Brent oil extended its relentless rally above $110 a barrel before an OPEC+ meeting as the International Energy Agency (IEA) warned that global energy security is under threat following Russia’s invasion of Ukraine.
ExxonMobil (NYSE:XOM) said it will discontinue operations at Sakhalin-1 and make no new investments in Russia in response to Vladimir Putin’s invasion of Ukraine. Significantly, this casts more uncertainty around Russia's plans for expanding liquefied natural gas (LNG) exports from Sakhalin Island in Far East Russia.
Malaysia’s state oil company Petronas swung to profit in the final three months of 2021, due to a smaller impairment loss, higher earnings and elevated crude oil prices.
Malaysian national energy company Petronas said it will not make any rash decisions around its ongoing collaboration with Gazprom in response to Vladimir Putin’s invasion of Ukraine and the resulting sanctions imposed on Russia.
Japan’s JERA today announced that is has established a full-scale operations base in Vietnam as it considers developing several LNG-to-power projects in the country.
Mubadala Petroleum has re-started the process to find a suitable deep-water drilling rig for its 2023 campaign offshore Indonesia.
Shell said yesterday that it will exit all its oil and gas projects with Russia’s Gazprom in response to Russia’s invasion of Ukraine, including the Sakhalin-2 LNG export project, which is a crucial supplier to Japan. Significantly, Shell’s decision will now put pressure on Japanese partners, Mitsubishi, and Mitsui, to reconsider their involvement in the liquefied natural gas (LNG) project.
First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.
Demand destruction is the only thing that can stop oil shooting higher after the US and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc.
Santos, SK E&S, K-CCUS Association, CO2CRC and Korea Trade Insurance Corporation have signed a memorandum of understanding (MOU) to support and collaborate in the development of carbon dioxide (CO2) storage facilities.
Japan’s JERA, a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power, is partnering with ExxonMobil for a large LNG-to-power project in Vietnam.
Germany pledged new support for liquefied natural gas (LNG) terminals, the latest sign it’s willing to retool its energy policy in the wake of Russia’s invasion of Ukraine.
Oil soared at the open as energy and commodity markets were thrown into a state of disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.
The first episode of the Bigger Faster Better series from Energy Voice, in association with Womble Bond Dickinson, starts a journey of exploration to uncover which countries are developing the most innovative and scalable energy solutions. Over the course of the series, we examine how the UK stacks up in its race to cut emissions and move towards Net Zero, against other nations across the globe.
Chevron said it has made a new investment in Carbon Clean, a global leader in cost-effective industrial carbon capture. The investment advances potential cost reduction of carbon dioxide (CO2) capture, said Chevron.
Italy’s Eni (BIT:ENI) remains unable to resume upstream exploration activities in the Ambalat Block offshore Indonesia as a maritime territorial dispute between Malaysian and Indonesia has not been resolved.
Europe’s top energy companies are rushing to buy more Russian gas even after President Vladimir Putin’s forces attacked Ukraine.
A global energy crisis looks likely to unfold after oil prices spiked above $100 per barrel yesterday as Russian tanks and troops moved closer to Ukraine’s capital.
China has no immediate plan to intervene in oil markets following Russia’s invasion of Ukraine, according to the foreign ministry.
Oil pushed higher in Asian trading following a wild session in which prices spiked above $100 a barrel before giving up gains after Russian energy supplies were spared from sanctions.
Brent oil surged above $100 a barrel for the first time since 2014 as an attack by Russia on cities across Ukraine sparked fears of a disruption to the region’s critical energy exports.
The deal volume for renewable energy assets in Asia more than tripled to $13.6 billion in 2021, as the number of transactions surged by 53% year-on-year to 75. Significantly, large corporate mergers in the solar energy sector fuelled the considerable increase in value, reported Enerdatics, a research company.
Abu Dhabi National Oil Company (ADNOC) Logistics and Services will supply a floating storage unit (FSU) for Atlantic Gulf & Pacific Company’s (AG&P’s) Philippines LNG Import Terminal (PHLNG) due to start operations later this year.
The Shell-led Crux development offshore Australia, that will help backfill Shell’s (LSE:RDSA) Prelude floating liquefied natural gas (LNG) project, has moved closer to a final investment decision (FID), which partner Seven Group, expects by the end of this financial year.
Chinese oil and gas giant CNOOC is set to install the world’s largest storage tanks at the Binhai LNG import terminal in Jiangsu by the end of 2023, reported Reuters.
