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Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Feb 25, 2025

Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday…

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

Feb 21, 2025

Petronas, through Malaysia Petroleum Management (MPM), has concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), located off the coast of Sabah. The state-owned energy giant has also launched MBR 2025…

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

Feb 21, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Luda 5-2 North Oilfield Phase II Development Project in the central part of Bohai Sea.The main production facilities at the project…

Japan's Japex Shifts Back to Oil and Gas Investments

Feb 20, 2025

Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses, its president said.'For now, the investment…

Tokyo Gas Enters LNG Market in Philippines

Feb 19, 2025

Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.Financial terms of the deal for the stake in FGEN LNG…

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

Feb 19, 2025

The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday…

SLB Names Raman CSO, CMO

Feb 14, 2025

SLB has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure.Aparna Raman has been appointed chief strategy and marketing officer…

Eco Wave Finds Partner for Wave Energy Project in India

Feb 14, 2025

Eco Wave Power Global has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL), marking a first step for the introduction of wave energy into India’s renewable energy strategy.The collaboration aligns with…

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Feb 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

Feb 11, 2025

Oil and Natural Gas Corporation Limited (ONGC) and BP have signed a contract under which BP will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field.ONGC will retain ownership and operational control of the field…

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

Feb 10, 2025

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research…

ADNOC Secures LNG Supply Deal with India's BPCL

Feb 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…

India Set to Launch Oil and Gas Licensing Later This Week

Feb 10, 2025

India will launch rounds for oil and gas blocks licensing this week, Oil Minister Hardeep S Puri said on Monday.Puri said that he hopes energy supply issues will be discussed during the meeting between Indian Prime Minister Narendra Modi and U…

Malaysia's Petronas Plans Job Cuts

Feb 07, 2025

Malaysia's state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief.'The rationale to do this…

CNOOC Starts Production at Offshore Oil Filed Equipped with CCUS Tech

Feb 07, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the first phase of Bozhong 26-6 oil field development project in Bohai Bay, which also features carbon capture, utilization and storage (CCUS) capabilities…

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