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.
Asia
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.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
BP’s Dudley comes out swinging for gas
BP’s outgoing CEO Bob Dudley gave a defence of natural gas as one part of the world’s future energy mix, at a conference in London.
Transborders signs up MOL to FLNG plan
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
Hibiscus Petroleum suffers cyber attack
Hibiscus Petroleum said today that its IT system was "subjected to an attack" last week.
China’s CNPC quits flagship Iran gas project as sanctions bite
China National Petroleum Corp. is no longer a partner in Iran’s biggest natural gas project, and the Persian Gulf nation will develop Phase 11 of the giant South Pars field on its own, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s Shana news service.
Petronas signs up LNG bunkering with Avenir
Petronas has chartered an LNG bunkering vessel in Malaysia, under a deal with Avenir LNG.
Subsea 7 awarded contracts offshore Azerbaijan by BP
Energy service firm Subsea 7 has clinched two contracts with BP for the Azeri Central East (ACE) project in the Caspian Sea.
Kazakhstan seeks additional $1bn from Shell, Eni unit
Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.
Japanese backers for Novatek’s transhipment plans
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
McDermott seals FEED contract for Myanmar project
McDermott International has won the front-end engineering design (FEED) contract for Posco's Shwe Phase 3 gas field development, offshore Myanmar.
ENH taps up Vitol expertise for trading venture
Vitol and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) have set out plans for a trading-focused joint venture.
McDermott wins contract for Arctic LNG 2 project in Russia
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
Magnolia LNG lined up for Vietnam supplies
The Australian developer of a US-based liquefaction project is working on plans to supply an LNG-to-power project in Vietnam.
CMS: China – protecting your IP
China is a significant potential market for oil and gas service companies. As oil and gas equipment becomes increasingly sophisticated, companies will own more valuable intellectual property (IP).
BP and Chinese firm launch electric vehicle charging joint venture
Energy giant BP has taken another step forward in its quest to secure a major chunk of the global electric vehicle (EV) charging market.
Reliance, Aramco talks on refinery stake sale ‘stall’
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.’s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co. have stalled on differences over the deal’s structure, people with knowledge of the matter said.
Dozens injured in brawl at Kazakh oilfield
A brawl between Kazakh workers and their Arab colleagues in one of Kazakhstan's largest oil fields has left 30 people injured and led to an outcry in Lebanon and Jordan.