Asia/Pacific

Indonesia Launches First Carbon Storage Project in West Papua

Indonesia's President Joko Widodo on Friday launched construction of a carbon capture, utilization and storage (CCUS) project in West Papua province operated by BP Plc, the country's first carbon storage project.

Tankers Newly Sanctioned by US Supplied Russian Oil to India

Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp., the country's top refiner, in recent months, according to ship tracking data from LSEG, Kpler and trade sources.

Japanese Firms, Petronas to Launch CO2 Storage Project by Late 2028

Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas which should start holding its first carbon dioxide (CO2) emissions from end-2028, Japan Petroleum Exploration Co. said on Monday.

Texas Men Convicted in Attempted Sale of Iranian Petroleum, Face 45 Years in Prison

A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed by Washington and of conspiracy to commit money laundering, the Justice Department said on Friday.

Japan's Okinawa Electric Plans to Trial Using Hydrogen at Gas-Fired Power Plant

Japan's Okinawa Electric Power plans to start co-firing hydrogen on a trial basis at a commercial gas-fired power plant from March in a bid to reduce carbon dioxide (CO2) emissions, its president said on Friday.

Global News November 2023

Latest industry developments from around the world!

Serbia Signs Gas Supply Deal with Azerbaijan

Serbia signed a deal with Azerbaijan to purchase 400 million cubic meters of natural gas per year from 2024, Azerbaijan's energy ministry said on Tuesday.

Sinopec Signs New 27-Year LNG Supply Deal with QatarEnergy

Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project, which will supply 3 million metric tons of LNG per year to Sinopec.

Cheniere Inks 20-Year LNG Supply Deal with China’s Foran Energy Group

(P&GJ) — Under the deal, Foran has agreed to purchase approximately 0.9 million tonnes per annum (MTPA) of LNG for 20 years from Cheniere Energy.

Shell to Sell Pakistan Unit to Saudi Firm

Shell Pakistan's operations include more than 600 mobility sites, 10 fuel terminals, a lubricant oil blending plant and a 26% shareholding in Pak-Arab Pipeline Company Limited.

Industry Insiders See Major Risks Associated With Potential Russia-China Natural Gas Pipeline

Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.

Construction of Mongolian Part of Russian Gas Pipeline to China May Start in Early 2024

Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.

Singapore LNG to Develop Country's Second LNG Terminal

Singapore LNG Corp. (SLNG) will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5 million tons a year, it said on Tuesday.

Russia’s Gazprom Working on Infrastructure Design for Far Eastern Gas Pipeline to China

Russian energy giant Gazprom said on Thursday that it was working on the design of infrastructure for a gas pipeline from the Sakhalin region in Russia's Far East to China.

Global News October 2023

Latest industry developments from around the world!

China's CNOOC, French Energy Firm Engie Complete Yuan-Settled LNG Trade

Chinese national oil company CNOOC and French energy company Engie have completed a yuan-settled LNG trade through the Shanghai Petroleum and Natural Gas Exchange.

ADNOC Gas Signs LNG Supply Deal with Japan's JERA

Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a two-year LNG agreement valued between $500-700 million, the companies said on Wednesday.

Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China

Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."

India Wants Saudi Aramco to Develop Strategic Petroleum Reserve as Ties Strengthen

India wants Saudi Arabia's Aramco to participate in its planned 6.5 million metric tons strategic petroleum reserve program as the South Asian nation intends to strengthen ties with its key oil supplier.

UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines

Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.

Global News September 2023

Latest industry developments from around the world!

ADNOC Gas Awards $600 Million Carbon Capture Contract to Petrofac

U.K. oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbon capture and storage (CCS) project, as the Abu Dhabi-based company steps up its decarbonization plan.

Eni Makes Major Gas Discovery in Indonesia

Italian energy group Eni has made a significant gas discovery in Indonesia, opening the door to strengthening its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.

QatarEnergy, Korea's HHI Sign $3.9 Billion Deal for 17 LNG Carriers

QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.

Petronas, MOL, MISC to Develop Liquefied CO2 Carriers for CCS Projects

(P&GJ) — Petronas CCS Ventures Sdn Bhd has signed an agreement with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad to jointly invest in developing and monetizing Liquefied Carbon Dioxide (LCO2) carriers for Carbon Capture and Storage (CCS) projects in Malaysia.

Japan's Mitsui to Comply with Arctic LNG 2-Related U.S. Sanctions

Japan's Mitsui said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake.

PipeChina Starts Laying Second Gas Line Linking Sichuan to East Coast

The new line will be built in phases. Under the first stage, PipeChina will lay a 1,576-km (979 miles) western section, including 12 branches, crossing the Chongqing municipality and provinces of Sichuan and Hubei.

Gazprom Delivers Its First LNG Cargo to China Via Arctic

Russian energy giant Gazprom delivered its first cargo of LNG via the Arctic Northern Sea Route to China on Thursday, according to LSEG data, a month after it started the delivery.

Russia Finalizing Power of Siberia-2 Gas Pipeline Route to China, Novak Says

Russia is finalizing the route of the China-bound Power of Siberia-2 gas pipeline, which is intended to traverse Mongolia, Deputy Prime Minister Alexander Novak wrote in the energy ministry's in-house magazine, published on Wednesday.

Ten Workers Killed in Gas Accident in China's Inner Mongolia Region

Ten people were killed, and three others were injured in a gas accident at a workshop in Ordos in China's northern Inner Mongolia region, state broadcaster China Central Television (CCTV) said on Friday, citing local authorities.