Asia Pacific
MOGAS Wins Multimillion Contract for Aramco-backed S-Oil
MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.
E&P Highlights: July 1, 2024
Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
Exxon, South Korea's SK On Sign Non-binding Deal for Lithium Supply
SK On, a unit of SK Innovation, intends to use the lithium for making EV batteries in the U.S.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
TotalEnergies to Sell Subsidiary for $259MM to Malaysian E&P
TotalEnergies is selling its subsidiary TotalEnergies EP (Brunei) BV, which owns interests and is the operator for a mature field offshore Brunei.
Valeura Purchases FSO Offshore Thailand
After initially leasing the Aurora FSO, Valeura Energy decided to purchase the vessel for $19 million.
US LNG to Asia Has Lower Emissions Profile than Coal, Rystad Says
LNG emissions are up to 50% lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy.
Oil Settles Slightly Up on Forecasts for Strong Global Demand
Oil prices edged up to settle slightly higher on June 11 as the U.S. Energy Information Administration raised its global oil demand growth forecast for the year, while OPEC stuck to its forecast for relatively strong growth in 2024.
Engelhart to Acquire Energy and Technology Business Trailstone
The transaction to acquire Trailstone, expected to be completed in third quarter 2024, will strengthen Engelhart’s position in the energy transition, the company said in its announcement.
Wars Complicate Energy Transition Despite US LNG Security Blanket
Analysts with Norway’s Equinor argue that increased levels of geopolitical conflict and outright wars “have made the energy transition more fragmented,” despite U.S. LNG creating an energy security blanket for Europe and elsewhere.