Shell set to explore Philippines offshore wind potential
Shell (LON:SHEL) is partnering with local renewable energy company Alternergy Holdings to jointly explore the frontier offshore wind market potential in the Philippines.
PTTEP agrees $127m Montara oil spill settlement
Thailand’s PTT Exploration & Production (PTTEP) has concluded an out of court settlement with Indonesian seaweed farmers after agreeing to pay A$192.5 million (US$127.4 million) in compensation for the oil spill that resulted from the 2009 Montara blowout offshore Australia.
Hibiscus financials bolstered by high oil prices
Malaysia-based Hibiscus Petroleum today reported that relatively strong oil and gas prices have contributed positively to the profitability levels in all the group’s producing assets in Malaysia and the UK.
Global LNG supplies are ‘sold out’ for years, top importer Japan warns
Japan warns that global competition for liquefied natural gas (LNG) is set to intensify over the next three years due to an underinvestment in supply.
Pertamina decommissions Indonesia’s first offshore oil platform with South Korea help
Indonesia’s Pertamina has reportedly successfully decommissioned the Southeast Asian country’s first offshore oil and gas platform in partnership with South Korean companies, according to upstream regulator SKK Migas.
Indonesia’s Saka Energi plans $1.5bn upstream spend
Indonesian upstream player Saka Energi is planning to invest up to $1.5 billion between 2022 and 2028 to develop various assets in Indonesia and abroad as it seeks to boost oil and gas production.
Japan’s Mitsui on the hunt for carbon storage in Asia Pacific
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
Inpex gives investment nod for Japan’s first clean hydrogen and ammonia CCUS project
Inpex has taken a final investment decision for Japan’s first demonstration project that will produce clean hydrogen and ammonia in association with carbon capture utilisation and storage (CCUS).
Power hungry India seeks developers for 4GW of offshore wind power
The government of India has kicked off plans for offshore wind by releasing a consultation paper to call for bids to lease 870 square kilometres of seabed area in the power hungry South Asian nation.
BP’s Tangguh LNG Train 3 to start-up in March
Indonesia’s upstream regulator SKK Migas has reported that the BP-led Tangguh Train 3 liquefied natural gas (LNG) project in Indonesia’s West Papua province is on schedule to start-up in March 2023.
Japan and Thailand agree on LNG sharing to boost energy security
Japan’s industry minister Yasutoshi Nishimura and Thailand’s energy minister Supattanapong Punmeechaow have signed a memorandum of understanding to share liquefied natural gas (LNG) in times of serious shortages to boost energy security.
India mulls plan to keep old power plants running for longer
India is discussing a plan to keep old power stations running for longer, arguing that they’re needed to meet demand until enough energy storage can be built.
Jadestone’s Montara FPSO remains shutdown, restart uncertain
UK-listed Jadestone Energy (LON:JSE) has reported that the start-up of the company’s Montara Venture floating production storage and offloading (FPSO) vessel remains uncertain following oil leaks offshore Australia.
World Bank eyes huge offshore wind potential in Sri Lanka
Sri Lanka’s offshore wind resource far exceeds the South Asian nation’s energy demand, and its development could help the country’s economic recovery by displacing costly fuel imports, according to the World Bank.
Explosion at Petronas’ Sabah-Sarawak Gas Pipeline in Malaysia
Malaysia’s Petronas has confirmed reports of a fire incident at the Sabah-Sarawak Gas Pipeline (SSGP), nearby Lawas, Sarawak, following an explosion on Wednesday.
South Korea promotes collaboration on LNG infrastructure in Indonesia
The Korea-Indonesia Offshore Research Cooperation Center (KIORCC) is promoting collaboration between South Korean and Indonesian companies to develop LNG infrastructure facilities in Sulawesi to support the government’s plans to make use of gas as part of its energy transition strategy.
Offshore LNG solution eyed for big Australia gas field
Buru Energy has hired Transborders Energy to study an innovative offshore LNG solution to export gas and condensate from its large Rafael discovery in the Canning basin onshore Australia.
The Biden-Jokowi deal is just one step to turn Indonesia green
A massive $20 billion deal with the US and Japan will kick-start Indonesia’s drive to wean itself off coal power, though the country may still need trillions more to reach net-zero emissions while meeting growing demand for energy.
Vietnam nears $11bn deal to shift economy from coal
Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least $11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
Petronas and ExxonMobil show interest in Shell’s Masela LNG divestment
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
Chevron seeks to bury Asia’s emissions in Australia
Chevron (NYSE:CVX) is studying plans to sell greenhouse gas storage space in Australian underground reservoirs to polluters across Asia.
Indonesia’s giant Arun field eyed for regional open access CCS hub
Indonesia’s giant Arun field, which previously fed one of the world’s first LNG export plants, could be repurposed as potentially the first commercial carbon capture and storage (CCS) business in Asia offering open access storage of carbon dioxide (CO2).
Indonesia to retire coal plant in first deal under new energy transition fund
Indonesia’s state wealth fund signed a non-binding agreement to help fund the early retirement of a 660-megawatt coal-fired plant in West Java, the first deal to be made under a newly-set up energy transition fund.
Pertamina and Aramco team up for hydrogen and ammonia in Indonesia
Aramco and Indonesia’s Pertamina have announced they are exploring collaboration across the hydrogen and ammonia value chain in Southeast Asia's largest economy.