Samsung Heavy wins major LNG carrier contract
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
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Asia Oil and Gas news and updates
Castorone off Scarborough work for at least a month
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
Conrad, Coro delay Mako FID as costs rise
The Australian listed company said it had made progress on the project during the last few months, with total costs now estimated to be $325 million. Costs to reach first production are $250mn. Previously, it had forecast total costs to be $303mn.
Saipem’s Castorone chalks up second accident in a month
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
Seatrium warns of “significantly higher” loss for year
The result is that Seatrium has warned it faces “financial loss that is significantly higher than the previous year”.
All Asia Posts
Indonesia targets IPOs at two Pertamina units next year, says deputy minister
Indonesia plans to launch initial public offerings (IPOs) for the upstream and geothermal units of state-backed energy company Pertamina next year to fund expansion, a senior government official told parliament on Wednesday.
Petronas strikes oil and gas off Sarawak
Malaysia’s Petronas Carigali has discovered oil and gas at the Nahara-1 well in Block SK306, located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.
Mubadala sells stakes in three Thai offshore oilfields
Mubadala Energy has agreed to sell three oilfields offshore Thailand to Valeura Energy. The Canadian company claims the acquisition will make it the largest independent operator of oil production in Thailand.
Australian contractor Clough’s collapse leaves more than $8bn of projects in limbo
More than $8 billion worth of gas, power, rail and mining projects across Australia, Mongolia and Papua New Guinea (PNG) face delays following the collapse of engineering company Clough on Monday.
Marco Polo Marine enters Japan offshore wind market
Singapore-listed Marco Polo Marine has signed an agreement with K Line Wind Service (KWS) to explore suitable vessel opportunities in the frontier Japanese offshore wind market.
Zarubezhneft eyes giant East Natuna gas block in Indonesia
Russia’s Zarubezhneft is interested to bid for the giant East Natuna gas Block offshore Indonesia, according to upstream regulator SKK Migas, when the area is auctioned next year.
Petronas signs historic unconventional deal in Abu Dhabi
Petronas has signed a concession for the first unconventional oil concession in the Middle East, during a high-level visit.
Europe’s New Sanctions on Russian Oil Kick In: What Changes?
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
East Timor’s NOC calls Woodside ‘corporate bully’ in latest Sunrise LNG spat
East Timor’s national oil company (NOC) TimorGAP has branded Woodside Energy (ASX:WDS) a “corporate bully” after the Australian LNG developer refused to agree to a production-sharing contract (PSC) that would commit gas from Greater Sunrise to be processed onshore East Timor.
Further delays for Barossa LNG as Santos loses court appeal
Santos’ (ASX:STO) appeal to restart drilling at its Barossa gas development offshore Australia that is planned to backfill the Darwin LNG export terminal has been dismissed adding further uncertainty and delays for the project.
Woodside boss makes blunder with East Timor LNG comments
The chief executive of Australia’s Woodside Energy (ASX:WDS) appears to have made a blunder with her comments that the company is open to revisiting a greenfield LNG export development in East Timor. Significantly, the melodrama around the project will likely continue.
Woodside open to onshore LNG export project in East Timor
Woodside Energy (ASX:WDS) is reconsidering the potential development of Greater Sunrise via an onshore liquefied natural gas (LNG) export terminal in East Timor. This marks a significant about-turn for the Australian LNG developer.
Malaysia’s Petronas doubles profits as oil and gas markets remain volatile
Malaysia’s Petronas has reported a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices on Wednesday.
Chevron finds nearly half its Australia staff have been bullied
Chevron found almost half of employees and contractors in Australia have been bullied in the past five years and a third experienced sexual harassment, adding to shocking revelations of abuse across the nation’s key resources sector.
Indonesia to auction giant East Natuna Block again
The government of Indonesia is reviewing plans to again auction the giant East Natuna Block offshore Indonesia as carbon capture and storage (CCS) technology opens up the development potential of the carbon dioxide (CO2) intense field, according to Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif.
Australia offshore CCS project advances
Pilot Energy and partner Triangle Energy are among the first in Australia to lodge a submission to seek regulatory approvals for an offshore carbon capture and storage (CCS) project.
ExxonMobil and Japan’s Mitsubishi Heavy Industries form CCS alliance
ExxonMobil (NYSE:XOM) and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.
Petronas gives investment approval for giant CCS project in Malaysia
Petronas has taken a final investment decision (FID) for the development of its giant Kasawari carbon capture and storage (CCS) project offshore Sarawak in Malaysia. Significantly, it will be one of the first large scale CCS schemes in Southeast Asia and takes Malaysia closer to its goal of becoming a regional hub for carbon storage solutions.
Green hydrogen project in Pakistan edges forward
London-listed Oracle Power, via its joint venture Oracle Energy, has leased 7,000 acres of land in Pakistan, where it proposes to build what could be the country’s first green hydrogen project.
Woodside production guidance lower than expected on delays
Woodside Energy’s (ASX:WDS) latest production guidance for 2023 has fallen short given delays at new oil projects in West Africa and the US, as well as a maintenance shutdown at the Pluto LNG export complex in Australia.
Woodside and Mitsui join New Zealand green hydrogen export project
New Zealand’s renewable energy company Meridian has selected Australia’s Woodside Energy (ASX:WDS) as its partner to develop a large-scale hydrogen and ammonia facility at Southland in New Zealand.
Putin’s war leaves West more reliant than ever on Asian fuel
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
Harbour Energy opens FEED and FPSO tender for Tuna in Indonesia
Harbour Energy (LON:HBR) is seeking a floating production storage and offloading (FPSO) unit for its Tuna oil and gas development offshore Indonesia in the Natuna Sea.
Indonesia to file $1.7bn Montara oil spill lawsuit against Thailand’s PTTEP
Indonesia is seeking at least 27.4 trillion rupiah ($1.7 billion) in damages from PTT Exploration & Production (BKK:PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.
Keppel delivers legacy rig to ADNOC
Singapore yard Keppel O&M has delivered the first of three jack-up rigs novated by Borr Driling to ADNOC Drilling.