More woe for Pertamina as Chevron readies Rokan handover
Pertamina is set to take over the giant Rokan block from Chevron in Indonesia, but the Indonesian national oil company (NOC) appears to have no electricity supply to operate the site.
Chevron and Toyota set to collaborate on hydrogen
Chevron and Toyota’s North American division are exploring a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen, with the goal to advance a functional, thriving global hydrogen economy.
Renewables project pipeline accelerates in Asia Pacific
Renewables now make up 37% of all power generation projects under construction in Asia, representing a 4% increase in share from the previous quarter, according to the latest IHS Markit Renewable Additions Index (RAI) for Asia Pacific. Although coal power projects remain strong despite climate pressure.
Shell to trial first hydrogen fuel cells for ships in Singapore
Shell is carrying out a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the supermajor and the Southeast Asian city state.
Japan’s first commercial hydrogen power plant to open in 2022
Independent power supplier eRex will build Japan's first commercial hydrogen power plant in 2022 to initially supply zero-emission electricity to around 100 households.
Petronas snaps up small field development in Malaysia on new terms
Malaysia’s national oil company Petronas has awarded the production sharing contract (PSC) for the South East Collins Cluster under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum.
How Asia changed the global LNG market in one year
Resilient demand, price recovery and 'green' liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson.
Vietnam eyes $128bn investment in gas and renewables
Vietnam will need more than $128 billion of investment to achieve bullish targets in its latest power development plan that seeks to expand gas and renewable generation capacity over the next decade.
India gets first FSRU as LNG import capacity balloons
India’s first floating storage and regasification unit (FSRU) the Höegh Giant docked at H-Energy’s Jaigarh liquefied natural gas (LNG) import terminal in Maharashtra earlier this month and is targeting to start operations in the first week of May - when the first LNG cargo arrives.
Legendary trader sees ‘seismic shift’ in Houston’s oil patch
For John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, Houston’s fossil-fuel industry seems finally ready to move on.
Japan eyes Vietnam for ASEAN oil-sharing deal
Japan is targeting Vietnam for what will be its first oil-sharing deal with a Southeast Asian nation as Tokyo attempts to ensure an uninterrupted supply of petroleum from overseas supply chains in the event of a disruption.
East Timor set for big offshore well as Buffalo deal completed
Australia’s Carnarvon Petroleum is one step closer to seeing what BHP and Nexen left behind at the historic Buffalo field offshore East Timor. An exploration well is set to be drilled in late 2021 following the completion of a farm-out deal with UK-listed Advance Energy.
ExxonMobil starts up West Barracouta gas field offshore Australia
ExxonMobil believes its latest field development will likely be the largest domestic gas project for eastern Australia this decade after the $400 million West Barracouta project started up in the Gippsland basin.
Petronas starts up Turkmenistan field
Malaysian national oil company Petronas is ready to start production from its Garagol Deniz West field in the Turkmenistan area of the Caspian Sea, some eight years after a platform jacket was installed.
Duterte won’t challenge China at sea unless it drills for oil
Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.
Santos eyes final approval for giant CCS project
Australia’s Santos plans to take a final investment decision (FID) on its proposed Moomba carbon capture and storage (CCS) project that it said would be among the largest in the world.
Offshore development suspended as PNG changes the rules again
Twinza is suspending the development of its Pasca A offshore project in Papua New Guinea (PNG) after the government reneged on a previous agreement and increased its demands.
UK’s Pharos Energy excited by Vietnam potential
UK-listed Pharos Energy is excited about its upcoming Vietnam activities with a 3D seismic shoot lined up over a high-potential exploration permit and a six-well production drilling programme set to start at its Te Giac Trang offshore oilfield.
Gas is the new coal with risk of $100 billion in stranded assets
Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell.
US, China say they will cooperate to tackle climate change
The US and China are committed to cooperating to tackle climate change, they said in a joint statement after meetings between senior envoys last week that were held amid rising geopolitical tensions between the two countries.
Petronas awards exclusive downhole contract
Malaysian national oil company Petronas has awarded an exclusive three-year contract to Welltec as the sole provider of downhole conveyance and powered mechanical services in Malaysia.
Pavilion Energy imports Singapore’s first carbon neutral LNG cargo
Pavilion Energy has imported a carbon neutral liquefied natural gas (LNG) cargo into Singapore – the first for the Southeast Asian city state and Pavilion Energy.
Shareholders ready to rage at Singapore’s KrisEnergy
Singapore-listed KrisEnergy, which appears to be on the verge of collapse, has received a requisition notice from two shareholders requesting an extraordinary general meeting (EGM), over concerns about the restructuring of the troubled upstream player.
Pertamina to double capital spending
Indonesian national oil company (NOC) Pertamina plans to spend $10.7 billion in 2021. This is more than double its capital spend of $4.7 billion last year.
Trafigura opens carbon trading desk
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.