BP (LON:BP) has signed a heads of agreement to buy 3.75 million tonnes per year (t/y) of liquefied natural gas (LNG) from Beach Energy’s (ASX:BPT) onshore Waitsia gas project in Western Australia’s Perth basin for a five-year term.
Australian exports of liquefied natural gas (LNG) to China hit a new record for the full year ending June 2021 despite increased trade tensions between the two nations.
More than a decade since launching its business in Mexico, Whittaker Engineering is still, quite literally, finding new routes to explore.
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
The landmark North Sea Transition Deal document described the UK oil and gas sector as having “an international reputation for leading the world in offshore exploration and production capabilities,” going on to point out, “its supply chain services are exported around the world”.
Pinpointing which stage of grief the UK oil and gas supply chain currently sits at it is complicated.
As Big Oil becomes increasingly regarded as a pariah, so attitudes are changing in a number of Western governments towards support for smaller nations looking to develop their fossil fuel resources.
China overtook Japan as Australia’s top LNG export destination in the financial year ending June 2021 with 29.8 million tonnes (39%) of Australian export volume, slightly more than 29.4 million tonnes (37%) recorded over the same period a year before, reported EnergyQuest.
The expected return of Iranian oil to the market as US sanctions are likely to be lifted over the next year will offer new opportunities for former buyers in Asia to reshuffle their oil import mixes. Significantly, the return of Iranian barrels will trigger a fierce battle among global suppliers for market share raising the risk of price drops, reported Fitch Solutions.
The Premier of Western Australia, Mark McGowan, told the Australian Petroleum Production & Exploration Association (APPEA) conference on Tuesday that the state’s market share in renewable hydrogen exports in 2030 should be similar to its share of liquefied natural gas (LNG) exports today.
The head of a small North Sea start-up company has said he is “frightened” by rising export costs due to Brexit.
Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
A truck packed with experts ready to dish out export advice to energy sector businesses starts its tour in Glasgow today.
Scottish goods exports have risen by nearly a fifth, with oil and gas the fastest rising, according to new figures.
The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Pemex said crude oil exports rose nearly 22% in September compared to the same month last year.
Crude imports from Iran to South Korea have jumped nearly 115% since last month compared with a month earlier, new figures show.
Five north of Scotland private businesses are among the Top 200 UK firms for international sales growth. Westhill-based catering firm Entier was the best placed of those five, jumping 40 places to 43rd. It is the third consecutive year Entier has made it onto the HSBC International Track 200 league table, which was published yesterday.
Iran said it expects to raise its oil exports this month to around 1.65million barrels per day on the back of higher crude shipments to Europe.
Aberdeen entrepreneurs need to show a sense of urgency and passion if they want to make exporting work for their companies, local businessmen said yesterday. Peter Moon, an account manager at oil and gas software firm Tracker, which has only been in the export market for a year, said he wished the firm had gotten in on the act earlier. Mr Moon, whose company is targeting Middle Eastern clients, said: “We’ve taken a target-driven approach to exporting. Exporting seems a long way off to some people. You can make a two to three year programme but if you think like that, then in two years you will still just be talking about exporting.
Oil and gas companies can help secure a bright future for the north-east by making better use of its “world-beating” supply chain, Energy Minister Fergus Ewing said yesterday. Mr Ewing co-chairs the Oil and Gas Industry Leadership Group (ILG), which is targeting total sales from the domestic supply chain of £30billion by 2020, despite the oil price collapse. But he said operators were guilty of squandering talent which is right under their noses.
Enterprise Products Partners has won its first contract to export US crude, days after the US congress lifted a 40 year old ban on oil exports.
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.