TotalEnergies and Corio to Joint Develop Offshore Wind in Taiwan
The joint venture between TotalEnergies and Corio Generation to develop the Formosa 3 offshore wind project in Taiwan is yet another in a history of joining forces to develop renewable energy projects.
European Demand to Boost LNG Competition Over Next Two Years: Shell
European LNG imports rose 60% from 2021, with 121 million tonnes last year, according to supermajor Shell.
BP, Deep Wind Offshore Form Offshore Wind Joint Venture
BP is entering the South Korea offshore wind market in a joint venture agreement with Deep Wind Offshore.
OPEC Raises Forecast for China-led Oil Demand Growth in 2023
OPEC raised its 2023 forecast for global oil demand growth by 2.32 MMbbl/d, or 2.3%, 100,000 bbl/d higher than last month's forecast.
What's Affecting Oil Prices This Week? (Feb. 13, 2023)
Russia announced on Feb. 10 a 500,000 bbl/d reduction of crude production beginning next month, resulting in a spike in crude market prices.
PetroChina Completes Drilling Asia's Deepest Oil Well in Sichuan Province
PetroChina's Pengshen 6 well was drilled to a depth of 9,026 m near Mianyang in China's Sichuan province.
China's CNPC Set to Seal Mega Qatari LNG Deal
CNPC has agreed to main supply terms for an agreement with QatarEnergy similar to a 27-year LNG deal made a couple months ago between Sinopec and QatarEnergy.
Chevron Agrees to Sell Myanmar Assets, Will Exit Country
Chevron, among other oil companies, decided to leave its operations in Myanmar after a military coup took over in 2021 on the grounds of human rights abuses.
Asia Spot Prices Fall Further on Tepid Demand, High Inventory
"Prices in Asia have continued to be bearish this week amid a milder weather outlook in Northeast Asia next week and LNG stocks which remain at healthy levels for the time of year," Kpler analyst Ryhana Rasidi said.
Japan's Sumitomo Mitsui to End Corporate Finance Exposure to Coal Mining by 2040
According to Sumitomo Mitsui Banking Corp.'s Rajeev Kannan, there will be no corporate finance exposure to coal mining and coal-fired power plants by 2040.