AsianOil - Asia Oil & Gas
Herat section of Afghanistan's TAPI pipeline reaches 80% completion
Design work on a gas distribution network for Herat province is under way, and construction is expected to begin in the near future.
Australia’s Santos inks two LNG supply deals
Australian LNG developer Santos has agreed to LNG supply deals with South Korea’s POSCO Steel and US-based Western LNG.
Russia’s Arctic LNG 2 files arbitration claim against Hanwha Ocean
Novatek-owned Arctic LNG 2 has filed an arbitration claim seeking $1bn in compensation from South Korea’s Hanwha Ocean for voided contracts for the construction of LNG vessels.
Indonesian oil company Pertamina explores upstream oil, gas equity stakes in Guyana, Suriname
Moving to insulate Indonesia's national energy grid from global supply disruptions, state-owned energy enterprise Pertamina is initiating exploratory discussions for upstream oil and gas investments in Guyana and Suriname
Fuel crisis in Indonesia's Makassar triggers emergency remote learning, odd-even rationing
Severe fuel shortages (elangkaan BBM) across Makassar, South Sulawesi, have led to citywide operational adjustments, impacting public mobility, enterprise operations, and local education
India has potential to produce 62mn tonnes of compressed biogas annually
India could produce around 62mn tonnes (MT) of compressed biogas (CBG) annually from an estimated 472 MT of feedstock, with animal waste representing the largest share of the potential.
India supplies record share of Russia’s oil-product imports in August
India supplied about 70% of Russia’s oil-product imports in August, with 120,000 tonnes of petrol worth €78mn ($90.3mn) shipped from Nayara Energy’s Vadinar refinery as Ukrainian attacks on Russian refineries disrupted domestic fuel production
Pakistan considers monthly fuel relief for motorcyclists
Pakistan’s government is considering a temporary fuel subsidy for motorcyclists as petrol prices continue to rise.
Russia's Urals oil price surges 16% in August on strong demand, Middle East disruptions
Russian Urals crude prices rose by an average of 16% month on month in August as stronger demand from India and China coincided with reduced Middle Eastern supplies.
Chinese teapot refiners ramp up purchases from West Africa, Canada and South America
Chinese independent refiners are stepping up purchases of crude from West Africa, Canada and South America as supplies from Iran and Russia tighten, helping push spot premiums to multi-month highs.
Japan's MOL names first LNG carrier powered by wind
The 174,000-cubic metre Fujin Sailor was named at Hanwha Ocean’s Geoje shipyard in South Korea on September 10.
Russia ramps up oil shipments to Asia via Northern Sea Route
Two such transfers involving oil shipped through the Russian Arctic took place in the Sea of Japan on September 7.
Myanmar’s Thanlyin refinery targets higher domestic fuel output
Myanmar’s Thanlyin refinery is preparing to start phased production as authorities simultaneously upgrade another major oil-processing facility.
Santos sinks first well in Beetaloo appraisal campaign in Australia
Drilling follows approval in May of the environmental management plan for the appraisal programme by the Northern Territory government.
New Zealand offers state loans to two gas projects in bid to slow output decline
New Zealand's government has approved up to NZ$23.5mn ($13.8mn) in loans for two Todd Energy gas projects in Taranaki, marking the first investments from its NZ$200mn Gas Security Fund as the country seeks to arrest declining domestic supply.
Australia softens rules of domestic gas reservation scheme
Australia's government has softened its proposed domestic gas reservation scheme, replacing a fixed requirement for LNG exporters to supply gas equivalent to 20% of exports to local buyers with an obligation of up to 20%.
Amplitude hits high-quality net gas pay at well in Australia's offshore Otway basin
Australian gas producer Amplitude Energy has intersected 49 metres of interpreted high-quality net gas pay at the Juliet-1 exploration well in the offshore Otway basin, potentially adding new supply to its planned East Coast supply project.
Japan's Osaka Gas completes first ship-to-ship LNG bunkering in Osaka Bay
Japanese utility Osaka Gas (TSE:9532) has completed what it said was the first ship-to-ship (STS) LNG bunkering operation in Osaka Bay, supplying an LNG-fuelled car carrier at the Port of Kobe.
Indonesian oilfield equipment supplier Sunindo Pratama wins local casing contract
Indonesian oilfield equipment supplier Sunindo Pratama has won a $3.19mn contract from Pertamina EP to supply casing for its Regional 1 operations.
Elnusa wins two South Sumatra 3D seismic projects in Indonesia
Indonesian energy services firm Elnusa has secured two 3D seismic survey projects covering around 150 square km in Musi Banyuasin, South Sumatra.
Prima Energy restarts well at Camar oilfield off Indonesia
Indonesia's Prima Energy has restarted the CS-1 well at the Camar oilfield in the Madura Strait off Indonesia, with initial testing yielding around 400 barrels per day after the well had been idle since 2013.
Offshore driller Ventura scores $58mn contract with Petronas for deepwater well off Indonesia
Offshore drilling contractor Ventura Offshore has secured an estimated $58mn contract from Malaysia's Petronas for a one-well ultra-deepwater drilling programme in Indonesia.
Indian gas distributor Torrent eyes IPO
Indian city gas distributor Torrent Gas has filed updated draft papers for an initial public offering in which parent Torrent Investments plans to sell up to 335mn shares.
Gas Malaysia and Petronas to study pipe linking Yan LNG terminal with Malaysia's main gas grid
Malaysian gas distributor Gas Malaysia and Petronas Gas have agreed to study an onshore pipeline connecting the proposed Yan LNG regasification terminal in Kedah with Peninsular Malaysia's main gas transmission network.
Genting sheds 5% stake in Indonesian FLNG project to local partner
Rukun Raharja said in May that the 5% stake was worth $38.6mn.
Tetragon tripes gas estimate for Philippines' Halcon prospect
Australian explorer Tetragon Energy has more than tripled its mid-case estimate of prospective recoverable gas resources at the Halcon exploration prospect in the southern Philippines to 8 trillion cubic feet.
The world is losing its biggest driver of oil demand growth
China is nearing peak oil demand as transport fuel consumption falls and petrochemicals become the main source of remaining growth.
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