CHINA: Qatargas delivers commissioning cargo to CNOOC’s seventh LNG terminal

(EnergyAsia, August 21 2014, Thursday) — China National Oil Corporation (CNOOC), the country’s largest liquefied natural gas (LNG) importer, has started up its seventh terminal on Hainan Island with the receipt of a first cargo from Qatargas on August 7. Qatar’s state-owned firm said it delivered the cargo on its super-size Q-Max class vessel Rasheeda, […]

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AUSTRALIA: Consultant DW asks if rising cost makes the LNG sector “a lost cause”?

(EnergyAsia, August 14 2014, Thursday) — The following is an edited version of a commentary by Amanda Tay of UK energy consultant Douglas Westwood (DW). Recent news headlines on Australia’s liquefied natural gas (LNG) sector seem to be centered around its unsustainable rising costs. Woodside Petroleum had to ditch plans last year for its Browse […]

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CHINA: An overview of the oil supply infrastructure

(EnergyAsia, August 13 2014, Wednesday) — To keep up with the pace of its domestic oil markets growth, China has greatly expanded its supply infrastructure over the past decade. There are plans for further investments, focusing mostly on the country’s storage and pipeline networks to enhance energy security. The following is a summary of an […]

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PAPUA NEW GUINEA: InterOil aims to advance LNG project with new chairman and retirement of long-time investor

(EnergyAsia, August 12 2014, Tuesday) — InterOil Corp hopes to advance its long-delayed liquefied natural gas (LNG) project in Papua New Guinea with the appointment of a respected industry veteran as chairman in place of an early investor to follow on last year’s exit of the company’s controversial founder. Former BG Group Plc CEO Chris […]

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NIGERIA: Canada-listed firm Oando pays ConocoPhillips US$1.5 billion for oil and gas assets

(EnergyAsia, August 11 2014, Monday) — Canada-listed Oando Energy Resources has completed the US$1.5 billion purchase of a collection of oil and gas assets in Nigeria from US upstream firm ConocoPhillips which is leaving the troubled African nation to focus on shale opportunities back home. After over a year of negotiations, Lagos-based Oando said it […]

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AFRICA: Ebola adds to terrorism, unrest to threaten economic growth

(EnergyAsia, August 11 2014, Monday) — Fast-spreading deadly Ebola could outrank terrorism and political unrest as the biggest threat to Africa’s fast growing economies this year. Projected to grow by 7.2% this year, oil-powered West Africa, the centre of the epidemic, was slated to lead the continent’s emergence as the world’s fastest-growing to outpace Asia […]

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INDONESIA: Government issues environmental permit for proposed US$12 billion Tangguh LNG expansion

(EnergyAsia, August 8 2014, Friday) — BP said it has cleared a “significant milestone” to expand its Tangguh liquefied natural gas (LNG) project after the Indonesian government issued an environmental permit in approving the environmental and social impact assessment for the US$12 billion investment. The permit, issued by the environment ministry, also outlines the role […]

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LIBYA: Bleak outlook for economy and oil sector as fighting intensifies, foreign workers and diplomats flee

(EnergyAsia, August 8 2014, Friday) — Any hope for Libya’s oil industry to make a slow recovery after last month’s truce between government and rebel forces over two oil-exporting terminals has been extinguished by the latest round of fighting between rival militia groups that has sent thousands of foreign workers and diplomats fleeing. More than […]

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