Natural Gas Daily: October 20th, 2020
French Total has delivered its first shipment of carbon neutral LNG to the Chinese state-owned Cnooc, it said.
The loading operation was carried out at the Ichthys liquefaction and export plant in Australia, and the shipment was delivered on September 29 to the Dapeng terminal, China. Total has a 26% stake in the 8.9mn mt/yr Ichthys LNG project, which is operated by Japan’s Inpex Corporation.
US oilfield services group Halliburton has booked its fourth straight quarterly loss as a result of bearish conditions on the services market, it reported on October 19.
- Rival Schlumberger similarly reported losses for the third quarter on October 16, owing to weak oil and gas prices as a result of the coronavirus pandemic and related economic fallout.
Russian gas flows to China via the Power of Siberia pipeline exceeded the contractual volume on October 19 for the first time, by 20%, Gazprom's export arm reported on the same day.
- Power of Siberia has been pumping gas from the Chayandinskoye gas field since December 2019.
- A closer look at the broader geopolitical picture explains why both Moscow and Beijing want to increase their gas ties.
Anglo-Australian multinational BHP's natural gas production during the three months to September 30 (Q1) dropped 9% yr/yr to 91bn ft3 (2.58bn m3), the company said in a statement.
- The Bass Strait West Barracouta project in Australia is on schedule and budget, BHP said, and is still expected to achieve the first production in the 2021 calendar year.