News
September 21, 2022
Mubadala Energy confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia.
News
September 06, 2022
Sarawak Shell Berhad, together with PETRONAS Carigali Sdn Bhd, has taken a final investment decision to develop the Rosmari-Marjoram gas project. Gas production is expected to start in 2026.
News
August 16, 2022
Jiangsu Strong Wind Shipyard finished constructing a new floating production unit and it has been delivered to ABS Class. It will be towed from China to Indonesia for installation at the Madura Block gas fields offshore East Java, Indonesia.
News
July 13, 2022
Mubadala Petroleum announced that the drilling of the Timpan-1 exploration well offshore North Sumatra, Indonesia, has been completed with the discovery of a 390-foot gas column.
News
June 01, 2022
This achievement further establishes the company as a strategic player in the international energy sector and marks a 22% increase in production from 2021.
News
March 21, 2022
Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.
News
March 11, 2022
Saudi Arabia is strengthening energy ties with China, as the oil producer Aramco agreed to build a multi-billion dollar refining and chemicals project.
News
March 10, 2022
Europeans are very lucky that it was a warm winter, panelists said during CERAWeek by S&P Global energy conference, referring to an ongoing natural gas crisis that start long before Russia invaded Ukraine.
News
March 08, 2022
The world and energy market are at a point in history, as important as the end of both world wars, and that was true before the Russian invasion of Ukraine, said Atlantic Council President and CEO Frederick Kempe.
News
January 18, 2022
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply.
News
January 11, 2022
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
News
January 04, 2022
China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales.
News
January 25, 2021
The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its name in the paperwork so it can be sold as a wholly different crude without a trace of its Venezuelan roots.
News
January 25, 2021
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder.
News
January 25, 2021
Iraq pledged to cut output in January and February after pumping more than its OPEC+ quota last year, and Libyan guards halted some crude exports after a pay dispute. Crude was also buoyed by a renewed climb in global equity markets as investors focused on the prospect of additional stimulus.
News
January 20, 2021
Traders have piled into oil this year, with output cuts from Saudi Arabia helping drive prices to the highest since February.
News
January 15, 2021
China National Offshore Oil Corp. has for years drilled in waters far from its borders, and within 200 miles of countries including Vietnam and the Philippines. The activity amounts to the oil giant acting like a “bully” for China’s military to intimidate its neighbors, U.S. Commerce Secretary Wilbur Ross said in a statement announcing the move, which restricts access to U.S. technologies without specific permission.
News
January 13, 2021
Saudi Aramco will supply less crude as part of long-term contracts next month, giving some Asian processors 20%-30% less than they had sought, according to company officials who received the notices but asked not to be identified as the information is private.
News
January 13, 2021
Global oil use dropped by 9 million barrels a day last year but should recoup more than 6 million in 2021, said Mike Muller, head of trader Vitol SA’s operations in Asia.
News
January 11, 2021
There have been signs across the oil market of traders expecting tighter supplies following the Saudi cuts. The shape of the Brent futures curve returned to backwardation earlier this week, meaning more immediate prices are trading at premiums.
News
January 11, 2021
Bullish factors have struck the LNG shipping market: robust Asian spot gas demand in a cold winter, record-high exports from U.S. projects and -- perhaps most importantly -- delays to traverse the Panama Canal.
