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India Set to Import Record LNG Volumes

Feb 21, 2020

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due to the coronavirus outbreak dampening demand in China. The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed. That would exceed India's LNG imports in October of about 2…

Indonesia's Oil & Gas Output Set for Drop

few minutes ago

Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…

Cooper Eyeing Annie Gas Find Start-Up in 2022

2 hours ago

Australian oil and gas company Cooper Energy might bring its Annie gas discovery online in 2022.Cooper, in cooperation with Mitsui E&P, made the discovery at the Annie-1 well, located 9 kilometers offshore Victoria, Australia, in September 2019…

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Feb 21, 2020

Didier Casimiro, placed on a sanctions list by the United States earlier this week, on Friday resigned from the board of Indian refiner Nayara Energy, part-owned by Russian oil major Rosneft, company filings with the Indian government show.The United States on Tuesday blacklisted Rosneft Trading S…

Siemens Wins Order to Modernize M. East Jack-Up Rig

Feb 20, 2020

Arabian Drilling Company has tapped the German industrial giant Siemens to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jack-up drilling rig for a customer in the Middle East…

Cooper's Sole Offshore Gas Field to Go Online by February End

Feb 18, 2020

Australia's Cooper Energy has said that the production of gas from its Sole gas project is set to begin later in February, with full production aimed for March.The company said Tuesday the Sole Gas Project had passed a critical milestone with…

Woodside Wins Senegal Case

Feb 14, 2020

Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016, claiming pre-emption rights. The field is now known as Sangomar…

Coronavirus Knocks 4 Asia-bound LNG Tankers Off Course

Feb 14, 2020

Four liquefied natural gas (LNG) tankers bound for North Asia have changed destination or diverted after the coronavirus outbreak hit gas demand in China, the world's second-biggest buyer of the super-chilled fuel, five sources said. In addition…

Rystad Slashes Oil Demand Forecast on Coronavirus Impact

Feb 11, 2020

Oslo-based energy market intelligence firm Rystad Energy has slashed its global oil demand forecast for 2020 by a quarter, citing the impact of the novel coronavirus.Rystad has pointed to the fact that the coronavirus epidemic in China has triggered…

Cooper Energy Sells More Casino Henry Gas to O-I

Feb 10, 2020

ASX-listed Cooper Energy has signed a new gas supply agreement with O-I, an industrial gas user and Australia’s largest manufacturer of glass container products.The gas is to be supplied from Cooper's equity share of production from its Casino Henry operations offshore Victoria…

Eni Charters KNOT Shuttle Tanker Pair

Feb 10, 2020

Italian oil firm Eni has signed an agreement with tanker operator Knutsen NYK Offshore Tankers (KNOT) to charter two newbuild shuttle tankers.Shuttle tankers are used to offload oil from offshore platformsSouth Korea's Daewoo Shipbuilding & Marine Engineering will build the two 124…

Elixir Energy well positioned to meet China’s booming natural gas demand

Feb 05, 2020

China is set to see a massive lift in demand for natural gas with current usage rates set to more than triple over the next 15 years.This comes as the Chinese government pushes for a switch to cleaner energy sources from coal, implementing policies…

Worley CEO to Step Down. Replacement Named

Feb 03, 2020

Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…

Coro Energy Pulls Out of Bulu PSC Deal

Jan 31, 2020

The Southeast Asian focused oil company Coro Energy will not be buying a share in the Bulu PSC, offshore Indonesia, citing  increased risks around the Bulu project.'The company had in September 2018 agreed to buy a 42.5% interest in the shallow water (60m) block offshore East Java…

'Power of Siberia' Pipeline Begins Flow to China

Jan 22, 2020

China has started to consume Russian gas via the newly launched 'Power of Siberia' pipeline, said CNPC-backed Kunlun Energy Ltd, operator of the pipeline in China, on Wednesday.The company receives 250,000-300,000 cubic meters of pipeline gas daily from Russia…

Current News

Indonesia's Oil & Gas Output Set for Drop

Indonesia's Oil & Gas Output Set for Drop

Cooper Eyeing Annie Gas Find Start-Up in 2022

Cooper Eyeing Annie Gas Find Start-Up in 2022

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Nayara Energy Director Resigns After U.S. Sanctions Imposed

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

India Set to Import Record LNG Volumes

India Set to Import Record LNG Volumes

Tanjung Offshore to Deliver Offshore Platform for Petronas

Tanjung Offshore to Deliver Offshore Platform for Petronas

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