HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 2.Jun.2026, Words: 266) — Amigo LNG, which plans to build a liquefied natural gas (LNG) liquefaction terminal on Mexico’s west coast in Guaymas, Sonora, has received all necessary permits to advance the project. Amigo LNG will source feed gas from the prolific […]
Category: Singapore
Singapore
LNG carriers face compliance-driven fleet bifurcation: Wood Mackenzie
LONDON/HOUSTON/SINGAPORE (By WoodMac, 1.Jun.2026, Words: 715) — The engine type fitted to an LNG carrier when it was built is now the single most important factor in its compliance cost exposure. For a growing share of the global fleet, the numbers are turning against them, according to new analysis from Wood […]
LNG Alliance and GOB to develop FSU-based LNG import terminal in Malaysia
MONTERREY, MEXICO (By Isaac Silvestre, Energy Analytics Institute, 26.May.2026, Words: 300) — Green Oscasaba Sdn Bhd (GOSB) and LNG Alliance Pte. Ltd., Singapore inked a strategic collaboration to develop a 1.2 million tonnes per annum (MTPA) LNG import and regasification infrastructure in Lahad Dat, Sabah. The infrastructure will support the rapidly […]
Southeast Asia’s new wave of deepwater gas projects: WoodMac
SINGAPORE (By Woodmac, 4.May.2026, Words: 621) — Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy. Our models suggest these projects have fragile economics, with many delivering less than 15% internal rates of return (IRR). As a result, operators face narrow […]
Middle East disruption could cut global oil demand 20% and gas 10% by 2050: Wood Mackenzie
LONDON/HOUSTON/SINGAPORE (By Wood Mackenzie, 8.Apr.2026, Words: 660) — Prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case. As countries […]
Aslan inks HOA with Karimun Regency to develop “MU CITY” next-gen ecosystem
KARIMUN, RIAU ISLANDS, INDONESIA (By Aslan, 24.Nov.2025, Words: 584) — Singapore headquartered Aslan Energy Capital announced the signing of a heads of agreement with the government of Karimun Regency, Riau Islands, Indonesia — strategically located at the crossroads of Singapore, Malaysia, and Indonesia. This landmark agreement marks a pivotal step in […]
AMIGO LNG inks 20-year LNG SPA with GUNVOR to source Mexican LNG
MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 19.Aug.2025, Words: 328) — AMIGO LNG S.A. de C.V., the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, signed a definitive long-term sale and purchase agreement (SPA) with Gunvor Singapore Pte Ltd. Per the agreement, Gunvor will acquire 0.85 million […]
Seatrium to propel offshore innovation with first turnkey FPSO delivery to Petrobras
SINGAPORE, SINGAPORE (By Seatrium, 16.Jul.2025, Words: 500) — Seatrium Limited announced the impending delivery of the PETROBRAS 78 (P-78) – the first of a series of turnkey Floating Production Storage and Offloading vessels (FPSO), to Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras). The sailaway ceremony took place two weeks […]
Seatrium announces $400mn sustainability-linked credit facility from UOB
SINGAPORE, SINGAPORE (Seatrium, 15.Jul.2025) — Seatrium Limited announced its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) successfully secured a $400mn sustainability-linked revolving credit facility with United Overseas Bank (UOB). This credit facility, anchored in sustainability-linked principles, aligns with Seatrium’s Sustainable Finance Framework and includes revolving credit features which will […]
Global energy landscape: how 3 tariff scenarios reshape the future
LONDON, ENGLAND (Wood Mackenzie, 27.May.2025, Words: 777) — A new report from Wood Mackenzie, “Trading cases: tariff scenarios for taxing times,” presents 3 distinct futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors. The report presents three possible […]
PEC Ltd. $160mn buyout and privatization by Liberty Energy Solutions Ltd
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 7.May.2025) — PEC Ltd shareholders approved a transaction valued at $160mn for the 100% acquisition by Alliance Energy Services Pte Ltd through an arrangement scheme at an extraordinary general meeting in Singapore. Following sanction of the shareholders’ meeting by the High Court of Singapore, all PEC […]
Woodside Energy inks 2 LNG deals with Uniper for up to 2 MTPA
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 17.Apr.2025) — Woodside Energy inked a LNG sale and purchase agreements (SPAs) with Uniper for the supply of 1 million tonnes per annum (MTPA) from Louisiana LNG LLC and up to 1 MTPA from its global portfolio (Woodside Energy Trading Singapore Pty. Ltd.). […]
The IMF Says Southeast Asia’s Economies to Benefit from Packaging Ambitious Reforms
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Mar.2025) — Combining deliberate, ambitious structural overhauls can help the Southeast Asia region’s largest economies achieve higher potential economic growth and sustainably attain high income levels, according to the International Monetary Fund (IMF). The IMF said that Southeast Asia’s major economies have made […]
Trump’s Oil Tariffs on Canada and Mexico to Significantly Impact Crude Flows
LONDON, ENGLAND (Wood Mackenzie, 6.Feb.2025) — US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie. According to the report “How […]
Commentary: near-term triggers for ECA, Saguaro Energia, Vista Pacifico and Salina Cruz
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 […]
BW LPG Takes Delivery of BW Capella Vessel from Avance Gas
(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 […]
Electrification is the Accelerated Route to Energy Efficiency, Peak Emissions
