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Oil & Gas: Asia and Oceania See Project Launches, Service Deals, and Technological Advancements (July 1-7, 2024) This week in Asian and Oceanian oil & gas news, several key developments signal continued activity and progress in the region. Here's a closer look: • India: Larsen & Toubro (L&T) secured a major project from ONGC for a subsea pipeline replacement and related works offshore India's west coast. This project signifies ongoing infrastructure upgrades in the region. • China: CNOOC successfully commenced production at its Wushi 23-5 oilfield in the South China Sea, demonstrating China's focus on domestic oil production. The project is expected to reach peak output in 2026. • Australia: Service sector giant Baker Hughes inked a significant 10-year deal with Woodside Energy to support its LNG operations in Australia. This highlights the growing importance of strategic partnerships in the oil & gas value chain. Additionally, Woodside is set to conduct a preliminary study for the Greater Sunrise development, indicating potential future resource exploration in the region. • Technology Advancements: Lummus Technology's contract with Reliance Industries for ethylene cracking heater supplies showcases continued investment in refining technologies across India. Furthermore, GTT's design contract for a new LNG carrier tank exemplifies ongoing advancements in LNG transportation infrastructure. These developments point towards a dynamic oil & gas landscape in Asia and Oceania, with a focus on infrastructure, production growth, strategic collaborations, and technological innovation.

FuelInfo Alert! 🚨💡_20/11/24 - _TotalEnergies and ONGC Join Forces_ 🤝: TotalEnergies and Oil and Natural Gas Corporation (ONGC) have signed a cooperation agreement to detect and measure methane emissions using TotalEnergies' AUSEA technology. - _Adani Group's $35 Billion Investment_ 📈: Adani Group plans to invest $35 billion in setting up solar, wind, and hybrid plants over the next five years. - _Iraq Crude Oil Supply_ 🚚: Iraq is likely to remain the second-largest supplier of crude oil to India after signing a deal with HPCL. - _Indian Petroleum Consumption_ ⛽️: Petroleum consumption in India increased by 8% in October. - _Waaree Energies' Infrastructure Investment_ 💡: Waaree Energies will invest Rs 6000 crore in developing infrastructure for renewable power projects. - _ONGC and NTPC Joint Venture_ 🌞: ONGC and NTPC have incorporated a joint venture firm to work in the renewable green energy sector. - _Network Planning Group's Infrastructure Evaluation_ 📊: The Network Planning Group is evaluating eight infrastructure projects, including rail and road projects, under PMGS. - _Himachal Government's Road Connectivity Assurance_ 🌉: The Himachal government has assured road connectivity at Bara Bhangal in Kangra district within the next two years. - _WTI Crude Price_ 💸: WTI crude price stands at $69.39 per barrel. ##crudeoil #oil #Fuel #c9

Oil and Natural Gas Corporation Limited (ONGC) is looking to hold auctions to select developers for building its planned 1.2 GW greenfield renewable energy projects. India's largest oil and gas producer aims to hold two rounds of auctions, offering 600 MW in each, with the first round planned in two months. ONGC intends to use both greenfield developments and acquisitions to build a green energy portfolio of 10 GW by 2030. ONGC's first tender for 600 MW will require bidders to offer a price for developing the full plant. The minimum bid size will be 300 MW. A bidder will be expected to arrange land and grid connectivity and undertake EPC for the project. #greenfield #green #energy #project #bidder #elekoreenergy #auction

