Asia/Pacific

How to utilize solar potential

In an age where traditional methods of energy generation, such as burning coal and gas to generate electricity emit greenhouse gases, the energy transition movement has seen the need to investigate alternative or renewable energies. Wind and solar seem to be favored forms of alternative energies to be scaled up first.

China Eyes Continued Expansion of Smaller-Scale LNG

Smaller-scale liquefaction in China, the world’s second-largest LNG importer, has experienced growth in recent years as China’s government integrates more gas into the country’s energy matrix. With more than 75% of installed global capacity for smaller-scale LNG production and a market capacity anticipated to reach 20 MMtpy this year, China is expected to remain the global hotspot for smaller-scale LNG through at least the late 2020s.

Global Project Data update for October 2020

Although the gas processing and LNG industries took a major hit during the COVID-19 pandemic, new project announcements within the sector have increased for two straight months

Advances in the OCC process for propylene production

Driven by rising demand for polypropylene, cumene, acrylonitrile and other derivatives, increasing global demand is seen for propylene.

Business Trends: The downstream dilemma: Past, present and future of downstream energy

The oil industry’s interest in the downstream segment of the business has known ups and downs. This article reviews the past, present and projected future of the downstream sector and its companies.

Industry Perspectives: Petrochemicals surge despite possible future roadblocks

Over the past several years, investments in petrochemicals capacity additions have skyrocketed. Hundreds of billions of dollars have and will be invested in additional petrochemicals units and complexes.

Business Trends: Global LNG projects to compete with pipeline gas

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s.

Business Trends: Application of blockchain technology in the petrochemical industry

A JV between Equatorial Guinea’s Ministry of Mines and Hydrocarbons and Marathon Oil plans to build a modular refinery on Bioko Island. In late April, the JV signed a contract to VFuels to conduct a feasibility study for the 5,000-bpd facility. The project involves dismantling a methanol plant and converting it into a refinery. If built, the facility—part of Equatorial Guinea’s Year of Investment 2020 initiative—would provide refined products to satisfy increasing domestic demand.

Construction begins at massive polymer plant

A construction site in the Amur Region saw the sinking of the first test pile in the foundation of Amur Gas Chemical Complex, a facility set to become one of the world’s largest and most advanced basic polymer producers. The official ceremony was held online and was attended via video conference by Mikhail Mishustin, Prime Minister of the Russian Federation, relevant Ministers, Vasily Orlov, Governor of the Amur Region, Dmitry Konov, Chairman of the Management Board at SIBUR Holding, and other representatives of government authorities, the Company and its partners.

Offshore wind continues strong growth, bolstered by new floating projects

As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.

Singapore says LNG bunkering capacity likely to hit 1MM tons by 2021

Singapore’s annual LNG bunkering capacity is expected to hit 1MM tons by 2021, as the world’s largest marine refueling hub transitions toward cleaner shipping fuels, a senior minister of state said. The push is part of the International Maritime Organisation’s (IMO) aim to halve the sector’s greenhouse gas emissions by 2050 from 2008 levels.

Japan's JERA looking to build 2 LNG power plants, scrap 5 aging units

Japanese power generator JERA announced it has begun an environmental assessment on building two 650 megawatt (MW) LNG power plants at its Chita thermal station in central Japan, and plans to scrap five aging plants.

Pipeline politics

Pipeline politics Recent news in the pipeline sector outside of the US has mainly focused on 2 particular gas projects, one very much under construction and nearing completion, and the other still in the planning phase, possibly for a good while yet. Comprehensive details of both are to be found on..

A quiet year for LNG

A quiet year for LNG 2020 has been a quiet year for the global LNG industry, certainly as far as project development is concerned. The Covid-19 global pandemic has had a negative effect across the whole industry, from plants to shipyards. If 2019 was business as usual for the booming LNG industry,..

