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Asia Oil & Gas News

 

North Field Expansion: Qatar Petroleum Orders LNG Carrier Quartet in China

Oct 04, 2021

Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion projects as well as for existing vessel replacement requirements…

Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge

Oct 13, 2021

Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's liquefied natural gas (LNG) terminal, industry sources said on Wednesday.The inquiries come on the back of…

Aquadrill Nets Two-well Offshore Drilling Deal in Indonesia

Oct 13, 2021

Offshore drilling firm Aquadrill - ex-Seadrill Partners - has secured a contract for its Capella drillship in Indonesia.The MPD outfitted 6th generation drillship, managed by Vantage Holdings International, will drill two wells, with an option for two more…

Eco Wave Power Signs MoU with CIMC for Deployment of Wave Energy Tech in China

Oct 11, 2021

CIMC Offshore Engineering Institute (CIMC OEI) has signed a memorandum of understanding with wave energy technology company Eco Wave Power.CIMC OEI is an engineering company that designs and builds offshore marine structures such as offshore drilling rigs…

Offshore Wind: Xodus Names Country Manager, Sets Up Shop in Japan

Oct 11, 2021

Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…

Bangladesh Pays Record Prices for Two LNG Shipments

Oct 08, 2021

Bangladesh bought two liquefied natural gas (LNG) cargoes for delivery in October at record prices, two industry sources said on Friday, as low inventory in Europe boosts competition with Asia for supplies ahead of winter.The south Asian nation…

Asia LNG Price Jumps by 40% to Record High

Oct 06, 2021

Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…

Petronas' FLNG Satu Delivers 50th LNG Cargo

Oct 05, 2021

Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…

Offshore Wind: Japanese Firms KCS, MOL In Cable Laying Collab

Oct 01, 2021

Japanese subsea cable laying firm Kokusai Cable Ship (KCS) and the shipping giant Mitsui O.S.K. Lines (MOL) have signed an agreement to collaborate on the operation of cable-laying ships to meet the increasing demand for the installation of power cables…

Qatar Strikes Long-Term LNG Supply Deal with China's CNOOC

Sep 30, 2021

Qatar Petroleum has signed a long-term LNG sales deal with China's CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC).QP will supply of 3.5 million tons per annum (MTPA) of LNG to CNOOC over a 15-year period starting January 2022…

CNOOC Makes Large Oil Discovery in China's Bohai Bay

Sep 30, 2021

Chinese oil company CNOOC said Thursday it had made a 'large-sized' discovery at Kenli 10-2 site in Bohai Bay, offshore China.The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15…

Keppel Completes Construction of Offshore Wind Substations for Ørsted

Sep 29, 2021

Singapore's Keppel Offshore & Marine has completed the construction of two offshore substations for offshore wind giant Ørsted.The two unmanned 600MW offshore wind farm substations will be deployed in Taiwan’s Greater Changhua 1 & 2a Offshore Wind Farms…

Mott MacDonald Nets Offshore Wind Deal in Taiwan

Sep 27, 2021

Mott MacDonald has been appointed by Hai Long offshore wind farm project as one of its owner’s engineers.The Hai Long project, currently in the development phase, is a 1GW wind farm located 50-70 km from the shore. Hai Long has three separate grid allocations…

BP Exec: Asia Needs Carbon Pricing to Accelerate Energy Transition

Sep 27, 2021

Asia needs to adopt a carbon pricing mechanism to help accelerate its transition towards lower emissions, a senior company official at oil major BP said on Monday.'A well-designed carbon pricing framework that is able to prevent carbon leakage…

CNOOC Seeks to Raise $5.4B to Fund Key Oil and Gas Projects

Sep 27, 2021

China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…

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BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)
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