Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes…
Indonesia hopes the recent exit of global giants Shell and Chevron from two long-delayed natural gas projects will jumpstart their development, as it races to more than double gas production by 2030.The Masela and Indonesia Deepwater Development (IDD) projects…
Chevron faces the prospect of work stoppages or even an all-out strike at Australia's second-largest liquefied natural gas (LNG) plant at Gorgon and at its Wheatstone operations after voting opened on Friday for a union ballot. Australia is one of the largest exporters of LNG to the world…
The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel.Unions at Woodside Energy Group's…
Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents higher to $85.47 a barrel by 1326 GMT…
Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…
BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%.Rivals Chevron, Exxon Mobil, Shell…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
Dutch oil and gas services company SBM Offshore reported on Thursday half-year earnings before interest, tax, depreciation, and amortization (EBITDA) that missed consensus estimates and fell below the level seen a year earlier.The group, which supplies and operates floating production…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
A recent ownership shakeup at two major Indonesian gas projects has injected renewed hope in the country's upstream gas sector, as the country hopes to tap into its rich hydrocarbon resources amid global energy transition, but barriers remain…
INPEX Operations Australia, an Australian subsidiary of the Japanese firm INPEX, has exercised an option to extend the contract for the ultra-deepwater semi-submersible rig Noble Deliverer for drilling at the Ichthys field in the Browse Basin offshore Western Australia…
Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert threatened strikes at gas facilities that together supply about 10% of the global LNG market.Concerns over potential industrial action at three Australian LNG operations - North West Shelf…
Shell has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract and the associated Abadi gas project.The 35% interest in the deepwater block will be sold to Indonesia’s PT Pertamina Hulu Energi and Petronas Masela…
Exxon Mobil Corp joined its rivals in reporting a 56% slump in second-quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month.Oil majors' profits…
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