Asia Pacific

Trade , International , Tankers

Oil Shipping Rates Soar As US Supertanker Sanctions Rattle Crude Trade

Sanctions levied on Chinese shipper COSCO following charges of moving crude out of Iran.

September 28, 2019

Renewables , Subsea

Report: Australian Billionaire To Back $14 Billion Solar Power Supply To Singapore

Atlassian Corp. co-founder Mike Cannon-Brookes has pledged to help fund an ambitious A$20 billion (US$14 billion) project to supply solar power from northern Australia to Singapore by a subsea cable, an Australian newspaper reported on Sept. 25.

September 27, 2019

Crude Oil

IEA May Cut Its Oil Demand Growth Estimates If Global Economy Weakens

The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Sept. 27.

September 27, 2019

Investment , Liquefied Natural Gas (LNG)

Japan To Invest $10 Billion In Global LNG Infrastructure Projects

Industry minister announces a doubling of the country’s commitment made two years ago.

September 26, 2019

Exploration & Production

Chevron Says No Arbitration For Now Over Thai Energy Dispute

Thailand wants Chevron to pay the full decommissioning costs for infrastructure at the Erawan gas field, which it is due to hand over to Thai state oil firm PTT Exploration and Production Pcl in April 2022 when its concessions expire.

September 26, 2019

Renewables

Equinor To Cooperate With China's CPIH In Offshore Wind

Norwegian energy firm Equinor and state-owned China Power International Holding (CPIH) plan to cooperate in offshore wind developments in China and Europe, they said on Sept. 25.

September 25, 2019

Trade

US Imposing Sanctions On Chinese Entities Over Iranian Oil: Pompeo

The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran.

September 25, 2019

Field Development , Enhanced Oil Recovery

Pertamina Lines Up EOR Projects For Aging Fields

The company will use surfactant polymer injection in the Tanjung Field to pump oil from reservoirs that can’t be extracted through the conventional methods.

September 24, 2019

Field Development

CNOOC Targets 2021 Startup Of Lingshui Deepwater Gas Field

The Lingshui Field is the first deepwater gas project operated by CNOOC and a key new field to contribute to the firm’s gas output.

September 24, 2019

Liquefied Natural Gas (LNG) , Tankers

Tellurian Signs Driftwood LNG Deal With India’s Petronet

The Driftwood project includes natural gas production, gathering, processing, and transportation facilities, along with the proposed Driftwood LNG export facility.

September 23, 2019