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TotalEnergies Picks Up OMV’s Upstream Gas Assets in Malaysia

Feb 01, 2024

French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV, subject to customary closing adjustments.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Feb 23, 2024

Australia's Woodside Energy has entered agreement with Japan’s largest power generation company JERA for the sale of 15.1% non-operating participating interest in the Scarborough gas field development project offshore Australia.The total consideration…

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…

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…

Gazprom Breaks Daily Record for Gas Supply to China

Jan 03, 2024

Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.Gazprom did not provide a figure for the new daily record but said total gas exports to China via the pipeline amounted to 22…

Shell Restarts LNG Loadings from Prelude

Dec 28, 2023

Shell said on Thursday it has resumed loading liquefied natural gas (LNG) cargoes from its Prelude facility offshore Australia following major maintenance.The giant floating LNG production facility located some 475 km (300 miles) off the west…

Baron Oil Inks Farm-Up Deal for Timor-Leste Development

Dec 27, 2023

UK oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of 15% working interest in the Chuditch production sharing contract offshore Timor-Leste.Baron's wholly-owned subsidiary SundaGas Banda Unipessoal entered the MoU with Timor Gap…

Mubadala Energy Makes Major Gas Discovery Offshore Indonesia

Dec 19, 2023

Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…

Gas Development Offshore Morocco

Dec 07, 2023

Energean plc has farmed into Chariot Limited’s acreage offshore Morocco, which includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity. This new country entry is well-aligned with Energean’s strategy to…

Japan Approves JERA Plan to Keep Surplus LNG in Winter

Nov 24, 2023

Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of liquefied natural gas (LNG) in the winter as a strategic reserve in case of supply disruptions, its minister said on Friday.Japan, the world's biggest LNG importer in 2022…

Full Output Returns to Affected LNG Train at Chevron's Gorgon Facility in Australia

Nov 22, 2023

Full production has returned to a liquefied natural gas (LNG) train at Chevron's Gorgon facility in Western Australia, a company spokesperson said on Wednesday.On Oct. 31, an 'electrical incident' at a substation providing power supply to the…

Court Battle Between Santos and Traditional Owners Continues

Nov 15, 2023

Santos has issued a statement after the decision of the Federal Court of Australia on November 15 ruling that pipelay activities can commence on an 86-kilometer section of pipeline for the Barossa Gas Export Pipeline (GEP) – but not south of kilometre point 86 (KP86)…

Aussie Court Halts Santos' Barossa Pipeline Near Tiwi Islands

Nov 15, 2023

Santos was told by a court on Wednesday to halt its pipeline project around 70 kilometers north of the Tiwi Islands pending a final ruling, although it was allowed to begin laying gas pipelines for a section of its $3.6 billion Barossa gas project…

Inpex Raises Full-year Profit Guidance Despite Prelude Impairment Loss

Nov 09, 2023

Japan's top oil and gas producer Inpex on Thursday increased its full-year net profit forecast to 340 billion yen ($2.3 billion) on expectations of higher oil prices and a weaker yen and after record nine-month earnings.Inpex had earlier forecast net profit for the year at 320 billion yen…

Current News

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

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Are North Sea Jack-Ups Set for Flat 2024?

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ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

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