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Asian Energy News - page 135

 

Brazil Seeks to Auction 2 Santos Blocks

Mar 29, 2018

Brazilian oil Secretary Marcio Felix said on Thursday the ministry will seek to auction two choice oil blocks located in the offshore Santos basin in a June pre-salt auction. The two blocks were eliminated from Thursday's auction by a surprise court decision on Wednesday…

China's Crude Futures Contract Should Confound the Sceptics: Kemp

Mar 29, 2018

China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed. The history of futures and options trading is littered…

OPEC to Stick to Supply Curbs Despite Oil Rally to $71

Mar 28, 2018

OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output…

Netherlands to Allow New Offshore Wind Investments

Mar 27, 2018

The Dutch government on Tuesday said it will allow five new offshore wind turbine farms capable of producing 7 gigawatts (GW) of electricity in the 2024 to 2030 period. The Netherlands is lagging other European countries in renewable energy…

Gail India Offers Sabine Pass LNG Liftings

Mar 27, 2018

Gail India has offered three liquefied natural gas (LNG) cargoes for May to July loading from Sabine Pass in the United States, two traders said on Tuesday. The cargoes will be sold based on the U.S. benchmark Henry Hub gas price, one of them said…

China Crude Futures Enjoy Champagne Start

Mar 27, 2018

China's new crude oil futures contract enjoyed a successful first day of trading in Shanghai, most likely exceeding the wildest hopes of its backers, but much of the hard work of building a viable benchmark still has to be done. The new contract…

India's Reliance Sheds TX Shale Assets

Mar 27, 2018

Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $100 million, as the Indian oil-to-telecom conglomerate moves closer to exit U.S. shale investments…

Trafigura Among First to Trade China Crude Futures

Mar 26, 2018

Trading giant Trafigura has been among the first foreign companies trading China's just-launched crude oil futures, two sources familiar with the matter told Reuters. Shanghai crude oil futures launched on Monday and are the country's first…

Sabah Shell's offshore Malaysia contract for TechnipFMC

Mar 26, 2018

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Sabah Shell Petroleum Company Ltd.This award covers the delivery and installation of subsea equipment including umbilicals, flowlines and the…

Britain Blocks Plans for New Coal Mine on Climate Grounds

Mar 23, 2018

Britain has rejected plans for a new open cast coal mine in northeastern England, as it could hamper efforts to reduce greenhouse gas emissions and curb climate change, the minister for local government said on Friday.Supporters of the project…

Asian Oil, Gas Producers Stepping up Activity after Long Lull

Mar 23, 2018

Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC…

Vietnam Scraps South China Sea Oil Drilling Project

Mar 23, 2018

Vietnam's state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its 'Red Emperor' project off the country's southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time…

China's CEFC Investigation Hits $9 billion Russian Oil Deal

Mar 22, 2018

Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter…

Global Carbon Emissions Hit Record High in 2017 - EIA

Mar 22, 2018

Global energy-related carbon emissions rose to a historic high of 32.5 gigatonnes last year, after three years of being flat, due to higher energy demand and the slowing of energy efficiency improvements, the International Energy Agency (IEA) said…

Lindseth quits Noreco

Mar 22, 2018

The independent Norwegian oil company, Noreco stated that its Board and Cecilie O. Lindseth, the Managing Director, have agreed not to renew her employment contract. According to the contract her last day as Managing Director of Norwegian Energy Company ASA will be 31 March 2018…

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UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

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China's SPIC Connects New Offshore Wind Farms to National Grid

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Hi-Float: Hyundai Heavy Gets BV AiP for Floating Wind Turbine Foundation

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Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Keppel, Ørsted in Offshore Substation Pact

Keppel, Ørsted in Offshore Substation Pact
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