Oil And Gas News

 

CNPC's $8.5 Bln Gas Storage Project Starts Construction

Nov 20, 2019

China National Petroleum Corp's (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaoning province on Wednesday, the state-backed China News Service said.The project, jointly invested in by Liaohe Oilfield of CNPC and the Panjin government to the tune of about 60 billion yuan ($8.5 billion), is aiming for storage capacity of 11.5 billion cubic meters…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

KMG, Tatneft Outline Cooperation Roadmap

Nov 20, 2019

Chairman of the Management Board, NC KazMunayGas (KMG), Alik Aidarbayev and Director General of Tatneft Nail Maganov signed the Roadmap on Introduction of the Tatneft Best Practices in the Petroleum Industry of the Republic of Kazakhstan. The implementation period is 2020…

CNPC Inks Two Cooperation Deals in Kazakhstan

Nov 20, 2019

China's CNPC said it has signed a Memorandum on expanding cooperation with KazMunayGas (KMG) and a Memorandum on natural gas cooperation with the Ministry of Energy of the Republic of Kazakhstan and KazTransGaz, respectively.Signing of the two…

RDIF Says Oil Demand May Rise

Nov 20, 2019

Global oil demand may rise as global trade wars subside, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), told reporters on Wednesday when asked what to expect from a meeting of OPEC and non-OPEC oil producers set for December…

Sinopec Gets Weirong Green Light

Nov 19, 2019

China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field in the southwestern province of Sichuan, the refiner said on Tuesday.The company plans to build 166 wells at the gas field…

Woodside Sees Reserve Base Tripling

Nov 19, 2019

Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3…

Wintermar Charters PSV Duo in Indonesia

Nov 18, 2019

Wintermar announced on Monday it has secured contracts for two platform supply vessels (PSVs) to a major oil and gas company for a total of seven years including options.The PSVs will provide deck and cargo supply runs to support the drilling operations in Eastern Indonesia…

Gas Explosion Kills 7 in Bangladesh

Nov 18, 2019

At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.The gas pipeline exploded in front of a five-storey building, blowing walls off the building…

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

Nov 12, 2019

Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonization bill could hit $3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear and hydro power, collectively referred to as zero-carbon energy between now and 2040…

China Expects Balanced Energy Supply/Demand

Nov 12, 2019

China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas output and liquefied natural gas (LNG) imports, state news agency Xinhua reported on Tuesday.Citing unidentified officials…

India to Invite Foreign Investment in State-owned Oil Companies

Nov 12, 2019

International energy firms will be invited to participate in India's privatization of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston…

Southeast Asia Bullish on OFS Market

Nov 11, 2019

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia…

BMT Delivers Real Time Monitoring for Helang FPSO

Nov 11, 2019

BMT has delivered a Mooring Line Monitoring (MLM) system to London Marine Consultants (LMC) for the Helang floating production,s storage and offloading unit (FPSO) project on the JX Nippon-operated Layang gas/condensate field offshore Sarawak…

Saipem Inks Deal with Daewoo for Onshore Projects

Nov 11, 2019

Italy's Saipem said on Monday it signed a strategic agreement with Daewoo E&C Co. for cooperation in the onshore oil and gas industry, with a specific focus on the liquefied natural gas (LNG) sector.'LNG is strategic for us and we are definitively…

Current News

Sarawak Seeks to Recoup Tax from Petronas

Sarawak Seeks to Recoup Tax from Petronas

Thunder Cranes Wins Chevron Contract

Thunder Cranes Wins Chevron Contract

KMG, Tatneft Outline Cooperation Roadmap

KMG, Tatneft Outline Cooperation Roadmap

China to Cut Renewable Power Subsidy

China to Cut Renewable Power Subsidy

CNPC Inks Two Cooperation Deals in Kazakhstan

CNPC Inks Two Cooperation Deals in Kazakhstan

RDIF Says Oil Demand May Rise

RDIF Says Oil Demand May Rise

CNPC's $8.5 Bln Gas Storage Project Starts Construction

CNPC's $8.5 Bln Gas Storage Project Starts Construction

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