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Coronavirus Knocks 4 Asia-bound LNG Tankers Off Course

Feb 14, 2020

Four liquefied natural gas (LNG) tankers bound for North Asia have changed destination or diverted after the coronavirus outbreak hit gas demand in China, the world's second-biggest buyer of the super-chilled fuel, five sources said. In addition, 15 LNG tankers are also flagged as 'floating storage' globally, with 11 of them scattered across Asia, Rebecca Chia, LNG analyst with data intelligence firm Kpler told Reuters…

Woodside Pushes Back Browse FID Again

Feb 14, 2020

Australian oil and gas giant Woodside has delayed the long-expected Final Investment Decision for the huge Browse gas development off W. Australia again. The offshore area comprising the Brecknock, Calliance, and Torosa fields - the Browse resource - sits in the offshore Browse Basin…

CNOOC, Oz LNG Player Ratings Unaffected by Force Majeure

Feb 14, 2020

S&P Global said on Thursday that China National Offshore Oil Corp's (CNOOC) recent declaration of force majeure on some liquefied natural gas (LNG) imports will not affect its ratings or that of Australian LNG exporters.CNOOC, China's biggest LNG importer…

Woodside: Weak LNG Prices, Coronavirus Slowing Projects

Feb 13, 2020

Australia's Woodside Petroleum Ltd warned on Thursday the coronavirus outbreak is hampering its efforts to seal gas deals and sell stakes in a key growth project, as it reported a 25% drop in annual underlying profit. The profit fall was in…

Virus Outbreak Weighs on China's Gas Demand

Feb 12, 2020

Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.Estimates…

Eni Charters KNOT Shuttle Tanker Pair

Feb 10, 2020

Italian oil firm Eni has signed an agreement with tanker operator Knutsen NYK Offshore Tankers (KNOT) to charter two newbuild shuttle tankers.Shuttle tankers are used to offload oil from offshore platformsSouth Korea's Daewoo Shipbuilding & Marine Engineering will build the two 124…

Energean Braces for Coronavirus Impact on FPSO Delivery

Feb 06, 2020

The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country.Just last week, Energean said that the delivery of the hull of…

Coronavirus Paralyzes Oil, Gas Sales into China

Feb 05, 2020

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said…

Prelude FLNG Shut Down

Feb 05, 2020

Royal Dutch Shell said on Tuesday it has temporarily suspended production at its Prelude floating liquefied natural gas (LNG) facility off northwest Australia following an electrical trip on Feb. 2.Work is underway to restore full operations…

GlobalData: Gas to Dominate 2020 O&G FIDs

Jan 24, 2020

Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a data and analytics company.According to the report, the upstream and midstream project…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…

Chevron to Ditch Indonesian Deepwater Development Stake?

Jan 24, 2020

U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations. No final decision has yet been made…

Aramco Sells LNG Cargo to S-Oil

Jan 22, 2020

Aramco Trading Co, the trading arm of oil giant Saudi Aramco, has sold a liquefied natural gas (LNG) cargo to South Korea's S-Oil Corp, as the company looks to ramp up its LNG business, four industry sources said on Wednesday.The cargo is for…

China Can't Meet Its US Energy Commitments

Jan 21, 2020

The more you delve into the details of China's commitment to buy an additional $52.4 billion in U.S. energy over the next two years, the more it becomes apparent the goal is unachievable, even with the best will in the world.As part of the 'Phase 1' trade truce between Beijing and Washington…

Asia LNG Spot Prices Drop to Multi-year Low

Jan 21, 2020

Asian liquefied natural gas (LNG) spot prices dropped to multi-year lows on Tuesday with at least one cargo being sold into Northeast Asia below the psychological barrier of $4 per million British thermal units (mmBtu).Gas prices are tumbling…

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