Indonesia's state energy company PT Pertamina said on Tuesday it will develop a fuel storage facility in north Jakarta, following a deadly fire that broke out at a terminal earlier this year and spread into a densely populated residential area.Pertamina has been under pressure to modernize and relocate from its Plumpang fuel terminal, one of Indonesia's oldest fuel storage facilities, after the March fire…
Major global lenders should refuse to finance a liquefied natural gas (LNG) project in Papua New Guinea to help keep global warming in check, civil society groups said on Wednesday, as some owners tap banks ahead of a final greenlight next year…
Abu Dhabi's ADNOC Gas said on Thursday it had signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex). The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments start…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
India's fuel demand eased 3.7% in June month-on-month, government data showed on Friday, as monsoon rains restricted mobility in the world's third-biggest oil consumer.Consumption of fuel, a proxy for oil demand, totalled 19.31 million tonnes in June…
Turkey has discovered 1 billion barrels of oil in a field in the southeast province of Sirnak, Turkish Petroleum (TPAO) said late on Wednesday, in the largest onshore oil find in the country.TPAO has drilled 2,771 meters deep so far and found a more than 162-meter light oil-bearing reservoir…
United Arab Emirates' ADNOC Logistics & Services (ADNOC L&S) has expanded its fleet with the deployment of five new-build Very Large Gas Carriers (VLGC), state news agency WAM reported on Thursday.The carriers of the shipping and maritime logistics…
Malaysian state oil and gas company Petronas has expressed interest in participating in Indonesia's takeover of Shell's stake in the Abadi LNG project, Indonesia's upstream oil and gas regulator told a parliamentary hearing on Wednesday.The…
India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.Total monthly fuel demand in September fell 3.6% from August, although it was up 8.1% when compared with September 2021…
Woodside Energy Group on Friday said a cut in its production outlook, which had rattled investors on Thursday, was due to a change in conversion factors and did not reflect any change in physical product volumes.Woodside's shares fell 4% on Thursday after it said its full year output…
Engineering and construction firm McDermott said Thursday it had secured a contract by ADNOC to provide front-end engineering design (FEED) services for the new Fujairah Liquefied Natural Gas (LNG) facility. Located approximately 155 miles (250 km) from Abu Dhabi…
Chevron Corp has completed maintenance work at its Wheatstone liquefied natural gas (LNG) plant, and the facility's two processing units, or trains, are now running, the operations head of its Australian business said on Tuesday.'We are still starting up our domgas (domestic gas) plant…
Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…
Qatar's Emir Sheikh Tamim bin Hamad al-Thani said on Tuesday that Qatar's liquefied natural gas production capacity will rise to 126 million tonnes a year by 2027.Speaking at a gas exporters summit hosted in Doha, al-Thani renewed calls for further dialogue among member countries of the gas forum…
Soaring oil and gas prices and cost savings helped Australia's Woodside Petroleum Ltd (WPL.AX) report profits in 2021 more than tripled to a seven-year high, prompting the firm to reward shareholders with a fatter than expected dividend.Shares…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
