Oil and gas driller ADES Holding, backed by Saudi Arabia's sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals to 13.50 riyals a share.ADES plans to raise as much as 4.57 billion riyals ($1.22 billion)…
Chevron Australia no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone liquefied natural gas facilities as unions prepare for full-scale strikes…
Formosa 2 offshore wind project in Taiwan has achieved commercial operation date (COD), becoming the first Round 2 offshore wind project in Taiwan to reach this milestone.The Formosa 2 offshore wind project is a joint development project by JERA (49%)…
Workers at Chevron's liquefied natural gas (LNG) projects in Australia, which produce 5.1% of the world's supply of the super-chilled fuel, went on strike on Friday after mediation talks ended without a deal.WHAT'S NEXT?Unions kicked off action with short work stoppages and bans on certain tasks…
Workers at Chevron's liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.No further talks were scheduled between the unions and the U…
Japan's JERA, one of the world's biggest buyers of liquefied natural gas (LNG), expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand, a top executive said on Thursday.'I think the real impact is not much…
Thailand's annual gas regasification capacity will nearly double by the end of the decade as liquefied natural gas (LNG) imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday…
Natural gas will play a key role in Indonesia's energy transition, thanks to discoveries in past years as oil production declines, energy official Tutuka Ariadji said on Tuesday.The southeast Asian nation, which is stepping up development of gas projects such as Masela…
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…
Woodside Energy faces increased costs following negotiations with unions at its Australian liquefied natural gas (LNG) plant, but these will have a relatively modest impact on its overall business, CEO Meg O'Neill told Reuters on Tuesday.Last month…
The American Bureau of Shipping (ABS) issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new liquified natural gas (LNG) carrier design, currently the world’s largest with 271,000 cubic meters of cargo tank capacity…
Planned work stoppages next week at two of Australia's largest liquefied natural gas (LNG) facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.Australia is the world's biggest LNG exporter…
India's top explorer Oil and Natural Gas Corp (ONGC) plans to invest 2 trillion rupees ($24.17 billion) on clean energy projects in order to meet its 2038 net-zero carbon emissions goal, chairman Arun Kumar Singh said on Tuesday.The company…
Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding…
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…
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