Oil & Gas Development Company Ltd. Pakistan Revives Heavy Oil Well in Chakwal, Enhances Production at Rajian Oil Field Report By Energy Update Magazine #ISLAMABAD, December 16, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully revived a heavy oil well in the Northern Region field, marking a significant milestone in the nation’s energy sector. The initiative was undertaken at the Rajian Oil Field located in Gujar Khan Exploration License (E.L.), district Chakwal, and is part of OGDCL’s strategic moves to enhance production capabilities. Earlier, the field’s four heavy oil-producing wells were contributing 1,500 barrels per day (BPD). With the successful completion of the revival process, the cumulative production from the Rajian Oil Field has now surged to 2,500 BPD. OGDCL developed a robust optimization plan for the Rajian field, including 11 workover jobs and the deployment of advanced artificial lift systems. Rajian-3A, the first target of this initiative, reaches a depth of 3,652 meters. The well had been temporarily suspended in 2020 due to formation challenges. Employing an innovative approach, OGDCL completed the well using an Electrical Submersible Pump (ESP) in the Chorgali-Sakessar and Tobra formations. This effort successfully revived production at the well, augmenting output to 1,000 BPD. The optimization program for the remaining 10 wells is underway and OGDCL anticipates a significant boost in production from the Rajian field. Furthermore, OGDCL-owned Rig N-4, deployed for the implementation of the innovative program, will remain at the Rajian field for the entire duration. The expected outcomes will be shared with shareholders upon completion of these operations, reflecting the company's commitment to maximizing asset potential and ensuring value creation. This achievement underscores OGDCL’s commitment to operational excellence and sustainable energy development. By leveraging innovative technologies and optimizing asset potential, OGDCL continues to play a crucial role in strengthening Pakistan’s energy security and solidifying its position as a leader in the hydrocarbon sector. OGDCL Official #oilandgas #oil #energyupdate Monthly Energy Update #oildiscovery #goodnews

Join us live at ET Oil & Gas Annual Conclave as Senthil Kumar Nachimuthu, Director (Pipelines) & Director (Planning & Business Development), Indian Oil Corp Limited, and Chairman, IHB LTD (A JV of IndianOil, HPCL & BPCL), deliver the inaugural Address. His insights on strategic planning, pipeline infrastructure, and business development will set the stage for a day of transformative energy discussions. 🌍💡 Stay tuned for this impactful opening session! Know More: https://bit.ly/4cnB5iQ Key Takeaways "Land acquisition and regulatory delays challenge pipeline projects. Collaborative efforts, flexible regulations, and public-private partnerships are vital to unlocking India’s pipeline infrastructure potential for an efficient energy supply network." -N. Senthil Kumar, Director (Pipelines) & Director (Planning & Business Development), Indian Oil Corporation and Chairman, IHB Ltd #ETOilandGas #ETEnergyConclave #ExhibitingInnovation #EnergyRevolution #IndustryEngagement #SustainableTechnologies

𝐀𝐃𝐍𝐎𝐂 𝐆𝐚𝐬 has awarded three infrastructure contracts worth $2.1 billion for its Ruwais LNG project in 𝐀𝐛𝐮 𝐃𝐡𝐚𝐛𝐢. The contracts, aimed at supporting the development of 𝐋𝐍𝐆 𝐩𝐫𝐞-𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐩𝐥𝐚𝐧𝐭𝐬 (𝐋𝐏𝐏), compression facilities, and transmission pipelines, will enhance the infrastructure at the company’s LNG complex in 𝐀𝐥 𝐑𝐮𝐰𝐚𝐢𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐂𝐢𝐭𝐲. The largest contract, valued at $1.24 billion, was awarded to a consortium including ENPPI and Petrojet for the LPP. 𝐂𝐡𝐢𝐧𝐚 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐏𝐢𝐩𝐞𝐥𝐢𝐧𝐞 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 (𝐂𝐍𝐏𝐂) won a $514 million contract for the transmission pipelines, while Petrofac Emirates will develop the $335 million compression facilities. These projects are part of 𝐀𝐃𝐍𝐎𝐂’s broader $15 billion capital expenditure plan, which will increase LNG production capacity to over 15 million tonnes per annum by 2028. The expansion is expected to drive 𝐀𝐃𝐍𝐎𝐂’s growth, with a focus on large-scale gas processing and strengthening its global position in the LNG market. #ADNOCGas #RuwaisLNG #LNGInfrastructure #GasProcessing #Petrofac #CNPC #EnergyExpansion #UAEEnergy #LNGCapacity #OilAndGas #InfrastructureContracts #SustainableGrowth #LNGDevelopment #GasPipeline #MiddleEastEnergy #EnergyTransition #GlobalEnergy #Petrojet #ENPPI #CleanEnergy #AbuDhabi NC: Offshore Energy

