AsianOil - Asia Oil & Gas

Oil plunges again after IEA paints bleak picture

Gazprom pushes ahead with work to expand Chinese gas sales

OPEC+ cuts deep into global supply, but not deep enough

China prepares to close ‘oil deal of a lifetime’ in Iraq

Oil prices give up early gains as analysts say new OPEC+ production cuts not big enough

Shell delays FID on Crux project in Australia

Royal Dutch Shell announced on April 7 that alongside its joint venture partners it had agreed to postpone a final investment decision (FID) on the proposed Crux gas project offshore Australia.

KOGAS reportedly asks certain suppliers to defer LNG shipments

Korea Gas (KOGAS), one of the world’s leading buyers of LNG, has reportedly asked some of its suppliers to defer shipments of the fuel as the coronavirus (COVID-19) pandemic continues to depress demand.

Woodside steps up pursuit of hydrogen export goals

Australian oil and gas developer Woodside Petroleum has unveiled the next step in its ongoing development of a hydrogen export strategy.

ONGC seeks upstream tax relief

India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly appealed to the government for tax relief as its core business comes under pressure from the oil and gas price crash.

Sino-Kazakh venture to build pipe factory

China and Kazakhstan are set to begin building an oil and gas pipe factory in Almaty in the second quarter, after the project was quietly shelved two years ago.

Sinopec starts up Sri Lankan bunkering operations

China’s state-run Sinopec has announced the official launch of bunkering operations at its oil depot at the port of Hambantota in Sri Lanka.

IOC awards Barauni refinery upgrade contract to L&T

State-run Indian Oil Corp. (IOC) has awarded international engineering company Larsen & Toubro (L&T) a contract to expand the capacity of the Barauni refinery in the eastern state of Bihar.

Pertamina to expand crude production by 1.8% this year

Indonesia’s state-run Pertamina has said it intends to increase its crude oil production by 1.8% this year, doubling down on its previous statement that the oil price crash would not affect its drilling plans for 2020.

Origin increases stake in Beetaloo Basin shale gas project

Australian developer Origin Energy will increase its stake in the Beetaloo Basin shale gas project in exchange for covering a larger share of junior partner Falcon Oil and Gas’ cost obligations.