Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.'We have plenty of cash…
Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…
Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…
The sentencing in a London court of British oil services group Petrofac over charges that it failed to prevent bribery in Iraq, Saudi Arabia, and the UAE has been postponed to Monday, a court spokesperson said in an email.Petrofac had said it…
Japanese subsea cable laying firm Kokusai Cable Ship (KCS) and the shipping giant Mitsui O.S.K. Lines (MOL) have signed an agreement to collaborate on the operation of cable-laying ships to meet the increasing demand for the installation of power cables…
The Australian government on Thursday committed to provide A$250 million ($180 million) in grants to support the development of carbon capture, use, and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions…
Qatar Petroleum has signed a long-term LNG sales deal with China's CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC).QP will supply of 3.5 million tons per annum (MTPA) of LNG to CNOOC over a 15-year period starting January 2022…
Chinese oil company CNOOC said Thursday it had made a 'large-sized' discovery at Kenli 10-2 site in Bohai Bay, offshore China.The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15…
Singapore's Keppel Offshore & Marine has completed the construction of two offshore substations for offshore wind giant Ørsted.The two unmanned 600MW offshore wind farm substations will be deployed in Taiwan’s Greater Changhua 1 & 2a Offshore Wind Farms…
UK-based renewables firm SSE Renewables will, together with the Japanese renewable energy developer Pacifico Energy, form a joint venture firm that will explore offshore wind project development in Japan.As part of the agreement, SSE Renewables…
Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea…
Bahrain's king issued a royal decree on Monday abolishing the National Oil and Gas Authority (NOGA), with all its functions to be undertaken by the oil ministry, the state-run Bahrain News Agency said.'All the financial appropriations allocated…
Oilfield services firm Petrofac's bribery case sentencing hearing has been postponed for Friday.As previously reported, Petrofac said Friday it would plead guilty to seven counts of failing to prevent former Petrofac group employees from offering…
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