Category: Asia

Asia energy

Petronas Transfers KBBC PSC Operatorship to ConocoPhillips

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — Petronas, through Malaysia Petroleum Management (MPM), marked a milestone in the strategic development of the Kebabangan Cluster Production Sharing Contract (KBBC PSC) with the official transfer of operatorship to ConocoPhillips Sabah Gas Ltd. With an export capacity up to 750 million […]

Woodside Reports 3.6% Rise in Production in 2024 Driven by Sangomar Offshore Senegal

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HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 22.Jan.2025) — Woodside Energy reported record full-year production of 194 million barrels of oil equivalent or MMboe (530 Mboe/d) in 2024, at the top end of the Australian company’s production guidance range. This is up 3.6% compared to 187 MMboe (513 Mboe/d) […]

IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — The International Monetary Fund (IMF) projects global growth at 3.3% both in 2025 and 2026, below the historical (2000–2019) average of 3.7%. Within Latin America and the Caribbean, Brazil is projected to grow 2.2% in both 2025 and 2026, while Mexico, the […]

Commentary: near-term triggers for ECA, Saguaro Energia, Vista Pacifico and Salina Cruz

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HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Jan.2025) — Natural gas-short Mexico looks to utilize its proximity to Asia to offer primarily US and Asian LNG developers optionality in placement of their LNG exports facilities outside US territory. Such a move affords them the opportunity to bypass the Panama […]

LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform

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(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. —Argentina: Vaca Muerta oil and gas production continues to rise spurring hopes of continued oil and gas exports and soon year round LNG exports

Petronas Takes FID for Hidayah Development Project

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Jan.2025) — Petronas subsidiary PC North Madura II Ltd., reached a final investment decision (FID) for the Hidayah field the development, located in the North Madura II Contract Area, East Java, Indonesia. PC North Madura II Ltd. operates Hidayah with 100% participating interest […]

Excelerate Energy Achieves 3,000th STS LNG Transfer with FSRU Excellence

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(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — On 28 Dec. 2024, The Woodlands, Texas-based Excelerate Energy, Inc. safely completed its 3,000th LNG ship-to-ship (STS) operation since the start of STS operations in 2007.  The milestone was achieved onboard Excelerate’s floating storage and regasification unit (FSRU) Excellence. The vessel received a […]

Harbin Celebrates Milestone with Fabrication of World’s Largest Impulse Runner

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(Editors at Energy Analytics Institute, 3.Jan.2025) — Harbin Electric Corporation, involved in power generation technology, achieved a significant milestone in hydropower technology with the successful welding and manufacturing of the world’s largest single-capacity and largest-sized impulse turbine runner.  The engineering feat led to the launch of the globe’s first 500 […]

Nippon and US Steel Call Biden Decision to Block Merger Unlawful

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(Nippon and US Steel, 3.Jan.2025) — Nippon Steel Corporation and United States Steel Corporation issued the following statement on US President Joe Biden’s decision to block their proposed transaction. We are dismayed by President Biden’s decision to block Nippon Steel’s acquisition of US Steel, which reflects a clear violation of […]

CNOOC Eyes 13,600 Boe/d from Panyu Project in 2025

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(Editors at Energy Analytics Institute, 1.Jan.2025) — CNOOC Limited and 80883 said that Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment Joint Development Project has commenced production. The project is expected to achieve a peak production of 13,600 barrels of oil equivalent per day (boe/d) in 2025.  CNOOC operates the […]

EAI’s 4Q:24 NRG Prospector condensed version [emagazine download]

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]

JinkoSolar Shareholders Pass All Resolutions at Annual Meeting

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(Editors at Energy Analytics Institute, 27.Dec.2024) — All of JinkoSolar Holding Co., Ltd.‘s shareholders passed the resolutions proposed at the company’s 2024 annual general meeting held on 27 Dec. 2024.  In specific, the company’s shareholders passed the following resolutions approving: ____________________ By Editors at Energy Analytics Institute. © Energy Analytics […]

US DOE Completes Update of LNG Study

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(Energy Analytics Institute, 17.Dec.2024) — The US Department of Energy (DOE) completed an update of studies that inform its public interest determination around LNG export applications to non-Free Trade Agreement Countries (non-FTA), a requirement authorized by Federal Law. The DOE has been given the responsibility by Congress under the Natural […]

U Power Launches EV Battery Power Solution in China

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(Energy Analytics Institute, 11.Dec.2024) — U Power Limited announced that the AI technology-based autonomous unmanned battery swapping logistics vehicle has been launched and has undergone road testing.  This advancement represents a key milestone in U Power’s comprehensive electrification strategy for sustainable logistics operations, achieving full coverage of autonomous battery swapping […]

TotalEnergies on Investments Related to Adani Group in India

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(TotalEneriges, 25.Nov.2024) — TotalEnergies has learnt through public announcements made by the US authorities of the indictment of certain individual Adani group executives in relation to an alleged corruption scheme linked to the business of Adani Green Energy Limited (AGEL). This indictment does not target AGEL itself, nor any AGEL […]

