(CNOOC, 19.Oct.2023, Words: 173) — CNOOC Limited announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered. Tangguh LNG is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs. The existing two-train facility has commenced production […]
Category: Asia
Asia energy
Jinko Solar Reveals Some Estimates of Preliminary Financial Results
(JinkoSolar, 18.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) published estimates of certain preliminary unaudited financial results for the nine months ended 30 September 2023. For the nine months ended 30 September 2023, (i) the preliminary unaudited net […]
Tania Ortiz Appointed to BODs of US-Japan Business Council
(Sempra, 10.Oct.2023) — Sempra Infrastructure, a subsidiary of Sempra, announced that its president, Tania Ortiz Mena, has been appointed to the Board of Directors for the US Chamber of Commerce‘s US-Japan Business Council (USJBC). She will also be the U.S. co-chair of the Energy and Infrastructure Working Group. “Given Japan’s heavy dependence on imported energy, the US-Japan Business Council has shown […]
Arctech Showcases Solar Tracker Products at REI Expo 2023
(Arctech, 8.Oct.2023) — Arctech, a solar tracking and racking solution provider, attended the Renewable Energy India Expo 2023 (REI Expo) in New Delhi. The expo is the largest international renewable energy professional exhibition in South Asia, spanning three days. At the exhibition, the solar tracking system SkyLine II, as a star product launched […]
New Offshore Colombian Developments Face Challenges: WoodMac
(WoodMac, 28.Sep.2023) — Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability and required infrastructure investments all make the situation uncertain, according to a recent report from Wood Mackenzie. The report finds that […]
WGC2023 Publishes Beijing Declaration
(Sinopec, 20.Sep.2023) — The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world’s first geothermal industry standards (the “Standards”) and Beijing Declaration during the closing ceremony in Beijing. The release of the Standard and Beijing Declaration is defining the principles and adding momentum to the sustainable, […]
Venture Global and Baker Hughes Expand Master Equipment Supply Agreement
(Venture Global, 5.Sep.2023) — Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Petrobras Inks Deal with CDB and Bank of China
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Investment of $27bn Needed to Mobilize Offshore Wind Supply Chain
(WoodMac, 17.Aug.2023) — The global offshore wind supply chain will require $27bn of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources. […]
Vietnam Aims to Raise Raw Rare Earths Output to 2 MMt/y by 2030
(Reuters, 24.Jul.2023) — Vietnam aims to raise its rare earths production to 2.02 million tonnes a year by 2030, according to a government plan reviewed by Reuters, as it seeks to tap one of the world’s largest reserves of key industrial metals. The Southeast Asian country has the world’s second-largest […]
Welligence Reveals LNG Outlook to 2030
(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]
Reliance and bp Start Production from KG D6 Block
(Reliance Industries, 6.Jul.2023) — Reliance Industries Limited (RIL) and bp p.l.c. confirmed the commencement of production from the MJ field, following testing and commissioning activities. The MJ field represents the last of three major new deepwater developments the RIL-bp consortium have brought into production in block KG D6 off the east […]
TGS Reveals Seismic Project in West Coast India
(TGS, 6.Jul.2023) — TGS, a provider of energy data and intelligence, announced an extensive West Coast India seismic processing project that complements the India East Coast 2D-cubed project from 2022. The project encompasses all available 2D seismic data across over three-quarters of a million square kilometers offshore India’s west coast. TGS will […]
Mexico Pacific and Zhejiang Ink Long-Term LNG SPA
(Mexico Pacific, 5.Jul.2023) — Zhejiang Energy International Limited and Mexico Pacific Limited signed a sales and purchase agreement for Zhejiang Energy to offtake 1.0 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.Under the sales […]
INEOS Energy Charters Two LNG Carriers
(INEOS Energy, 27.Jun.2023) — INEOS Energy Trading signed agreements with Mitsui O.S.K. Lines (MOL) for two new build LNG carriers, to be used for the import of LNG into Germany from the United States. Highlights — The agreements mark INEOS’ entry into the LNG carrier market. — Both vessels have […]
TotalEnergies Named Most-admired Explorer by WoodMac
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies has received […]
Cheniere and ENN Sign Long-Term LNG SPA
(Cheniere, 26.Jun.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. Under the SPA, ENN LNG […]
Maxeon Solar Ribbon Cutting Ceremony in Mexicali
