Rosebank: Where will the oil go?
Equinor was asked that key question during a media briefing on the Rosebank oilfield on Wednesday.
exports
Hydrogen projects in Australia are struggling to lure investors
Australia has only one committed hydrogen project out of a vast pipeline of proposals worth A$266 billion ($178 billion), showing the challenge in becoming a major exporter of the zero-carbon but still unproven fuel.
Australia moves to allay Japan’s fear it will cut gas supply
Australia says it’s doing what it can to ensure supplies of liquefied natural gas (LNG) to Asian customers will remain reliable, in response to concerns producers could be forced to redirect to relieve domestic shortfalls.
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.
China to export $100bn in renewable energy technology in 2022, bright future ahead
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
One year on: exporting away from fossil fuels and towards a greener future
Just over one year ago, the UK ended financial support for fossil fuel projects overseas. This meant ending export finance, aid funding and trade promotion for new crude oil, natural gas or thermal coal projects.
World’s scramble for energy drives Australian exports to record
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster.
BP signs 5-year LNG deal with Australia’s Beach
BP (LON:BP) has signed a heads of agreement to buy 3.75 million tonnes per year (t/y) of liquefied natural gas (LNG) from Beach Energy’s (ASX:BPT) onshore Waitsia gas project in Western Australia’s Perth basin for a five-year term.
Australian LNG exports to China hit record
Australian exports of liquefied natural gas (LNG) to China hit a new record for the full year ending June 2021 despite increased trade tensions between the two nations.
Whittaker Engineering: UK has ‘perfect opportunity’ with market in Mexico
More than a decade since launching its business in Mexico, Whittaker Engineering is still, quite literally, finding new routes to explore.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
UK’s oil and gas supply chain’s eyes new low carbon export opportunities
The landmark North Sea Transition Deal document described the UK oil and gas sector as having “an international reputation for leading the world in offshore exploration and production capabilities,” going on to point out, “its supply chain services are exported around the world”.
Supply chain coming to terms with export finance support withdrawal
Pinpointing which stage of grief the UK oil and gas supply chain currently sits at it is complicated.
Oil and gas supply chain must not be sacrificed on COP26 altar
As Big Oil becomes increasingly regarded as a pariah, so attitudes are changing in a number of Western governments towards support for smaller nations looking to develop their fossil fuel resources.
China overtakes Japan as Australia’s top LNG export destination
China overtook Japan as Australia’s top LNG export destination in the financial year ending June 2021 with 29.8 million tonnes (39%) of Australian export volume, slightly more than 29.4 million tonnes (37%) recorded over the same period a year before, reported EnergyQuest.
Lifting of Iran sanctions to spark fight for oil market share in Asia
The expected return of Iranian oil to the market as US sanctions are likely to be lifted over the next year will offer new opportunities for former buyers in Asia to reshuffle their oil import mixes. Significantly, the return of Iranian barrels will trigger a fierce battle among global suppliers for market share raising the risk of price drops, reported Fitch Solutions.
Western Australia aims to export as much hydrogen as LNG by 2030
The Premier of Western Australia, Mark McGowan, told the Australian Petroleum Production & Exploration Association (APPEA) conference on Tuesday that the state’s market share in renewable hydrogen exports in 2030 should be similar to its share of liquefied natural gas (LNG) exports today.
Small North Sea start-up facing ‘frightening’ Brexit costs
The head of a small North Sea start-up company has said he is “frightened” by rising export costs due to Brexit.
Norwegian oil making competitive entry into Asian markets
Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
As Gbetiokun flows, Eland lines up exploration
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
Energy exports truck starts tour in Glasgow
A truck packed with experts ready to dish out export advice to energy sector businesses starts its tour in Glasgow today.
Oil and gas in strong showing as Scots exports rise by 19%
Scottish goods exports have risen by nearly a fifth, with oil and gas the fastest rising, according to new figures.
US expected to become net exporter of natural gas for first time in decades
The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.
National Iranian Oil Company in talks with Philippines over crude oil exports
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Crude oil exports from Mexico rose almost 22% last month
Pemex said crude oil exports rose nearly 22% in September compared to the same month last year.