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Shell reportedly weighs sale of stake in QCLNG
Royal Dutch Shell is reportedly considering selling a stake in the common facilities at its Queensland Curtis LNG (QCLNG) plant in Queensland, Australia.
Mozambique expects Rovuma LNG FID next year
Mozambique’s National Petroleum Institute has said this week that it expects ExxonMobil to make a final investment decision on the Rovuma LNG project next year. However, the super-major has dismissed the comments as speculation.
NSW CBM moratorium advances
New South Wales’ Upper House passed a controversial Bill on June 3 that seeks to ban coal-bed methane (CBM) development within the state.
PNG suspends trading of Oil Search shares
Oil Search revealed this week that Papua New Guinea’s (PNG) market regulator had ordered the National Stock Exchange (PNGX) to suspend trading of the company’s shares.
Jadestone’s first-quarter profits jump 22%
Asia-focused independent Jadestone Energy has reported a 22.4% year-on-year jump in its first-quarter net profit to $13.1mn.
Gemcorp prepares ground for Angolan oil refinery
Egypt wants more information about EuroAfrica Interconnector
Egypt wants more information about EuroAfrica Interconnector
Eskom holds coal talks, has no deadline for unbundling
South Africa’s Eskom is holding talks with seven private coal suppliers in a bid to renegotiate prices, which are at what CEO Andre de Ruyter said were “inflated above market prices.”
QP reserves South Korean LNG shipbuilding capacity in $19bn megadeal
QP has agreed to reserve LNG shipbuilding capacity with three South Korean shipbuilders in an order worth $19bn as the company pushes on with its gas expansion plans.
Pertamina, CPC close to building West Java petrochemical plant
Indonesia’s state-owned Pertamina and Taiwan’s state-run CPC are reportedly set to build joint petrochemical complex in West Java Province.
OIL struggles to cap gas well blowout
The Indian Ministry of Petroleum and Natural Gas has sent to a team to inspect state-run Oil India Ltd’s (OIL) well in Assam State, which has been leaking natural gas and condensate for more than a week.
EBRD support for green energy continues during COVID-19 crisis
Renewables energy projects have continued to be approved during the COVID-19 lockdown period, despite fears that governments would abandon climate change and sustainability and rely on tried-and-tested fossil fuels to stimulate their economies.
Asian LNG prices slump once more
The global oversupply of LNG and the destruction of Asian demand owing to the COVID-19 pandemic have sent spot prices spiralling for a second week.
Iran to build up gasoline storage
BP turns over South Caucasus Pipeline rights to Azerbaijan’s Socar as gas-to-EU ambition edges nearer
Oman starts up maiden PE unit
Nigerian President outlines grid deal with Siemens
Nigerian President Muhammadu Buhari has approved his government’s 2019 deal with Siemens to rehabilitate the country’s ailing power grid.
Russian fuel spill declared federal emergency
The Kremlin has declared a spill of diesel fuel at the power plant of Norilsk Nickel metals major in the Krasnoyarsk region as a federal emergency, and heads may start rolling as deep structural ESG dangers are exposed.
Iran ‘signs two-year deal to export electricity to Iraq’ despite 120-day length of US sanctions waiver
EOG, Parsley cautiously bring shale wells back online
As West Texas Intermediate prices stay relatively stable and rise above $36 per barrel, a couple of stronger shale drillers are indicating that they will bring some of the production they shut in back online.
Guyana forging ahead with gas-to-power project
Guyana’s government is reportedly moving forward with plans to use natural gas from the offshore Stabroek block as fuel for domestic electricity production.
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