Puma Energy Papua New Guinea
Papua New Guinea encapsulates Puma Energy’s global strategy, focused on rapid organic growth in high potential energy markets Writer: Jonathan DybleProject Manager: Josh HylandPuma Energy has firmly planted its stamp on the global energy industry in the century since its inception. Founded in 1920, it is now considered to be one of the world’s largest mid-stream/downstream oil & gas companies with more than 8,300 employees manning its operations that span a total 49 countries.With a strategy focused on high potential markets, Papua New Guinea (PNG) is one country that encapsulates the Company’s dynamic approach as it looks to take advantage of new opportunities and secure rapid growth. Equally, Puma Energy pays back to the local community with its emphasis on socioeconomic development initiatives.Puma Energy entered PNG in 2014 after it purchased InterOil’s refining, logistics and marketing businesses. According to Jim Collings, Director of Puma Energy PNG, the Company hasn’t looked back since, establishing itself as the largest entity in downstream petroleum distribution throughout the country.“This business was attractive to us because we believe the economy of PNG is poised for further significant expansion and the underlying assets and operations of the business have significant strategic value,” he says.Napa Napa RefineryOne of the most significant components of Puma Energy’s PNG business is its Napa Napa Refinery, a facility located adjacent to Port Moresby that refines up to 32,500 barrels of oil per day. Since acquiring the production plant in 2014, Puma Energy has invested heavily in the refinery, raising the bar within the local market.There is significant potential…
PNG Power
Papua New Guinea’s growth as an attractive industrial proposition has reached new levels over the past decade, its previously uninviting landscape now being outweighed by the resources that lie beneath.Epitomising the evolution in March, the 2nd Papua New Guinea Petroleum & Energy Summit took place at the Stanley Hotel in Port Moresby; attended by the man tasked with overseeing this ongoing development and appeal to the rest of the world – Prime Minister, Rt. Hon. Peter O’Neill.He was joined by key ministry representatives to discuss continued project expansion in the energy infrastructure and oil & gas domain; focusing especially on exploration.“The outlook for PNG’s energy sector is positive, with attractive investment opportunities arising in the oil, gas and power markets,” a spokesperson for the event said. “As PNG develops its National Gas Commercialisation Strategy, the PNG Government considers how it can advance its financial infrastructure to gain intrnational investment and provide third party access regimes.”Set against this transitioning energy landscape, the 2nd Papua New Guinea Petroleum & Energy Summit 2018 took place from 19-21 March, 2018, held under the patronage of the Prime Minister and endorsed by the Minister of Petroleum, Hon. Dr Fabian Pok Mec Ph.D and Hon. Sam Basil, Minister of Communications, Information Technology & Energy.The Summit brought together senior government officials from the Ministry of Petroleum and the Ministry of Communication, Technology & Energy, and all the major industry players working in PNG, to discuss current energy projects and the future strategies for expansion. Key issues addressed included the current opportunities and projects in…
Setegap Ventures Petroleum Sdn. Bhd
Setegap Ventures Petroleum continues to meet clients’ complex requirements in an ever-evolving oil & gas environment through a turnkey pumping, drilling and tubing portfolio of servicesProject Manager: Josh HylandIncorporated in Malaysia in 2003 as a wholly-owned Bumiputra entity, Setegap Ventures Petroleum Sdn Bhd (SVP) has evolved over the past 15 years to become a one-stop centre for the oil & gas sector, providing an almost unrivalled array of well solutions to a loyal base of customers.Initiating back then as the only Malaysian owned and operated service provider for the upstream industry, its range of pumping and well services, well intervention solutions, production enhancements, and upstream drilling offerings have ensured longevity at the head of the sector.Always looking to diversify and expand its portfolio, SVP in 2008 enhanced its scope of operations to include CTU services as well, further demonstrating its flexibility and entrepreneurial flair in an industry not always blessed with such a luxury.“As SVP focuses on the core business of well pumping, CTU and cementing services, it is rapidly making its expertise known in Southeast Asia, with new markets also being opened in the Middle East,” SVP affirms on its website.CVP’s Chief Operating Officer, Mohd Zulhaizan Bin Mohd Noor spoke to Asia Outlook in 2017 about the Company’s evolution and constant search for continuous improvement: “As the need to increase production from existing wells became increasingly important, especially during the oil price downturn, it opened the door for SVP to increase our capability and fleet from just pumping to coil tubing, de-sander services and production…
Automation and Digitalisation in Oil & Gas
