Cnooc

Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum (QP) is set to supply even more liquefied natural gas (LNG) to China starting next year under an agreement announced Wednesday. Under the sale and purchase agreement (SPA), QP would supply 3.5 million tons/year (Mty) over a 15-year term starting in January 2022 to the marketing subsidiary of China National Offshore Oil Corp.…

September 29, 2021
Petronas Inks $7B Deal to Supply LNG Canada Cargoes to CNOOC

Petronas Inks $7B Deal to Supply LNG Canada Cargoes to CNOOC

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…

July 7, 2021

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Tellurian Energy Inc. has named Charif Souki as executive chairman. Souki co-founded the company in 2016 and had been serving as nonexecutive chairman. The company is looking to better leverage his “marketing expertise and relationships” as its Driftwood LNG export project in Louisiana has struggled…

June 23, 2020
Global Natural Gas Market Still Wrestling with Coronavirus Impacts

Global Natural Gas Market Still Wrestling with Coronavirus Impacts

The global natural gas market is grappling with demand loss in China that’s resulted from the coronavirus outbreak, as spot prices in Northeast Asia have continued to tumble, more ships are idling, and buyers and sellers are trying to find a place for deferred cargoes.

February 14, 2020
China’s Shenzhen Gas Ramping Up LNG Import Terminal

China’s Shenzhen Gas Ramping Up LNG Import Terminal

China’s city-gas distributor Shenzhen Gas is planning to begin importing natural gas this week at the Yantian port in Shenzhen through subsidiary Sino-Benny.

August 19, 2019
Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico (GOM) months ahead of schedule, operator Shell Offshore Inc. said Thursday.

May 23, 2019

North American Shale ‘Ka-boom’ Transforming Markets Worldwide

Booming shale plays in the United States have proved to be more than transformational domestically, according to Jeff Welch, head of North American Gas for EDF Trading North America — they are having “mind-boggling” implications worldwide.

April 16, 2013

Argentina’s YPF, Bridas Sign $1.5B Shale Agreement

Yacimientos Petroliferos Fiscales (YPF) SA, Argentina’s newly state-owned energy company, announced Friday that it had signed a two-year, $1.5 billion agreement with Bridas Corp. to explore and drill for oil in two of the country’s shale plays.

January 2, 2013

Chesapeake Takes Partner in Utica Play

Two transactions to monetize a portion of Chesapeake Energy Corp.’s 1.5 million net acres in the Utica Shale of Ohio are expected to give the independent about $3.4 billion in proceeds, CEO Aubrey McClendon said late Thursday.

November 4, 2011