(McDermott, 26.Aug.2020) — McDermott International Ltd. today announced it has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services […]
Category: Asia
Asia energy
CNOOC: Good Achievements With Cost Reduction
(CNOOC, 19.Aug.2020) — CNOOC Limited announced its 2020 interim results for the six months ended June 30, 2020. Facing the unprecedented challenges in the first […]
JinkoSolar To Supply Swan Bifacial Modules
(JinkoSolar, 18.Aug.2020) — JinkoSolar Holding Co., Ltd. signed a contract with Shanghai Electric to supply approximately 1 GW of solar modules for Phase V of […]
JinkoSolar Reveals N-Type Tiger Pro 610W At SNEC 2020
(JinkoSolar, 7.Aug.2020) — JinkoSolar Holding Co., Ltd. launched its new generation of 610W Tiger Pro High-efficiency monocrystalline TR solar module and its BIPV solutions, Building […]
ADNOC Reveals New Chinese Partner
(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum […]
Chevron Expects To Restart Train 2 Of Gorgon LNG Plant
(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing […]
Petronas New Energy Teams Up with Nefin Group
(Petronas, 20.Jul.2020) — Following the launch of its first solar rooftop solution, M+ by Petronas last year, Petronas New Energy is now set to grow […]
Liza Unity Hull Arrives In Singapore
(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted […]
JinkoSolar To Supply 126 MW Modules For Chilean Project
(JinkoSolar, 6.Jul.2020) — JinkoSolar Holding Co., Ltd. announced it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar […]
Essar Bid For Petrobras’ Bahia Refinery
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil’s Petroleo Brasileiro SA to buy the country’s second largest oil refinery, two […]
AlgaEnergy Wins Top Award At China Fertilizer Expo
(AlgaEnergy, 29.Jun.2020) — AlgaEnergy S.A. received “The Product of Great Potential” award for its plant biostimulant products at the Special Fertilizer Expo in Nanning, China, […]
Global LNG Demand Faces Seasonal Contraction
(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer […]
Gastech To Host Virtual Conference In 2020
(Energy Analytics Institute, Jared Yamin, 30.May.2020) — Gastech 2020 will now take place virtually, from 7-11 September 2020, with strategic and technical conference content streamed […]
BP Licenses PTA technology To Dongying Weilian
(BP, 28.May.2020) — Weilian Chemical is a subsidiary of Dongying United Petrochemical Co., Ltd, one of the leading manufacturers and distributors of petroleum and petrochemical […]
Petrofac Secures Iraq Extension With Basra
(Petrofac, 28.May2020) — Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing […]
NOCs To Slash Exploration Budgets
(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. […]
Bangladesh To Double Fossil Imports In A Decade
(WoodMac, 14.May.2020) — Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says […]
CNOOC Ltd Announces Key Ops Statistics For Q1 2020
(CNOOC, 29.Apr.2020) — CNOOC Limited announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 […]
JinkoSolar Files 2019 Annual Report On Form 20-F
(JinkoSolar, 27.Apr.2020) — JinkoSolar Holding Co., Ltd. announced that the Company filed its annual report on Form 20-F for the fiscal year ended 31 December […]
Noble Releases Fleet Contract Update
(Noble, 9.Apr.2020) — Noble Corporation plc announced that its report of drilling rig status and contract information has been updated as of 9 April 2020. […]
Triple Whammy: Oil Crash, Covid-19, LNG Oversupply
(WoodMac, 1.Apr.2020) — In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply […]
COP’s Exploration Strategy From Norway To Argentina
(ConocoPhillips, 30.Mar.2020) — ConocoPhillips’ exploration strategy emphasized flexibility and discovering new barrels accretive to its existing portfolio. The company’s 2019 exploration focused on select business […]
Which Supply Is Most At Risk Of Shut-in?
