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U.S. Crude Imports Soar as Oil-laden Saudi Tankers Begin to Unload
June 3, 2020
While the Saudi-Russian price war might have been on hold since the early-April Opec+ deal to slash global output, the repercussions of the short-lived production binge have now sailed their way into the US market. Before Riyadh and Moscow settled
ConocoPhillips Completes Sale of Interests in Australia-West for $200 Million
May 28, 2020
ConocoPhillips has completed the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total due to ConocoPhillips upon a final investment decision is $200 million. “Santos has a strong presence in the Australian oil and
Santos Secures Four Gas Exploration Permits in Queensland
May 27, 2020
Australian oil and gas company Santos has won four new gas exploration permits in the onshore Surat Basin in Queensland, Australia. The acreage bagged by the company is located east of Roma with two of the permits dedicated to only
Air Products Invest $2 Billion in Coal-to-Methanol Production Facility, Indonesia
May 20, 2020
US-based industrial gases company Air Products has announced an investment of $2 billion to build a coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia. For the project, the company has signed long-term on-site contract with two Indonesian companies. Bakrie Capital
Queensland Government Opens Up Land for New Gas Projects
May 18, 2020
The Queensland government is opening up 6700kms2 of land for gas exploration in the Bowen and Surat basins located between Blackwater and Goondiwindi in the Australian state. In this regard, Queensland Mines Minister Anthony Lynham announced 12 prospective parcels of
Construction to Start on Baltic Gas Pipeline from Norway to Poland
May 8, 2020
Construction of a major gas pipeline from Norway is to begin in the coming days and will be a “milestone” in giving Poland independence from Russian gas, Polish President Andrzej Duda said Monday. Duda said that the Baltic Pipeline will
Chevron to Acquire Puma Energy (Australia) Holdings for AU$425 Million
May 7, 2020
Chevron Australia Downstream, a wholly-owned subsidiary of Chevron Corporation, has signed a conditional share sale agreement with Puma Energy Asia Pacific B.V. to acquire all shares and equity interests of Puma Energy (Australia) Holdings for the amount of AU$425 million.
Aker Solutions and Leading Operators Join Forces to Qualify Subsea Gas Separation
May 7, 2020
Aker Solutions and a group of the world’s leading oil and gas operators have come together in a joint industry project with the aim of making subsea gas separation a reality. Using CO2 injection to increase recovery rates in offshore
MHPS to Change Its Name to Mitsubishi Power
April 24, 2020
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, today announced its new company name, Mitsubishi Power, and will also adopt a new corporate brand logo. Under its new name, Mitsubishi Power will work to
Australia’s Coal Industry Reviews Expansion Plans
April 23, 2020
Australia’s coal industry is reviewing plans for expansion and sustaining capital expenditure as they attempt to conserve cash amid fears that coal prices will return to a long period of historical lows below those seen in 2015-16. Australian coal quarterly
