QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis.Disruptions caused by the…
A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.Visible traffic through the strait…
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.Brent crude futures LCOc1 fell by $2.14, or 2%…
Santos has agreed key commercial terms for a 10-year LNG supply deal with POSCO Steel and separately signed a non-binding agreement to buy about 1 million tonnes per annum of LNG from Canada's proposed Ksi Lisims project for up to 20 years.Under the proposed POSCO agreement…
Petronas and PTTEP subsidiaries have received approvals from the governments of Malaysia and Thailand for a new 35-year production sharing contract covering Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).PC JDA Limited…
Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily…
The Greater Sunrise natural gas project has pushed back its earliest possible production start by two years to 2034, East Timor's petroleum minister said, tightening a timeline already plagued by decades of delays.Production at the multi-billion dollar gas field…
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East…
Petronas has awarded a production sharing contract for Malaysia's Estuary Cluster to Harvester Energy and handed over enhanced seismic data for the Mutiara Cluster to DIALOG Resources, advancing development of discovered oil and gas resources in two Malaysian basins…
The American Bureau of Shipping (ABS) has issued basic design review certification to Hanwha Ocean for a standardized floating production, storage and offloading (FPSO) design targeting deepwater projects in South America and West Africa.The…
Technip Energies has been awarded a significant contract by Larsen & Toubro Energy Hydrocarbon (LTEH) to provide detailed engineering services for an ADNOC Offshore project in the United Arab Emirates.The project was awarded by ADNOC Offshore to a consortium led by LTEH and covers the engineering…
BP has completed a planned maintenance program on the Central Azeri platform in Azerbaijan's Azeri-Chirag-Deepwater Gunashli (ACG) field ahead of schedule.The turnaround began on August 19 and was originally scheduled to last 11 days. BP said…
Viridien has started seismic imaging of the Langkasuka multi-client 3D (MC3D) hybrid survey, the first-ever combined streamer and sparse ocean bottom node (OBN) multi-client 3D seismic dataset acquired in the Asia-Pacific region.The endeavor…
McDermott has secured a mega engineering, procurement, construction and installation (EPCI) contract by ADNOC for work related to increasing gas recovery and production from the Umm Shaif field.The contract, valued over $1 billion, is for Package…