AsianOil - Asia Oil & Gas

Trafigura shifts oil trading operations from Shandong to Shanghai

International commodity trader Trafigura is reportedly planning to move its crude oil marketing operations from Qingdao in Shandong Province to its commodities desk in Shanghai.

Mosman farms out NT permit application

UK-listed independent Mosman Oil and Gas has agreed to farm out a 70% operated stake in its application for the EP 155 permit, which is located in Australia’s Northern Territory.

ARENA funds APA’s renewable methane pilot

The Australian Renewable Energy Agency (ARENA) has awarded AUD1.1mn ($712,000) in funding for a renewable methane pilot project that is being developed by APA and Southern Green Gas.

Petronas, Sarawak settle oil and gas dispute

Malaysian national oil company (NOC) Petronas and the Sarawak State government have settled their dispute over oil and gas rights as well as a multi-million dollar unpaid tax bill.

IOC scales up refinery runs

State-run refiner Indian Oil Corp. (IOC) has revealed that it plans to scale up its refinery operations this month as the country’s oil product demand slowly rebounds.

Indian district demands ONGC, GAIL review safety protocols

Authorities in a district of India’s Andhra Pradesh State have ordered state-run Oil and Natural Gas Corp. (ONGC) and GAIL (India) to produce a safety certificate for their facilities or face a suspension of operations.

India rethinks upstream policy amid low prices

India’s government finally appears ready to listen to calls from the country’s state-run oil and gas developers that some measure of upstream relief is needed during the current downturn in energy prices.

Central Asian gas producers stung by Chinese demand losses

Warning issued over potential LNG shortage in Japan

The world is struggling to absorb a glut of LNG, but import-dependent Japan could find itself facing a shortage of the fuel

G3E’s receivers turn off the gas at Chinese block

Privately owned G3 Exploration (G3E) has revealed that its receivers have suspended production from assets in the Shizhuang South (GSS) coal-bed methane (CBM) block.

KrisEnergy reviews Thai operations after oil price collapse

Singaporean independent KrisEnergy has warned that the steep fall in oil prices during the first four months of this year would weigh on revenue from its Thai and Bangladeshi operations.

Woodside wins Australia’s first ship-to-ship LNG bunkering licences

The Pilbara Port Authority (PPA) has issued Australia’s first ship-to-ship liquefied natural gas (LNG) bunkering licences to Woodside Petroleum.

PTTEP slashes spending as profits tumble

Thailand’s state-owned PTT Exploration and Production (PTTEP) has unveiled plans to slash capital expenditure this year after the oil price collapse sent the company’s quarterly profit tumbling.

OGDC suspends shale gas drilling

Pakistan’s state-owned Oil and Gas Development Co. (OGDC) has reportedly suspended work on its first shale gas well.

Pakistani fuel shortages loom

Pakistan could run out of oil products within the next few weeks owing to government agencies’ inability to work together to resolve a supply shortfall, local daily The News reported on May 5.

Queensland reopens exploration bid round

The Australian state of Queensland has announced plans to restart its 2020 exploration tender, which was suspended as the country ramped up its response to the coronavirus (COVID-19) pandemic.

Indian oil and gas demand plummets 70%

Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan said this week that the country’s energy demand had fallen by 70% since the nationwide lockdown began on March 24.