While the current boom in domestic gas production will derail liquefied natural gas (LNG) demand growth in the short-term, the lack of significant pre-FID domestic supply and no discoveries of note in blocks awarded under the OALP rounds should ensure that beyond 2024 India’s LNG demand roars back, writes Gavin Thompson, Wood Mackenzie Asia Pacific vice chair.
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.
Woodside said today that it has been granted environmental approval for the nearshore component of the proposed Scarborough development offshore Western Australia. This marks another crucial step for the project ahead of a planned final investment decision later this year.
Twenty years ago, I pointed out that we were heading towards 80% of our electricity being generated from gas within two decades and 80% of that gas coming from Russia. It was true at the time.
Thailand’s PTT Exploration & Production (PTTEP) is managing to maintain its upstream oil and gas production obligations in Myanmar despite recent turbulence in the country that has delayed some activities.
Thailand’s PTT Exploration & Production (PTTEP) said yesterday that there is still “no clarity” around access to the Chevron-operated Erawan gas field off Thailand ahead of a transition next year. PTTEP wants access before next April’s handover to ensure a smooth transition and stem a production decline at the field, which is key to Thai energy security.
Indonesian upstream regulator SKK Migas is preparing a strategic plan covering the decommissioning of more than 100 upstream oil and gas platforms in Southeast Asia’s largest producer of hydrocarbons.
Malaysia is expected to contribute about 12% or 3.1 billion cubic feet (bcf) of global natural gas production in 2025 from key offshore planned and announced projects that are projected to start operations between 2021 and 2025, according to research from GlobalData.
Transocean’s Deepwater Nautilus semi-submersible unit looks set to keep drilling offshore Myanmar for South Korea’s POSCO after the Swiss-based driller announced a contract extension.
Neptune Energy has handed a subsea inspection contract for its Cygnus gas field in the UK southern North Sea to Dutch geo-data firm Fugro.
Harbour Energy has warned that first gas from the Tolmount field in the UK southern North Sea will be delayed after equipment glitches were uncovered.
Shares in IOG dropped by more than 10% this morning after the firm warned recovery from its Elgood gas field might not live up to expectations.
BP’s latest review of energy use has been presented as positive developments in carbon reduction. However, the facts remain that fossil fuels continue to provide most of the world’s energy needs and that developing Asia is driving demand.
A United Nations (UN) human rights investigator has urged countries to impose economic sanctions on Myanmar’s oil and gas sector to cripple the military junta that seized power in a coup five months ago, reported Reuters.
Jadestone Energy is pressing ahead with its Akatara onshore gas field development in Indonesia after receiving government approval.
Carbon capture and storage (CCS) is seen as an essential requirement by the oil and gas industry for it to meet the targets of the Paris Agreement, however the only way it will become commercially viable is if companies collaborate to create shared-CCS hubs, according to Wood Mackenzie.
Indonesia upstream regulator SKKMigas today announced that the South Jambi B Block onshore Sumatra and operated by Hong Kong’s Jindi Group has started flowing natural gas.
China's natural gas demand will continue to expand over the next 10-15 years in line with the country's target for emissions to peak by 2030, according Chinese gas industry officials.
A new A$2 billion ($1.54 billion) Queensland Renewable Energy and Hydrogen Jobs Fund will be established to expand on the previous A$500 million Renewable Energy Fund in the Australian state.
Andrew McConville, chief Executive of the Australian Petroleum Production & Exploration Association (APPEA), told delegates at the opening of the APPEA 2021 conference in Perth today that natural gas will play a vital role in reducing Australia’s and Asia’s emissions.
Serica Energy said today it had overcome technical challenges to perform a flow test on the Rhum gas field's third production well in the northern North Sea.
Asia’s need for future gas and liquefied natural gas (LNG) volumes, as well as associated infrastructure to meet rapidly expanding energy demand, is tremendous. Experts from energy research company Wood Mackenzie discussed the key drivers of Asia Pacific gas markets today at its Northeast Asia Gas Forum.
UK gas development and production firm IOG is celebrating the installation of two new platforms in the southern North Sea.
PGNiG has acquired a 25% interest in the Musakhel Block in central Pakistan, which the Polish state oil and gas producer estimates holds 16 billion cubic metres of gas resources.
Thailand’s PTT Exploration & Production (PTTEP) and Malaysia’s Petronas have made a second gas discovery in the shallow waters of Balingian province off the Malaysian state of Sarawak.