Allies Russia and Saudi Arabia, the two largest oil producers in the world, are strengthening their cooperation and relationship with a number of bilateral partnership proposals, including a liquefied natural gas (LNG) project in Russia.
Fuel-loading at the world's first Westinghouse-designed AP1000 nuclear reactor, located on China’s east coast, has been delayed due to "safety concerns" — the latest in a long line of setbacks for the project, the China Daily reported on Tuesday.
Australia’s largest independent oil and gas producer, Woodside Petroleum, announced on Wednesday it’s purchasing ExxonMobil’s 50% stake in the Scarborough field, offshore Australia, Kallanish Energy reports.
Woodside Petroleum launched on Wednesday a A$2.5 billion ($1.96 billion) share sale to raise funds to take control and develop the Scarborough gas field in Western Australia, as well as other projects.
South Korea’s Korea Gas Corp (KOGAS) has entered court-administered arbitration with Australian joint venture North West Shelf Gas seeking to settle a dispute over a liquefied natural gas (LNG) contract that expired in 2016.
Chinese government is believed to have intervened in the recent rise in thermal coal prices due to stronger demand, setting a price cap at the Qinhuangdao port, a senior Wood Mackenzie analyst said on Friday.
India’s Oil & Natural Gas Corp. (ONGC) plans to sell its stakes in two state-run energy companies within a year to repay debt it raised to fund the purchase of the Indian government’s stake in Hindustan Petroleum, people with knowledge of the matter told Bloomberg.
India’s efforts to more than double the share natural gas has in its energy mix to 15% by 2022 demands a huge increase in imports and the construction of more LNG terminals, a government official said Wednesday.