The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Indonesia has an ambitious target to almost double natural gas production from 6.5 billion cubic feet per day (cf/d) to 12 billion cf/d by 2030. Hitting that goal means giant undeveloped gas projects, such as Inpex’s Masela and Chevron’s IDD, must proceed rapidly.
As demand surges Indonesia needs radical action and $200bn investment to revive upstream oil and gas
Unlike most governments in the economically developed Western world, Indonesia’s leaders are crying out for more upstream oil and gas investment. However, even as demand is projected to rise up to four times by 2050, Southeast Asia’s biggest economy is struggling to convince energy investors to come.
Italian energy giant Eni (NYSE: E) has applied for a carbon storage licence for the depleted Hewett field in the Southern North Sea.
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Shell has handed drilling contractor Valaris $60 million (£51.8m) to continue using one of its jack-ups in the North Sea.
Eni CEO Claudio Descalzi has held talks with Abdel Fattah al-Sisi on increasing investments in Egypt, upping gas exports and domestic renewable energy.
Libya’s National Oil Corp. (NOC) chairman Farhat Bengdara has visited the heads of Eni and TotalEnergies in their home offices, seeking new investments.
Indonesian upstream regulator SKK Migas appears to be getting frustrated over the slow divestment process for Chevron’s (NYSE:CVX) share in the giant Indonesia Deepwater Development (IDD).
High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Saipem has won contracts under Angola’s New Gas Consortium (NGC), to develop new sources of feedstock for the Angola LNG (ALNG) plant.
Angola based Azule Energy, the independent 50:50 joint venture between BP and Eni, has begun production, taking responsibility for over 15% of the country's oil exports.
Thailand’s PTTEP (BKK:PTTEP) has announced another “significant gas discovery” from its first exploration well in the United Arab Emirates (UAE), together with partner Eni (MIL:ENI) of Italy, that paves the way for “establishing a strong presence” in the Middle East nation.
Eni (MIL:ENI) has drilled an exploration well marking a second discovery on the Baleine structure, offshore Cote d’Ivoire.
A group of foreign investors in Angola have taken the final investment decision (FID) on the New Gas Consortium, paving the way for more gas deliveries to the Angola LNG plant.
Angola exported $11.8 billion worth of oil in the second quarter of the year, from 103.6 million barrels of oil.
Eni has made another discovery in the Berkine North Basin, in Algeria, and it plans to fast track into production via existing facilities.
The Dutch Public Prosecutor has dropped its investigation into Shell’s role in acquiring OPL 245 in Nigeria, following a similar move from Italy earlier this week.
A Ghanaian court has ordered the government to halt payments to Eni and Vitol, amidst the ongoing legal dispute with local company Springfield Exploration & Production.
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeria’s Berkine Basin.
Nazário Bangalane has been sworn in as the new chairman of Mozambique’s Instituto Nacional de Petroleo (INP).