Asia/Pacific
Woodside Energy Signs 10-Year LNG Supply Deal with Taiwan's CPC
Australia's Woodside Energy has signed a deal with Taiwanese state-owned natural gas firm CPC Corp. to supply LNG for a period of 10 years to Taiwan, the company said on Thursday.
Sinopec Strikes Significant Oil, Gas Flow in South China Sea Well
China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea, it said on Wednesday.
China Backs Kazakhstan's BRICS Bid, Strengthens Energy Ties
China and Russia are pushing for the expansion of the BRICS grouping, which also includes Brazil, India and South Africa, as they seek to counter Western economic dominance.
Hydrogen Sector Urges EU to Support Local Firms Against Cheaper Chinese Competitors
European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday.
Russia to Begin Exporting 10 Bcm of Gas Annually to China from Far East in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 billion cubic meters (Bcm) in 2027, its boss Alexei Miller told an annual shareholders' meeting on Friday.
Former Pertamina CEO Jailed 9 Years Over Improper Cheniere LNG Deal
A former chief executive of Indonesia's state energy firm Pertamina has been sentenced to nine years in jail for graft in a case related to a long-term contract to procure liquefied natural gas from a unit of U.S. company Cheniere Energy.
Japan's Eneos and Mitsubishi to Expand Alliance into Hydrogen and Decarbonized Fuels
Japan's top oil refiner, Eneos Holdings, and trading house Mitsubishi Corp. said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonized fuels, in addition to sustainable aviation fuel.
China's Wison New Energies to Exit Russian Projects, Impacting Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects and will immediately and indefinitely stop taking any new Russian business, the company said in a LinkedIn post.
Genting Berhad Signs $963 Million Deal for Indonesian Floating LNG Facility
Genting Berhad has signed a $962.8 million deal for a floating LNG facility from China's Wison New Energies, the Malaysian company said on Thursday.
Global News June 2024
Latest industry developments from around the world!
Indonesia to Begin Construction of 152-Mile Java Gas Pipeline in July
Indonesia plans to start in July construction of a 245-km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday.
Shell to Acquire Singaporean LNG Firm Pavilion Energy from Temasek
Shell has agreed to buy Singaporean LNG company Pavilion Energy from global investment company Temasek in a move the oil major said will strengthen its leadership position in LNG, according to statements on Tuesday.
Niger Suspends Oil Exports to China Amid Dispute with Benin
At the Agadem oilfield in eastern Niger, the minister oversaw the padlocking of a section of the 1,243-mile pipeline through which exports to China were meant to flow under a deal with state-owned oil giant CNPC.
Allseas Completes 163-Mile Barossa Gas Export Pipeline in Timor Sea
Allseas has completed the 262-kilometer (163-mile) Barossa gas export pipeline in the southern Timor Sea.
Temasek Nears Completion of Pavilion Energy LNG Sale to Shell, Sources Say
Singapore's Temasek Holdings is finalizing the sale of some assets from LNG trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.
CNOOC Announces Major Gas Discovery in South China Sea
CNOOC Ltd. has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday.
TotalEnergies Secures New LNG Contracts in Asia
TotalEnergies has announced the signing of two new liquefied natural gas (LNG) contracts in Asia, as part of its strategy to expand its LNG business.
Chinese Refiner Rongsheng Buys First Canadian TMX Crude Oil Cargo
Chinese refiner Rongsheng Petrochemical has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline from TotalEnergies through a tender, several trade sources said on Monday.
Kremlin Confident Gas Pipeline Deal with China Will Be Reached
Russia said on Monday there was no doubt it would reach an agreement with China to build the new Power of Siberia 2 gas pipeline, after a Financial Times report said the deal had stalled over Chinese price demands.
Chevron-led TCO Completes Maintenance at Tengiz Oilfield in May
TCO exports oil mainly via Caspian Pipeline Consortium's Black Sea terminal near Russian port of Novorossiisk. Some 5% of its crude exports also go through the Baku - Tbilisi - Ceyhan pipeline.
STATS Group Expands Footprint with Key Projects Across Australia and Asia Pacific
Explore STATS Group's recent milestones in Australia and Asia Pacific, from groundbreaking pipeline projects to strategic expansions, positioning the company at the forefront of energy transition efforts.
Southeast Asia's $220 Billion Gas Expansion Plans Could Hinder Energy Transition, Says GEM
Southeast Asian countries are planning to invest as much as $220 billion on a rapid natural gas expansion program that could slow the region's clean energy transition, research by Global Energy Monitor (GEM) showed on Thursday.
Russia Condemns U.S. Actions on Russia-China Trade and Oil Tankers
U.S. plans to further curb the operations of Russia's so-called "shadow fleet" of oil tankers are unacceptable and its desire to impede Russia-China trade is part of an illegal trade war, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
India's Robust LNG Imports Are Asia's Standout, But Higher Prices May Weigh
Asia's imports of liquefied natural gas (LNG) are displaying contrasting dynamics in May, with strength in usually price-sensitive buyers like India, but a softer trend in the developed economies such as Japan and South Korea.
Petronas' Bintulu LNG Facility Fully Operational After Power Disruption
Malaysian state-run Petronas said on Thursday its LNG complex in Bintulu was fully restored on Sunday, more than a week after a power loss incident disrupted normal operations.
Saudi Crown Prince Assures Japan of Stable Oil Supply Amid Postponed Visit
The crown prince told Kishida that "Saudi Arabia remains committed to the stable supply of crude oil to Japan and that Saudi Arabia would like to cooperate with Japan in other areas including the field of clean energy," it said.
Uzbekneftegaz in Talks to Join Azerbaijan's Shah Deniz Gas Project
Uzbek energy firm Uzbekneftegaz is in talks with Azerbaijan's SOCAR over joining a project to develop Shah Deniz, the largest gas field in the Azerbaijani section of the Caspian Sea, an Uzbek official said on Tuesday.
Russia Remains China's Top Oil Supplier for 12th Consecutive Month in April
Russia was China's top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices.
Putin Suggests Potential for Oil Pipeline Alongside Planned Gas Link to China
Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday. The project has taken on added urgency for Russia as it bids to ramp up gas shipments to China to make up for the collapse of its exports to Europe because of the war in Ukraine.
Global News May 2024
Latest industry developments from around the world!
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output
