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Companies & Finance

Offshore platform in China.

CNOOC to accelerate production growth

The Chinese company is planning to spend around $13 billion on upstream activity in 2020 in a bid to boost oil and gas production.

2 days ago Asia Pacific
The twon of Pemba, logistics base for the Mozambique LNG project

McDermott crisis raises questions over Mozambique LNG

McDermott’s financial difficulties could mean Saipem is left to build the Mozambique LNG project on its own, for which it may not have the resources.

19 December 2019 Middle East & Africa

Bolivian gas production and exports in figures

Bolivia’s interim administration has revised down the country’s proven gas reserves from 2017 by around 50 billion cubic metres.

13 December 2019 Americas
A gas well in China.

Sinopec sets out long-term gas ambitions in home market

China’s second-largest gas producer plans to take a larger share of its domestic market, buoyed by increasing production and favourable regulatory changes.

12 December 2019 Asia Pacific
Inpex's Ichthys LNG facility

Potential for six new trains at Darwin LNG

With strong government backing, Australia is moving swiftly to maximise a narrow window to expand LNG exports ahead of a wave of low-priced LNG from the US and other regions.

5 December 2019 Asia Pacific
An offshore platform.

Exxon abandons Aussie LNG import plans to focus on liquefaction

The company is no longer considering funding a terminal in the state of Victoria as it looks to refocus its operations on large-scale LNG export projects in the US, Mozambique, PNG and Brazil.

2 December 2019 Asia Pacific
Port Moresby, PNG

Tougher terms to cause more delays at PNG LNG

PNG’s new prime minister is clamping down on favourable terms ExxonMobil has long enjoyed for its PNG LNG project as he seeks to reap greater financial rewards for the state.

28 November 2019 Asia Pacific
Al-Hosn gas complex, Abu Dhabi

UAE moves gas expansion centre stage

The company is doubling down on developing its largely untapped gas reservoirs, although costs and technological challenges persist.

21 November 2019 Middle East & Africa
Anti-government protester in Lebanon standing in from of burning tires blocking roads.

Lebanon hastens offshore exploration campaign

Lebanon’s embattled political elites need to show a sceptical public that progress is being made in tapping offshore oil and gas blocks, but blaming IOCs looks wide of the mark.

14 November 2019 Middle East & Africa
Woodside's Pluto LNG plant in WA

Woodside eyes increased LNG exports from Western Australia

FID on a new interconnector linking the Pluto and NWS LNG plants – plus a scaling up of resources at Scarborough – indicates Woodside is focusing on boosting LNG output from Western Australia.

14 November 2019 Asia Pacific
A gas platform offshore Saudi Arabia

Gas expansion key to Saudi Aramco’s IPO

The Saudi NOC has spent recent months flagging up its gas expansion plans in a move to attract investors for its planned stock market listing.

7 November 2019 Middle East & Africa
Iron ore carrier offshore Western Australia

Woodside and Australian miners gear up for IMO 2020

Global emissions limits for shipping under IMO 2020 rules are a growth opportunity for the Aussie LNG market and a rising imperative for the country’s iron ore and coking coal exporters.

7 November 2019 Asia Pacific
ENN terminal  and vessel in Zhoushan, China

China’s ENN consolidates for competitive edge

The energy company’s move to combine its gas utility and upstream developer will create an integrated company better-positioned to compete in a future deregulated Chinese gas market.

7 November 2019 Asia Pacific
Port Kembla, New South Wales.

Supply crunch in eastern Australia boosts new FRSUs

Persistent concerns about supply constraints and rising prices for gas in eastern Australia continue to support the business case for LNG import infrastructure.

31 October 2019 Asia Pacific
Storage tanks and pipeline at PNG's Gobe gas processing plant

Papua LNG still aiming for first gas in 2025

Despite earlier delays, Total and Oil Search are expecting to enter FEED on their $14-billion Papua LNG project around year-end.

25 October 2019 Asia Pacific
A platform in the South China Sea.

CNOOC’s capex hike unleashes domestic gas output growth

The company’s latest update on its production and sales of oil and gas shows it is working flat out to boost domestic output.

25 October 2019 Asia Pacific
Gas storage tanks in China

China gas distributors on track to meet double-digit growth targets

The country's largest city gas distributors look set to extend strong sales growth for H1 into H2 as the domestic market gears up for its peak demand season.

21 October 2019 Asia Pacific
South Pars Phase 12

Tehran must go it alone to develop discoveries

Iran will have to rely on domestic resources to develop its new fields as appetite from foreign investors has dwindled as a result of US sanctions.

17 October 2019 Middle East & Africa
Darwin LNG

Darwin set to expand as Santos buys out Conoco

Following a period of belt-tightening, Australia’s second-largest gas group is expanding its asset base as it looks to raise its profile in the international LNG market.

17 October 2019 Asia Pacific
Russian President Vladimir Putin with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan.

Lukoil’s Ghasha stake boosts UAE’s sour gas plans

The arrival of the Russian company completes the tendering process for the concession and is positive for the UAE’s plans to commercialise its technically challenging offshore reserves.

16 October 2019 Middle East & Africa

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