E&P Highlights: Dec. 5, 2022
Here’s a roundup of the latest E&P headlines including field upgrade plans being approved and a development milestone for a Senegalese field from the past week in the upstream oil and gas industry.
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
"ADNOC will continue to responsibly unlock value from Abu Dhabi’s vast hydrocarbon resources in a reliable and sustainable manner," ADNOC's Sultan Ahmed al-Jaber said at the deal signing.
Asia-Pacific Region Seen as Key in Global Decarbonization Push
As of 2020, 11 major Asia Pacific (APAC) countries were responsible for 52% of global CO2 emissions, and they’re expected to continue increasing through 2030, according to Goldman Sachs.
TotalEnergies Transitions to Renewables in Kazakhstan with $330 Million Sale
TotalEnergies transitions to a wind energy project in Kazakhstan with the sale of Total E&P Dunga GmbH, which has operating interest in the onshore Dunga oil field.
Leak Causes Santos to Shut Down John Brookes Platform
Santos reported that it could take up to six weeks for its John Brookes platform offshore western Australia to return to full production after discovering the small gas leak.
Eni in Preliminary Talks to Buy Neptune Energy for $5-$6 Billion: Source
Neptune produces around 130,000 boe/d, three-quarters of which is gas. It has operations in Norway—home to Eni's Var unit—Britain, Indonesia—where Neptune shares licences with Eni—Algeria, the Netherlands and elsewhere.
China’s Xi Looks to Strengthen Energy Ties with Russia
In response to a G7 proposal to cap Russian oil prices, the Kremlin has promised to re-route supplies to countries that do not support the idea, with both China and India increasing oil purchases from Moscow.
JERA Expects Fire-Hit Freeport LNG Texas Shipments to Fully Resume by March
Freeport LNG is expected to resume partial operation in December and reach about 80% of operations in early January.
E&P Highlights (Nov. 28, 2022): Sinopec Shale Gas Discovery
Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.
India to Receive First LNG Cargo from Indonesia’s Tangguh LNG
Operated by BP Plc, the Tangguh LNG plant is in Indonesia's West Papua province and began production in 2009. Its output capacity is 7.6 million tonnes of LNG per annum (mtpa) from two existing trains.