Gas News

 

Oil Price Crash - Where Does Asia Go from Here?

Mar 17, 2020

Energy companies across the Asia Pacific responding to unprecedented challenges on multiple fronts 2020 has hit us like a fist. Coronavirus is already the most severe shock to hit the world economy since the financial crisis over a decade ago. A dramatic ramp-up in containment measures is having a negative economic effect and weaker GDP growth, and potentially global recession, in 2020 is now a reality…

Australia May Need LNG Imports from 2024

Mar 27, 2020

Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…

20 Workers Isolated at Field Feeding Nord Stream Pipeline

Mar 26, 2020

Gas giant Gazprom said on Thursday 20 workers have been quarantined at Bovanenkovo gas field, which feeds the Nord Stream pipeline and is a key source of Russian gas supplies to Europe, after contact with a person who has coronavirus.The outbreak…

Sakhalin-2 LNG Plant Ships Out 1,800th LNG Cargo

Mar 26, 2020

The Port of Prigorodnoye on the Pacific coast in the Russian Far East has loaded its 1,800th LNG cargo produced at the Sakhalin-2 LNG plant, in operation since 2009, Gazprom has informed.The LNG cargo was loaded onto the Hyundai Aquapia LNG carrier…

Mozambique Army, Islamist Insurgents Battle Near Gas projects

Mar 24, 2020

Mozambican troops battled Islamist insurgents in a town in a northern town on Monday close to billion-dollar gas projects being developed by ExxonMobil and Total, police said.The General Commander of Mozambique's police, Bernardino Rafael, said…

Equinor Setting Up 'Project' to Deal with Virus, Oil Price Effects

Mar 17, 2020

Norwegian oil and gas company Equinor is set to form what it described as a 'temporary corporate project' aimed at dealing with the effects of the coronavirus and the low oil prices.'The Coronavirus, measures to limit the spread and the significant…

Total Makes 'Encouraging' North Sea Discovery

Mar 17, 2020

Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as 'an encouraging hydrocarbon discovery'…

Chevron Wraps Sale of Malampaya Field Stake

Mar 13, 2020

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019…

Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M

Mar 12, 2020

Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…

Cooper Energy: Sole Field Gas Flows to Orbost Plant

Mar 11, 2020

Oil and gas company Cooper Energy focused on southeast Australia, has said that its Sole gas project has passed a critical milestone.The company said the milestone was achieved with the first flow of gas from the Sole gas field in the Gippsland…

CNOOC Pondering Internal Merger for Gas, Power Unit

Mar 10, 2020

China National Offshore Oil and Gas Corp (CNOOC) is set to inject its struggling natural gas terminal and power unit into its flagship listed vehicle CNOOC Ltd, three senior sources with knowledge of the matter said. The plan for the internal merger…

Serica Resumes Production from Bruce Platform

Mar 09, 2020

London-listed Serica Energy has resumed production from its Bruce platform in the UK sector of the North Sea, following a halt in January.Production was halted on Bruce while engineering work was carried out to secure an unused caisson, which was found to be in a deteriorated condition…

Worley Lands Chirag Platform Work Off Azerbaijan

Mar 06, 2020

BP-operated Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, procurement and construction services as part of a gas lift project. Under the contract, ASX-listed oilfield services firm Worley will provide engineering…

Coronavirus to Cut 2020 Oil, Gas Spend by $30B

Feb 28, 2020

The coronavirus outbreak could cut oil industry investment this year by tens of billions of dollars and delay the delivery of offshore installations currently being built at Asian yards, Oslo-based consultancy Rystad Energy predicted on Friday…

Rystad Further Cuts Oil Price Forecast

Feb 27, 2020

Norwegian energy intelligence firm Rystad Energy has further slashed its expected oil price estimates for 2020, citing the effect of the coronavirus epidemic. What is more, Rystad says another downward revision might happen soon.'As China’s…

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