UPSTREAM OIL AND GAS LANDSCAPE IN 2024 In year 2024, the upstream oil and gas industry will be shaped by five key themes: Plateauing of Upstream Investments Project Delivery Challenges Focus on Scale and Asset Performance in M&A Slowing of Decarbonization Gains Renewed Growth Phase for US Lower 48 Oil Supply 2024 will be a pivotal year for the global upstream oil and gas industry. The industry will face challenges in project delivery, decarbonization, and maintaining its social license to operate. However, there will also be opportunities for growth, especially in the US Lower 48 oil supply. The industry will need to navigate these challenges and opportunities to ensure a sustainable and secure energy future. Hassan Mirza outlines his thoughts on the coming year. Hassan Mirza, MBA, PE Proudfoot #tps #theproudfootsystem #oil #gas #lower48 #northamerican #usa #europe bp Shell ExxonMobil Eni TotalEnergies

🇨🇦 🛠 LNG Canada Partners’ Gas Production Sets Another Record To Kick Off 2024 RBN estimates that the combined natural gas production of the equity partners in LNG Canada rose 0.09 Bcf/d in January to a record 2.02 Bcf/d (combined height of the rightmost colored bars in top chart below) and the first time above the 2 Bcf/d threshold. The new record surpasses the previous record set in the prior month at 1.93 Bcf/d. Note that we include the 0.15 Bcf/d gas supply commitment of ARC Resources to Shell Canada as part of Shell’s estimated total production. #LNG #LNGCanada #Petronas #Shell #naturalgas