AsianOil - Asia Oil & Gas

Philippines lifts upstream moratorium in disputed waters

The Philippines has lifted a six-year moratorium on exploration in disputed waters of the South China Sea in response to growing concerns over the country’s future energy security.

NRG: Challenges ahead

Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.

Petronas considers its position in Iraq’s Gharraf

South Korean yard wins $1.7bn order for Arctic LNG-2 carriers

IEA dismisses near-term peak in oil demand, sees firm outlook for gas

Unplanned outages plague LNG plants

A handful of liquefaction terminals around the world are dealing with unplanned outages.

Australia gas industry prepares for uncertain future

Australia’s natural gas sector is pinning its hopes on continuing demand from key Asian markets as the global outlook for fossil fuels demand becomes increasingly bearish.

Trump administration scrutinising Tipco’s payment arrangements with PdVSA

Thailand’s Tipco Asphalt has reportedly drawn some unwelcome attention from US federal authorities in light of reports on its financial arrangements with Venezuela’s national oil company (NOC) PdVSA.

India remains committed to mega-refinery

Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan has said plans for the country’s largest refinery at Ratnagiri will not be downsized, though he has admitted that the timetable has been pushed back.

Ecuador eyes new $1.4bn oil-backed Chinese loan

Ecuador is hoping to sign a new US$1.4bn oil-backed loan agreement with China next month, according to the South American country’s Minister of Energy and Non-Renewable Natural Resources René Ortiz.

PipeChina reveals LNG regasification tariffs, spare capacity

State-owned China Oil and Gas Pipeline Network (PipeChina) has reportedly revealed both regasification tariffs and November-December spare capacity for six of its liquefied natural gas (LNG) terminals.

Zhoushan’s VLSFO sales climb 18% in 9M-20

The Chinese port of Zhoushan reportedly increased its sales of marine fuel by 18% year on year in the January-September period.

Petron urges Philippines to pass LPG bill

Philippine refiner and fuel retailer Petron has urged Congress to pass a bill that seeks to clamp down on illegal practices within the liquefied petroleum gas (LPG) sector.

Strike off to rocky start during West Erregulla appraisal drilling

Australian independent Strike Energy has revealed that the first well in its three-well appraisal of the onshore West Erregulla natural gas field in Western Australia has run into difficulty.

State Gas gears up for new drilling at CBM project

Australian independent State Gas has hired a drilling rig to sink up to four wells at its wholly owned Reid’s Dome coal-bed methane (CBM) project in Queensland.