AsianOil - Asia Oil & Gas

Russian Urals oil exports to China hit record in Q1

Australia’s CBM sector enjoys good news

The Australian upstream has been battered by this year’s collapsing oil and gas prices, with developers big and small reviewing their capital expenditure and deferring projects until business conditions improve.

Australian regulator approves Ichthys LNG subsea work

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Inpex’s plan for subsea modifications to the Ichthys LNG project.

Hopes for resilience of LNG demand

The COVID-19 pandemic is hitting many industries, including LNG, but there are hopes that demand for the fuel will stay resilient despite being dented in the short term.

Diamond Offshore sues Beach over rig cancellation

Houston-based Diamond Offshore Drilling is suing Australian independent Beach Energy in a US court over an alleged breach of contract relating to the Ocean Onyx rig.

Galilee prepares to spud Glenaras well

Australian junior Galilee Energy is preparing to spud a well at its Glenaras coal-bed methane (CBM) project in Queensland’s Galilee Basin after completing its initial exploration programme at the Kumbarilla project.

Sabah allows Petronas to resume operations

Malaysia’s Sabah State has granted national oil company (NOC) Petronas permission to resume operations at several key facilities.

Thailand provisionally supports LNG stockpiling idea

The Thai government has said given its provisional support to the idea of storing imported liquefied natural gas (LNG) in gas fields in offshore gas fields.

India’s LNG imports soared in March

India’s imports of liquefied natural gas (LNG) soared 20.4% year on year in March to 2.87bn cubic metres, while production shrank by 14.4% to 2.41 bcm.

HOEC buoyed by shallow-water well tests

Hindustan Oil Exploration Co. (HOEC) has announced a successful production test at its second well in shallow-water Block MB/OSDSF/B80/2016 (B-80) off India’s west coast.

China’s imports of Russian oil soared in March

China’s purchases of Russian crude soared in March as the country’s refineries sought to capitalise on bargain basement pricing.