AsianOil - Asia Oil & Gas

Pakistan LNG considers terminating supply agreements

Pakistan LNG is reportedly considering cancelling two long-term LNG supply contracts to take advantage of low spot prices for the fuel.

OMV gears up for drilling campaign offshore NZ

APPEA backs return of conventional gas exploration to Victoria

The Australian Petroleum Production and Exploration Association (APPEA) has thrown its support behind the Victorian opposition’s call to lift the state’s ban on conventional onshore natural gas development.

Equinor ditches Great Australia Bight drilling plan

Norwegian developer Equinor has abandoned plans to explore offshore South Australia in the deep waters of the Great Australia Bight.

South Korea leans more heavily on US oil

South Korea’s imports of crude oil from the US more than doubled in 2019 as refiners sought to diversify their supply portfolios and 2020 is expected to follow a similar trend.

Coronavirus hampers Shandong teapots' efforts to secure credit

A number of independent refiners in China’s Shandong Province have had their credit lines suspended over concerns about shrinking fuel demand following the spread of the coronavirus.

PTTEP, Total awarded Omani block

Oman has awarded an exploration and production-sharing agreement (EPSA) for the onshore Block 12 to Thailand’s state-owned PTT Exploration and Production (PTTEP) and French major Total.

ONGC reportedly seeks Tapti exploration licence

India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly applied for a 10-year exploration licence to the depleted Tapti natural gas field.