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ONGC aims to double output by 2040

India’s state-run Oil and Natural Gas Corp. (ONGC) has unveiled plans to double its oil and gas production by 2040 while also tripling its revenue.

Conrad hires rig for two wells offshore Indonesia

Indonesia-focused Conrad Petroleum has contracted a jack-up drilling rig for a two-well programme at its Duyung production-sharing contract (PSC) after securing government approvals for the development earlier this year.

Shenzhen Gas to start up LNG terminal

Shenzhen Gas has said it will launch operations at its wholly owned liquefied natural gas (LNG) import terminal in southern China’s Shenzhen City this week.

South Korea-Japan dispute could hit kerosene trade

South Korea and Japan’s ongoing trade dispute could lead Seoul to ban kerosene exports to its neighbour ahead of the winter heating season, driving up prices for Japanese buyers in the process.

Papua LNG agreement in doubt once more

After several months of mixed messaging from the Papua New Guinea (PNG) government, the future of the Papua LNG project is once more unclear.

Belarus expects compensation for Russia's low-quality oil supplies by late 2019

Oilex files counterclaim in dispute with Timor Leste

Australian developer Oilex has filed a $23.3mn counterclaim against the Timor Leste government relating to an ongoing dispute over an offshore production-sharing contract (PSC).

Ukraine to tap Romanian gas via Moldova

Motiva to buy Port Arthur chemical plant

Refiner Motiva Enterprises is buying a chemical plant in Port Arthur, Texas, from an affiliate of Flint Hills Resources.

Russia's Gazprom could buy out largest drilling asset of Rotenbergs

Start-up milestones for Cameron LNG, Freeport LNG

The first liquefaction train at Sempra Energy’s Cameron LNG terminal on the US Gulf Coast has started commercial service, while Freeport LNG confirmed on the same day that it had also entered production.

Russian pipe major TMK posts 77% profit jump in 2Q19, no news on IPSCO deal

Power outage results in Hibernia spill

A power outage on the Hibernia oil production platform offshore Eastern Canada occurred over the weekend of August 17-18, resulting in a spill of 2,200 litres of oil into the Atlantic Ocean.

Chinese-Kazakh pipeline JV refinances debts

Gazprom chalks up progress at greenfields

Petrofac bags Absheron contract

Rosneft emerges as sole bidder for Arctic oil block

CNPC subsidiaries cancel plan to load Venezuelan crude

Two CNPC subsidiaries have dropped plans to import several cargoes of Venezuelan oil in light of the US government’s new sanctions on Caracas.

Woodfibre LNG preparing to proceed with construction

News that construction could soon begin on Woodfibre LNG is a further sign of progress, however slow, for Canada’s nascent LNG industry.

Kazakhstan launches gasoline exports to Tajikistan

Second-quarter results show shale struggles

The tough operating environment shale drillers find themselves in is being illustrated by a number of companies’ second-quarter results.

Japan’s SoftBank invests $110 in energy storage

Softbank’s $100bn Vision Fund has made its first investment in energy storage technology by backing Swiss-based energy storage start-up Energy Vault with $110mn.

EPIC begins Permian crude shipments

EPIC Midstream Holdings has started crude shipments from the Permian Basin to the Texas Gulf Coast.

India, China argue over climate change costs

India and China are leading a call by the world’s largest emerging economies for established industrialised countries to carry the costs of fighting climate change

China to step up mine safety record

China is to begin a series of safety inspections at its coal mines during September after a number of fatal accidents in recent months