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Oil and gas investment needed for another 30 years, BP warns
Investment in oil and gas production will be needed for the next three decades if the world is to avoid more shortages and price swings, BP has warned.

Energy correspondent Rachel Millard has the details:

The oil giant said in its annual energy outlook published today that fossil fuels are still likely to account for about 20pc of primary energy in 2050 even under a significant tightening of climate policies.

Spencer Dale, chief economist at BP, said investment in new wells would therefore be needed until 2050 to ensure supply of fossil fuels matches demand.

"Natural declines in existing production sources mean there needs to be continuing upstream investment in oil and natural gas over the next 30 years," he wrote in the report.

O presidente, porém, não está disposto a pagar a conta da emergência climática, que afirma não lhe caber. "Petróleo e gás serão motor da nossa economia pelos próximos 20, 30, 40 anos. Não vamos abdicar dessa riqueza. Não ligo para discursos ocidentais em relação a isso."

Translates to...
The president, however, is not willing to pay the bill for the climate emergency, which he says does not fit him. "Oil and gas will be the engine of our economy for the next 20, 30, 40 years. We are not going to give up this wealth. I don't care about Western speeches in this regard."

Clear enough!

https://www.google.com/amp/s/www1.folha.uol.com.br/amp/mundo/2023/01/timor-leste-pode-ser-porta-para-brasil-no-sudeste-asiatico-diz-ramos-horta.shtml

http://www.cadtm.org/The-World-Bank-and-IMF-have-set-their-sights-on-East-Timor-a-state-officially

https://www.fmprc.gov.cn/eng/wjbxw/202301/t20230112_11006539.html

http://www.anpm.tl/vacancy-notice-13/

https://www.afr.com/companies/energy/gas-deficit-heightens-energy-risks-for-wa-20221214-p5c67y

https://www.google.com/amp/s/aogdigital.com/amp/news/501579-australia-gas-price-cap-boosts-lng-import-terminal-plans-but-adds-risk

https://www.google.com/amp/s/www.rigzone.com/news/santos_barossa_project_unviable_after_losing_approval-14-dec-2022-171376-article/%3famp

https://mobile.twitter.com/AusAmbDili

https://en.tatoli.tl/2022/12/02/woodside-reopens-talks-on-potential-development-concepts-for-sunrise-in-timor-lestes-onshore/15/

https://www.reuters.com/article/woodside-ltd-timor-gas-idAFL4N32R1DA

https://www.energyvoice.com/oilandgas/asia/465535/woodside-open-to-onshore-lng-export-project-in-east-timor/

LUSOPHONIA
China fines contractor with Portuguese-speaking presence due to poor quality material
November 23, 2022
The government of Zhejiang Province, in eastern China, fined the China Railway Construction Corporation (CRCC), a state-owned contractor with presence in Angola, Brazil and East Timor, for using poor quality material and equipment.

In a statement, the Municipal Transport Bureau of Hangzhou, capital of Zhejiang, announced a fine of 338,800 yuan (over 46,130 euros) linked to the rehabilitation

The CRCC is building the new Port of Beaço, which will be part of the new natural gas processing unit coming from the Greater Sunrise project, in southern Timor-Leste, and valued at US$943 million (917.8 million dollars).

The contractor is also part of a consortium, formed by Chinese state-owned companies, which won an auction in 2019 to build and operate what will be the second largest bridge in Brazil, in the state of Bahia (northeast).

https://www.ecns.cn/m/business/2022-11-23/detail-ihchchpu5656302.shtml

https://www.google.com/amp/s/amp.abc.net.au/article/101660050

https://www.shell.com/energy-and-innovation/natural-gas/floating-lng.html#

https://mobile.twitter.com/ausambdili/with_replies

On the basis of the assessment report of the three pillars of politics, security, economy and socio-culture, the leaders of the countries approved the Declaration on Timor Leste's application to join ASEAN, expressing their support in principle for the admitted Timor Leste as the 11th member of ASEAN, granted observer status to Timor Leste and assigned the ASEAN Coordinating Council to develop a roadmap for its accession to submit to the 42nd ASEAN Summit. consider and decide.

Speaking at the conference, Prime Minister Pham Minh Chinh affirmed that Vietnam is ready to work closely with Cambodia and ASEAN countries to ensure the success of the conferences.

https://m.facebook.com/ABC730/videos/timor-lestes-battle-to-profit-from-the-timor-seas-oil-and-gas-riches-730/401118975437539/