BGS Group has started the registration of companies attending AUTOMA Congress in Berlin, Germany, on 1-2 October. The format of the Congress is closed-door, which means that only a carefully selected audience of decision-makers will be presented with an opportunity to attend. AUTOMA unites more than 450 leaders of oil & gas companies, EPC contractors, refineries and pipeline operators.Among those already confirmed are companies including TechnipFMC, Equinor (former Statoil), Fluor, Saudi Aramco, Hellenic Petroleum Aspropyrgos Refinery, and others. Job titles to be present are Senior Vice President, Chief Digital Officer, Director Process Automation, Principal Engineer, CEO and other decision-makers from technical and business development departments.The AUTOMA Congress comprises a business programme, an exhibition area and a B2B meeting zone to conduct negotiations. Sessions are dedicated to:- Digitalsation in Upstream, Midstream and Downstream- Asset Management: Smart Contracts & Operation Optimisation- Cyber Security in the Oil & Gas Industry- Artificial Intelligence and Machine Learning in Oil & Gas- The Digital Future: Successful Cloud MigrationThe exhibition area consists of 45 stands. Technologies or products can be included with the Exhibition Package, which includes the participation of two delegates, two gala-dinner passes, and printing and installation of the exhibition stand. Contact the organiser to find out more through the website: https://goo.gl/b9ncoe; or by calling: +312 0808 7321
Oil & Gas Vietnam (OGAV)
The 6th edition of Oil & Gas Vietnam (OGAV) exhibition 2018 is the only specialised event in Vietnam that brings together an international congregation of both upstream and downstream oil & gas companies and also its supporting industries gathered in the heart of Vietnam’s oil & gas industry in Vung Tau.The oil & gas industry has major impacts on the development of Vietnam’s economy. Therefore, fluctuations in global crude oil prices has always been the focus of the economic and financial news. However, despite the changing trend of oil & gas, there is still huge demand for innovation and technological development to enhance ability for production and extraction while minimising risks. That is the reason why, for the past few years, the Oil & Gas Vietnam (OGAV) event has expanded and is now considered as the most authentic and one and only oil & gas event in Vietnam to showcase many advanced technologies and machineries in the industry.Besides that, the Oil & Gas Conference is held concurrently with the exhibition to match the pressing needs of the industry, and its design to show you how to boost innovation and stay ahead in this rapidly changing industry. Even with this intense schedule, visitors will still find countless opportunities to meet and mingle with thought leaders from many countries. WHEN: 23-25 OctoberWHERE: Vung Tau Province, VietnamCONTACT: viet@asiafireworks.comWEBSITE: www.oilgasvietnam.com
Fuelling China’s Growth
By Gavin Sutcliffe, Director of Gastech Governing Body As the demand for gas grows, the challenges of supply also increase. Key questions include, who will provide what to whom? Pipeline gas or LNG? And from which supplier?Natural gas is the fastest growing fossil fuel globally with LNG playing a major part in the supply of this increasingly important energy source. LNG supply growth has quadrupled since 1995; fuelled predominantly by growing demand from Asian economies. As a result, it has doubled its share of the international natural gas trade and triggered a significant increase in export capacity from producers including Qatar, Australia and the USA.Analyst, Wood Mackenzie forecasts global gas demand surging by as much as 41 percent over the next two decades, with LNG at the forefront of this new global ‘dash for gas’ as governments seek cleaner energy solutions to meet national energy requirements. The investment needed in driving such expansion of the global gas and LNG industry could reach a dizzying US$9 trillion, with most of that earmarked for major new infrastructure.During the recent Gastech 2018 Governing Body meeting in London, discussion focused on how the world was currently experiencing a challenge between international gas producing countries to determine who would ultimately take the spoils and lay claim to the title of ‘world’s most influential supplier’.Europe, China and India are among the key theatres of the global gas race and there is clear competition between producers in North America, Australia, Qatar and Russia; with their targets importers of LNG or pipeline gas, and…
Saka Energi Indonesia
Since last speaking to Saka Energi, the Company has engaged in numerous projects that is driving forward its market leading position within the industryWriter: Phoebe CalverProject Manager: Josh HylandWhen we last spoke with Saka Energi, it was riding off the success of a challenging and busy year at the Company where it acquired a production block from HESS and became the thriving operator of the block.The transition of ownership of the production block runs well to this day, and during the same year the Company was also in the process of negotiating on several production sharing contracts with Indonesian multinational oil & gas companies.“Our hard work on these projects was made worthwhile when we were able to farm in the aforementioned PSCs, and in 2016 we began farming in Bangkanai PSC,” explains Tumbur Parlindungan. “Following on from that period of success, 2017 was a particularly gratifying year for us as a Company.“We were able to achieve a high level of activity within our productions, consistently complying to international safety standards, while also continuously maintaining a safe and productive workplace.“In addition to that we have successfully managed to create cost-efficiency through the reduction of our operational expenses at every level, keeping us both competitive and effective within the industry.”With thanks to its spirit and drive for exploration, Saka continues to develop its portfolio through exploration activity, development and production in a strategic and sustainable manner. Last year’s strategy was focused on the development of activities, with close attention to Pangkah PSC.Continuous developmentIn the present day the Company…
