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).
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.
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.
Crude Oil , Midstream
China’s Oil Buying Binge to Continue in 2021
Tank operators and refiners are expected to keep stocking up.
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.
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.
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.
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.
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.
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.