A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
An unprecedented energy crisis that’s gripping some of the most densely-populated and impoverished parts of South Asia may soon worsen as more fuel suppliers avoid selling oil to these nations.
Spain’s Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesia’s North Sumatra basin in the Andaman III Block.
Cheniere will supply 1 million tonnes per year (t/y) of LNG to Thailand’s PTT from its Corpus Christi export terminal in the US after the pair signed a 20-year contract starting in 2026. Significantly, it marks the first US liquefied natural gas (LNG) deal agreed with PTT, Thailand’s largest state-owned, multinational energy company.
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
Russian nuclear giant Rosatom's wind power arm NovaWind has signed a deal for a 128MW wind power project in Vietnam. NovaWind and Vietnamese partner An Xuan Energy said a cooperation agreement might see the pair build a wind farm in the northwestern Son La province.
At a time when natural gas buyers are fighting over every last molecule, China -- the world’s top importer -- is noticeably quiet.
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Russia is once again sharply reducing the flow of piped gas to Germany, reminding Europe of the daunting challenge the continent faces to build up its energy stockpiles before winter.
Santos (ASX:STO) has lodged revisions relating to the environmental plan for the export pipeline connecting the Bayu Undan gas field offshore East Timor to the Darwin LNG facility in northern Australia with the Australian regulator .
BP (LON:BP) and Reliance are expected to start commissioning of the MJ gas development in the KG D6 deepwater Block offshore eastern India later this year. The MJ field will have an annual average production capacity of 90 million barrels of oil equivalent per day (boed).
Oil declined at the start of the week as concerns about an economic slowdown overshadowed signs of a tight physical crude market.
Japan’s Inpex and Japanese gas distributor Sakata Natural Gas have signed an agreement that will see Inpex supply carbon neutral liquefied natural gas (LNG) to Sakata.
Malaysia’s Petronas is expected to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement to parliament published Friday. This would be higher than last year on the back of record-high oil prices and its best ever quarterly profit in at least a decade.
Australia’s Woodside Energy Group (ASX:WDS) today issued a clarification on full year 2022 production guidance after confusion reigned yesterday after it appeared that production guidance had been reduced by 4 million barrels of oil equivalent (boe) in yesterday’s trading update.
Japan’s Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquefied natural gas (LNG) project’s onshore gas liquefaction plant is located.
High energy prices due to Russia’s invasion of Ukraine have seen revenues surge at Australian oil and gas companies Santos and Woodside.
Shell (LON:SHEL) said it will lock out workers at its troubled Prelude floating liquefied natural gas (LNG) export project from Monday unless they stop their strike action as the industrial dispute that has disrupted production at the vessel intensifies.
Oil is headed for a third weekly drop, the longest run of declines this year, on concerns over weaker US gasoline demand and a global slowdown.
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
TotalEnergies said Wednesday that it has “definitively withdrawn” from Myanmar following its announcement in January that it had decided to exit the Yadana field and from gas transportation company MGTC, both as shareholder and as operator, within six months.
TotalEnergies said it will launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities in Papua New Guinea (PNG).
Oil slipped back below $100 a barrel as investors assessed signs of lacklustre US gasoline demand and expanding stockpiles.
Cheniere Energy, the largest US exporter of liquefied natural gas (LNG), signed a deal with PetroChina that lays that the groundwork for another expansion of Cheniere’s Texas export terminal as global demand for the fuel surges.
Indonesia, which is seeking to significantly boost oil and gas production this decade, is today launching its first 2022 bid round. Six blocks are up for grabs, offering a range of exploitation, near-field and frontier high-impact opportunities.