(Wood Mackenzie, 29.Oct.2024) — The electrification of the energy system is the central plank of the energy transition. In Wood Mackenzie’s base case, displacing fossil fuels with more energy-efficient electricity leads to global emissions peaking in 2027 and subsequently falling by 35% through to 2050. Global final energy demand is […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 25 Oct. 2024
(Energy Analytics Institute, 25.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 25 Oct. 2024. —Argentina: Oil production reached 740.8 Mb/d in Sep. 2024, up 14.7% y-o-y, while gas production reached 147.1 MMcm/d, up 2.9% y-o-y, the Secretariat of Energy said. —Argentina: Argentine gas […]
BW LPG Comments on Performance of Product Segment
(Energy Analytics Institute, 10.Oct.2024) — BW LPG Limited provided an update on the performance from its BW Product Services’ segment during the third quarter 2024. For the quarter ended 30 Sep. 2024, BW Product Services reported an estimated gross profit of $71mn, which was mainly a result of $86mn of […]
Woodside to Acquire Tellurian for $1/share, Create LNG Powerhouse
(Woodside, 22.Jul.2024) — Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian including its owned and operated US Gulf Coast Driftwood LNG development opportunity. The consideration for the transaction is an all-cash payment of approximately $900mn, or $1.00 per share of outstanding Tellurian […]
BW LPG on Successful Completion of Redomiciliation to Singapore
(BW LPG, 1.Jul.2024) — Reference is made to the stock exchange announcement made by BW LPG Limited on 21 June 2024 regarding the subsequent court hearing (the “Sanction Hearing”) at which the Supreme Court of Bermuda (the “Court”) sanctioned the scheme of arrangement (the “Scheme”) between the company and its […]
Shell Inks Deal to Acquire Pavilion Energy
(Shell, 18.Jun.2024) — Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with […]
BW LPG Limited 1Q:24 Financial Results
(BW, 30.May.2024) — BW LPG Limited (NYSE: BWLP, OSE: BWLPG.OL) reported a Q1 2024 Net Profit After Tax (NPAT) of $150mn, yielding an annualised return on equity of 37% with $468.5mn free cash flow generated. The Q1 operating profit was $157.8mn, and earnings per share was USD 1.07. The net […]
Decarbonisation of Steel Industry Could Hinder Circularity of Zinc
(WoodMac, 20.Mar.2024) — A recent report by ‘Wood Mackenzie Zinc Markets Service’ warns that efforts to decarbonise the steel industry through adopting Direct Reduced Iron Plant (DRI) production with green hydrogen could have significant implications for the circularity of zinc. The shift towards the use of more DRI in electric […]
Upstream FIDs to Rise in 2024, with focus on Deepwater Resources
(WoodMac, 14.Mar.2024) — Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie. The Wood Mackenzie report “Class of 2024: benchmarking this year’s upstream FIDs” states […]
Upstream Scope 1 & 2 Emissions Intensity down 12% Since 2017
(Wood Mackenzie, 6.Mar.2024) — Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie. According to the report “Is upstream oil & gas delivering on decarbonisation?” Wood Mackenzie finds that while flaring […]
Asia Pacific Could Become Global Energy Transition Leader
(WoodMac, 21.Feb.2024) — Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change […]
Chesapeake, Delfin LNG and Gunvor Ink 0.5 MTPA Deal
(Chesapeake, 13.Feb.2024) — Chesapeake Energy Corporation (NASDAQ: CHK), Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 […]
Nebula Energy Buys Majority Stake in AG&P LNG
(AG&P Global, 30.Jan.2024) — AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a subsidiary of AG&P Group, announced that Nebula Energy LLC, a fully integrated investment, development, and asset management company with a focus on liquefied natural gas (LNG) and carbon capture and storage (CCS) sectors, has bought majority stake […]
Sangomar FPSO Sets Sail for Senegal
(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the Léopold Sédar Senghor Floating Production Storage and Offloading (FPSO) facility. The FPSO, named after Senegal’s first president, is travelling 12,000 nautical miles from Singapore to its final destination, […]
AG&P Group Announces Exciting Changes in Leadership
(AGP, 20.Oct.2023) — AGP international Holdings Pte Ltd. (AGPIH/AG&P Group) announced several changes in its leadership team. At the Group level, effective 15 October 2023, Mr. Karthik Sathyamoorthy has been appointed as the Chief Executive Officer for AG&P Group. He will continue to remain the CEO of AG&P LNG Terminals & Logistics […]
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 […]
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 […]
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. […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore
(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 […]
Shell Sanctions Crux Gas Project
(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 […]
LNG Contracting Off to Fast Start in 2022 with More Than 10 mmtpa Signed
(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 […]
Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays
(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 […]
NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand
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
SBM Offshore Reveals Prosperity FPSO Module TS032 Lifting
(Energy Analytics Institute, 20.Apr.2022) — SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading (FPSO) unit on the yard in Singapore. RELATED STORY: SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA RELATED STORY: […]
China’s Oil Champion Prepares Western Retreat Over Sanctions Fear
(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 […]