Billionaire bets on renewables in biggest 2022 Philippine IPO
Philippine billionaire Enrique Razon made his fortune operating ports and running casinos. His next target is the country’s nascent renewables industry.
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
Woodside to supply LNG to Europe in Uniper deal
Australia’s Woodside Energy (ASX:WDS) will supply liquefied natural gas (LNG) from its global portfolio to Europe, including Germany, starting in January 2023 after signing a flexible long-term deal with Uniper.
Shell takes final investment at Rosmari-Marjoram gas project in Malaysia
Shell and Petronas have taken the final investment decision (FID) to develop the Rosmari-Marjoram gas project in Sarawak, Malaysia.
IEA says Indonesia needs to invest $8bn per year on energy transition
To hit its 2060 net zero pledge, Indonesia will need to almost triple energy investment by 2030, the International Energy Agency (IEA) said in its latest report. That means an extra $8 billion in investment a year by the end of this decade compared with a business-as-usual pathway.
Oil rallies with OPEC+ decision, G-7 cap plan dominating trading
Oil surged on the possibility that OPEC+ may decide to trim production, and as Europe’s energy crisis worsened after the Group-of-Seven nations endorsed a plan to try to cap the price of Russian crude.
Nuclear plant braces as super typhoon barrels toward South Korea
A nuclear plant and industrial giants in South Korea began taking precautions with the most powerful storm in the nation’s history poised to make landfall early Tuesday, after disrupting ports and air traffic across China and Japan.
Indonesia finally raised fuel prices. What comes next?
Indonesia is bracing for protests this week after the government raised fuel prices by more than 30% to curb soaring subsidies, as higher costs hit households and small businesses across the archipelago.
ExxonMobil talks low-carbon future with Indonesia’s President
US giant ExxonMobil (NYSE:XOM) has met with Indonesia’s President Joko Widodo to talk about the importance of a lower carbon future and ways that Indonesia can continue to access reliable and cost effective sources of energy.
Equinor teams up with Oceanex to tap nascent Australia offshore wind market
Norwegian oil and gas player Equinor has teamed up with Australian offshore wind developer Oceanex for three proposed offshore wind projects each with a planned capacity of up to 2GW.
Petronas signs LNG export feasibility study with Argentina
Argentina is taking preliminary steps to tap its potential for exporting liquefied natural gas (LNG) with Malaysia’s Petronas, President Alberto Fernandez announced Thursday.
Santos and Chevron win Australia CCS permits and commit $136m
Australia’s Santos (ASX:STO) and US giant Chevron (NYSE:CVX) have committed to spending around A$200 million (US$136 million) to assess the geological potential for carbon capture and storage (CCS) projects offshore Australia after winning two greenhouse gas (GHG) acreage permits.
Philippines says open to resume oil exploration talks with China
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian nation’s top diplomat said.
Woodside-led venture, including BP, Shell, and Chevron, win Australia CCS permit
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Barossa FPSO for Darwin LNG backfill is 40% finished says BW Offshore
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa gas and condensate project – that will backfill the Darwin LNG export plant - offshore northern Australia is 40% finished as of July.
Malaysia’s Petronas sees energy price falls ahead as profits double
Malaysia’s Petronas reported on Tuesday that first-half net profits more than doubled on the back of higher oil and gas prices, but the state-backed energy company sees higher prices reversing next year as global supplies stabilise.
Woodside has choice of capex options worth US$14bn
Australia’s Woodside Energy Group (ASX:WDS) has a range of capital expenditure options that cover a US$9 billion projected spend on oil and gas projects out to 2024 and another US$5 billion pencilled in for new energy projects by 2030.
Woodside in talks to sell share in Scarborough gas field
Woodside Energy Group (ASX:WDS) is in talks with 'high quality' companies seeking to buy a share in its $5.7 billion Scarborough gas project that will supply an expansion of the Pluto LNG export complex in Australia. But the company will not sell unless it gets the right price, Chief Executive Meg O'Neill said on Tuesday.
Solar Energy Future Japan 2022
Solar Energy Future Japan 2022 Japan's Flagship RE Conference Shaping the Future Path of Solar Energy
Oil holds biggest gain in six weeks with supply risks building
Oil held the biggest gain in more than a month as traders weighed supply concerns, including the possibility of an OPEC+ output cut.
Woodside profit surges fivefold on gas prices, BHP merger
Woodside Energy Group, Australia’s biggest oil and gas producer, said first-half profit soared more than fivefold on the back of higher prices and the takeover of BHP Group’s energy assets.
Australia’s Santos rejigs $1.25bn of debt
Santos Santos (ASX:STO) today announced it has amended and extended its two syndicated bank loan facilities totalling US$1.25 billion.
Connecting Green Hydrogen Japan 2022
Connecting Green Hydrogen Japan 2022 The Most Attractive And Influential Hydrogen Event in Japan
Santos takes $600m FID for offshore CCS pipeline
Santos (ASX:STO) today announced investment approval for its US$622 million Darwin Pipeline Duplication Project, located offshore Australia’s Northern Territory, as part of its Barossa gas development that will backfill Darwin LNG.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.