The North Sumatra MC2D data rejuvenation project from PGS will provide a new look at one of the hottest hydrocarbon provinces in Indonesia following the successful Timpan-1 discovery in 2022. Data will be ready in Q2 2024.
Archives for June 2023
Record Numbers Gathered in Norway for the twelfth Trondheim CCS Conference (TCCS-12)
Recently, carbon capture, transport, utilisation and storage (CCS) experts from around the world gathered in Trondheim for the twelfth Trondheim CCS Conference (TCCS-12). Never before had there been such a large interest in the conference, with a record number of participants, nationalities, and abstract submissions.
North America natural gas demand surges on summer heat wave, triggering short-term price jump after muted shoulder season
Rystad Energy’s North America gas and LNG market update from analyst Ade Allen says after a muted shoulder season for North American gas markets, summer has arrived with a bang and demand is set to surge.
Searcher’s commences new 3D Multi-Client survey offshore Papua New Guinea
Searcher Seismic, in cooperation with the Department of Petroleum & Energy and Larus Energy, has commenced the Nanamarope 3D Multi-Client Seismic Survey located over multiple permits in the offshore Gulf of Papua.
PGS Signs MultiClient Reprocessing Agreement in Sarawak
PGS, together with JV consortium partners TGS and SLB have signed a MultiClient reprocessing agreement to expand MultiClient 3D coverage in the prospective Sarawak province offshore Malaysia.
TTF prices top $14 per MMBtu on Norway maintenance delay – Rystad Energy’s Gas and LNG Market Update reveals
China to lead LNG regasification pipeline capacity additions in Asia by 2027, says GlobalData
China is set to dominate the liquefied natural gas (LNG) regasification capacity additions in Asia, contributing around 34% of the region’s capacity additions by 2027, according to data and analytics company, GlobalData.
NextDecade agreements with Global Infrastructure Partners and TotalEnergies clears path for Rio Grande LNG Project
NextDecade has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies to enable the final investment decision for the Rio Grande LNG project Trains 1, 2 and 3 (Phase 1) in Brownsville, Texas and to provide momentum for the further development of RGLNG Train 4 and Train 5.
In terms of the agreement, GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. The agreements are expected to further provide GIP and TotalEnergies options…
Federal Parliament Committee recognises importance of carbon capture
A Federal Parliamentary Committee has recognised the importance of carbon capture technology to Australia and regional climate mitigation efforts.
Hiroshima Summit calls for gas investment to avoid supply shortages
Pipeline gas to Europe declined 10% in May but robust Europe and Latin America demand saw LNG exports rise 3.5% year-on-year as gas storage sites continued refilling in the USA and Europe, the latest report from the Gas Exporting Countries Forum has revealed.