(Maxeon Solar, 26.Jun.2023) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) hosted a ribbon cutting event in its recently expanded and renovated manufacturing plant in Mexicali, Baja California, Mexico. Maxeon was honored to welcome the Governor of the State, Marina del Pilar Ávila Olmeda, among other distinguished guests. Leadership members of Maxeon hosted the celebration. For […]
QatarEnergy Selects CNPC as NFE Partner
(QatarEnergy, 20.Jun.2023) — QatarEnergy signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE). The two parties signed an LNG Sales and Purchase Agreement (SPA) for the delivery of 4 million tons of LNG […]
WCI Charity to Support Communities in SE Asia
(WCI, 16.Jun.2023) — International non-profit organization Wildlife Conservation International (WCI) has announced the public launch of Forests for People, a new charitable entity in New Zealand to support and enhance the welfare of indigenous communities in Southeast Asia. The new charity can receive tax-deductible donations from individuals, businesses and philanthropic organizations in New Zealand and direct them to projects […]
QatarEnergy on First Korean LNG Vessel for Fleet Expansion
(QatarEnergy, 3.Jun.2023) — QatarEnergy celebrated the steel cutting of the first of its new generation of chartered liquefied natural gas (LNG) vessels to be constructed in a Korean shipyard. Building upon an already successful global maritime initiative, QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony […]
New EVs in Guigang City Enter ASEAN “Blue Ocean” Market
(The Publicity Department of Gangbei District, Guigang Municipality, 26.May.2023) — Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONAL INDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles in Jakarta, Indonesia. Crystal Huang, CEO of PT. DFU INTERNATIONAL INDONESIA, said that driven by the global green […]
ECV on Approval of Vietnamese Power Development Plan VIII (PDP8)
(ECV, 23.May.2023) — Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, applauds the approval of PDP8 by the Vietnamese government led by Prime Minister Pham Minh Chinh. PDP8, developed by the Ministry of Industry and Trade (MOIT), […]
Osaka Gas USA Buys Interest in Texas PV Project
(Osaka Gas, 16.May.2023) — Osaka Gas USA Corporation (OGUSA), a wholly owned subsidiary of Osaka Gas Co., Ltd. has entered into an agreement with EE North America, LLC, a wholly owned subsidiary of European Energy A/S, to acquire a 350MW, utility-scale solar project in Texas. This mid-stage solar farm will have a […]
Cheniere and KOSPO Ink Long-Term LNG Sale and Purchase Agreement
(Cheniere, 16.May.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing International LLP, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Korea Southern Power Co. Ltd (KOSPO). Under the SPA, KOSPO has agreed to purchase approximately 0.4 million […]
Venture Global Inks 20-Year LNG SPA with JERA Co.
(Venture Global, 28.Apr.2023) — Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Global’s third […]
![Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/hess-houston-source-energy-analytics-institute-c-scaled.jpg)
Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]
(Hess, 26.Apr.2023) — Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net income of $417mn, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the corporation reported net income of $404mn, or […]
Qatar Delivers First LNG Cargo to India’s Dhamra Terminal
(TotalEnergies, 17.Apr.2023) — TotalEnergies announces the delivery of a first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal, located in the state of Odisha on the east coast of India and owned and operated by Adani Total Private Limited (ATPL), a 50-50 joint venture between TotalEnergies and Adani. […]
A Supercharged China Could Turn up the Heat on Global Commodities
(WoodMac, 23.Mar.2023) — The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie. China is the largest importer […]
ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA
(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the “Certificate of Advanced Biopharmaceutical Manufacturing” from the Ministry of Food and Drug Safety in Korea and the “HA Filler GMP Certification” from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). This advanced biopharmaceutical manufacturing license was obtained in accordance […]
How the Russia-Ukraine War is Changing Energy Markets
(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]
High Quality Oil and Gas Supplies are Scarce, WoodMac Says
(WoodMac, 16.Feb.2023) — The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie. Wood Mackenzie’s analysis […]
Mobil Launches 50% Post-consumer Recycled Plastic Pails in India
