China delivers blow to climate summit with no new targets
China said it’s sticking to existing climate change targets to zero out emissions, reducing the chances for more ambitious global action at the COP26 summit in Glasgow.
East Timor eyes oil bonanza as historic exploration well spudded
Australian company Timor Resources has spudded the first onshore well in East Timor in more than 50 years as the Southeast Asian nation, also known as Timor Leste, hopes for an oil bonanza.
Australia is ahead of the pack for green hydrogen export potential
Suppliers with access to low-cost renewables will have a competitive advantage when it comes to green hydrogen production. Australia and the Middle East sit in the top echelons for solar irradiance and offer massive green hydrogen potential, according to Wood Mackenzie’s latest analysis.
Aussie decommissioning hub gets strategic leadership boost
Centre of Decommissioning Australia (CODA) has appointed its inaugural supervisory committee to boost its strategic focus and expertise as it tackles the challenges and opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
Indonesia needs $35bn investment to build EV ecosystem
Indonesia needs up to $35 billion investment to build an electric vehicle (EV) ecosystem in the next five to ten years. This will place Indonesia in a key position in the global EV supply chain, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan.
Integrating solar into LNG industry could slash Australia’s carbon footprint, says report
The integration of solar energy into Australia’s liquified natural gas (LNG) industry could dramatically reduce Australia’s carbon footprint while also creating thousands of additional jobs, according to the latest research by government-funded NERA (National Energy Resources Australia) and Charles Darwin University (CDU).
Asia snaps up American shale gas to keep boilers, furnaces lit
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
Australia commits to net-zero emissions target but lags on 2030
Australia, one of the world’s top per-capita polluters, finally agreed to a plan to zero out its carbon emissions by 2050 but fell short of committing to harder short-term targets demanded by climate activists.
Singapore seeks proposals for low-carbon electricity imports
Singapore is seeking proposals for up to a total of four gigawatts (GW) of low-carbon electricity imports by 2035 as part of the Southeast Asian city state’s efforts to decarbonise its power sector.
Harbour seeks PSV for Indonesia deep-water campaign
Harbour Energy (LON:HBR) is seeking a platform supply vessel (PSV) to support its Andaman deep-water drilling programme offshore Indonesia.
ExxonMobil talks over deepwater deals with India’s ONGC
ExxonMobil (NYSE:XOM) is reportedly discussing acquiring stakes in some deepwater fields from state-backed India’s Oil and Natural Gas Corporation (ONGC).
Australia’s Woodside plans $748m hydrogen export hub
Woodside (ASX:WPL) today unveiled plans for a A$1 billion ($748 million) hydrogen export plant south of Perth that is designed to export low carbon energy overseas and boost renewable energy supplies in Western Australia.
La Nina threatens to worsen Asian energy crisis with colder winter
A weather phenomenon that typically delivers harsher winters is on the way and expected to add to Asia’s energy crisis.
How Saudi Arabia is planning to reach net zero by 2060
Saudi Arabia, the world’s largest oil exporter, committed to ending planet-warming emissions by 2060 but made clear the new plan won't work if the country is stopped from continuing to pump millions of barrels a day for decades.
Origin sells 10% of Australian LNG project for $2.12bn
Origin Energy (ASX:ORG) is set to sell a 10% share of its Australia Pacific LNG export project to global energy investor EIG in a deal worth $2.12 billion.
ExxonMobil and partners make PNG LNG backfill investment
The ExxonMobil-led (NYSE:XOM) PNG LNG joint venture have taken a final investment decision on the Angore upstream development that will help backfill the export plant in Papua New Guinea (PNG).
China’s Sinopec signs up for more US LNG
US liquefied natural gas (LNG) developer Venture Global LNG has signed a trio of supply deals with China’s Sinopec. Significantly, the sales contracts will more than double China’s imports of LNG from the US.
Chevron and Eni closer to striking a deal on IDD
SKK Migas, Indonesia’s upstream regulator, said Italy’s Eni (BIT:ENI) is closer to a takeover bid for Chevron’s (NYSE:CVX) giant Indonesia Deepwater Development (IDD).
BP’s Tangguh LNG Train 3 to start-up in Q2 next year, says SKKMigas
Indonesian upstream regulator SKK Migas expects operations at BP’s (LON:BP) Tangguh liquefied natural gas (LNG) Train 3 project, which is under construction, to start in Q2 2022.
ExxonMobil board debates dropping giant projects in Vietnam and Mozambique
ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
ExxonMobil planning CCS project at Cepu in Indonesia
ExxonMobil (NYSE:XOM) is planning a carbon capture utilisation and storage (CCUS) project at its giant Cepu block in East Java, said Dwi Soetjipto, the head of Indonesia’s upstream regulator SKK Migas.
Santos posts record quarterly sales of $1.1bn
Australia’s Santos (ASX:STO) delivered record quarterly sales revenue of US$1.14 billion and record quarterly free cash flow of US$359 million.
Woodside on track for investment approvals on new LNG projects
Australian LNG developer Woodside (ASX:WPL) said today that it is on track for a targeted final investment decision (FID) on the Scarborough and Pluto Train 2 developments before the end of this year. The company is also benefitting from strong liquefied natural gas (LNG) prices.
Sembcorp Marine expects big loss as supply chain squeezed, costs overrun
Singapore yard Sembcorp Marine expects to make “significant losses” in the second-half 2021 as a supply chain crunch and project delays bite.
CCS will not save Santos’ Barossa LNG project, says IEEFA
Despite a proposed carbon capture and storage (CCS) scheme, the Santos-led (ASX:STO) Barossa liquefied natural gas (LNG) project in Australia, will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain. This makes it one of the more expensive and dirtiest gas projects in the world, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).