Wednesday, January 22, 2020

Gas Field News

'Power of Siberia' Pipeline Begins Flow to China

(Photo: Gazprom)

China has started to consume Russian gas via the newly launched "Power of Siberia" pipeline, said CNPC-backed Kunlun Energy Ltd, operator of the pipeline in China, on Wednesday.The company receives 250,000-300,000 cubic meters of pipeline gas daily from Russia, helping to ease tight gas supply in winter season in Harbin, provincial capital of the north-most region Heilongjiang.The 3,000-km (1,864 mile) pipeline, launched in December, is expected to transmit 4.6 billion cubic meters (bcm) of natural gas from Russia's Siberian gasfield to China,

Oil And Gas Discoveries Hit 4-Year High

Graph: Rystad Energy

The global oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015.According to Rystad Energy, last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.Guyana’s success story from 2018 continued in 2019, with ExxonMobil adding four new discoveries within its offshore Stabroek block, while…

CNPC Pulls Staff from Iraq Oilfield

© Alexander Sánchez / Adobe Stock

China National Petroleum Corp (CNPC), a top investor in Iraqi oil, has withdrawn about 20 employees from the West Qurna-1 field operated by U.S. major Exxon Mobil because of tensions in the region, a company source familiar with the matter said.CNPC made the move on Sunday after last week's killing of Iranian general Qassem Soleimani in a U.S. drone strike in Iraq, the Beijing-based source said, adding that the state firm has kept staff in place at two other fields.Tehran retaliated with missile attacks on U.S.-led forces in Iraq on Wednesday…

Europe Dominates LNG Import Story in 2019

© Maciej Bledowski / Adobe Stock

Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019, up from 314.9 million tonnes in 2018.This represents the largest ever increase in production.While East Asian, especially Chinese, demand increased in 2017 and 2018 to absorb additional production, there was little change this year.

Pandion Energy Completes Duva Stake Sale

Jan Christian Ellefsen, CEO, Pandion Energy. (Photo: Marte Garmann)

Norwegian oil and gas company Pandion Energy has completed the sale of its 10 percent non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 686B.According to Pandion Energy it was previously announced transaction with Solveig Gas Norway AS.The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of 2016. The Plan for Development and Operation (PDO) was approved in June 2019…

Two Dead in Russian Oilfield Fire

(Photo: Novatek)

Two people have been killed and one injured in a fire in an elevator at Russia's Novatek northern oil and gas field, news agencies reported on Saturday citing emergency ministry officials.The fire broke out at East-Tarkosalinskoye field, Novatek's most mature oil and gas field, in Yamal Nenets region, the Interfax news agency said.The blaze had been put out, it said.Novatek did not reply to a request for comment, the emergency ministry office in the region did not respond to phone calls.(Reporting by Vladimir Soldatkin; Editing by Robert Birsel

China's Longest Ethane Pipeline Starts Operation

© YuanGeng / Adobe Stock

China National Petroleum Corp (CNPC) said its Xinjiang oilfield unit has delivered 500,000 cubic meters of ethane after being put into operation a week ago, the company stated on its website on Wednesday.Construction work on the 371 kilometer-long pipeline, which is expected to be China's longest ethane pipeline, began on June 20. It links CNPC's gas field in Junggar Basin and Dushanzi petrochemical complex, the company said.The gas field in Junggar Basin…

Leviathan Gas Exports Expected by Month's End

(Photo: Noble Energy)

Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday."Within 2-3 weeks we will open the wells and start to supply the gas," said Binyamin Zomer, vice president for regional affairs at Texas-based Noble Energy, reaffirming the company's pledge to begin production by the end of 2019."Before the end of the year we will start supplying the domestic market, and the in the we

Petronas Names Second FLNG in S. Korea

Image: Petronas

Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters.With PFLNG Dua, the national oil and gas company of Malaysia owns and operates two floating LNG facilities, following the success of PFLNG Satu which has been in operation since 2017.

