The merger between Woodside and BHP’s entire petroleum business will see the combined decommissioning costs for the new super independent hit $6.7 billion over the next 30 years, according to Woodside’s prospectus filed to the London Stock Exchange this week.
France's TotalEnergies and Japanese energy group ENEOS Holdings said that they will team up to sell electricity generated from solar power to Asian businesses.
Oil steadied in Asia after rallying back above $100 a barrel as Russian President Vladimir Putin vowed to continue the war in Ukraine, which has rattled markets and tightened global crude supply.
A consortium led by Japan’s JGC has won a construction deal for LNG terminal facilities in Taiwan from state-backed CPC. Significantly, JGC is hoping to win follow-up work in Taiwan as the country expands its LNG infrastructure.
KBR said it expects to receive a total of $271 million under a tentative settlement with a consortium that included GE and Australian construction giant CIMIC Group in a contract dispute over work at the Inpex-operated Ichthys project in Australia.
A junior-level executive of Petronas Carigali is among nine individuals held by the Malaysian Anti-Corruption Commission (MACC) since last Friday to assist an investigation into corruption involving projects at the upstream subsidiary of the state-backed energy company.
Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.
US president Joe Biden has told Indian Prime Minister Narendra Modi that increasing oil imports from Russia is not in India’s interest.
China is slashing liquefied natural gas (LNG) purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand.
Japan’s Mitsui and Indonesian state-backed energy company Pertamina will jointly study carbon capture, utilisation and storage (CCUS) commercialisation options in Indonesia.
Shell (LON:SHEL) said today that exports of liquefied natural gas (LNG) cargoes have resumed from its Prelude floating LNG (FLNG) facility offshore Australia. This will help ease the pressure on the tight regional market for LNG.
Malaysia’s national energy company Petronas has confirmed that one of its junior level executives has been arrested by the Malaysian Anti-Corruption Commission (MACC) for suspected graft. The news underscores that the risk of corrupt practises remains high at Petronas.
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer.
Surging oil, gas, and power prices, together with the European Union (EU)’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation, will catapult global energy spending this year to a record $2.1 trillion. Significantly, similar levels of spending have not been seen since 2014, Rystad Energy research shows.
KBR said it has won an ammonia technology contract from South Korea’s Daelim Industrial, or DL E&C, for NeuRizer's carbon-neutral fertiliser project in Australia.
Japan’s Mitsui has agreed to make an investment in a large-scale 1.3GW renewable energy project that India’s ReNew Power is developing.
A multi-national partnership aims to establish what could be the first green e-methanol plant in Southeast Asia. The partnership, which includes Thailand’s PTT Exploration & Production (PTTEP), aims to establish Asia’s first green e-methanol plant which converts captured biogenic carbon dioxide (CO2) into green e-methanol, a low carbon fuel.
The Indonesian government is preparing to launch domestic legal action against Thailand’s PTT Exploration & Production (PTTEP) (BKK:PTTEP) relating to economic and environmental damages suffered by local people around Kupang following the 2009 Montara oil spill.
US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks.
Woodside’s Scarborough gas field development offshore Australia that will feed an expanded Pluto LNG export complex has received key primary approvals from the Commonwealth-Western Australian Joint Authority to support execution of the project.
For price-sensitive liquefied natural gas (LNG) buyers in Asia, now is not the time to build new LNG import terminals, according to the latest study from the Institute for Energy Economics and Financial Analysis (IEEFA).
China’s top liquefied natural gas (LNG) importers are cautiously looking to purchase additional Russian shipments that have been shunned by the market in a bid to take advantage of cheap prices.
Technip Energies will carry out a front-end engineering and design (FEED) work for Equinor’s floating offshore wind Firefly project in South Korea.,
About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie. Significantly, Russia’s key market China not shoring up large volumes yet.
The Indonesian government estimates that Southeast Asia’s largest economy will need investments of up to $25.2 billion to develop green hydrogen from 2031 to 2060. Significantly, state-backed Pertamina is looking to invest some $11 billion to help accelerate the clean energy transition, including hydrogen developments, over the next five years.
