EnQuest completes £240m acquisition of Golden Eagle stake
EnQuest has completed its acquisition of Suncor’s stake in the Golden Eagle field in the UK North Sea.
CNOOC
Japan may lose control of its LNG prowess, boosting Asia prices further
Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG.
China to build LNG ships for Qatar in maiden deal
China will build four new liquefied natural gas (LNG) carriers for Qatar Petroleum, as part of a deal worth 2.8 billion Qatari Riyals ($760 million) that will help bolster the country’s fleet, as its North Field expansion progresses. Significantly, it is the first order placed with a Chinese shipyard for LNG vessels by Qatar Petroleum and underscores the strengthening strategic relationship between the two nations.
Another key role for North Sea veteran Ray Riddoch
North Sea oil and gas industry stalwart Ray Riddoch has joined the boardroom team at Sentinel Subsea as chairman.
Qatar signs major LNG deal with China’s CNOOC
Qatar Petroleum has signed a deal with China National Offshore Oil Corporation (CNOOC) for the supply of 3.5 million tonnes per year (t/y) of liquefied natural gas (LNG) over a 15-year term starting January 2022. Significantly, the deal brings Qatari LNG supplies to China under long-term deals to 15.5 million t/y.
Surging gas prices squeeze PetroChina with $3bn loss looming
While most gas suppliers look set to benefit from a global spike in gas prices, PetroChina (HK:857) is one of the few exceptions, as regulated prices and rising gas import losses are set to squeeze China’s largest gas producer.
China’s NOCs to spend $120bn on drilling in effort to cut oil imports
China’s national oil companies, CNPC, CNOOC, and Sinopec, are expected to spend over $120 billion on drilling and well services by 2025 to help meet rising domestic oil and gas demand. With 118,000 wells estimated to be drilled in China, analysts at Rystad Energy reckon there will be significant opportunities for innovative suppliers.
Young energy professionals voyage across Scotland to showcase net zero initiatives ahead of COP26
Several young energy professionals have undertaken a voyage across Scotland to spotlight the country’s net zero offerings.
Keppel delivers Guyana’s second FPSO
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
Philippines bets on Sampaguita as Forum prepares to drill in disputed waters of South China Sea
The government of the Philippines is eyeing a potentially large gas discovery as UK company Forum Energy prepares to drill in the disputed waters of the South China Sea. But geologists remain skeptical about the potential and any unilateral drilling will likely draw Beijing’s ire.
Well Slot: Appraisals underway for Harbour Energy and CNOOC prospects in UK
Westwood Global Energy reports that as of 31 August there were two appraisal wells and one exploration well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and two exploration wells at 22/6c-B4Z Bacchus South and 16/2a-6 Tiger Lily.
CNOOC invites ‘alternative strategies’ for Buzzard, Scott and Golden Eagle EPC deal
CNOOC has invited early engagement on the lucrative EPC contract for its Buzzard, Scott and Golden Eagle assets in the North Sea.
CNOOC launches China’s first offshore carbon capture project
China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide, reported Reuters.
China’s CNOOC to boost renewables spend, eyes offshore wind
CNOOC, China’s third-largest oil company, will boost spending on renewable energy by up to 10% per year to 2025, as it eyes returns that are similar to the oil and gas business. By 2050, CNOOC is targeting at least 50% of earnings from new energy.
Fast finish doesn’t bode well for Equinor-BP Tiger Lily exploration well
Westwood Global Energy reports that as of June 28 there were two appraisal wells active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and two exploration wells at 22/6c-B4Z Bacchus South and 16/2a-6 Tiger Lily.
Global E&C brings in Banchory man to spearhead growth push
A Banchory man whose fingerprints are on several major North Sea projects has been hired by Global Engineering and Construction (E&C) to bolster the Granite City firm’s growth plans.
Malaysia’s Petronas and China’s CNOOC sign $7bn LNG deal
Despite China harassing Malaysia’s offshore gas developments last month, Malaysian national oil company (NOC) Petronas and state-backed China National Offshore Oil Corporation (CNOOC) yesterday signed a liquefied natural gas (LNG) supply deal estimated to be worth $7 billion over ten years.
CNOOC hits major milestone on way to phase 2 of Buzzard mega-field
CNOOC has hit a key milestone ahead of first production from phase 2 of the huge Buzzard oilfield in the North Sea.
Shell’s $1bn Abadi divestment process struggles after Sinopec’s interest wanes
Shell has failed to generate any significant interest in the sales process for its share of the giant Abadi LNG project one year after the Indonesian government announced the Anglo-Dutch supermajor’s intention to divest.
Qatar signs deal with Shell to supply more LNG to China
Qatar Petroleum is set to supply another 1 million tonnes per year (t/y) of liquefied natural gas (LNG) to China after signing a 10-year contract with Shell. The deal brings Qatari LNG supplies to China under long-term deals to 12 million t/y.
China’s CNOOC starts up first 100% owned deep-water gas field
China’s CNOOC Ltd today said that the country’s “first offshore large-sized independent deep-water gas field” named Lingshui 17-2 has started production. The development, which CNOOC claims includes the world’s first 100,000 ton semi-submersible platform, underscores the advancement of China’s deep-water technical knowhow.
CNOOC celebrates production boost at Golden Eagle
A drilling campaign has boosted production at CNOOC International’s Golden Eagle field in the UK North Sea.
ExxonMobil celebrates new discovery at Longtail-3 offshore Guyana
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Glengorm Central the lone, active E&A well on UKCS
Westwood Global Energy reports that as of June 1 there was one appraisal well active in the UK.
EI young professionals network celebrates decade supporting future energy leaders
The Energy Institute (EI) Aberdeen Young Professionals Network (YPN), a networking group which develops the skills and energy sector knowledge of those in the early stages of their careers, is celebrating its 10-year anniversary in May.