First RSPO IP-Certified Sustainable Palm Oil Shipped to China

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(ROSP, 25.Nov.2024) — The very first shipment of RSPO Certified Sustainable Palm Oil (CSPO) arrived at the Shanghai port today. This pioneering effort was spearheaded by Inner Mongolia Yili Industrial Group, Asia’s leading dairy brand and one of the top five globally, in partnership with Yihai Kerry Arawana Holdings Co., […]

Eni Launches Hull of Nguya FLNG in China

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(Energy Analytics Institute, 23.Nov.2024) — Italy’s energy giant Eni launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison‘s shipyard in Nantong, China.  In Congo’s Lingala language, “Nguya” means strength, energy, and the ability to deliver projects effectively, reflecting the company’s achievements through its partnership with […]

Indonesia’s Tangguh LNG project reaches $7bn FID

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Nov.2024, Words: 259) — The joint venture (JV) partners of the Tangguh LNG Project led by bp, the project operator, have reached a Final Investment Decision (FID) on the Tangguh Ubadari, CCUS, Compression (UCC) Project, a $7bn initiative. Tangguh LNG will have a […]

BW LPG Takes Delivery of BW Capella Vessel from Avance Gas

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(Energy Analytics Institute, 20.Nov.2024) — BW LPG Limited took delivery of vessel BW Capella on 20 Nov. 2024 from Avance Gas Holdings Ltd. The announcement follows on the 14 Aug. 2024 announcement from BW LPG regarding the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings […]

LG Chem and ExxonMobil Ink MOU for Lithium Offtake

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(Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate.  ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]

TotalEnergies and Oil India to Collaborate on Emissions Detection

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(TotalEneriges, 19.Nov.2024) — TotalEnergies and Oil India Limited (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India. State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at […]

Cooling the Planet: COP29 Affirms Global Climate Action

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(UNEP, 19.Nov.2024) — Following the landmark launch of the Global Cooling Pledge at COP28, ministers and leaders from over 30 countries, joined by partners from intergovernmental organizations and civil society, came together at COP29 in Baku, Azerbaijan, to chart a bold path forward for sustainable cooling. The Ministerial Roundtable on Delivering the Global Cooling […]

Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China

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(Aramco, 18.Nov.2024) —  Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]

Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success

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(Carbon Mapper, 16.Nov.2024) — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in Aug.  Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, […]

Sinopec Showcases Green Development Achievements at COP29 

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(Sinopec, 15.Nov.2024) — In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical […]

RSPO Members Adopt Principles and Independent Smallholder Standard

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(RSPO, 13.Nov.2024) — Following the annual Roundtable Conference on Sustainable Palm Oil (RT2024), RSPO Members voted to adopt the 2024 RSPO Principles and Criteria (P&C) and Independent Smallholder (ISH) Standard during the 21st RSPO General Assembly (GA21). The adoption marks a new chapter in realising the global partnership’s vision to […]

‘Micro-Documentaries’ Sound the Climate Alarm for Global South at COP29

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(Rockefeller Foundation, 11.Nov.2024) — As part of Human Development, Children and Youth, Health, and Education Day at the United Nations Climate Change Conference in Baku, Azerbaijan (COP29), a new series of micro-documentaries highlighting the effects of the climate crisis and its disproportionate impact on the Global South has been released, […]

RSPO Roundtable Calls for Bold, New Approaches to Transform Sustainable Palm Oil

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(Roundtable On Sustainable Palm Oil, 11.Nov.2024) — Building upon two decades of impact, the Roundtable on Sustainable Palm Oil (RSPO) has called for more concerted efforts to scale innovation and  drive transformative and systemic change within the sector. Supported by Thailand’s Ministry of Agriculture and Cooperatives, the RSPO’s Annual Roundtable […]

DXT Commodities Delivers First MedMax LNG Cargo to Asia

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(DXT Commodities, 7.Nov.2024) — A ceremony graciously hosted by Dongguan Daosen marked a number of milestones for the partners involved, Shenzhen Gas (via its subsidiary Sino-Benny LPG), DXT Commodities, Hartree Partners and Dongguan Energy (via its subsidiary Dongguan Daosen Natural Gas), in bringing the Dapeng Princess and her cargo from […]

Sinopec’s First Geothermal Power Production Pilot Project Connects to Grid

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(Sinopec, 6.Nov.2024) — Sinopec Star Co., Ltd., a clean energy subsidiary of China Petroleum & Chemical Corporation, has received  the grid access permit for its medium and deep geothermal power generation pilot project in Xianyang, Shaanxi Province, which is officially connected to the grid to produce power. The project, which […]

Sinopec Hosts Session at 7th China International Import Expo

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(Sinopec, 6.Nov.2024) — China Petroleum & Chemical Corporation hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from 5-10 Nov. 2024, is focused on the global energy transition and fostering an open, green, […]

TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years

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(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]

JinkoSolar on Annual Capacities: Solar Cell and Solar Module

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(Energy Analytics Institute, 30.Oct.2024) — JinkoSolar Holding Co., Ltd. expects its annual production capacity for mono wafer, solar cell and solar module to reach 120.0 GW, 95.0 GW and 130.0 GW, respectively, by year-end 2024, the company announced 30 Oct. 2024 in its 3Q:24 financial and operational statement. Additionally, as of 30 Oct., […]