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Chevron Bets on Middle East Gas Riches and Reconciliation

Oct 26, 2020

After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.CEO Michael Wirth's pivot away from home is underpinned by a bet that the Middle East is entering an era of reconciliation that will make it ideal for tapping natural gas, as demand for the cheaper and cleaner fuel is forecast to outstrip oil…

Malaysia: Petronas Takes over Operatorship of E11 Gas Hub from Shell

Jan 08, 2021

Malaysian oil and gas company Petronas has become the operator of the E11 gas hub, located 130km offshore Bintulu, Sarawak, Malaysia, effective 1 January 2021.  The E11 hub which has been producing since 1982 under the MLNG Production Sharing…

Australia: North West Shelf Partners Execute 3rd Party Gas Processing Deals

Dec 23, 2020

Partners in Australia's North West Shelf (NWS) project have executed gas processing agreements for processing third-party gas through the NWS Project facilities.The agreements were signed with Woodside Burrup Pty Ltd (Woodside Burrup), in respect of gas from the Pluto fields…

Santos in 10-Year Barossa Gas Sales Deal with Mitsubishi

Dec 07, 2020

Australia's no. 2 independent gas producer Santos Ltd said on Monday it signed a 10-year agreement to supply liquefied natural gas (LNG) from its Barossa project to a unit of Japan's Mitsubishi Corp.Santos will supply Diamond Gas International 1…

Vietnam Starts Gas Production from Sao Vang-Dai Nguyet Offshore Field

Nov 17, 2020

Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country's southern coast, PetroVietnam Gas Corp said on Tuesday.Gas output from the field, estimated at 1.5 billion cubic metres a year and equivalent to 15% of Vietnam's total gas output in 2019…

Woodside Targets Infrastructure Asset Sales to Raise Funds for Scarborough

Nov 11, 2020

Australia's Woodside [Energy] has changed tack on plans to sell assets to help fund its $11 billion Scarborough gas project, now targeting infrastructure investors instead of energy companies amid a slump in oil and gas prices.Woodside said…

Australia: Beach Energy Strikes Gas at Otway Basin Well

Nov 10, 2020

Australian oil and gas company Beach Energy has made a gas discovery at Enterprise 1 well in license VIC/P42(V) in the nearshore Victorian Otway Basin, Australia.The Enterprise 1 was spud from an onshore location, 3.5 km from Port Campbell and 8 km from the Otway Gas Plant…

Woodside, BHP Get Scarborough Production Licenses Offers

Nov 09, 2020

Australian oil and gas company Woodside has informed that the company and BHP, partners in the Scarborough offshore gas field in Australia, have received offers for the grant of petroleum production licenses for the blocks containing the gas field…

Philippines Says No to New Coal Projects. Puts Focus on Gas

Nov 04, 2020

The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.The moratorium on endorsements…

Australia: Santos Strikes Gas Sales Deal with Kleenheat

Nov 04, 2020

Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…

Production Starts from Husky's Liuhua 29-1 Gas Field, Offshore China

Nov 02, 2020

Canadian oil and gas company Husky Energy and China's CNOOC have started gas production from the Liuhua 29-1 gas field, offshore China.The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field…

IEA: Pandemic Could Delay Energy Demand Recovery. Upstream Spending to Grow

Oct 13, 2020

A slow economic recovery from the pandemic threatens to delay a full rebound in world energy demand to 2025, the International Energy Agency said on Tuesday.In its central scenario, a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023…

Big Projects Will Be Needed to Fill Up North West Shelf's Spare Capacity, Woodmac Says

Sep 08, 2020

Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…

Oil Search Cuts Costs to Position Itself for Growth from 2025

Aug 25, 2020

Oil Search Ltd aims to start producing oil in Alaska in 2025 and expand Papua New Guinea (PNG) gas exports from 2027, after slashing costs to weather weaker oil prices in the wake of the coronavirus outbreak, its chief executive said on Tuesday…

Indonesia's Price Cap Obstructing Gas Projects

Aug 06, 2020

Indonesia's natural gas price cap is affecting the development of gas projects as contractors are being disincentivized, an official at oil and gas regulator SKK Migas said on Thursday.The energy ministry in April lowered the price of natural…

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