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Chevron and its partners in the giant Gorgon LNG project in Australia will buy carbon credits likely worth more than $183mn to compensate for failing to meet carbon capture targets.
India’s Reliance Industries Ltd (RIL) is exiting the US shale industry via a sale of its assets in the Eagle Ford play in Texas to Ensign Natural Resources.
Australian independent Santos has successfully drilled the Tanumbirini 3H (T3H) well in the EP 161 shale gas play in the Northern Territory.
State-owned China National Petroleum Corp (CNPC) has entered a state of emergency at its Beijing offices after four employees tested positive for coronavirus (COVID-19), the Global Times reported on November 11.
Papua New Guinea’s (PNG) National Court has given Oil Search the green light to hold a shareholder vote on its proposed merger with Santos.
Indonesia’s state-owned Pertamina has estimated that installing the country’s first two carbon capture storage (CCS) projects could cost as much as $500mn.
The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.
State-run Oil India Ltd’s (OIL) profit more than doubled in the third quarter of this year, owing to both a surge in crude prices as well as stronger oil and gas production.
US super-major ExxonMobil has made a final investment decision (FID) on a multi-billion dollar petrochemical project in southern China.
Leading US LNG producer Cheniere Energy has struck a deal to supply the super-chilled fuel to China’s Sinochem Group on a long-term basis. The supply agreement is the latest in a series announced between US LNG producers and Chinese buyers.
South Korea’s POSCO International has submitted a new bid for Senex Energy that has finally won the backing of the Australian developer’s board.
Indonesia’s state-owned Pertamina said this week that it had exceeded its natural gas production target for the first nine months of the year.
Malaysia’s state-owned Petronas has awarded a production sharing contract for offshore Block PM524 to a joint venture led by South Korea’s POSCO International.
The country’s power generators are looking to fire up their oil generators as they baulk at near-record spot LNG prices.
Australian independent Jade Gas intends to start its six-well appraisal programme at the Tavantolgoi XXXIII (TT) coalbed methane (CBM) project in Mongolia this month.
The Indian government’s ongoing quest to improve upstream performance has circled back once more to the idea of forcing state-run Oil and Natural Gas Corp. (ONGC) to relinquish control of several of its production assets.
The Vietnamese government has warned that a years-long decline in national oil production will speed up in 2022, with output predicted to slump by almost 18%.
Santos and Beach Energy have reached a final investment decision on their $165mn Moomba carbon capture and storage project in South Australia.
Venture Global LNG is preparing to begin commissioning on its Calcasieu Pass liquefaction plant in Louisiana after striking three supply deals with China’s Sinopec.
Malaysia’s state-run Petronas has called for expressions of interest (EoIs) to conduct a feasibility study for a new liquefied natural gas (LNG) storage tank in the south of Johor State.
Italian major Eni’s deepwater Merakes natural gas field offshore Indonesia may not produce at full capacity for up to six months following technical difficulties at one of its five wells, upstream regulator SKK Migas warned this week.
Guyana is prepared to resume talks with India on future crude oil deliveries, the country’s Vice-President Bharrat Jagdeo has said.