Category: Asia

Asia energy

MODEC on Development of Methane Hydrate Harvesting Technology

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(MODEC, 27.Oct.2022) — MODEC, Inc. President & CEO: Takeshi Kanamori has been participating in the elemental technology development related to the development of shallow methane hydrate harvesting technology conducted by the National Institute of Advanced Industrial Science and Technology (“AIST”) commissioned by the Agency for Natural Resources and Energy, Ministry […]

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

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(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower global economic forecast amid ongoing uncertainties and rising challenges impacting major economies. OPEC forecasts oil demand to reach 99.7 MMb/d […]

Chevron and MOECO to Collaborate on Advanced Geothermal Technology

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(Chevron, 26.Sep.2022)— Chevron New Energies International Pte, Ltd., and Mitsui Oil Exploration Co., Ltd (MOECO) announced the signing of a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Building on Chevron and MOECO’s long-standing relationship, the new collaboration will study geothermal […]

Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore

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(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore. The consortium intends to research, test, and […]

Pattern Closes Financing of Japan’s Largest Offshore Project

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(Pattern Energy, 9.Sep.2022) — Pattern Energy Group LP and its affiliate in Japan, Green Power Investment Corporation (GPI), has completed financing and begun full construction of its 112 megawatt (MW) Ishikari Offshore Wind project, located approximately three kilometers from the shore of the Ishikari Bay in Hokkaido, Japan. Ishikari Wind will feature […]

Web Influencers Visit Yangtze River Ecological Conservation

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(Chinese Sturgeon Research Institute, 2.Sep.2022) — Recently, the ambassadors to China from Brazil, Georgia, Guatemala, Italy, Mexico, Pakistan, South Korea, Spain, and the United Kingdom, as well as online influencers and journalists from foreign media organizations, visited the Yangtze River Rare Fish Conservation Center (Chinese Sturgeon Research Institute) and the Yangtze River Rare Plant Research Institute in […]

EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]

Essar Inks $2.4bn Sale Pact with AM/NS for Infra Assets

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(Essar, 26.Aug.2022) — In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 Joint Venture partnership, for […]

New Pacific Reports Financial Results

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(New Pacific, 25.Aug.2022) — New Pacific Metals Corp. reports its financial results for the three months and year ended June 30, 2022.  All figures are expressed in US dollars unless otherwise stated. FISCAL 2022 HIGHLIGHTS Commenced the 2022 drill program at the Silver Sand Project which includes resource infill drilling to improve […]

Subsea 7 Awarded Floating Wind FEED Contract in South Korea

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(Energy Analytics Institute, 18.Aug.2022) — Subsea 7 was awarded a floating wind FEED contract by Corio and TotalEnergies for a floating wind development in South Korea. The project, the Gray Whale 3 project, is a 504MW development located some 60 to 70 kilometers offshore from Ulsan, Subsea 7 announced 18 […]

Siemens Gamesa Inks new Partnership with Azure Power in India

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(Siemens Gamesa, 12.Aug.2022) — Siemens Gamesa has secured its first order in India with Azure Power India Private Limited to supply 96 SG 3.6-145 wind turbines for a 346 MW project in the state of Karnataka. Highlights: The 346 MW contract brings the total order intake for the Siemens Gamesa 3.X platform in India over the 1.4 GW mark, underscoring customer […]

Petronet Says Dahej Terminal Processed 196 TBTU of LNG in Recent Quarter

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(Petronet, 5.Aug.2022) — During the quarter ended 30 June, 2022 (current quarter), Petronet LNG Ltd.,’s Dahej terminal processed 196 TBTU of LNG as against 194 TBTU processed during the corresponding quarter ended 30 June, 2021 and 178 TBTU processed during the previous quarter ended 31 March, 2022. The overall LNG volume processed […]

Petronet Delays Plan for 1 mtpa LNG Deal Amid High Prices

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(Reuters, 5.Aug.2022) — India’s top gas importer Petronet LNG has pushed back plans for a 1 million tonnes per annum (mtpa) liquefied natural gas (LNG) import deal after a surge in global prices, its head of finance Vinod Kumar Mishra said. “If you go for any long term contract it […]

PTTEP Approves Interim Dividend Payment at THB 4.25/share

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(PTTEP, 1.Aug.2022) — PTTEP revealed its first-half of 2022 operating results with an increase in average sales volume primarily from Oman Block 61 Project and G1/61 Project. During the period, the company has accelerated the execution of G1/61 Project work plan for raising up gas production rate to ensure national […]

Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement

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(Cheniere, 26.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited (“PTTGL”), a wholly-owned subsidiary of PTT Public Company Limited (“PTT”), Thailand’s largest […]

Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement

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(Cheniere, 20.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of PetroChina Company Limited. Under the SPA, PetroChina subsidiary PetroChina International Company Limited (PCI) has agreed […]

China’s LNG Imports to See Unprecedented Decline in 2022 

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(WoodMac, 19.Jul.2022) — China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie a Verisk business (Nasdaq:VRSK). After a solid growth in 2021, China’s gas and LNG demand is expected to slow down […]

