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Asian Energy News - page 2

 

Energy Storage on O&G Platforms - A Safety Boost, too?

Apr 19, 2024

The fuel savings gained by installing energy storage systems on oil and gas platforms are significant, but it’s the safe-ty benefits that might overcome what has been a relatively slow uptake of late.Industry lore has it that drilling rigs say…

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Apr 10, 2024

Russian Deputy Prime Minister Alexander Novak met heads of local oil companies on Wednesday, instructing them to maximiae gasoline and diesel supply to the domestic market, according to a statement posted on the government's Telegram channel…

Leaky Platforms: Pemex Knocked for Delayed Repairs, "Vast" Methane Leaks

Mar 22, 2024

Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure.New data…

MoU Signed for Offshore Wind Solutions in Taiwan

Mar 22, 2024

Swire Renewable Energy A/S (SRE) and Tien Li Offshore Wind Technology Co., signed a Memorandum of Understanding (MoU) to deliver operations and maintenance services in the Taiwanese offshore wind turbine industry and other parts of the Asia Pacific region…

Big Oil Execs Push Back Against Calls for Fast Energy Transition

Mar 18, 2024

Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas.Big oil companies including BP and Equinor…

Bangladesh to Invite Bids for Offshore Oil and Gas Exploration

Mar 05, 2024

Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been battling with energy shortages…

Oil Rises Almost 2% as Markets Await OPEC+ Decision

Mar 01, 2024

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.Brent LCOc1 futures for May were up $1.43…

JERA Finds Indonesian Partner for LNG Value Chain Development

Feb 09, 2024

Japan’s largest power generation company JERA has signed a memorandum of understanding (MoU) to collaborate on LNG value chain development in Indonesia with PT PLN Energi Primer Indonesia (PLN EPI), a subsidiary of PT PLN Persero.Collaboration to establish a value chain for LNG…

QatarEnergy Signs 15-year LNG Supply Deal with Excelerate Energy

Jan 29, 2024

QatarEnergy and Excelerate Energy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.Pursuant to the SPA, Excelerate will purchase up to 1 million tons per annum…

Jadestone Outlines Gas Sale Terms with PV Gas for Fields Offshore Vietnam

Jan 26, 2024

Asia-focused oil and gas company Jadestone Energy has signed a heads of agreement with PetroVietnam Gas Joint Stock Corporation (PV Gas) for the gas sales and purchase agreement (GSPA) relating to the Nam Du and U Minh gas fields offshore Vietnam…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Aibel-Built Modules for Bacalhau FPSO Set Sail for Singapore

Jan 24, 2024

The topside modules for the giant Bacalhau floating production storage and offloading (FPSO) unit have started the journey to Singapore where they will be integrated with the hull before heading for an assignment to Equinor-operated oil project offshore Brazil…

BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Jan 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…

Petronas Awards Seven New PSCs for Six Offshore Blocks in Malaysia

Jan 23, 2024

Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…

WoodMac: Asian LNG Demand Could Rise 5% in 2024

Jan 18, 2024

Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…

Current News

Harbour Energy, Mubadala Sign Deals for Central Andaman Block Off Indonesia

Harbour Energy, Mubadala Sign Deals for Central Andaman Block Off Indonesia

CNOOC Brings Bohai Sea Oil Field On Stream

CNOOC Brings Bohai Sea Oil Field On Stream

TVO Selects Collins to Head Australian Ops

TVO Selects Collins to Head Australian Ops

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

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