Russia and China will lead global small-scale liquefaction natural gas (LNG) capacity additions by 2025, according to a report by GlobalData.
Santos is exploring potential liquefied natural gas (LNG) expansion developments for its Darwin export plant in northern Australia after signing a memorandum of understanding with Italy’s Eni.
Australia’s Santos and Italy’s Eni are investigating options to re-purpose the Bayu Undan facilities to extend the life of the project, including a carbon capture and storage (CCS) scheme.
UK listed Jadestone Energy is buying SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
India’s Covid-19 crisis has pummelled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic.
PT Pertamina, Indonesia’s state-owned oil and gas company, is weighing an initial public offering of its exploration unit that could be the biggest first-time share sale in Southeast Asia in more than a decade, according to people with knowledge of the matter.
Malaysian national oil company (NOC) Petronas is adding three new liquefied natural gas (LNG) tankers to its global fleet. The ships will primarily be used to ship LNG from Canada.
Asia Pacific has been driving global upstream sanctioning activity over recent months with multiple projects approved in Malaysia and Australia.
Australia’s Santos has completed the sell-down of 25% interests in Bayu-Undan and Darwin LNG to South Korea’s SK E&S, which is also a partner in the recently sanctioned Barossa development.
Singapore’s KrisEnergy, which is on the verge of collapse, has received a disappointing performance update on its Apsara oil field offshore Cambodia. The field was the financially crippled Singapore-listed company’s last hope to prevent it from going bust.
Thailand’s PTT Exploration & Production (PTTEP) reported net profit of $376 million for the first quarter 2021 on the back of higher oil prices and gains from the “bargain purchase” of Oman Block 61 from BP.
The Indian Ministry of Petroleum and Natural Gas has reportedly told state-owned ONGC to sell stakes in producing oil fields to private companies and find foreign partners for gas fields in the prolific Krishna Godavari (KG) basin.
GlobalData expects 36 upstream projects to start operations in Indonesia between 2021 and 2025, with natural gas developments making up around two-thirds.
Indonesia's first-quarter crude and natural gas production volumes missed their targets due to technical issues at wells and delays at BP's Tangguh liquefied natural gas (LNG) project, data from upstream oil and gas regulator SKK Migas showed.
Malaysian national oil company Petronas has started exporting liquefied natural gas (LNG) to China in ISO tanks from its filling facility in Pengerang, Johor Bahru.
The Philippines has approved yet another proposed liquefied natural gas (LNG) to power scheme as the country faces a looming gas supply crunch. The latest award, to Vires Energy, underscores the department of energy’s (DOE’s) lack of strategy for LNG imports in the power-hungry Southeast Asia nation.
BP and India’s Reliance Industries have started production from a second ultra-deepwater gas field in the Krishan Godavari (KG) basin off India’s east coast.
The Eni-led Merakes deep-water development in the East Sepinggan block offshore Indonesia has started gas production in the Kutei basin.
US-based EOG Resources will make its first foray in Australia after buying 100% stake in the high-risk Beehive prospect that could hold up to 1.4 billion barrels of oil equivalent (boe). Beehive is potentially the largest undrilled hydrocarbon prospect in Australia.
UK-listed Baron Oil has boosted its stake in the Chuditch gas discovery and surrounding acreage offshore East Timor.
Malaysian national oil company (NOC) Petronas has raised $3 billion through a dual-tranche bond offering.
CNOOC, China’s third-biggest oil company, has signaled its interest to become a partner in Qatar’s $29 billion North Field liquefied natural gas (LNG) expansion project, that will be the world’s largest.
BW Offshore has signed the FPSO Berge Helene over for demolition and recycling in India, the company said.
Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Pertamina is set to take over the giant Rokan block from Chevron in Indonesia, but the Indonesian national oil company (NOC) appears to have no electricity supply to operate the site.