CNOOC makes major discovery offshore China

China’s oil and gas company CNOOC announced on Monday a “significant” oil and gas condensate discovery off the South China Sea, Kallanish Energy reports. The discovery of Huizhou 26-6 in the eastern South China Sea is set to become the first mid-to-large sized field in the shallow waters of Pearl River Mouth Basin. The well-encountered

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US gas storage build exceed expectations

U.S. natural gas storage build surpassed expectations rising by 120 billion cubic feet (Bcf) in the week ending June 19, according to data from the U.S. Energy Information Administration (EIA). The latest estimates, covering the week of 12-19 June, pointed to a storage level of 3,012 Bcf. The volume is 32.5% higher than the same

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Exmar readies to dispute YPF’s force majeure notice

Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and

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Gazprom, CNPC discuss extra 6 Bcm/y gas supplies

Russian gas giant Gazprom is negotiating an additional 6 billion cubic meters per year (Bcm/y) of gas supply to China, Kallanish Energy reports. The company is in talks with its partners to increase gas deliveries via the Power of Siberia, CEO Alexey Miller said in an interview published on Gazprom’s website last Friday. If an

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BP sells petchem unit to Ineos for $5B

British giants BP and Ineos announced on Monday a $5 billion global petrochemical deal, covering 14 manufacturing plants across Europe, Asia, and the U.S., Kallanish Energy reports. BP’s departing chief financial officer Brian Gilvary stroke the sale of BP’s petrochemical unit to Ineos – an achievement that concludes BP’s $15 billion divestment target a year

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Efficiencies boost natural gas production in US

Natural gas production continues to grow in the United States because production continues to get more efficient, according to the U.S. Energy Information Administration. The EIA report revealed newer wells are boosting production in shale formations across the U.S.  Furthermore, the average new well in the Haynesville, Permian, Eagle Ford, Niobrara and Bakken regions in

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TechnipFMC bags two new contracts from Equinor

UK’s oilfield services company, TechnipFMC, has bagged two new contracts from Norway energy major Equinor, Kallanish Energy reports. The deals are worth up to $189.7 billion and comprise pipelaying and subsea installation for projects in the Norwegian Continental Shelf, Equinor said on Tuesday. It covers the Breidablikk project and a gas import system for the

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Mozambique LNG secures $2.25B from host government

Total-led liquefied natural gas project, Mozambique LNG, has reportedly been offered a five-year, $2.25 billion funding guarantee from the Mozambican government. Partners at the $20 billion onshore project are said to have agreed to the guarantee in lieu of an immediate equity contribution from state-run National Hydrocarbon Company (ENH). The company owns a 15% stake

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US LNG exports to face 40-45 cargo cancellations in August

U.S. liquefied natural gas (LNG) exporters could see the cancellation of an estimated 40-45 cargos for August loading, similar to levels reported for July loadings, Kallanish Energy reports. Citing unnamed sources, Reuters reported earlier this week Cheniere is likely to see 30 cargos canceled, while up to 10 shipments could be canceled from the Freeport

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Snam, investment funds buy 49% stake in Adnoc gas pipeline assets

Italy’s energy infrastructure operator, Snam, has partnered with five international funds to invest in a 49% stake in Adnoc Gas Pipelines, in a deal valuing the Abu Dhabi company in $20.7 billion. The transaction, announced by Adnoc and the other companies on Tuesday, is expected to close in July. Once complete, the newly created subsidiary

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Economic Reopening: Manufacturing Opportunities for Pennsylvania

Tom ShepstoneShepstone Management Company, Inc. … … Cabot Oil & Gas, in cooperation with Penn’s Northeast and the Wyoming County Chamber of Commerce hosted a Think About Energy Briefing on economic reopening. The following is reposted from the Think About Energy site. The webinar featured U.S. Congressman Dan Meuser (PA-09), Penn’s Northeast President and CEO John

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Phil Murphy, the Pander Bear, Plays Racial Politics with Energy

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Phil Murphy, another New Jersey governor from Wall Street has decided to play racial politics with bill that will halt revitalization of poor communities. Not even Andrew Cuomo, as grossly corrupt as he is, has thought up something this vile and evil–using the currently toxic environment of race relations

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Pipeline Case Reveals the Non-Caring Elitist Agenda of Greens

Paul DriessenCommittee For A Constructive Tomorrow …. ….  The recent Supreme Court decision in the case of the Atlantic Coast Pipeline reveals the true very non-green political agenda of those who say they’re green. The US Supreme Court recently ruled 7-2 to reverse a lower court ruling that had invalidated a permit for the Atlantic

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Shale Gas News – June 20, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Governor Tom Wolf, Atlantic Coast Pipeline, Range Resources and much more last week. The Shale Gas News has grown again to the

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Latest Orphan Well Report Overestimates Number of Wells and Cost of Plugging

Orphaned wells have been making headlines recently as a potential source of methane emissions. The oil and natural gas industry and regulatory agencies have collaborated on identifying the number of these wells and finding solutions to the unique challenges they present, particularly since most of them were drilled in the 1800s and early 1900s. Most

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