Asia/Pacific
Temasek Shortlists Saudi Aramco, Shell for Pavilion Energy Asset Sale
Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of LNG trading firm Pavilion Energy, sources with knowledge of the matter said.
India Plans $4.95 Billion Natural Gas Pipeline Network for Kashmir, Northeast Region
India expects investment of about $4.95 billion from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday.
Philippines' Top Energy Firms Collaborate on $3.3 Billion LNG Facility Project
Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion.
Global News March 2024
Latest industry developments from around the world!
Woodside Energy Inks Long-Term LNG Supply Deal with South Korea
Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp. to supply LNG for more than a decade, the Australian oil and gas company said on Wednesday.
Qatar's LNG Expansion Plans Set to Squeeze Out U.S., Rivals
Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts said.
Australia's Woodside to Sell Stake in Scarborough to Japan's JERA for $1.4 Billion
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 billion, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.
BP's Tangguh LNG Train 3 Resumes Operations After Week-Long Outage
The third train of BP's Tangguh liquefied natural gas (LNG) facility in West Papua, Indonesia has resumed operations after an outage for about a week, the country's upstream oil and gas regulator SKK Migas said on Wednesday.
Kyushu Electric to Await U.S. LNG Policy Clarity Before Lake Charles Decision
Japan's Kyushu Electric Power will wait until after the United States resumes issuing export licenses for new LNG projects before deciding on whether to invest in the Lake Charles project, an executive said.
China's CNOOC Receives Approval for Second LNG Berth at Yancheng Port
Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange on Tuesday.
Pavilion Energy, Rio Tinto Complete Ship-to-Ship LNG Bunkering Operation
Singapore's Pavilion Energy has completed a ship-to-ship LNG bunkering operation with global mining giant Rio Tinto via the newly built Brassavola bunker vessel, marking the vessel's first ship-to-ship LNG bunkering operation.
Equinor Signs 15-Year LNG Deal with India's Deepak Fertilizers
Norway's Equinor said on Monday it had signed a 15-year agreement to supply liquefied natural gas (LNG) to India's Deepak Fertilizers from 2026.
Tokyo Gas Expects Half of Overseas Profit to Come from U.S. Gas by 2030
Japan's biggest city gas supplier Tokyo Gas Co. Ltd. expects that by 2030 its U.S. shale gas and related businesses, including trading and marketing, will contribute around 50% to its targeted overseas profit, its president said.
Shell Forecasts 50% Surge in Global LNG Demand by 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday.
Global Oil Stock Refill Led by China and U.S. Expected to Drive Demand
A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes.
BPCL to Establish First Green Hydrogen Plant at Indian Airport
Indian refiner Bharat Petroleum Corp. Ltd. (BPCL) said on Wednesday it will set up the first-ever green hydrogen plant inside an airport in the country.
Japan's Japex Eyes U.S. as Prime Investment Hub for Energy Exploration Despite Political Risks
Japan Petroleum Exploration (Japex) sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year's election, its senior managing executive officer said on Friday.
Adani Total Says Dhamra LNG Terminal Operating at 55% Utilization Rate
Adani Total Pvt Ltd.'s Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%, CEO Satinder Pal Singh said on Tuesday.
Saudi Arabia Keeps Arab Light Crude Price to Asia Unchanged in Surprise Move
Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a more than two-year low, an Aramco statement showed on Tuesday, as the OPEC leader strives to maintain its market share.
QatarEnergy and Petronet LNG Sign 20-Year LNG Deal
The deal will see Qatar supply 7.5 million metric tons per year of LNG to Petronet LNG on a delivered ex-ship basis (DES) from 2028 to 2048, according to a Petronet LNG statement.
Oil India in Talks to Resume Drilling Operations in Libya After 13-Year Hiatus
Oil India is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told Reuters.
Mitsubishi Sees Russia's Sakhalin LNG as Key Energy Source for Japan
Mitsubishi Corp. CEO Katsuya Nakanishi said on Tuesday that Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.
U.S. Says Allies 'Reassured' LNG Pause Does Not Affect Current Exports
U.S. allies concerned about steady supplies of LNG are reassured when they understand President Joe Biden's pause on LNG export approvals does not affect currently permitted shipments, a U.S. State Department official said on Monday.
Indonesia and Eni Partner on Decarbonization Initiatives
Indonesia's Energy and Mineral Resources Ministry said on Friday it had signed a memorandum of understanding with Italian energy group Eni to accelerate its decarbonization programs.
QatarEnergy Signs 10-Year Condensate Supply Deal with Japan's Mitsui
QatarEnergy has signed a deal to supply Japan's Mitsui & Co. with 11 million barrels of condensate per year for 10 years starting in April, Qatar's state-owned energy company said on Sunday.
TotalEnergies to Acquire OMV's Malaysian Gas Assets for $903 Million
TotalEnergies has entered into an agreement with OMV for the acquisition of OMV's 50% interest in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator.
Poland's Gaz-System Chooses Mitsui O.S.K. Lines for LNG Regasification Unit
Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit (FSRU), it said on Thursday.
Santos Amends PNG Stake Sale Terms with Papua New Guinea's Kumul Petroleum
Oil and gas giant Santos said on Thursday it had amended the terms of sale of its 2.6% stake in PNG LNG project to Kumul Petroleum, allowing the Papua New Guinea state-owned firm additional time to pay the purchase price.
India Offers LNG Supply to Sri Lanka for Power Plants
India has proposed to supply LNG to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.
Global News February 2024
Latest industry developments from around the world!
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- MEG Energy Confirms Trans Mountain Pipeline Expansion to Begin Line Fill in April
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Japan's Japex Eyes U.S. as Prime Investment Hub for Energy Exploration Despite Political Risks
