Asia Pacific
Highlights , Field Development , Emerging Plays , Drilling
E&P: September 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.
Markets , Crude Oil
IEA: Except for China, Oil Demand Recovery Slow for Rest of 2020
China’s COVID recovery has pushed its economy but the rest of the world lags.
Liquefied Natural Gas (LNG) , Natural Gas , Midstream
US LNG Exports Rise from Coronavirus Lows as Global Gas Prices Soar
Several U.S. LNG export plants stepped up to supply more of the super-cooled fuel even though Cameron LNG's facility in Louisiana remains shut due to lingering power problems after Hurricane Laura.
Field Development
CNOOC Begins Production at Nanbao 32-2 Oil Field in China’s Bohai Bay
Peak production of about 1,800 barrels of crude oil per day is expected in 2021.
Crude Oil , Trade , International
Early Data Indicates Strong Month of US Crude Buying by China
Tentative U.S. crude cargo departures towards China currently sits at 840,000 bbl/d for the month, the second highest volume on record, according to data intelligence firm Kpler.
Renewables
China’s Energy Giants Tiptoe Into Renewables
The tentative plans laid out by PetroChina, Sinopec and CNOOC Ltd. come as global energy majors like BP Plc prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future.
Field Development
SapuraOMV Brings SK408 Fully Onstream with Bakong Startup Offshore Malaysia
The development aims to commercialize the gas reserves from Gorek, Larak and Bakong fields to help meet Asia's growing gas demand, according to the release.
Investment , Infrastructure , Renewables
Total, Macquarie to Develop South Korea Wind Projects
French energy group Total and Macquarie's Green Investment Group have concluded a partnership to develop five large floating offshore wind projects in South Korea, the firms said on Sept. 1.
Crude Oil
Saudi Arabia Slips to No. 3 in China Crude Supply for July
US imports rose 139% year-on-year.
Petrochemicals , Natural Gas liquids (NGL)
Asia to Import Record LPG in 2020 as Pandemic Boosts Demand
Households in lockdown ramped up purchases for cooking; petrochemical output has increased to make protective gear.