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Losses Rise but Ophir Sees Fortuna FID in 2017
UK-based independent Ophir Energy on September 14 reported a first half 2017 loss of $84.6mn, up from $48.4mn in the same period last year. This year included $23.7mn for…
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[NGW Magazine] Mitsubishi aims to expand LNG footprint
This article is featured in NGW Magazine Volume 2, Issue 17 By Audrey Raj Japan’s Mitsubishi Corporation (MC) has been expanding its liquefied natural gas (LNG)…
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Indian Punj Lloyd Completes $822mn Malaysian Gas Pipeline Project
Indian Punj Lloyd has completed the construction of a $822mn gas pipeline in Malaysia, the company said August 4. The 512-kilometre, 36-inch diameter pipeline was awarded…
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Malaysian Petronas Awarded Oil, Gas Block in Mexico
Malaysian Petronas has been awarded an oil and gas block in the Mexican section of the Gulf of Mexico, it said August 2. Block 6 in Salina Basin covers an area of about 559…
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Lossmaker Conoco 'Turns Corner' in 2Q
US major ConocoPhillips racked up a $3.4bn loss in the second quarter, it said July 27. That was three times its 2Q2016 loss of $1.1bn. However, impairments on legacy US shale…
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Thai PTTEP Buys 10% Stake in Malaysian LNG Project
Thai PTT has bought a 10% stake in Petronas’ MLNG Train 9 project, which has a capacity of 3.6mn metric tons/yr, it said July 27 while announcing its first half results. …
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Coral is Latest FLNG Project to Pick GTT
French engineering firm GTT, which designs and installs specialist membrane LNG containment systems for tankers and storage tanks, said in 1H results late July 20 that it won an…
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PTT Investigates Field Shutdown
Thai state-owned energy giant PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, the company…
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Statoil to Charter LNG-Fueled Shuttle Tankers
Statoil on June 22 awarded a long-term contract to AET, subsidiary of Malaysian state shipowner MISC, to operate two offshore loading shuttle tankers (OLSTs) on long-term charter.…
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JX Nippon Starts Gas Production from Malaysian Field
Japanese JX Nippon Oil & Gas Exploration Corporation commenced commercial gas production from Layang field in Block SK10 offshore Malaysia May 28, it said June 15. The…
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Shell Publishes 2016 State Payments
Shell has published its payments made to governments in 2016 where it is upstream operator. Its June 13 report details payments in 31 countries and is the second such…
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Petronas 1Q Profit More Than Doubles
Malaysian Petronas has reported a sharp 124% rise in 1Q profit driven by higher average realised prices and lower net impairment on assets. Company’s profit for the…
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Petronas LNG, Gas4Sea to Team Up on Bunkering
Malaysian state-owned Petronas is looking to get more deeply involved in LNG bunkering. Its subsidiary Petronas LNG and its shipping affiliate MISC have signed a memo of…
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Noble Posts Record 1Q Israel Sales
US independent Noble Energy said May 1 that 1Q US and Israel production volumes were “all at or exceeding the top end of its guidance.” Elsewhere in the Near East,…
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Shell Reduces Flaring, GHGs
Shell said April 12 it reduced group overall greenhouse gas emissions (GHGs) to 70mn metric tons carbon dioxide (CO2) equivalent in 2016, down from 72mn mt in 2015, even with the…
