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Wood will deploy expertise in decarbonization, digitalization, and asset life extension to enhance Shell assets.

BP Gas Marketing has locked in 1.95 mtpa of LNG, and more on a flexible basis, from Woodfibre.

The floatel accommodation serves non-local workers.

Woodfibre LNG said it expects to reach 'substantial completion' in 2027.

Wood Mackenzie has analyzed 19 major countries and regions and key end-use sectors to assess what it takes to fulfill net zero pledges.

'With little appetite from owners to add new rigs as rig demand is flattening out, we believed growth would be inorganic', Wood Mackenzie's Principal Analyst of Upstream Supply Chain said.

'This is an astute time to abandon the 13 million barrel per day capacity target'.

'Upon closing, ConocoPhillips will become the largest Eagle Ford producer, a top three Bakken operator, and remain a top five Delaware Basin player based on gross operated production,' Woodmac said.

'With presidential elections in November, the pause is likely to delay approvals until at least the end of the year'.

If COP26 was all about creating the mechanisms to make the energy transition possible, COP27 promises to be the catalyst to start implementing decarbonization in earnest, Wood Mackenzie claims.