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
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
Woodside to supply LNG to Europe in Uniper deal
Australia’s Woodside Energy (ASX:WDS) will supply liquefied natural gas (LNG) from its global portfolio to Europe, including Germany, starting in January 2023 after signing a flexible long-term deal with Uniper.
Shell takes final investment at Rosmari-Marjoram gas project in Malaysia
Shell and Petronas have taken the final investment decision (FID) to develop the Rosmari-Marjoram gas project in Sarawak, Malaysia.
IEA says Indonesia needs to invest $8bn per year on energy transition
To hit its 2060 net zero pledge, Indonesia will need to almost triple energy investment by 2030, the International Energy Agency (IEA) said in its latest report. That means an extra $8 billion in investment a year by the end of this decade compared with a business-as-usual pathway.
Indonesia finally raised fuel prices. What comes next?
Indonesia is bracing for protests this week after the government raised fuel prices by more than 30% to curb soaring subsidies, as higher costs hit households and small businesses across the archipelago.
ExxonMobil talks low-carbon future with Indonesia’s President
US giant ExxonMobil (NYSE:XOM) has met with Indonesia’s President Joko Widodo to talk about the importance of a lower carbon future and ways that Indonesia can continue to access reliable and cost effective sources of energy.
Petronas signs LNG export feasibility study with Argentina
Argentina is taking preliminary steps to tap its potential for exporting liquefied natural gas (LNG) with Malaysia’s Petronas, President Alberto Fernandez announced Thursday.
Philippines says open to resume oil exploration talks with China
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian nation’s top diplomat said.
Singapore’s Sembcorp Marine hit by cybersecurity incident
Shipbuilding firm Sembcorp Marine has taken swift action after it uncovered a cybersecurity incident.
Malaysia’s Petronas sees energy price falls ahead as profits double
Malaysia’s Petronas reported on Tuesday that first-half net profits more than doubled on the back of higher oil and gas prices, but the state-backed energy company sees higher prices reversing next year as global supplies stabilise.
Santos takes $600m FID for offshore CCS pipeline
Santos (ASX:STO) today announced investment approval for its US$622 million Darwin Pipeline Duplication Project, located offshore Australia’s Northern Territory, as part of its Barossa gas development that will backfill Darwin LNG.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Sinopec posts record first-half profits on rising oil prices
Sinopec posted record first-half profits as higher global oil and gas prices outweighed a mixed market for fuel in China.
Harbour Energy sounds word of caution at Timpan discovery in Indonesia
UK-listed Harbour Energy (LON:HBR) has cautioned that “permeability was on the low side of expectations” at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin.
The Australian energy crisis highlights need for new gas supply
Australian east coast energy prices skyrocketed earlier this year as a winter cold snap sent gas, coal, and electricity to record-highs, triggering price caps at A$40/Gigajoule (US$27/Million British Thermal Units), around 400% above the normal A$8-10/GJ price range.
PetroChina’s profits climb to record on global energy rally
PetroChina posted its best-ever first-half earnings as the nation’s top oil and gas driller benefited from soaring global energy prices, and said that government stimulus is starting to lift Chinese oil demand.
China’s Cnooc more than doubles profits on higher oil prices
Cnooc Ltd more than doubled its first half profits from a year ago as China’s biggest offshore driller benefited from sky-high oil and gas prices.
Japan’s Mitsubishi primed to join new Sakhalin-2 LNG Russian operator
Japan’s Mitsubishi Corporation is set to issue a notice that it will join the new operating company for the Sakhalin-2 LNG export complex in the Russian Far East, reported Nikkei Asia.
ExxonMobil denies Indonesia exit plans
ExxonMobil (NYSE:XOM) has denied rumours about the US major seeking to divest its Indonesia assets.
Keppel confirms fatality after crane collapse at Singapore yard
Keppel Shipyard today confirmed the death of a worker who fell into the sea after a crane collapsed at its Tuas yard in Singapore on Monday. It is the third fatality at the yard this year.
Rumours swirl of ExxonMobil Indonesia exit
Rumours have surfaced again about ExxonMobil (NYSE:XOM) potentially seeking to divest its Indonesia assets. ExxonMobil operates the giant Cepu Block, which is Indonesia’s largest producing oil project.
Worker missing after crane collapse in Keppel yard
One worker is missing and several have been injured after a crane collapse at a Keppel shipyard in Tuas, Singapore on Monday.
Inpex and TotalEnergies win acreage for key CCS hub offshore Australia
Japan’s Inpex (TYO:1605) and partner TotalEnergies (LON:TTE) have won a key greenhouse gas storage (GHG) permit offshore Australia that could help a plan to bury emissions from liquefied natural gas (LNG) export projects in northern Australia.
$1.3bn price tag for CCS at Inpex and Shell’s Masela project
The cost to add carbon capture and storage (CCS) to the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is owned by Japan’s Inpex (TYO:1605) and Shell (LON:SHEL) is expected to cost over $1 billion.
TotalEnergies hands Clough and Technip Energies upstream FEED deal for Papua LNG
A consortium of Technip Energies and Clough will provide front-end engineering and design (FEED) services for the upstream facilities at the TotalEnergies-led Papua LNG project in Papua New Guinea.