Mako Gas Field Exceeds Hopes: Conrad

Image: Conrad Petroleum

Indonesian oil & gas exploration and production company Conrad Petroleum has flowed dry gas from its Tambak-1 well located in the Duyung PSC in the West Natuna Basin, offshore Indonesia.The Tambak-1 well was designed to both appraise the Mako gas field and test the underlying Tambak exploration prospect. Coro Energy plc holds a 15% interest in this project.The drill stem test (DST) flowed dry gas from the intra-Muda sands at a rate of 11.4 MMcf/day on a 181/64-inch (2.8 inches) choke, maintaining a wellhead tubing pressure of 225psi.

Sinopec Gets Weirong Green Light

© Alexey Zakirov / Adobe Stock

China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field in the southwestern province of Sichuan, the refiner said on Tuesday.The company plans to build 166 wells at the gas field with total production capacity of 3 billion cubic meters (bcm) each year.The first phase of construction is underway, with two testing wells reaching daily output of 313,000 cubic meters and 253…

PGNiG Ups Stake in Duva Field, Norway

Pic: PGNiG

PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.Duva oil and gas field (formerly Cara) is located in the Norwegian sector of the North Sea at a water depth of 360m. The field is jointly owned by Idemitsu Petroleum Norge (30%), Neptune Energy Norge (30%, operator), Pandion Energy (20%) and Wellesley Petroleum (20%).“Increasing our share in the deposit…

PetroChina Sets Changqing Production Goals

(File photo: PetroChina)

China's top oil and gas producer, PetroChina, aims to produce 25 million tonnes of crude oil per annum and 42 billion cubic meters (bcm) of natural gas at its Changqing field by 2020, the Gansu provincial government backed media reported on Monday, citing a company spokesman.The spokesman said that the Changqing field also set a target of churning out 28 million tonnes per annum of crude and 45 bcm of gas by 2025.Changqing, in the Ordos basin in Inner Mongolia, is China's biggest gas field.PetroChina in September said in a statement that it fou

Canadian E.Coast LNG Export Plans Progress Shell Deal

Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said.The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting…

Sinopec Resumes Production at Sichuan Gas Processing Unit

China's Sinopec Corp last month resumed production at a key natural gas processing plant in southwestern Sichuan province after a planned maintenance, the parent company of the state oil and gas group said on Tuesday.By August-end, Sinopec had completed maintenance at a desulphurising facility at Puguang gas field - the firm's largest gas-producing asset in China - ahead of the heating season, which normally begins at mid-November.There…

Europe Looks for Gas as Groningen Folds

Image: Rystad Energy

Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy.The Netherland recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned. However, despite the ambitious target of decommissioning the field by 2022, Rystad Energy expects that there could…

Oil Search Boss to Retire in 2020

Peter Botten (Photo: Oil Search)

Papua New Guinea's biggest company Oil Search Ltd said on Tuesday long-serving Managing Director Peter Botten will retire from the firm next year after 25 years in the role, just as the company enters a major growth phase in PNG and Alaska.Botten will be succeeded by senior executive Keiran Wulff in February and will step down from the board on Aug. 25."Under his leadership, Oil Search has grown from a small exploration and production company to a regionally significant oil…

Mozambique Eyes $880 Mln in Tax from Anadarko Takeover

© LEMONGATE / Adobe Stock

Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country, but it was replaced by Total after the French oil major agreed to buy Anadarko's African assets as part of the Occidental takeover.President Filipe Nyusi announced the capital gains tax target after he met Occidental and Total managers in the city of Chimoio, O Pais reported.Mozambique's economy has been h

Inpex Eyes Australia Expansion

Ichthys LNG onshore facilities (Photo: Inpex)

Inpex Corp, Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said."In Australia our focus is on fully utilizing our Ichthys LNG facilities while creating a solid base for future expansion," Inpex's president director for Australia, Hitoshi Okawa, told Reuters in an interview on Friday.Inpex completed construction last year on its first LNG project…

Woodside Looks to Sell Gas Assets

(Photo: Woodside)

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday.The comments by CEO Peter Coleman came after speculation Saudi Aramco could be interested in Scarborough, a gas resource that, once developed, would feed into and expand Woodside's Pluto LNG production…