First thing first, Eskom has again apologies for the severe extent of loadshedding in some parts of South Africa. The impact on individuals and businesses is understood. The minimising of loadshedding is the highest priority for Eskom and continuous focus at all levels in the organisation is being given. Eskom stated that it appreciates the […]

China threats have not deterred Indonesia as the country has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said. The Tuna field, located in the South China Sea between Indonesia and […]

Eni has announced another new gas discovery offshore Cyprus with the well Zeus-1, drilled in Block 6, 162 km off the coastline in 2300 meters of water depth. The Block is operated by Eni Cyprus, holding 50% interest, with TotalEnergies as partner. Zeus-1 is the third consecutive discovery in Block 6. It follows Cronos-1 and […]

Woodside fully supports policies that aim to bring down cost of living pressures for Australian households. The Federal Government’s broader plan to intervene in the Australian gas market will not meet this objective and could make matters worse. A policy of such significance, proposed without any meaningful consultation with industry, creates an environment of uncertainty […]

Our attention has been brought to media reports, following the issuance of a statement declaring Force Majeure on Monday 17th October 2022, that operations at its facilities have been shut down due to flood. To correct some misinformation on the declaration, we would like to clarify: 1. The Company’s plant is in operation though at […]

Prime Minister Mostafa Madbouly has issued Resolution No. 3574 of 2022 setting the selling price of natural gas supplied to the cement industry at $12 per million British thermal units (MMBtu). The decision included in its second article, setting the selling price of natural gas supplied to the petrochemical industry (for the production of ethane […]

Neptune Energy and its partners announced an extension of higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,0001 UK homes per day. In April 2022, Norwegian authorities granted Neptune and the Duva licence partners a permit to temporarily increase gas production by 6,500 barrels of oil equivalent per […]

As part of the broad measures to address the loadshedding crisis, Eskom has launched three programmes to procure much needed power for the national grid. Initially the programmes will focus on generators capable of supplying more than one Megawatt to the grid. Over time the threshold will be lowered to enable smaller producers to participate. […]

Commonwealth LNG, a subsidiary of Commonwealth Projects, and Woodside Energy Trading Singapore Pte Ltd, a subsidiary of Woodside Energy Group have  announced the conversion of their non-binding heads of agreement (HOA) into two binding LNG Sale and Purchase Agreements (SPAs), signed 2 September 2022. The SPAs are for the supply of up to 2.5 million […]

Woodside Energy Trading Singapore Pte Ltd (Woodside) has entered into a flexible long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE (Uniper) for Woodside to supply LNG from its global portfolio into Europe, including Germany, for a term up to 2039, commencing in January 2023. The quantity of LNG to be supplied under […]