Today marks a landmark moment in India’s energy sector as the Nation celebrate the foundation day of *Oil and Natural Gas Corporation Limited* (ONGC). Established on August 14, 1956, ONGC has transformed from a fledgling public sector entity into India's largest government-owned oil and gas exploration and production company. *Over the past almost seven decades, ONGC has played a crucial role* in shaping India’s economic landscape, driving wealth creation, generating employment, and fortifying the *nation’s energy security.* This milestone offers an opportunity to extend our deepest appreciation and congratulations *to every ONGC employee whose dedication and expertise* have been central to the company’s enduring success. As ONGC commemorates its *foundation day,* it is an occasion to reflect on the company's remarkable journey and its invaluable contributions to India’s energy sector From its modest beginnings to its current status as a *global energy leader,* ONGC’s success is a testament to the dedication and hard work of its employees. As we look at the future, *ONGC will undoubtedly* continue to play a crucial role in securing India’s energy future and contributing to *the nation’s economic growth.* https://lnkd.in/gm2FqS46

India’s state-controlled Oil and Natural Gas Corporation Limited (ONGC) has selected bp as technical services provider for its Mumbai High asset as it seeks to revive oil and gas production at the ageing flagship field.

ADNOC takes positive FID on the Ruwais LNG project   ADNOC has taken positive final #investment decision (FID) on its Ruwais LNG project and awarded the project's #engineering, #procurement and #construction (EPC) contract (issued a Full Notice to Proceed - FNTP) valued at approximately $5.5 billion (AED20.2 billion). According to the Global LNG Database®, Ruwais LNG project in Al Ruwais Industrial City, #AbuDhabi is set to become one of the lowest-carbon intensity LNG plants in the world as it will use #electric-driven motors instead of conventional #gasturbines.   The project will significantly enhance ADNOC's LNG production capacity aligning with global #naturalgas demand and the shift towards #decarbonization and #sustainableenergy. ADNOC had already issued a Limited Notice to Proceed (LNTP) for early EPC activities to a Technip energies-led JV with JGC and #UAE’s National Petroleum Construction Company (NPCC) for the project.   ADNOC’s 9.6 MMT/Y new LNG export project’s #FEED work was undertaking by McDermott International, Ltd. Perfect information about the world’s LNG import/export projects such as “Ruwais LNG project” is available on the Global LNG Database®. Learn more at: https://lnkd.in/dSG73cW To see more posts like this in your feed and stay up-to-date with what is going on in the LNG world, follow Global LNG Info on LinkedIn at https://lnkd.in/e442DdDn #constructionprojects #lngindustry #lngshipping #energy #investment #energyindustry #energymarkets #energyprojects #constructionjobs #constructionindustry #infrastructure #database #naturalgasindustry #gasprices #sales #work #developer #middleeast #middleeastjobs #middleeastenergy #uaenews #uaejobsearch #uaejobs #stage #project #gasindustry #gasprocessing #globallngdatabase

TotalEnergies touts anti-flaring project TotalEnergies and its partners, Basra Oil Co. and QatarEnergy began construction of ArtawiGas25, a first processing facility for the associated gas from the Ratawi field, located in the Basra region. This facility, which is part of the Gas Growth Integrated Project (GGIP), represents an investment of around US$250 million and will process 50 million cubic feet per day (Mcf/d) of gas previously flared. The gas will supply local power plants, covering the demand of approximately 200,000 households in the Basra region. Signed in September 2021, the GGIP project is a US$10 billion multi-energy project designed to enhance the development of Iraq’s natural resources and improve the country’s electricity supply. The GGIP includes a large-scale gas processing plant, with a first phase of 300 Mcf/d that will recover gas being flared on three oil fields and supply gas to 1.5 GW of power generation capacity. In anticipation of the start-up of this main gas processing facility, the ArtawiGas25 project will significantly reduce gas flaring at the Ratawi field as early as end 2025. The modular design of ArtawiGas25 could also pave the way for potential replication across other Iraqi oil fields, the companies said. ArtawiGas25 will create up to 160 direct and indirect jobs for Iraqi nationals during construction phase and 30 jobs during operation phase. “We are very pleased to launch the ArtawiGas25 project: it will give the Iraqi people a tangible insight into the benefits of the GGIP, which will provide more energy with less emissions,” said Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies. For more information on the Construction, Mining Equipment and Allied Industries, please reach us at www.equipmenttimes.in Ramamurthy Mayavan Philip Varghese Editor In Chief- EQUIPMENT TIMES #development #electricity #constructionmachinery #infrastructure #contractor #constructionequipment #construction #manufacturing #Equipment #machinery #mining #miningequipment