BP to focus transition portfolio in solar generation

The United Kingdom based BP aims to move from an international oil company (IOC) to international energy company (IEC). Bernard Looney, BP’s Chief Executive Officer recently stated, “No one knows the precise path – but the energy mix is changing – oil and gas are going to be increasingly challenged – and other forms of energy are going to see incredible growth”. To this he continued that, “We have a new guiding purpose – to reimagine energy for people and our planet. A bold ambition – to be a net zero company by 2050 or sooner and to help the world to net zero”.

BP's Tangguh LNG Train 3 in Indonesia delayed again due to pandemic

The start of operations of Train 3 at BP's Tangguh LNG plant in Indonesia is set to be pushed back again due to labour restrictions implemented as a precaution during the coronavirus pandemic, the company and a regulator said. Train 3 is now expected to start production in the fourth quarter of 2021, Dwi Soetjipto, chairman of upstream oil and gas regulator, SKK Migas, told a parliamentary hearing on Wednesday.

2020 AFPM Summit: Five trends to watch as coronavirus reshapes the global olefins industry

The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being affected to the extent that it will undoubtedly reshape the wider industry.

Calculating petroleum quantities in the 21st century

Over the past 100 yr, a number of technological advances and process improvements have dramatically changed how the oil and gas industry finds, produces and refines petroleum. The industry has made vast improvements in physical property databases, calculation procedures, and the determination of density and petroleum quantities by incorporating advances in modern processing technologies and updating measurement standards.

Global announcements and developments July

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Oil firms ready to pick up the infrastructure divestment pace

Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates Oil and gas producing firms create the most value by exploring for, developing and producing hydrocarbons. Internal rates of return (IRRs) far in excess of 20pc are the norm for successful upstream ­projects.

Global announcements and developments June

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

China’s challenge: securing sufficient gas

The pandemic appears to have barely dented China’s hunger for gas. The difficulty remains building sufficient production, import, storage and transport capacity to satisfy demand China’s natural gas demand has proved to be surprisingly resilient in the face of the Covid-19 outbreak.

Maintenance: How to conduct successful turnaround maintenance at refineries

PricewaterhouseCoopers reports that, since 2014, the oil and gas industry has put off noncritical spending to reduce costs.1 In 2016, for example, the average number of backlogged labor hours for corrective and deferred safety-critical maintenance increased by 25%.1 While deferring maintenance saves resources initially, such delays lead to unsafe equipment and reduced output due to sub-par equipment.

IEA warns of investment chasm

Global investment in the energy sector will contract sharply in 2020, with governments prioritising control of the Covid-19 pandemic and many economies able to reopen only partially. In its World Energy Investment 2020 report, the IEA estimates that global investment could decline by 20pc—the largest slump ever recorded.

LNG: Intercontinental to inter-regional?

Price differentials are threatening the economics underlying global LNG arbitrage. But the lower prices may unlock competition within regions It was all going rather well for efficient global LNG trade. The associated gas boom that accompanied the US shale oil revolution drove Henry Hub prices to bargain-basement levels just at a time when the country was developing its first wave of liquefaction and export capacity, most of it linked to those Louisiana prices.

More Pipelines Are Needed for India to Increase LNG Imports — EIA Report

(P&GJ) — Data compiled by the U.S. Energy Information Administration (EIA) shows that as India continues to increase its imports of LNG, the country will need to quickly complete construction on its planned gas pipelines.

Arctic LNG sea fleet: Carrying gas from the cold

At present, 20 of the world’s approximately 500 in-service LNG carriers are used, or planned for use, to carry natural gas produced by the world’s northernmost LNG liquefaction projects. These projects include Equinor’s operating Hammerfest LNG plant on Melkøya Island in northern Norway; Novatek’s recently commissioned Yamal LNG terminal in Sabetta in Russia’s northeast Yamal Peninsula; and Novatek’s under-construction Arctic LNG 2 project in Russia’s Gydan Peninsula.

Kazakhstan Pipeline Work Continues Despite Tengiz Slowdown

ALMATY (Reuters) - Kazakhstan's biggest oil producer Tengizchevroil (TCO) has reduced some work on its $45 billion expansion project in the west of the country due to the coronavirus outbreak, the company said on Tuesday.

Licensing rounds announcements and developments

The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses