Asia Pacific

Natural Gas

US Natural Gas Futures Slide 3% on Milder Weather, Higher Output

U.S. natural gas futures fell 3% on Nov. 27, weighed down by forecasts for warmer-than-usual weather and a steady rise in production. Front-month gas futures for January delivery slipped 8.8 cents, or 3%, at $2.873 per million British thermal units (Btu) by 10:07 a.m. EST (1507 GMT).

November 27, 2020

Exploration & Production

Sinopec Plans to Produce Over 30 Bcm of Natural Gas in 2020

The company’s gas production in 2019 was at 29.67 Bcm, a jump of 7.2% from the prior year.

November 19, 2020

Deepwater , Seismic

E&P Regional Report: Wet Gas Prospect Spurs Resource Development in Andaman Sea

Development for Southeast Asia looks promising with exploration programs planned for 2021 and 2022.

November 19, 2020

Crude Oil , Midstream

China’s Oil Buying Binge to Continue in 2021

 Tank operators and refiners are expected to keep stocking up.

November 18, 2020

Exploration & Production , Technology

Indian Oil Firms Need to Bring in Foreign Players to Unlock Resources

The nation’s oil and gas output has been stagnant for years, forcing it to raise reliance on imports to meet rising fuel demand.

November 17, 2020

Seismic

CGG Wins Offshore Malaysia Seismic Reprocessing Contracts from PTTEP

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP on Nov. 17.

November 17, 2020

Investment , Renewables , Digital Oilfield

Fugro, NYK Set to Expand Offshore Wind Geotechnical Services in Japan

Fugro and NYK Group (NYK) have signed a memorandum of understanding (MOU) on Nov. 16 to provide offshore geotechnical services in Japan.

November 16, 2020

Trade , International , Acquisitions & Divestitures

Australia-China Row Halts Woodside LNG Asset Sale

Woodside Petroleum had been in talks with China's national oil firms, including PetroChina, and second-tier firms to sell a modest stake in the linked Scarborough gas field and Pluto LNG Train 2 project.

November 12, 2020

Unconventional

China’s Sinopec Adds New Gas Reserve at Large Sichuan Field

The new reserve, certified by the Ministry of Natural resources, raises the field’s total proven reserve to 114 Bcm, Sinopec said.

November 12, 2020

Umbilical , Risers , Flowlines

McDermott Wins FEED Contract for Ichthys Gas Field Development

McDermott International Ltd. has been awarded a contract on Nov. 10 to provide FEED services for the INPEX-operated Ichthys LNG field development.

November 10, 2020