LNG Exporting SE Asia Eyes More Imports
The eleven country Southeast Asia region remains a net LNG exporter, but falling reserves are pushing some countries to eye LNG imports, according to Poten & Partners.
Chevron, MOECO Team Up to Explore Advanced Geothermal Technology
Chevron New Energies Japan and MOECO plan to carry out the advanced closed loop geothermal technology pilot test in the Niseko region of Hokkaido, Japan.
Copenhagen Infrastructure Partners Invests $350M in Wind Projects Offshore Korea
Copenhagen Infrastructure’s investment funds will go toward the 99-MW Jeonnam 1 wind project as well as other projects in Shinan County, Yeonggwang County and the Ulsan region.
Morgan Stanley: US LNG Exporters Could See Cargo Cancellations
The investment bank Morgan Stanley warns U.S. LNG exporters could see cargo cancellations in the second half of 2023 due to robust gas storage injections in Europe and weaker demand for LNG in Asia.
Russia Resumes Oil Exports to North Korea After Long Pause
Russia resumed oil exports to North Korea in December, the first since 2020 as the two countries deepen ties.
Brunei LNG Plant Expected to Restart June 13 After Unexpected Shutdown
Shut down on June 12, Brunei LNG's plant is expected to resume production later on June 13.
TotalEnergies, Kazakhstan Sign PPA for $1.4B Wind Project
TotalEnergies’ $1.4 billion project, which will include a 600 megawatt-hour battery energy storage system and about 200 turbines, will be located in the Zhambyl region of north Kazakhstan.
European Energy Exchange Sees Huge Growth in Japanese Power Futures Trade This Year
Trading volume in Japanese power futures on the European Energy Exchange could double or triple this year.
E&Ps’ Siren Song to Investors: Free Cash Flow
Regaining investor trust–and access to their cash–is on the horizon as the E&P sector returns record profits to investors, a panel of experts said during Hart Energy’s SUPER DUG conference.
E&P Highlights: June 5, 2023
Here’s a roundup of the latest E&P headlines in the upstream oil and gas industry, including wells offshore Congo beginning production and approval for a North Sea field development.