AsianOil - Asia Oil & Gas
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.
Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.
A handful of liquefaction terminals around the world are dealing with unplanned outages.
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.
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.
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 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.
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.
The Chinese port of Zhoushan reportedly increased its sales of marine fuel by 18% year on year in the January-September period.
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.
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.
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.