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Brunei

Asia

Japan’s plan to cut LNG demand is unrealistic says Rystad

Japan’s recent revision to its strategic energy plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20% from 27% previously, as a measure to cut emissions. However, analysis from Rystad Energy concludes that Japan’s targets are too ambitious and that the changes the new plan will bring will mostly be in the structure of commodities trading.

Asia

Malaysia-Brunei unitisation pact bodes well for Shell

Malaysia and Brunei have finally formalised a previously stalled unitisation agreement for the Gumusut-Kakap and Geronggong-Jagus East fields that straddle the international maritime boundary between the two countries. The about turn bodes well for Anglo-Dutch supermajor Shell, which has stitched up most of the acreage in Brunei’s offshore.

Oil & Gas

Plexus Holdings scoops £1.5million contract win

Plexus Holdings has received a £1.5million purchase order from Brunei Shell Petroleum (BSP) to provide wellhead systems and services. The contract, for work on three additional exploration wells, runs until 2016. The company will supply both HP/HT and standard pressured wellhead and mudline systems and services.