(ExxonMobil, 3.Feb.2023) — Mobil™, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails drive the use of recycled plastic, helping reduce plastic waste, and enabling sustainable progress. The company’s 50% PCR pails, first […]
TotalEnergies Starts Fourth Solar Power Plant in Japan
(TotalEnergies, 1.Feb.2023) — TotalEnergies has started up commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan. The plant, connected to the electricity distribution grid, will supply its electricity to Chubu Electric Power Miraiz Co. Inc., a subsidiary of the regional utility company, through a […]
JA Solar Awarded Top Brand PV MENA for 3rd Straight Year
(JA Solar, 18.Jan.2023) — World Future Energy Summit 2023 (WFES) was held from 16-18 January 2023 at the ADNEC, Abu Dhabi, where JA Solar, a globally manufacturer of high-performance PV products, showcased its DeepBlue 3.0, DeepBlue 3.0 Pro and DeepBlue 4.0 X products at booth 8130, attracting the attention of lots […]
ExxonMobil to Divest Interest in Esso Thailand
(Exxon, 11.Jan.2023) — ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations, delivering on its commitment to strengthen value and overall competitiveness. The transaction will be executed by ExxonMobil’s […]
Venture Global and Inpex Ink LNG SPA
(Venture Global, 26.Dec.2022) — Today, Venture Global LNG and Inpex Corporation announced the execution of a long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per annum (1 MTPA) of liquefied natural gas (LNG) for 20 years. Under the agreement, Inpex Energy Trading Singapore Pte. Ltd. […]
The Price of Energy Insecurity
(IMF, 22.Dec.2022) — Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security. The ripple effects of climate change and the impacts of energy security washed across the global economy throughout 2022, leaving few safe […]
QatarEnergy Inks Deal with QPD for Offshore Developments
(QatarEnergy, 22.Dec.2022) — QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of the Al-Karkara and A-Structures oil fields, located in the territorial waters of the State of Qatar. This new 5-year agreement, which commences on 23 December 2022, succeeds […]
PGS Expands MultiClient Coverage in Sabah Province
(PGS, 19.Dec.2022) — PGS has secured pre-funding to expand MultiClient 3D coverage in the prospective Sabah platform province offshore Malaysia. The survey will cover approximately 3,500 square kilometers and Ramform Sovereign is scheduled to commence acquisition in January 2023 and the project is expected to complete in March. This survey is the […]
Deepening China-Arab Energy Cooperation Born of Win-win Scenarios
(CGTN, 9.Dec.2022) — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent […]
WoodMac’s Five Key Energy Sector Developments in 2023
(WoodMac, 8.Dec.2022) — There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs and the impact of Russia’s war with Ukraine have had a damaging impact on the global economy, but may also […]
CNOOC Says Enping 15-1/10-2/15-2/20-4 Project Commences Production
(CNOOC, 6.Dec.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South China Sea, with an average water depth of around 90 meters. The main production facilities of the project include 2 […]
Ormat Supports Taiwan Geothermal Development
(Ormat, 30.Nov.2022) — Following the commercial transfer of the 4.2MW Yilan Qingshui Geothermal Power Plant in 2021, Taiwan will have more geothermal energy. Jieyuan Energy Development, Fengyu Green Energy and ORMAT signed a three-party cooperation agreement on the 23rd, and will jointly develop geothermal power plants with an installation capacity of […]
Global Deepwater Production to Increase 60% by 2030: WoodMac
(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new report from Wood Mackenzie, a Verisk business. Wood Mackenzie’s report ‘Global deepwater 2022 state of the industry’, highlights the sector’s expansion from 6% of upstream […]
QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China
(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG to the People’s Republic of China. Under the terms of the SPA, the contracted LNG volumes will be […]
CNOOC Says Jinzhou 31-1 Gas Field Project Commences Production
(CNOOC, 17.Nov.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that Jinzhou 31-1 gas field development project commenced production. Jinzhou 31-1 gas field locates in Liaodong Bay of Bohai Sea, with an average water depth of about 30 meters. The main production facilities include 1 subsea production system, 1 submarine transportation […]
JinkoSolar’s 182mm TOPCon Module Reaches Conversion Efficiency of 23.86%
(JinkoSolar, 15.Nov.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced that following the record of maximum solar conversion efficiency of 26.1% recently set by its 182 mm and above large-size monocrystalline silicon TOPCon solar cell, the maximum solar […]
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to […]