AsianOil - Asia Oil & Gas
Oil prices collapse as COVID-19 wreaks havoc
PetroVietnam may stockpile oil while prices are low
The oil price crash has prompted PetroVietnam not only to review its spending but also to consider whether it should begin stockpiling crude.
Santos agrees to Darwin LNG, Bayu-Undan stake sale
Australian developer Santos has agreed to sell down its stake in the Darwin liquefied natural gas (LNG) terminal and the Bayu-Undan gas field once its acquisition of ConocoPhillips’ northern Australian gas assets has been finalised.
Indonesia works on low oil price strategy
The Indonesian government is currently trying not only to understand how the international oil price collapse will affect the domestic economy but also what opportunities it creates for the country.
Oil Search slashes budgets in response to price crash
Australia-listed developer Oil Search has slashed its projected capital and investment expenditure for 2020 in response to falling international oil prices.
ONGC begins gas production from KG-D5
India’s state-run Oil and Natural Gas Corp. (ONGC) has begun producing gas from its deep-water KG-DWN-98/2 (KG-D5) block in the Krishna Godavari (KG) Basin.
Sinochem refuses to buy crude from Rosneft
China’s state-run Sinochem Group has reportedly refused to buy crude oil from Russia’s state-run Rosneft.
Australia’s Victoria State lifts onshore conventional gas drilling ban
Australia’s southern state of Victoria has announced that it will lift its moratorium on conventional onshore gas exploration from July 2021.
Chinese crude production could prove too costly
The immediate future of China’s oil production is in question given the hammering that crude prices have taken since the start of the year.
Gazprom shuts down Power of Siberia for maintenance
PetroVietnam’s oil output exceeds government targets
State-owned PetroVietnam said it has exceeded its government-set oil and gas production target for the first two months of the year by 9.3%.
ONGC tests KG-D5 well
India’s state-run Oil and Natural Gas Corp. (ONGC) has tested the first well at its deep-water KG-DWN-98/2 (KG-D5) in the Krishna Godavari (KG) Basin.
Santos makes progress on Narrabri CBM approvals
The New South Wales State government has referred Santos’ Narrabri coal-bed methane (CBM) project to the Independent Planning Commission (IPC) for review, the company announced on March 11.
Senex bullish after Surat Basin results
Australian independent Senex Energy has said it expects to enjoy “transformational” growth over the next few years, after its natural gas projects in Queensland’s Surat Basin outperformed original expectations.
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