AsianOil - Asia Oil & Gas

Pertamina approves Indonesia Energy’s drilling plan

Upstream junior Indonesia Energy said this week that state-owned Pertamina had approved its technical programme and drilling budget for the onshore Kruh Block.

Indian LNG buyers issue force majeure notices

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.

Santos slashes spending

Australia developer Santos is planning to slash capital expenditure this year and delay a major natural gas development owing to the oil price collapse.

Oilex’s asset sale to Doriemus at risk

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.

Warrego trims the fat, rejects takeover bid

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 to boost capex in 2020

Sinopec Oilfield Service has said it intends to boost its capital expenditure by 18% year on year in 2020.

Jadestone freezes Vietnamese gas project

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.

US considers wading into Saudi-Russia supply war

Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears

Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.

Yantai LNG obtains approval to build import terminal

China's Yantai LNG Group has been given government approval to build an LNG terminal in Shandong Province.