Asia/Pacific
Indonesia's Pertamina Starts Carbon Injection Tests in Sukowati Field
Indonesia state energy firm Pertamina has started an underground carbon injection trial in Sukowati field, the second site the company is testing for carbon capture, utilization and storage (CCUS).
Shell Shortlists CNOOC and Vitol for Singapore Assets Sale
Shell has shortlisted at least four companies including state-run China National Offshore Oil Corp. (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.
China Introduces Simplified Regional Pricing System for Natural Gas Transportation
China will simplify freight rates on its natural gas pipeline network by introducing a "one area, one price" system across four broad areas of the country, according to a document released by the state planner on Tuesday.
India Energy Week to Showcase India’s Leadership in the Global Energy Landscape
(P&GJ) — The second edition of India Energy Week (IEW) will be hosted in Goa from February 6th to 9th 2024, by the Federation of Indian Petroleum [FIPI] Industry, under the aegis of Ministry of Petroleum and Natural Gas, Government of India.
Cambodia Scraps Coal Power Project to Build Gas-Fired Plant, Import LNG
Cambodia has abandoned plans to build a $1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.
Japan Approves JERA Plan to Keep Surplus LNG in Winter
Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions, its minister said on Friday.
Indian Oil Plans to Double Ennore LNG Terminal's Capacity
Indian Oil Corp., the country's top refiner, aims to double the capacity of its LNG import terminal at Ennore in southern India, Sandeep Jain, the company's executive director for gas business, said on Friday.
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.
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