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Asian Energy News - page 129

 

Qatar to Leave OPEC

Dec 03, 2018

Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide…

Oil Surges 5 Percent

Dec 03, 2018

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.U.S. light crude oil rose $2…

Trinidad Signs Pact with BP, Shell

Dec 03, 2018

The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports, the agree­ment in­volves new pric­ing arrange­ments, the ex­ten­sion of the At­lantic LNG Train 1 by a fur­ther five years…

New Jersey Board of Public Utilities Backs Offshore Wind

Dec 02, 2018

The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW of offshore wind by 2030 and reaching 100% of renewable energy by 2050.The Offshore Wind Supply Chain Networking Event…

Russia's Rosneft Signs Oil and Gas Deal with China

Dec 02, 2018

Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil. That amount is equivalent to 6% of Rosneft's total exports to China in 2017.Crude oil from Eastern Siberia…

Royal Vopak Rraises Stake in Pakistan LNG Terminal

Dec 02, 2018

Dutch petroleum storage company Royal Vopak announced that it will acquire in total 44% in Elengy Terminal Pakistan Ltd  (ETPL) in separate transactions with International Finance Corporation (IFC) and Engro Corporation Ltd (Engro Corporation)…

'World's First' Zero Emission Marine Biofuel Test Successful

Nov 30, 2018

Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S,  has successfully completed trials of the world’s first zero emission, ‘drop in’ Heavy Fuel…

Petrobras May Divest $15 Bln Over Next Few Years

Nov 30, 2018

Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday.The total divestment goal has not been approved yet and…

Global LNG Trade Jumps by 7.1%, Says Höegh LNG

Nov 29, 2018

The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA…

IMO Encourages Investments in Alternative Fuels

Nov 29, 2018

Technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieving the overall ambition in the Initial International Maritime Organization (IMO)  Strategy on reduction of GHG emissions from ships…

Lukoil Sees Production Up 3.5% in 2018

Nov 29, 2018

Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year.The company also plans an increase in hydrocarbon production of 1 percent next year, a company official said on a conference call…

Crude Inventory Growth Sends Brent Below $60

Nov 29, 2018

The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a 10th straight week of crude inventory build in the U.S. – striking fears of a repeat of the 2014/16 oil glut.In the week ending 23 November crude inventory grew by 3…

Simmons Edeco Wins Tonalli Energía Contract

Nov 28, 2018

The supplier of onshore drilling and workovers, wellhead maintenance services Simmons Edeco  has been awarded a contract by Tonalli Energia SAPI de CV to provide drilling services in Mexico.Tonalli Energía, SAPI de CV, founded in 2015, is a joint venture between Grupo Idesa Group and Petrofrontera…

NYK to Demonstrate Tidal Energy in Singapore

Nov 28, 2018

Nippon Yusen Kabushiki Kaisha (NYK) and Japanese telecom giant MTI have reached an agreement to participate in a long-term demonstration of tidal energy being sponsored by MAKO Energy and Sentosa Development Corporation, which will provide the demonstration site…

BP and Equinor Spending Steady

Nov 28, 2018

The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday.Oil and gas companies were boosted over the first nine months of the year by a recovery…

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Uniper Looking to Swap Australian LNG for Atlantic Gas to Supply Europe Quicker

Uniper Looking to Swap Australian LNG for Atlantic Gas to Supply Europe Quicker

Indonesians Must Prepare for a Potential Fuel Price Hike, Minister Says

Indonesians Must Prepare for a Potential Fuel Price Hike, Minister Says
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