AsianOil - Asia Oil & Gas
Chan May LNG is planning to invest up to $6bn in an LNG-to-power project in Vietnam as interest in such ventures grows in the country.
Australian developer Beach Energy announced on July 22 that both its production and revenue had slid in the April-June quarter.
Cooper Energy is pushing ahead with a new upstream project even though companies are delaying investments amid the current industry downturn.
Seoul summons Iranian ambassador after “master and servant” remark over $7bn of oil money frozen in Korean banks
Australian independent Santos posted a 15% quarter-on-quarter jump in its April-June oil and gas production.
China’s crude oil imports could set an all-time high of 14.4mn barrels per day in July, Reuters reported this week citing ship-tracking data.
The Indonesian government’s plan to streamline state-owned Pertamina has run into opposition from the company’s labour union, which has accused Jakarta of trying to privatise the major.
Indonesia’s oil and gas production has fallen in the first half of the year, driven both by weaker domestic energy demand and natural declines at mature fields.
Sydney-listed Oil Search saw its second-quarter revenue plunge 26% quarter on quarter owing to the oil price crash in March.
Officials representing the US and India have signed a memorandum of understanding on co-operation relating to emergency crude reserves.