Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…
Indonesia's natural gas price cap is affecting the development of gas projects as contractors are being disincentivized, an official at oil and gas regulator SKK Migas said on Thursday.The energy ministry in April lowered the price of natural…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
North Sea oil and gas operator Spirit Energy has given its York offshore gas field a new lease of life with an additional £13million (USD 16.8 million) investment. With the investment, Spirit will extend the life of the Southern North Sea offshore gas field by three years…
Malaysian oil and gas company Petronas Carigali will use Honeywell UOP modular natural gas processing technology at the Kasawari gas field offshore Sarawak, Malaysia.Honeywell UOP said Petronas would use its technology in the development of…
Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.The issue, expected to be completed in coming weeks…
BHP and the National Gas Company of Trinidad and Tobago have successfully completed negotiations for a Gas Sales Agreement for the Ruby offshore field.The Ruby oil and gas field is located in Block 3(a), off the east coast of Trinidad, and is…
Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected to book a net profit in the first half.The hit came due to the double…
Woodside Petroleum's Chief Executive Peter Coleman said the Australian firm aims to play a decisive role in Chevron Corp's plan to sell a stake in the North West Shelf (NWS) project, operated and co-owned by Woodside.Chevron last week put its…
Malaysia's Petronas said it has deferred maintenance activities at the Kebabangan gas field in Sabah, which had been originally slated for April.Malaysia implemented lockdown measures in March to curb the spread of the coronavirus.'Maintenance…
Chevron Corp aims to sell its minority stake in Australia's biggest and oldest liquefied natural gas (LNG) project, the North West Shelf, after drawing interest from potential buyers, the company said on Thursday.The move marks a long-awaited…
BP published its benchmark Statistical Review of World Energy for 2019 on Wednesday which showed that renewable power accounted for over 40% of the growth in primary energy.Here are some highlights from the report which can be downloaded here* Primary energy consumption rose by 1…
Australia's oil and gas company Santos has entered into a new gas supply agreement with Gold Fields Limited for its three gold mines in Western Australia.Santos will supply nearly 5.5 petajoules of natural gas from its Varanus Island gas plant over three years…
Japan's Inpex Corp said on Tuesday it has completed the previously launched refinancing of part of the funding for the Ichthys liquefied natural gas (LNG) project in Australia.Announcing a deal with seven export credit agencies and 28 commercial banks aimed at improving borrowing conditions…
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