CWC 4th China LNG and Gas Summit & Exhibition 2018
Now in its fourth year, the China LNG & Gas Summit & Exhibition brings together the key players in the LNG & Gas industry in China and globally to network, debate and do deals. With China’s LNG demand set to double by 2020 and a growing domestic gas market, never before has it been more important to establish your business in China and seize the increasing opportunities that exist in this huge market. Attended by more Chinese LNG buyers than any other event, don’t miss this unique opportunity to directly access key decision makers from China’s NOCs, the Chinese Government, private domestic buyers and international stakeholders; and pinpoint potential investment opportunities for your business.Key topics include:· Capitalising on the opportunities provided by the growth of the Chinese LNG market, as it develops into one of the top importers of LNG globally, driven by government policy and consumer demand· Updates on policy and regulations and forecasts for the scale of the industry· Meet and hear from the NOCs, government and the increasingly important private sector in the Chinese LNG industry· Technology insights for Chinese companies and opportunities for international partnershipsDownload the latest brochure at chinalngsummit.com WHEN: 25-26 AprilWHERE: Beijing, ChinaWEBSITE: chinalngsummit.com
LNG Asia Pacific Congress 2018
Developed in conjunction with the region’s senior LNG community, LNG Asia Pacific Congress 2018 will bring together leaders from key stakeholders. This is a unique event in the region bringing you the latest in pricing, supply and demand balance, contracting strategies, shipping rates, tech developments, reducing costs of LNG project development, up-to-the-minute insights from top buyers in Asia and emerging markets, and more.Regional stakeholders will gather on Conference Day one to provide analysis and projections of the LNG market. Some topics that will be discussed are the updates on global oil prices, developments in the global supply-demand balance, various barriers hindering LNG in promising markets, global and domestic policies, and key business models impacting gas network growth.An exclusive Q&A session with LNG buyers will be held in the afternoon to provide insights on energy mix, government push policies, country-specific challenges and regulations impacting demand, price and cost, supply and demand gaps, and other aspects.In addition, a series of panel discussions on Conference Day two will explore the indications and trends of the pricing transition in Asia Pacific, as well as the emerging contracts and business models in the industry. Attendees can expect comprehensive insights from panelists such as: Osaka Gas (Japan), Texas LNG (U.S), K-Electric (Pakistan), SKK Migas (Indonesia), AXI LNGAS (Philippines) and more.Leaders from key financial institutions will also be present to share on drivers and challenges for infrastructure financing and investment in Asia-Pacific and emerging markets.Why you should attend:· Buyer and end-user presentations on demand outlook· Latest commercial opportunities in LNG Markets & Trading, Terminals…
Long Term Gas Supply Contracts: Asia
Last year’s inaugural congress built upon the highly successful European Congress following market demand. C5 is back in 2018 for a new and improved Long-Term Gas Supply Contracts: Asia congress.The second LTG Asia Congress comes at a crucial time as the LNG market undergoes a global transformation, with supply expanding rapidly. The linkage to oil in long-term LNG contracts in Asia has meant that gas prices are generally much higher than those in other parts of the world, leading to serious doubts about the sustainability of this pricing model. As spot markets and alternative sources of supply develop further in the region, gas purchasers in Asia are now looking to renegotiate more favourable terms for their long-term contracts with their suppliers.What’s new for 2018:· Destination Clauses are no more in Japan. Will the rest of Asia follow suit? Hear directly from METI, and gain perspectives from industry and legal experts to prepare for the ramifications of the end of destination clauses· Hear from industry experts on optimising the use of flexibility provisions within individual contracts· Engage in pragmatic discussions with industry leaders on navigating the relationship between LNG price and supply· The LNG market is undergoing a global transformation as LNG supply has expanded rapidly. Get expert insight into how the market has changed and forecasting what is coming nextPlease contact Marketing@C5-Online.com for more information on reserving your place.All Asia Outlook readers are eligible for an exclusive 15 percent discount off C5’s Long Term Gas Supply Contracts: Asia conference when quoting D15-999-OUTLK18 registration. WHEN: 10-11 AprilWHERE: Sofitel…
