AsianOil - Asia Oil & Gas

Malaysia's Reach secures Kazakh production contracts

CNPC unveils exploration plans

China’s largest oil and gas producer has outlined plans not just to increase its output this year, but for the first time to balance it equally between crude oil and natural gas.

Japan’s MODEC seeks to grow offshore Brazil

Japan’s MODEC, a manufacturer of floating oil and gas equipment, has said it plans to grow its business in Brazil, the largest oil producer in South America, by winning one or two major platform contracts each year.

Petronas signs LNG supply contract with Shenergy

Malaysia’s state-run Petronas has signed a long-term liquefied natural gas supply agreement with China’s Shenergy Group.

Woodside’s 2019 production, revenue slide

Australian developer Woodside Petroleum announced last week that both its production and revenue for 2019 had declined year on year.

India launches fifth exploration bid round

The Indian government has offered 11 oil and gas blocks under its fifth Open Acreage Licensing Policy (OALP-V) licensing round.

Vintage hits gas at Queensland well

Australian independent Vintage Energy has announced the discovery of natural gas at its first well on ATP 2021 in Queensland.

Pertamina seeks to bolster domestic crude purchases

Indonesia’s state-owned Pertamina is seeking additional domestic crude supplies for its refineries in 2020 after the government trimmed the company’s import allowance for the year ahead.

Petronas permits THHE to bid for some service contracts

Malaysia’s state-owned Petronas has allowed locally owned service provider TH Heavy Engineering (THHE) to resume bidding for some contracts following a nearly four-year ban on participation.

IOC seeks BPCL stake sale clarity

State-run Indian Oil Corp. (IOC) has said it is waiting for the government to clarify whether state-backed companies will be allowed to bid for New Delhi’s stake in Bharat Petroleum Corporation Ltd (BPCL).

Concerns voiced on viability of US-China deal’s energy trade targets

The US and China have signed a preliminary trade deal, amid concern that the energy purchase commitments set out in the agreement could be too ambitious.