Santos has approved final investment for its $3.6 billion Barossa gas and condensate project off Australia’s Northern Territory that is targeting production in 2025. The go-ahead marks the biggest investment in Australia’s oil and gas sector since 2012.
Japanese trading house Mitsubishi and state-owned energy agency Jogmec are exploring potential blue ammonia output with Indonesian producer Panca Amara Utama (PAU).
Australia’s Santos has awarded the biggest contract tied to its $3.6 billion Barossa liquefied natural gas (LNG) project in northern Australia that will backfill Darwin LNG. This offers a strong signal that a final approval for the scheme is imminent.
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
Hydrogen is building momentum as a key energy carrier in the global effort to reach net-zero CO₂ emissions by 2050.
EDF Energy looks set to make Mitsubishi Corporation an equity partner at its planned £2 billion wind farm project off Scotland’s east coast.
Mitsubishi Corp. will shut its Singapore-based oil unit after saying a rogue trader lost about 34.2 billion yen ($314 million) in unauthorised transactions.
Offshore wind giant Orsted has announced that it has signed an agreement to sell of more than £470 million in transmission assets at its Race Bank Offshore Wind Farm.
A north-east technology firm has entered into a pact expected to lead to the award of a multi-million pound deal for pipeline work in Russia’s Far East.
Wind turbine manufacturer Vestas is set to "outperform" the market in 2020, according to energy research firm Macquarie.
The UK Government has agreed to pay up to £400million in oil and gas decommissioning relief to one of Japan’s largest trading companies.
The Decommissioning Relief Deed dates back to a statement by the then Chancellor of the Exchequer, George Osborne, in September 2013.
European renewable energy projects accounted for 96% of Chinese investment in 2018, according to a new report by professional services firm EY.
Japan's Mitsubishi Corporation is to acquire a 20% stake in British energy supplier Ovo for around £200 million to fund its international expansion.
Shell's decision to sanction a£23 billion Canadian LNG project could signal the return of "mega-projects", an analyst has said.
ExxonMobil and Mitsubishi Heavy Industries (MHI) have formed a partnership to develop and explore new applications for their latest H-100 gas turbines as well as develop compressor technologies to reduce liquefied natural gas (LNG) unit costs.
Russian gas company Gazprom, a leading shareholder in Russia's sole liquefied natural gas (LNG) plant, Sakhalin-2, hopes to be able to answer questions about the plant's expansion next year, deputy chief executive Alexander Medvedev said on Tuesday.