Singapore countdown begins for wealth fund Temasek to accept Shell offer for LNG assets of Pavilion Energy
UK major Shell is said to be finalizing the acquisition of liquefied natural gas assets of Pavilion Energy, the natural gas company set up by Singapore’s wealth fund Temasek, to give the Asian island state energy security.
Singapore wealth fund Temasek nears end of sales process to offload Pavilion Energy pipeline gas and LNG firm
Singapore wealth fund Temasek is close to completing a seven-month long sale process for the Asian island nation’s Pavilion Energy set up by Temasek in 2013 to develop liquefied natural gas assets.
Indonesia tells Bali energy event that nation has scope for more oil and gas and LNG investment on better terms
Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif said 68 of the country's 128 oil and gas basins remained entirely unexplored and that international energy companies would receive better terms for exploration and production in the country where the Abadi LNG project is advancing along with the Tangguh LNG expansion.
UK major BP reports loss of over $20 billion as cost of existing stake in Rosneft and Russian oil and gas
UK major and global LNG sector participant BP reported a loss of $20.4 billion for the first quarter of 2022 as it booked a series of charges and impairments related to its exit from Russian oil and natural gas amid Russia’s invasion of Ukraine.
Höegh LNG Partners reports revenue drops on three fronts amid chartering agreement and financing issues
Höegh LNG Partners, the US-listed company whose dominant shareholder is the de-listed Höegh LNG Holdings which is now partnered with the infrastructure unit of US investment bank Morgan Stanley, reported reduced third-quarter earnings in three revenue fronts for a reduced fleet of five vessels.
Arrival of Angolan LNG cargo will start up Arun LNG Hub agreement between Indonesia and TotalEnergies
Indonesian oil and gas company Pertamina said its gas and LNG subsidiaries would be cooperating with French major TotalEnergies on using the Arun LNG Hub, a former liquefaction plant on North Sumatra island.
Indonesia approves plan for Sumatra gas field development to support LNG exports and domestic needs
Indonesia’s energy regulator has approved the development plan presented by Spanish energy company Repsol to develop one of the Asian nation’s largest onshore natural gas fields that would enable more LNG to be exported instead of being held back for domestic use.
LNG producer Indonesia is latest to join list for Mozambique cargoes from Anadarko project
Indonesia, the Asian liquefied natural gas producing country, has signed an agreement to receive LNG shipments from the Mozambique export project in the southeast African nation being developed by Anadarko Petroleum of the US.
Japanese LNG producer Inpex opts for small island location for Indonesian export project
Inpex, the Japanese energy company with majority stakes in the Ichthys LNG project in Australia’s Northern Territory and the Prelude FLNG venture that has just come on stream is making progress on its Abadi onshore plant development in Indonesia.
Inpex expects to avoid Ichthys LNG mistakes with planned Indonesian Abadi joint venture
Inpex, the Japanese energy company with majority stakes in the Ichthys LNG project in Australia’s Northern Territory and with an onshore plant proposed for Indonesia, is expecting LNG to transform its earnings and for the new liquefaction venture to have a smoother path to completion.
