Strong Asian LNG demand set to tighten mid-term market
Analysts at Bernstein see tighter liquefied natural gas (LNG) markets ahead as limited supply growth meets strong demand, particularly from Asia, which could push prices higher.
inpex
Japanese upstream players accelerate exit plans
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
Santos breathes new life into East Timor’s Bayu-Undan
Santos has approved US$235 million worth of investment for an infill drilling campaign that will extend the life of the Bayu-Undan field offshore East Timor. As a result, the Santos-led Darwin LNG export plant, which is fed by the aging field, will not need to be shut down while new supplies of gas are developed.
Japan Inc readies for face off with Beijing offshore Vietnam
A pair of oil and gas fields controlled by Japanese companies offshore Vietnam could become a potential flash point in the disputed waters of the South China Sea as Beijing continually seeks to aggressively assert its claims.
Indonesia plays hardball with Repsol over gas pricing
Repsol’s potential fast-track development of its Kali Berau Dalam (KBD) giant gas discovery in Indonesia is at risk as the company struggles to agree an attractive sales price with the government.
BP winds down one of the oldest companies in Scotland
Oil giant BP has appointed liquidators for one of the oldest companies in Scotland after nearly 135 years in operation.
Shell eyes $2.2 billion divestment from giant Indonesia gas project
Shell is pushing ahead with plans to divest its share of the giant Abadi LNG project in the Masela Block offshore Indonesia.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Asia Pacific upstream M&A set to accelerate
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
ADNOC sets out Murban Futures plan
Abu Dhabi is taking steps to cement its position as a reliable supplier through the launch of the Murban Futures contract.
McDermott, BHGE win Ichthys subsea deals
US energy services giants McDermott and Baker Hughes GE have been awarded contracts for the Inpex-operated Ichthys LNG project off Western Australia.
Total reduces interest in Ichthys field by £1.2bn
Oil and gas exploration giant Total has confirmed that it will reduce its interest in the Ichthys liquefied natural gas (LNG) project in Australia.
Ichthys LNG project begins gas exports
Total said today that the first cargo of liquefied natural gas (LNG) from Ichthys has left Darwin, Australia, following the production start-up at the end of July.
Production gets going at Ichthys LNG project
Japanese oil firm Inpex said today that production had begun at the Ichthys LNG project offshore Australia.
Central processing facility for Ichthys LNG ready for action
Japanese firm Inpex said today that it had finished commissioning the central processing facility for the Ichthys LNG project off western Australia.
Inpex buys stake in Abu Dhabi oil concession for $600m
The Abu Dhabi National Oil Company (Adnoc) has sold Japan's Inpex a 10% stake in the offshore Lower Zakum concession for $600million.
Wood wins five-year Ichthys contract
Energy service giant Wood has won a five-year deal to provide engineering services for Inpex in Australia.
Inquiry launched after divers report ‘bizarre’ symptoms
A Norwegian subsea service company has launched an investigation after two of its divers reported suffering symptoms of brain damage.
Adipec 2017: Adnoc reveals plans to boost major oil fields
Abu Dhabi National Oil Company (Adnoc) has reached an agreement to increase production capacity from the offshore Upper Zakum oil field to 1million barrels per day (bpd) by 2024.
Inpex buys into company’s first Norwegian project
Japanese firm Inpex has agreed to buy a 40% stake in a licence in the Barents Sea from Bayerngas.
Wood Group secures five-year INPEX development deal
Wood Group has acquired the operations of all subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia.
VIDEO: Ichthys FPSO sets sail from Korean yard
Video footage has been released showing the vessel for the Ichthys LNG project setting sail from South Korea.
Video: Watch timelapse of Ichthys project
Japanese oil company Inpex has released timelapse footage of its latest gigantic floating central processing facility.
Inpex a candidate for Iran field development
Japanese firm Inpex has signed a memorandum of understanding for the development of an Iranian oilfield in which it used to hold a stake, a news report said.
Australian fracking inquiry to kick off this week
A panel will meet for the first time this week as part of an investigation into the potential impacts of fracking in the Northern Territory of Australia.