AsianOil - Asia Oil & Gas
Upstream junior Indonesia Energy said this week that state-owned Pertamina had approved its technical programme and drilling budget for the onshore Kruh Block.
India’s decision to impose a 21-day lockdown this week has reportedly driven the country’s liquefied natural gas (LNG) importers to issue force majeure notices to their suppliers.
Australia developer Santos is planning to slash capital expenditure this year and delay a major natural gas development owing to the oil price collapse.
Australian independent Oilex has warned that its planned sale of assets in Australia to Doriemus is unlikely to proceed following the withdrawal of the latter company’s proposed capital raising.
Australian independent Warrego Energy announced plans this week to reduce its overheads after revealing that it had rejected a takeover offer from Strike Energy.
Sinopec Oilfield Service has said it intends to boost its capital expenditure by 18% year on year in 2020.
Singapore’s Jadestone Energy has decided to delay the Nam Du and U Minh natural gas project in Vietnam owing to the slide in oil prices.
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
China's Yantai LNG Group has been given government approval to build an LNG terminal in Shandong Province.