Gas

CNOOC Announces Significant South China Sea Discovery

CNOOC Limited has made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 …

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Arctic LNG Project Progresses despite COVID-19 Impact

Despite the impact of COVID-19, the implementation of the Arctic LNG 2 project has been progressing, Russia’s largest independent gas producer Novatek has said. “Currently, the overall progress for the Project is estimated at 19%, with concrete casting of the first GBS platform estimated to be completed by 37%,” Novatek …

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Hungary to Join TurkStream Gas Pipeline via Serbia

A Hungarian firm announced Saturday it will join the TurkStream gas pipeline, running from Russia to Turkey. MOL said it will join the gas pipeline through Serbia. The regulator approved a 10-year development plan that includes the construction of a new Serbian-Hungarian gas inter-connector, with a capacity of 6 billion …

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U.S. LNG Exports Crash by More Than 50%

Historically low natural gas prices from Asia to Europe and lower demand in the pandemic have resulted in U.S. exports of liquefied natural gas (LNG) dropping from 8.1 billion cubic feet per day (Bcf/d) in January to an expected export volume of just 3.2 Bcf/d in July, the U.S. Energy …

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Asia to Lead Construction of New O&G Pipelines by 2024

Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday. The region expects 109 projects with a 46,699-kilometer length of new-build oil and gas pipelines. Roughly …

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