Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.

Wood Mackenzie forecasts capture capacity rising to 2,450 million tons per annum (Mtpa) by 2050.

EnCap’s Fund XII raised $5.25 billion for work in U.S. oil and gas basins. Coupled with its energy transition and midstream funds, the private equity firm has collectively raised $9 billion this year.

An improving outlook on global demand for oil and gas lures a new generation to study fossil fuel development at top energy programs around the U.S.

Currently, Stratas Advisors are forecasting that oil demand will increase by 1.20 MMbbl/d in 2024. Earlier this year, OPEC was forecasting 2.25 MMbbl/d of oil demand growth.