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QP: North Field Works Going Full Steam Ahead

May 25, 2020

Qatar Petroleum's Saad Sherida Al-Kaabi in a webinar last week said the country was pressing ahead with the giant offshore North Field expansion despite the dire situation in the energy market where he feels it'll take 1-2 years for demand to…

Lockdown Measures Tightened at Kazakhstan's Karachaganak Gas Field

May 25, 2020

Kazakhstan has tightened lockdown measures at its biggest gas condensate field Karachaganak after confirming the first case of novel coronavirus among its staff, authorities said on Monday.The chief sanitary doctor in Western Kazakhstan province…

Indonesia OKs Coro's Duyung PSC Farm-In

May 22, 2020

Southeast Asian focused upstream oil and gas company Coro Energy has received all the necessary approvals by the Indonesian Government and has completed the acquisition of an interest in the Duyung offshore block, containing the Mako gas field…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

May 07, 2020

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide…

KrisEnergy Secures Loan for Offshore Project in Cambodia

May 01, 2020

Southeast Asia-focused oil company KrisEnergy has said it has secured a loan for the development of a gas field offshore Cambodia.The company on April 30, 2020, entered into a credit facility agreement with Kepinvest Singapore Pte. Ltd. as a lender for a loan of up to $87 million…

Sinopec Records First Quarterly Loss Since at Least Q4 2015

Apr 29, 2020

China Petroleum & Chemical Corp (Sinopec) recorded a 19.15 billion yuan ($2.71 billion) net loss in first-quarter earnings, as the coronavirus pandemic walloped fuel consumption and led to collapsing oil prices.It was the first quarterly loss…

Inpex Gets Nod for Further Subsea Installation Works at Ichthys

Apr 29, 2020

Australian offshore safety regulator NOPSEMA has approved Inpex's application to install Umbilicals, Risers and Flowlines (URF) infrastructure as part of the next stage of the development of the Ichthys gas and condensate field offshore W. Australia…

Linde, Hyosung to Build World’s Largest Liquid Hydrogen Plant in S. Korea

Apr 28, 2020

South Korea's Hyosung and the global industrial gases provider Linde Group will invest in the construction of a liquid hydrogen plant on an area of about 30,000 square meters within the site of Hyosung Yongyeon plant in Ulsan.Its annual capacity of production will be 13…

Pertamina Buys NWS Condensate at 'Deep Discount'

Apr 08, 2020

Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday…

Iran's South Pars Field Tops 700 MCM/Day Output

Apr 07, 2020

Daily gas production at Iran's South Pars field reached more than 700 million cubic meters (mcm) per day in the last Iranian calendar year, the head of the Pars Oil and Gas Company (POGC) said on Sunday, according to the official IRNA news agency…

Woodside Gets OK for Scarborough Proposal

Apr 02, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved Woodside's offshore project proposal (OPP) from for the development of the Scarborough gas fields off northern Western Australia.The OPP is the primary Commonwealth environmental…

Worley, Chevron Extend Service Contract in Australia

Mar 31, 2020

Australian energy services company Worley has secured an extension to an existing services contract with Chevron Australia.Under the contract, engineering and procurement services will be provided to support Chevron's Australian assets, including the Gorgon project…

Brazil: FPSO Charter Ends 5 Years after Deadly Explosion

Mar 30, 2020

FPSO leasing company BW Offshore has informed that a charter for FPSO Cidade de Sao Mateus has expired. The FPSO was involved in an explosion in February 2015, an incident in which nine workers were killed, and 26 others injured. There were…

Australia May Need LNG Imports from 2024

Mar 27, 2020

Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…

20 Workers Isolated at Field Feeding Nord Stream Pipeline

Mar 26, 2020

Gas giant Gazprom said on Thursday 20 workers have been quarantined at Bovanenkovo gas field, which feeds the Nord Stream pipeline and is a key source of Russian gas supplies to Europe, after contact with a person who has coronavirus.The outbreak…

Current News

Germany's RWE Widens Global Search for LNG Supplies

Germany's RWE Widens Global Search for LNG Supplies

INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work

INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work

Velesto Upgrades Two Jack-Up Rigs

Velesto Upgrades Two Jack-Up Rigs

Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

Vietnam Needs $8B -$14B Power Investment a Year Through 2030 - minister

Vietnam Needs $8B -$14B Power Investment a Year Through 2030 - minister

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs
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