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).
The company’s gas production in 2019 was at 29.67 Bcm, a jump of 7.2% from the prior year.
Development for Southeast Asia looks promising with exploration programs planned for 2021 and 2022.
The nation’s oil and gas output has been stagnant for years, forcing it to raise reliance on imports to meet rising fuel demand.
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP on Nov. 17.
Fugro and NYK Group (NYK) have signed a memorandum of understanding (MOU) on Nov. 16 to provide offshore geotechnical services in Japan.
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.
The new reserve, certified by the Ministry of Natural resources, raises the field’s total proven reserve to 114 Bcm, Sinopec said.
McDermott International Ltd. has been awarded a contract on Nov. 10 to provide FEED services for the INPEX-operated Ichthys LNG field development.