AsianOil - Asia Oil & Gas
Indonesia’s upstream regulator SKK Migas has warned that the country could miss its 2020 crude oil production target despite an anticipated rise in upstream spending.
Australian independent State Gas has revised down its production numbers for the Nyanda-4 gas well in Queensland after launching an audit into its initial figures late last year.
The Chinese government has unveiled plans to allow foreign and private companies to explore and develop the country’s oil and gas resources without the need for partnerships with state-owned developers.
Japan’s Mitsui OSK Lines (MOL) and China COSCO Shipping have named the second of four LNG carriers the companies have commissioned to transport fuel produced by Russia’s Yamal LNG project.
The Vietnamese government has raised the bar for state-owned PetroVietnam after the major surpassed its 2019 oil and gas production targets.
Malaysia’s state-owned Petronas is preparing to re-enter Cambodia’s oil and gas sector after exiting the South-East Asian country in 2010, a senior Malaysian diplomat has said.
India’s demand for liquefied natural gas (LNG) is helping drive spot prices for the fuel higher, according to a report by Reuters.
India’s largest oil refiner Indian Oil has teamed up with state-run developer Oil India Ltd (OIL) on a project to re-inject refinery carbon emissions at a nearby mature oil project.
Analysts from Bernstein Research are forecasting that the global LNG glut will end earlier than widely expected thanks to an anticipated resurgence in Asian demand, as well as construction being wrapped up on current projects.
Australia edged out Qatar to become the world’s leading exporter of LNG in 2019, as its output of the super-chilled fuel grew.