By Adnan Bajic Australia’s LNG capacity expansion is nearing its end and although the country has taken over the LNG exporter top spot in 2019-20, the earnings are expected to dip. Courtesy of Woodside In its Resources and Energy Quarterly report, Australia’s Department of Industry, Science, Energy and Resources, noted that the latest wave of…
By Bojan Lepic Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic. The post BP assets… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Australia’s energy infrastructure company, Jemena, has submitted plans to the New South Wales government to connect a proposed LNG import terminal at Port Kembla to the Eastern Gas Pipeline (EGP). Courtesy of Australian Industrial Energy Jemena’s managing director, Frank Tudor, said the company has also advanced plans to modify the EGP to…
By Bojan Lepic Oil and gas company Premier Oil has pushed back the forecast of first gas for the Tolmount project, located in the Southern North Sea. The post Yard lockdown pushes back Premier Oil’s project… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Japanese utility, Tokyo Gas revised its results forecast flagging a ¥28.4 billion ($262.7 million) impairment losses for the year ended March 2020. Image courtesy of Tokyo Gas The impairment losses are a result of a re-evaluation of the upstream projects in the United States, Ichthys LNG project in Western Australia amongst others,…
By LNG World News The value of Australia’s LNG exports is forecast to decline to $49 billion in 2019–20 and fall back further to $44 billion in 2020–21, in real terms, driven by declining oil-linked contract prices. Read Full Article Here For more great articles: LNG World News
By Offshore Energy Today.. European gas demand in 2020 is likely to drop by 0.7% compared to the pre-coronavirus forecast, according to Rystad Energy’s most likely scenario. … Read Full Article Here For more great articles: Offshore Energy Today
By Offshore Energy Today.. The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil. … Read Full Article Here For more great articles: Offshore Energy Today
By LNG World News Australian government’s Department of Industry, Innovation and Science has revised the forecast for Australian liquefied natural gas earnings. Read Full Article Here For more great articles: LNG World News