21 May 2026
21 May 2026
Increasing LNG demand has sparked significant capacity expansions, but the balance is tipping, and a supply glut looks likely.
With these projects, BW Energy will increase its 2028 targeted net production by around 10% to more than 100,000bopd.
The Bintuni and Drawa exploration blocks are located near the bp-operated Tangguh LNG project in Papua Barat.
Brent crude had risen by 0.4% to $105.42/bbl by 08:09 GMT, and US WTI by 0.5% to $98.76/bbl.
The company also reached a preliminary agreement with Pupuk Indonesia for the supply of pipeline natural gas.
Laboratories can now evaluate the Lyza 7000 FTIR spectrometer in their own environment through a new 70-day, no-cost, no-risk trial programme.
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