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.
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.
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.
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.
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.
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.
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.
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.
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.
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.