Industry News
New Zealand to reverse oil and gas exploration ban by year-endÂ
New Zealand is planning to pass legislation by the end of the year to lift the ban on offshore oil and gas exploration, reported Reuters.  Â
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Contract News
QatarEnergy signs 15-year LNG supply agreement with Kuwait Petroleum CorporationÂ
Qatar state-owned QatarEnergy has signed a liquified natural gas (LNG) supply agreement with Kuwait Petroleum Corporation (KPC).Â
Contract News
Amigo LNG signs 20-year supply deal with Malaysia’s E&H ENERGYÂ
Amigo LNG, a subsidiary of Singapore-based LNG Alliance, has secured a long-term LNG supply agreement with E&H ENERGY of MalaysiaÂ
Deal News
Hibiscus Petroleum to acquire 30% interest in exploration block offshore MalaysiaÂ
Hibiscus Petroleum has entered into a farm-in agreement to acquire a 30% participating interest in a block PETRONAS Carigali.Â
Company News
Eni secures government approval for Indonesian gas projectsÂ
Eni has secured approvals and licence extensions from Indonesian authorities, paving the way for the development of gas production. Â
Company News
India’s ONGC starts up new well in KG basin to increase outputÂ
ONGC has opened a new well in its deep-sea project in the KG basin, aiming to enhance the production of crude oil and natural gas. Â
Industry News
Chinese biofuel company Jiaao sells stake in its SAF unit to BP
Demand for sustainable aviation fuel (SAF) is likely to increase in the next few years as airlines attempt to allay environmental concerns.
Company News
Austria’s OMV finds gas offshore NorwayÂ
OMV Norge, the Norwegian arm of Austrian oil and gas company OMV, has made a major gas discovery offshore Norway.Â
Industry News
Vietnam launches second LNG terminal, but needs cargo for testing Â
Vietnam’s Cai Mep LNG terminal is searching for its first cargo to begin commissioning tests for the facility.
Industry News
UK trade body warns of jobs and investment woes under Labour’s windfall tax
Offshore Energies UK (OEUK) has written a joint letter to the UK government expressing concerns over the 3% increase in Energy Profits Levy.