Volume 122, Issue 5

SapuraOMV Upstream Assets Sdn Bhd (SUA) earlier this year achieved first gas at Jerun field in Block SK 408, about 160 km off the coast of Sarawak, Malaysia. Comprising an integrated central processing platform, Jerun will export gas to the E11RB production hub for onward delivery to Bintulu-based customers including Malaysia LNG. You can read more about the world’s biggest oil and gas companies and the global LNG industry in our OGJ 50/100 and LNG Update special reports, beginning on p.16 and 32, respectively. Photo from Petronas.

Volume 122, Issue 5

Digital Edition

Journally Speaking: Mergers remain robust

Aug. 12, 2024

M&A activity is one strategy for companies looking to strengthen positions, diversify portfolios, and achieve operational efficiencies.

General Interest

Editorial: Good times, better times

Aug. 12, 2024

The US political season is in full swing. As part of this quadrennial dance, both the anti-regulatory hawks and the climate-change zealots are in full flight, with the oil and...

General Interest

US federal court send Commonwealth LNG back to FERC

Aug. 12, 2024

Startup of Commonwealth LNG LLC’s proposed 9.5 million tonnes/year (tpy) plant in Cameron Parish, La., could slip after a US Court of Appeals for the DC Circuit told the...

General Interest

Williams to start work on Louisiana natural gas pipeline despite ongoing dispute

Aug. 12, 2024

Williams Cos. notified the US Federal Energy Regulatory Commission (FERC) that it “intends to proceed” with construction of its 1.8-bcfd Louisiana Energy Gateway (...

General Interest

US court rulings put oil leases on hold in Alaska, Wyoming, pending environmental reviews

Aug. 12, 2024

Two federal courts, in separate cases, ruled July 16 that US Interior Department agencies in Alaska and Wyoming could not issue oil and gas drilling permits until they conduct...

More content from Volume 122, Issue 5

General Interest

ADNOC-OMV consortium, Wanhua partner for proposed Chinese polyolefins complex

Aug. 12, 2024

Borealis AG and Abu Dhabi Polymers Co. Ltd. (Borouge) —shared assets of Abu Dhabi National Oil Co. (ADNOC) and OMV Aktiengesellschaft—have entered an agreement with...

General Interest

Shell takes FID on 2.7-tcf Manatee gas field off Trinidad and Tobago

Aug. 12, 2024

Shell Trinidad and Tobago Ltd., a subsidiary of Shell PLC, has taken final investment decision on the Manatee project, a 2.7 tcf undeveloped natural gas field in the East Coast...

General Interest

Beacon Offshore produces first oil from Winterfell

Aug. 12, 2024

Beacon Offshore Energy LLC, Houston, started oil production at the Winterfell development in the Green Canyon area of the US Gulf of Mexico. Winterfell, a Miocene-aged field discovered...

General Interest

Indian Oil’s expansion of Digboi refinery under way

Aug. 12, 2024

Indian Oil Corp. Ltd. is progressing with the 350,000-tpy expansion of its 650,000-tpy Digboi refinery in Tinsukia District of Digboi, in the northeastern region of Assam, India...

General Interest

Federal court judge bans Biden administration LNG export pause, immediate impact unclear

Aug. 12, 2024

A US federal court judge in Louisiana on July 1 blocked the Biden administration’s pause on LNG export permits, but the real-world impacts of the ruling remain uncertain...

General Interest

Some E&P firms reining in 2025 capex plans, Dallas Fed survey says

Aug. 12, 2024

Capital spending plans among exploration and production (E&P) firms in the Federal Reserve Bank of Dallas’ service area have retreated since early spring amid persistent...

Economics & Markets

2023 OGJ100 earnings down on lower commodity prices

Aug. 12, 2024

Due to the decrease in commodity prices in 2023, the latest OGJ100 survey indicates that the financial performance of the group stayed solid for 2023 but declined compared with...

Economics & Markets

OGJ50 firms report lower net income in 2023 on falling commodity prices

Aug. 12, 2024

In response to this dramatic reduction in the number of oil and gas companies, the OGJ150 report has evolved into the current OGJ50 report.

Global Liquefaction Capacity Growth by Region (Fig. 1).

LNG

Supply constraints limit global LNG market growth

Aug. 12, 2024

Despite lower prices, the growing global LNG market remains tight amid supply constraints.

LNG

Qatar LNG expansion looks to East Asia for continued growth

Aug. 12, 2024

While the global natural gas market faces some difficulties due to the political risk associated with the LNG trade, Qatar’s LNG production expansion and subsequent diversification...

LNG

Glenfarne EVP discusses Biden LNG pause, future opportunities

Aug. 12, 2024

In July 2024 Oil & Gas Journal editor-in-chief Christopher E. Smith interviewed Adam Prestidge, executive vice president – head of business affairs for Glenfarne Energy Transition...

Selected Sapphire Well Locations (Fig. 1).

Drilling & Production

Sapphire field petrophysical evaluation reveals reserve trends

Aug. 12, 2024

Sapphire field’s Kafr El Sheikh formation in the Nile Delta represents a promising reservoir rock characterized by a diverse range of petrophysical parameters.

Indian Southeast Continental Margin (Fig. 1).

Exploration & Development

Sri Lanka’s Mannar basin holds untapped gas potential

Aug. 12, 2024

Offshore Sri Lanka contains undeveloped oil and gas resources. Mannar basin straddles Sri Lankan and Indian waters and has only been explored by a handful of wells.

Refining & Processing

Ghana advances West Africa’s first downstream hub

Aug. 12, 2024

Alongside update on Petroleum Hub Development Corp.'s first-phase development and providing an overview of the three-phase industrial hub, this article examines the status of ...