JinkoSolar Announces up to $200mn Share Repurchase Program

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(JinkoSolar, 6.Jul.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its board of directors has approved a share repurchase program, which authorizes the company to repurchase up to $200mn of its ordinary shares represented by American depositary shares (“ADSs”) during an 18-month period. The company’s proposed repurchases may be made […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group

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(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas

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(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project […]

LG Energy Partners with Compass Minerals to Enhance Supply Chain Flow

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(LG Energy Solution, 29.Jun.2022) — LG Energy Solution (LGES; 373220) is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to satiate the growing market demand. LGES has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a leading […]

ExxonMobil, CNOOC and Shell to Pursue CCS Hub in China

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(Exxon, 27.Jun.2022) — ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China. Highlights: — Agreement initiates […]

JinkoSolar Reveals its First Overseas “RE100 Factory” Completely Powered by RenewablesïżŒ

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(JinkoSolar, 15.Jun.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its Malaysia factory has become its first overseas “RE100 factory” fully powered by renewables. 100% of the electricity consumed in production and operation activities supporting roughly 7GW vertically integrated […]

Adani and TotalEnergies to Create World’s Largest Green Hydrogen Ecosystem

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(Adani Group, 14.Jun.2022) — Adani, India’s fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The […]

Sercel Equips New Vessel in South Korea with Marine Acquisition System

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(CGG, 13.Jun.2022) — CGG announced today that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader. The contract calls for the supply of a Seal 428 recording system, including SentinelÂź streamers, a NautilusÂź streamer positioning system, and G-Source II high-performance […]

Siemens Gamesa Clocks Deal for Platform in India with Vena Energy

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(Siemens Gamesa, 10.Jun.2022) — Siemens Gamesa signed a deal with Vena Energy to supply its industry leading 3.X platform turbines to a 133 MW wind project in Koppal District, Karnataka, India. In total, the company will deliver 37 SG 3.6-145 wind turbines for this project with installation expected during Siemens […]

Shell Sanctions Crux Gas Project 

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(WoodMac, 30.May.2022) — Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.   Wood Mackenzie research analyst Michael Song said: “The development is expected to cost US$2.5bn, and will produce 1.6 tcf gas, 60 mmbbl of condensate and 40 mmbbl of LPG. Crux will be produced […]

TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation

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(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global […]

NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

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(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]

LNG Contracting Off to Fast Start in 2022 with More Than 10 mmtpa Signed

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(WoodMac, 16.May.2022) — Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Wood Mackenzie principal analyst Daniel Toleman […]

NRGBriefs: Touchstone’s Strongest Quarter; JinkoSolar Files Form 20-F

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(Energy Analytics Institute, 13.May.2022) — Energy briefs including Touchstone Exploration Inc‘s (AIM:TXP, TSX:TXP, OTC:PBEGF) President and CEO Paul Baay joining Katie Pilbeam to talk about one of the company’s strongest quarters to date; and JinkoSolar Holding Co., Ltd. (NYSE: JKS) filing its annual report on Form 20-F for the fiscal year […]

Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays

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(Reuters, 6.May.2022) — Venezuela’s oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to documents and vessel monitoring data on Thursday. U.S.-sanctioned Venezuela recovered a portion of lost production last year, but crude shipments have been […]

Inpex Starts Exploratory Ops Offshore Japan

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(Inpex, 6.May.2022) — Inpex Corporation commenced exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan on 5 May 2022 after carrying out preparation work through Inpex Sanin Offshore Development Co., Ltd., a subsidiary tasked with conducting exploration and development operations. The project involves conducting exploratory drilling surveys at a […]

NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Apr.2022, Words: 451) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana

NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth

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(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartĂ­n GuzmĂĄn saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]

Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil

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(Aker Horizons, 26.Apr.2022, Words: 617) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]

PetroChina Continues with Positive Momentum in 1Q:22

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(PetroChina, 29.Apr.2022) — PetroChina Company Limited (HKSE: 00857; NYSE: PTR; SSE: 601857) announced that in the first quarter of 2022, the company placed stable development as top priority and achieved a steady increase in its operating results while maintaining smooth and efficient operation in its oil and gas industrial chains. […]

China’s Oil Champion Prepares Western Retreat Over Sanctions Fear

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(Reuters, 13.Apr.2022) — China’s top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained […]

CNOOC Commences Production at Weizhou 12-8E Oilfield Development Project

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(CNOOC, 8.Apr.2022) — CNOOC Limited (SEHK: 00883) announced that Weizhou 12-8E oilfield development project has commenced production. The Weizhou 12-8E oilfield development project is located in Beibu Gulf in the South China Sea, with average water depth of about 30 meters. In addition to fully utilizing the existing processing facilities of Weixinan oilfields, a total […]

About 650,000 B/D of Russian Oil to be ‘Swapped’ 

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(WoodMac, 5.Apr.2022) — About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).  Following US sanctions on Russian crude oil, European companies have also begun ‘self-sanctioning’ with up to […]