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PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

1 hour ago

German oil and gas company Wintershall Dea has sold its 10% interest in Abu Dhabi's Ghasha Concession to Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) as part of its exit strategy from the United Arab Emirates, ahead of announced business combination with Harbour Energy…

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

2 hours ago

Singapore's Temasek Holdings is finalizing the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.The deal will provide Shell…

Valeura’s Newly Acquired FSO Aurora Checks in at Nong Yao Field Offshore Thailand

Jun 12, 2024

Canada-based oil and gas company Valeura Energy has completed the acquisition of the floating storage and offloading (FSO) vessel Aurora, which is already on location at its Nong Yao field, in the Gulf of Thailand.The acquisition was the result…

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

Jun 11, 2024

China's Hengyi has increased fuel oil exports from its Brunei refinery this month and has delayed loadings of other refined products following a fire at the plant in late May, according to several trade sources and ship-tracking data.The delivery…

China, Pakistan Agree to Strengthen Oil and Gas Cooperation

Jun 10, 2024

China and Pakistan have agreed to boost mining cooperation and promote the implementation of a pact on strengthening mining development and industrial cooperation, according to a joint statement from the two countries.Pakistani Prime Minister Shehbaz Sharif visited in Beijing from June 4 to 8…

CNOOC Makes Major Gas Discovery in South China Sea Waters

Jun 06, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made a major exploration breakthrough in ultra-shallow gas play in ultra-deep water South China Sea.Lingshui 36-1 gas field is located in western South China Sea, with an average water depth of approximately 1…

TotalEnergies Inks Two LNG Supply Deals in Asia

Jun 04, 2024

TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800…

OPEC+ Extends Deep Oil Production Cuts into 2025

Jun 03, 2024

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…

Full LNG Production Restored at Gorgon Facility in Australia

Jun 03, 2024

Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.'Chevron Australia has resumed full LNG production from…

Bangladesh's Summit LNG Pauses FSRU Operations Due to Cyclone Damage

Jun 03, 2024

Bangladesh's Summit LNG has paused operations at its floating storage and regasification unit (FSRU) in Moheshkhali after it was hit by a stray pontoon during a cyclone on May 27, the company said in a statement to Reuters on Friday.'There was damage to the ballast water tank of the FSRU…

Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months

May 31, 2024

Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…

Aramco Acquires 40% stake in Gas & Oil Pakistan

May 31, 2024

Saudi Arabian state-owned oil and gas giant Aramco has competed the acquisition of a 40% equity stake in Gas & Oil Pakistan (GO).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1…

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

May 29, 2024

Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil.The successful pricing of $1.035 billion 144A/Reg S non-recourse…

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

May 29, 2024

India’s Oil and Natural Gas Corporation Limited (ONGC), supported by ABL as tow master and marine warranty provider, has moved a record high 45 drilling rigs to new locations ahead of the Indian monsoon season.The 45 rig moves of jack-up rigs…

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

May 28, 2024

Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the vote.The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass…

Current News

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Valeura’s Newly Acquired FSO Aurora Checks in at Nong Yao Field Offshore Thailand

Valeura’s Newly Acquired FSO Aurora Checks in at Nong Yao Field Offshore Thailand

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

China, Pakistan Agree to Strengthen Oil and Gas Cooperation

China, Pakistan Agree to Strengthen Oil and Gas Cooperation

CNOOC Makes Major Gas Discovery in South China Sea Waters

CNOOC Makes Major Gas Discovery in South China Sea Waters

TotalEnergies Inks Two LNG Supply Deals in Asia

TotalEnergies Inks Two LNG Supply Deals in Asia

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