(WoodMac, 27.Mar.2020) — The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly […]
CNOOC: Production And Reserves Hit Record
(CNOOC, 25.Mar.2020 — CNOOC Limited announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Limited has achieved remarkable results, […]
Fuel Trickling Into Venezuela, Oil Loading
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed […]
China’s Oil Reserves To Reach 1.15bn Barrels In 2020
(WoodMac, 23.Mar.2020) — Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, […]
China “Teapot” Refiners Crank Up Run Rates
(Reuters, 11.Mar.2020) — China’s independent oil refiners are cranking up production as local governments begin to relax strict measures to contain the coronavirus and fuel […]
Ecopetrol Restricts Travel To Asia And Europe
(Reuters, 2.Mar.2020) — Colombia’s state-run oil company Ecopetrol SA placed restrictions on business travel to all Asian and European countries on Monday in response to […]
Coronavirus’ Greatest Upstream Impact: On Prices
(WoodMac, 27.Feb.2020) — The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only […]
Trina’s Module Global Shipments Exceed 10 GW
(Trina Solar, 24.Feb.2020) — Trina Solar Co., Ltd.’s global PV module shipments passed a new milestone in 2019, topping 10 GW for the year. According […]
MODEC Inks Deal By Equinor For FPSO For Brazil Field
(Modec, 30.Jan.2020) — Modec Inc. has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to supply […]
MODEC Moves On With FPSO Charter For Marlim Field
(MODEC, 30.Jan.2020) — MODEC, Inc. (“MODEC,” head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. (“Mitsui,” head office: Chiyoda-ku, Tokyo; President […]
Venezuela Oil Exports Accelerate
(Argus, 16.Jan.2020) — Venezuela kicked off the new year with at least 730,000 b/d of crude exports, led by several India-bound cargoes, according to local […]
China Scaling Back Economic Support For Maduro: Envoy
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]
Abrams Sees China Scaling Back Support For Maduro
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]
CNOOC Reveals 2020 Business Strategy, Plan
(CNOOC, 13.Jan.2020) — CNOOC Limited announced its business strategy and development plan for the year 2020. The company’s targeted net production for 2020 is 520 […]
Asia Pacific Gas, LNG: 6 Themes To Watch In 2020
(WoodMac, 13.Jan.2020) — Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020. Asian LNG spot prices to […]
Asia Eyes LatAm For Heavy Crude Amid Supply Risk
(S&P Global Platts, 8.Jan.2020) — Some Asian importers of Iraqi crude oil may scout for more heavy sour crude from Central and South America in […]
US Cuts Venezuelan Flows Plans For China, Rosneft
(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a […]
CNOOC Says Liza Field Offshore Starts Production
(CNOOC, 20.Dec.2019) — CNOOC Limited announced 20 Dec. that Liza field offshore Guyana has safely commenced production ahead of schedule. Liza Phase 1 development project […]
Asia Pacific Upstream – 5 Themes To Watch In 2020
(WoodMac, 19.Dec.2019) — Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s […]
Petrobras Prepays $5bn CDB Loan
(Petrobras, 16.Dec.2019) — Petrobras, following up on the press release disclosed on August 14, 2019, prepaid a $5 billion loan with China Development Bank (CDB), […]
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy […]
Commercial Operation Starts at Freeport LNG Project in Texas
(Osaka Gas, 10.Dec.2019) — Osaka Gas USA announced that the Freeport LNG Project in Texas, the United States, has started commercial operation for its first […]
JinkoSolar Supplies 300MW Tiger Modules In China
(JinkoSolar, 29.Nov.2019) — JinkoSolar Holding Co., Ltd. supplied 300MW of its high energy density Tiger panels for an ultra-high voltage demonstration plant in Qinghai Province, […]
Venezuela Offers Suppliers Payment In Yuan
(Reuters, Mayela Armas, Corina Pons, 28.Nov.2019) — Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China […]
Venezuela-linked Sanctions Put Floor Under Oil Spreads
(S&P Global Platts, 27.Nov.2019) — The benchmark Dubai crude futures market structure moved higher in mid-morning trade in Asia Wednesday as new sanctions imposed on […]
Ecuador Inaugurates Galapagos Photovoltaic Plant
(Energy Analytics Institute, Piero Stewart, 21.Nov.2019) — An energy storage system comprised of batteries of 2.2 megawatt hours was inaugurated on 21 Nov. 2019 on […]
JCC-indexed LNG Contracts Could Lose $15bn
(WoodMac, 21.Nov.2019) — Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in […]
Venezuela Using Invisible Oil Tankers To Skirt Sanctions
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government […]