US-China deal provides boost for energy exports
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
Asia
Pharos pushes Egyptian work after slow start
Pharos Energy’s Egyptian assets have increased production slower than expected but should overtake the company’s Vietnamese volumes this year.
Offshore seismic on the up
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Equinor and Rosneft greenlight Siberian oil and gas field
Equinor and Rosneft have sanctioned a full development of the North Komosomolskoye field in Russia.
Asia Pacific upstream M&A set to accelerate
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
One of hottest energy trades this year is becoming the trickiest to profit from
One of the hottest trades this year across energy markets is proving one of the trickiest to profit from.
Southeast Asia braces for huge wave of decommissioning
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
China sets up national pipeline company in major energy revamp
China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
IOC sets out the Indian advantage
When Indian Oil Corp. (IOC) was launched it focused on the downstream and has subsequently expanded into the upstream, while also moving into petrochemicals.
Wellpro lines up Middle East, Asia focus
Wellpro Group struck a deal to enter the Middle East in May, with an aim for leveraging an existing footprint to speed the way.
Russia Opening Giant Gas Link to China as Putin Pivots East
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
Premier Oil achieves first gas off Indonesia
Premier Oil has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
Chinese firm makes Unique choice for sat dive gear
Oilfield service firm Unique Group has been awarded a contract worth at least $2 million (£1.55m) by a Chinese company to provide a saturation diving system for one of the client's vessels.
ADNOC sets out Murban Futures plan
Abu Dhabi is taking steps to cement its position as a reliable supplier through the launch of the Murban Futures contract.
Mitsubishi to shut oil unit where rogue trader lost $314m
Mitsubishi Corp. will shut its Singapore-based oil unit after saying a rogue trader lost about 34.2 billion yen ($314 million) in unauthorised transactions.
Low demand, US supply squeeze OPEC
Oil demand will reach 101 million barrels per day in 2020, OPEC’s World Oil Outlook (WOO) has said.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Thi Vai work begins in Vietnam
Construction has begun at the Thi Vai regasification terminal in Vietnam.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
Shell quits Kazakh projects after judging them uneconomic
Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic.
Petrofac hails start of gas injection for TurkStream project
Energy services firm Petrofac has hailed the start of gas injection for a giant project to deliver energy from Russia to Turkey.
Sonangol rig arrested in Malaysia
Malaysian authorities have seized a drillship that was on its way to Angola.
The FCPA on the rise: bribes, booms and bonuses
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
South Korea’s LNG imports ebb
South Korea’s LNG imports in September dropped to levels last seen in 2017.