Shell completes Malampaya gas divestment in Philippines
Shell (LON:SHEL) has completed the sale of its Malampaya gas field in the Philippines to Prime Infrastructure Capital following regulatory approvals and consent from joint venture partners.
Gas
Putin welcomes friendly countries, China and India, to invest in Russia’s gas and LNG business
Russian President Vladimir Putin intends to allow companies from friendly countries, such as China and India, to invest in its gas and LNG business, as Western firms retreat.
Baron Oil share price surges as expectations of big gas find rise off East Timor
UK-listed Baron Oil (LON:BOIL), which operates TL-SO-19-16 PSC offshore East Timor via its subsidiary SundaGas, has significantly boosted its aggregate gas-in-place and recoverable gas resource estimates after reprocessing the Chuditch 3D seismic data.
Sinopec makes major shale gas discovery in China
China’s Sinopec said it has discovered major shale gas reserves in the Jinshi 103HF exploratory well in the country’s Sichuan basin.
Australia joins pledge to cut methane emissions 30% by 2030
Australia joined the Global Methane Pledge, becoming one of the last major developed economies to sign on to an effort to reduce emissions of the potent greenhouse gas 30% from 2020 levels by the end of this decade.
CNOOC says it finds first deep-water gas field in South China Sea
The Baodao 21-1 gas-bearing structure is the first large-scale deep-water natural gas field in the South China Sea with proved gas in place of over 50 billion cubic metres, reported Chinese national oil company CNOOC Limited.
More Australian LNG needed for Asia’s energy transition
Citing a recent report from the International Energy Agency (IEA), the Australian Petroleum Production & Exploration Association (APPEA), notes that Australian exports of liquefied natural gas (LNG) to Asia would need to triple to support the region’s energy transition.
UN manipulates climate change debate in partnership with Google
Melissa Fleming, UN under-secretary-general for global communications reported last month about how the UN has partnered with Google (NASDAQ:GOOGL) to manipulate search results on climate change. “We own the science,” said Fleming, who has no meaningful scientific training.
China won’t rush its clean energy transformation, Xi says
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets.
Cnooc’s profits surge again as higher oil prices persist
Cnooc Ltd said that net income probably more than doubled in the first nine months of the year, as China’s biggest offshore oil and gas driller continues to reap the benefit of higher energy prices.
UK seeks 20-year gas deal with Norway to avoid winter blackouts
The UK is on the cusp of securing a natural gas contract with Norway for as long as 20 years in a bid to stave off the risk of winter blackouts, people familiar with the matter said.
China rattles Japan with oil rig in maritime spat
China has installed a new oil and gas production platform near the median line with Japan in the East China Sea, reported the Asia Maritime Transparency Initiative (AMTI), sparking Tokyo’s anger.
TotalEnergies CEO doubles down on renewables amid a global energy crisis
TotalEnergies chief executive Patrick Pouyanne is bullish on pushing his company into renewable energy even as the Russian invasion of Ukraine shakes up the global energy market.
PNG offers gas investment priority to Japan for energy security
Papua New Guinea (PNG) offered Japanese companies favoured access to new gas field development opportunities and liquefied natural gas (LNG) processing projects in trade talks that focused on energy security, PNG Prime Minister James Marape said, reported Reuters.
PNG offers Santos $1.4bn for 5% share of ExxonMobil-led PNG LNG
Santos (ASX:STO) has confirmed that it has received a US$1.4 billion offer from Papua New Guinea’s (PNG’s) national oil company Kumul Petroleum to acquire a 5% interest in the ExxonMobil-operated PNG LNG export complex from the Australian company. Crucially, the deal, if it goes through, will help Santos’ strategic about face towards oil in Alaska.
Santos’ Barossa could face two year delay leaving Darwin LNG empty
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Smoke and mirrors in Indonesia as giant gas projects struggle
Indonesia has an ambitious target to almost double natural gas production from 6.5 billion cubic feet per day (cf/d) to 12 billion cf/d by 2030. Hitting that goal means giant undeveloped gas projects, such as Inpex’s Masela and Chevron’s IDD, must proceed rapidly.
As demand surges Indonesia needs radical action and $200bn investment to revive upstream oil and gas
Unlike most governments in the economically developed Western world, Indonesia’s leaders are crying out for more upstream oil and gas investment. However, even as demand is projected to rise up to four times by 2050, Southeast Asia’s biggest economy is struggling to convince energy investors to come.
Court orders Santos to stop drilling at $3.6bn Barossa gas project
Santos has been ordered to stop drilling at its $3.6 billion Barossa gas project off northern Australia by a Federal Court following a successful challenge from an indigenous group against environmental approvals for drilling and completion activities.
Harbour aims to expand Natuna Sea A Block as Singapore gas demand surges
UK-based Harbour Energy (LON:HBR) is aiming to develop more fields in its Natuna Sea A Block, that is a major gas supplier to Singapore. Harbour is seeing demand surge from the city state for piped supplies from its Indonesia block as global liquefied natural gas (LNG) spot prices remain elevated.
Harbour close to Vietnam sales deal for Tuna gas from Indonesia
UK-based Harbour Energy (LON:HBR) is close to finalising a supply deal with Vietnam for natural gas from its proposed Tuna gas development in the Natuna Sea offshore Indonesia.
Petronas, Mubadala and Shell strike gas offshore Malaysia
Petronas today announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kilometres off the coast of Bintulu, Sarawak, offshore Malaysia.
Chevron to assess exploration potential in India with ONGC
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
Origin sells promising shale gas patch in Australia as climate pressures rise
Origin Energy will sell its interests in Australia’s Northern Territory Beetaloo basin - where expectations are high that the area could be on par with shale gas plays in North America – in a A$60 million (US$40.3 million) deal with Tamboran (B1), a joint venture owned by Tamboran Resources (ASK:TBN) and US oil and gas billionaire Bryan Sheffield.
Indonesia-focused Conrad set for Australia IPO
Indonesia-focused oil and gas company Conrad Asia Energy is preparing an initial public offering (IPO) on the Australia Stock Exchange to raise some A$45 million (US$30.3 million) as it seeks to develop its Indonesia upstream business.