AsianOil - Asia Oil & Gas

APPEA points to IGU survey in Australian gas price debate

Shell aims to exit major Indonesian gas block

Indonesian upstream regulator SKK Migas has confirmed reports that Royal Dutch Shell intends to divest its 35% stake in the giant Masela gas block.

NRG: Bracing for the second wave

COVID-19 weighs on LNG exports as demand remains depressed

COVID-19 continues to depress demand for LNG and batter exports, though some positive signs have emerged amid a generally bearish outlook for the coming months.

Jadestone acquires Lemang PSC onshore Indonesia

Singapore-based independent Jadestone Energy has agreed to pay up to $44mn for Mandala Energy Lemang’s 90% operated stake in the Lemang production-sharing contract (PSC) onshore Indonesia.

CNOOC Ltd announces “significant” South China Sea discovery

State-run CNOOC Ltd has announced a “significant” shallow-water crude and condensate discovery in the eastern South China Sea.

Oil Search cuts workforce by a third

South Australia awards new exploration licences

The South Australian government has awarded several new petroleum exploration licence applications (PELAs) across the Otway and Cooper Basins to six developers.

Jemena urges Australia to back hydrogen

Australian natural gas and power utility Jemena has called on the government to put hydrogen front and centre of the country's national energy strategy.

Pakistan hikes fuel prices

In a move that will provide some relief to Pakistan’s oil marketing companies (OMCs), the government signed off on an immediate increase in fuel prices last week.

India rethinks domestic gas pricing mechanism

India has finally bowed to pressure from its state-run developer and has announced plans to slowly dismantle the country’s natural gas pricing mechanism. The mechanism has long been a bugbear for domestic developers.