Daily Digest: January 28th, 2020

Asian national oil companies (NOCs) must respond to the topic of the energy transition which is now the single most important challenge facing them, Wood Mackenzie Asia Pacific vice-chair Gavin Thompson said in a note.

Electricity and gas network tariffs are likely to surge in the coming decade as the energy transition gets underway in Europe and the Groningen gas field is closed, Dutch industrial users' body VEMW said.

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Bulgaria plans to diversify its gas import sources by end-2020, cutting Russian gas intake by a half and buying Azeri gas and US LNG instead, energy minister Temenuzhka Petkova said in Washington.

UK explorer Neptune Energy is launching a subsurface programme with the aim of discovering hydrocarbons faster and with fewer dusters along the way, it said.

The TurkStream gas pipeline has shipped its first 1bn m3 of gas, its Russian operator Gazprom said late on January 27.

Sydney-listed Oil Search said its revenue last year was US$1.58bn, up 3% on the previous year.

Australia’s Oilex and India’s Gujarat State Petroleum (GSPC) have lined up a buyer for their interests in the Bhandut production-sharing contract (PSC) in the western Indian state of Gujarat.

The $10bn four-nation Turkmenistan-Afghanistan-Pakistan-India (Tapi) pipeline is facing delays in Afghanistan caused by the land acquisition process, Khaama Press News Agency reported January 27.

Kazakhstan-focused Nostrum Oil & Gas produced 28,587 barrels of oil equivalent/day of oil and gas in 2019, the company said in a statement. This is down from 31,254 boe/day the year before.

North Africa-focused explorer SDX Energy found more gas than it expected to, with its 75%-owned OYF-2 well in Morocco, it said.